The Whole Jobs Picture......

In the month of June the economy added 288,000 jobs and everyone is jumping up and down with pom poms. 

http://www.reuters.com/article/2014/07/03/us-usa-economy-idUSKBN0F80AW20140703

Nobody wants to discuss the 312,000 NEW unemployment claims that came last week.

For the month of June the weekly average was 311,000 per week.

So 311,000 new unemployed X 4 weeks = 1,244,000 for the month of June. Minus the 288,000 new jobs…. only leaves a shortfall of 956,000….For June.

But this is considered excellent news.

If you say so.

http://www.foxbusiness.com/economy-policy/2014/06/19/weekly-jobless-claims-fall/

Keep shaking those pom poms….