Real World Employment Prospects Deteriorated in February 2017,
Plunging at an Annual Pace Not Seen Since the
Depths of the Economic Collapse into 2009


Nonetheless, FOMC Hawks Got Their Strong Headline Jobs Report


Headline Employment and Unemployment Remained Nonsensical and
Generally Not Comparable Month-to-Month or Otherwise


Payroll Employment, Which Gained 235,000 Jobs in February,
Counts Each Part-Time Job as an Employed Individual


Household Survey Employment Counts Each Individual Only Once;
Multiple Job Holders Gained 260,000 in February


February Unemployment Rates Dropped: U.3 Declined to 4.7% from 4.8%,
U.6 Fell to 9.2% from 9.4%, ShadowStats-Alternate Fell to 22.7% from 22.9%


February Money Supply M3 Annual Growth Sank to a 55-Month Low,
Closing in on a Formal Recession Signal

 

 

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