Number Of Jobs Available Shrinking

There are 2.5M less jobs in January and the unemployment rate improves. By October the phony number will be down to about 8%. The Bureau of Labor Statistics says the number of jobs in December was 132,952,000 and the number of jobs in January was 130,400...

Tyler Durden at Zero Hedge: "Great news from today's BLS report, right? Wrong," he says. "As is well known banks have been firing workers left and right: these are the jobs that actually matter in the grand withholding taxes scheme of things. Yet someone is getting hired supposedly. Well, as we suggested before the NFP report, this is merely rotation from high paying jobs to 'low-wage jobs.' And no, it's not our words - this is what CRT Capital says. Per Bloomberg: About 113k of NFP gain from 'low wage jobs,' David Ader, strategist at CRT Capital Group, writes in note. Additionally, 'we didn’t see the drop in courier and messengers as expected.'"

Remember, the unemployment number is people still looking for work and can't find any, up to 99 weeks of unemployment, but the U6 is everybody, including those who've quit. It's 15.1%, the unemployment rate for blacks is 13.6%, and for teenagers, 23.2%.

when you shrink the labor force, you are reducing the overall universe of jobs, and therefore the unemployment rate can do nothing but come down. It can do nothing but fall when you reduce the universe number that employed and unemployed are being measured against.

The Congressional Budget Office report says we're looking at 1% economic growth in 2013, 2.2% economic growth this year. And the CBO report that we had admits that the labor force numbers are skewing the real unemployment number down. That was part of their report that we told you about on Wednesday. And if it were more accurate, the unemployment rate would be 1.25% higher than it currently figures to be.

Barack Obama in a speech Friday, "This morning we received more good news about our economy. In January, American businesses added another 257,000 jobs. The unemployment rate came down because more people found work. And altogether we've added 3.7 million new jobs over the last 23 months."

The Bureau of Labor Statistics is saying, using seasonally adjusted numbers, that the number of jobs increased approximately 233,000 or 243,000. That's a difference of 2,739,000 jobs. That is one heck of a difference! How do you "seasonally adjust" 2,700,000 jobs? The raw number and the seasonal adjustment, I'm sorry, I don't understand how they get there.

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