Bet Obama is not going to be happy with this report. A big part of his re-election will be the unemployment rate. And that is a true rate rather than one simply based on the reduced number of employed.
That doesnt also include the people that have gone on welfare that arent on the unemployment statistics!!!
Most of this nation's wealth is concentrated in the hands of a few at the top. They have way more than they are able to spend. The rest of us have no money so we cannot spend. As long as we are not spending, business will not have many customers and the economy cannot recover.
remember this is an election year and the Government will say anything to make things look better looks like Ben Bernanke may be right
It is weak because it is weak The Numbers were nothing But Some that The Politicians came up with and gave the Labor department and Told them release these Numbers so We can Look good .Yes we know they are BS but everything we say is BS So what difference does that make. Obummy Been-Lying is running for reelction so he will give out good numbers not that it matters the People are starting to realize that ALL Politicians are Liars,Cheats, and Thieves and dont care one Iota about anything but making thier own Bank Accounts bigger
Bernanke is cautious because he knows the economy is in the crapper, but if he doesn't spin it right Obama will put him in the crapper.
It is better to under sell than to over sell a recovery. IF the recovery is picking up steam it will be felt by the citizens. If someone goes out saying the recovery is going full bore and people are still out of work, not finding work, worried about lay offs, they will react negatively.
You will see anothe recession when gas prices go to or over $4.00 a galloon.
The reason Bernanke is not too sure about the job market being better is that the job numbers are inflated to help Øbama get re elected. The economy and jobs will improve as soon as Øbama is out of office.
They allow dumb people to vote.