Why the latest Unemployment Rate numbers are BS and MEANINGLESS (w/pictures)

[Roland99]

(Numbers from bls.gov)

The monthly average of new jobs created is just barely above the equilibrium point (of population growth).

This is further evidenced by looking at the Labor Force Participation Rate (LFPR... BLS Series ID LNS11300000)


Look at how flat that line is for the last year (note that the scale is rather 'zoomed in' due to the short range of dates involved)




For comparison, here's the LFPR from 1996-Present






And, oh, btw, just look at how M3 growth has skyrocketed:
http://www.shadowstats.com/cgi-bin/sgs/data

Looks like the gov't is trying to buy its way to prosperity using the Federal Reserve as a credit card.