Unemployment claims soar as U.S. industry collapses; MSM touts growth in lowest-paying jobs instead

Saturday, March 21, 2015
By Paul Martin

by: J. D. Heyes
NaturalNews.com
Saturday, March 21, 2015

According to published reports, the U.S. economy grew by nearly 300,000 jobs in February, making the unemployment rate fall to 5.5 percent – the lowest of President Obama’s tenure – so the nation is well on its way to post-Great Recession recovery, right?

Not so fast.

As reported by USA Today March 6:

The BLS revised January’s job gains to 239,000 from 257,000 and left December’s 329,000 estimate unchanged, for a total downward revision of 18,000. Job gains have averaged 288,000 a month the past three months. Nevertheless, February was the fourth-best month for jobs since January 2014.

“The upside surprise should no longer be a surprise because, despite what many pessimists wish to believe, the economy is expanding at a healthy clip and creating high variety jobs again,” Todd Schoenberger at LandColt Capital told CNBC.

While that sounds positive at first blush, the realities of those figures, along with some other details about employment and the U.S. economy, tell a much different story.

The Rest…HERE

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