US Unemployment Approaches Reality?

Unemployment falls to 9 percent, lowest since 2009 ... The unemployment rate is suddenly sinking at the fastest pace in a half-century, falling to 9 percent from 9.8 percent in just two months — the most encouraging sign for the job market since the recession ended. More than half a million people found work in January. A government survey found weak hiring by big companies. But more people appear to be working for themselves or finding jobs at small businesses ... Eisenhower administration is the latest sign that the economic recovery is picking up speed. The service sector and manufacturing are growing again at pre-recession rates. The Dow Jones industrial average closed above 12,000 this week for the first time since mid-2008. And retail sales have reached a five-year high. – Yahoo

Dominant Social Theme: After tough times, the magnificent "can do" spirit of Americans is beginning to pull the country out of recession. Americans are a proud and productive race. You can't keep them down.

Free-Market Analysis: We are glad that the terrible unemployment that America is facing has subsided.
This is what happens when the vital energies of the most innovative country in the world are challenged: American citizens respond magnificently. The country's largest, dynamic corporations – Boeing, General Electric and General Motors – use recessions to discipline costs and create new, streamlined product. Fat is cut and muscle is strengthened.

No less a publication than the Economist has noted the beginning of the end of the jobless recession. In a recent article, this august tome explained the following: "There's still a lot of misinterpretation of the drop in the unemployment rate from 9.4% in December to 9.0% in January. Some on Wall Street say it's a bad sign, attributing it to a decline in the labor force as people gave up looking for work. But that decline in the labor force is a statistical illusion. When you remove that illusion, the entire drop in the unemployment rate can be attributed to the unemployed finding jobs."

This is great news. A publication apparently affiliated with the Rothschild banking family – a self-described newspaper that proudly presents itself as one of the most trusted periodicals in the West – has made the determination that US unemployment is down. The figures released by the US government can be trusted after all.

OK, sarcasm off. In fact, the unemployment situation in the US – and in the West generally – remains disastrous. Alternative ‘Net news organizations estimate US employment to be in the area of 20 percent; and we believe it is likely much higher than that. Even some mainstream media voices cannot keep up the pretense that the economy is turning positive again. The website and news organization BMI informs of us the following:

[Chief among the less trusting] is CNBC's floor reporter Rick Santelli, who recently criticized 'kool-aid drinkers' [on-air] for trying to find good news in the 'disappointing.' Jobs are heading up and down at the same time. The Bureau of Labor Statistics announced the morning of Feb. 4 that only 36,000 jobs were added in the month of January, but the unemployment rate dropped from 9.4 percent to 9.0 percent.

Santelli even lashed out at some of the CNBC "Squawk Box" panel that were discussing the latest jobs report. "[W]e have overwhelming evidence the jobs market is disappointing, and all of you are trying to look for that one half of spaghetti in a 50 lb. spaghetti bowl. This is not great data," Santelli claimed. "In terms of jobs ... if you work just one day. If you stay home but you get paid you're counted in the data."

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