Wall Street chumps believe jobs numbers, Market Watch chumps article, Media and financial sites mislead investors, US Labor Dept BLS numbers reveal horrible jobs situation

The May uptick notwithstanding, the gradual downward trend in the headline jobless rate belies the magnitude of the issue. A much larger number of workers are still struggling to find full-time employment, settling on part-time work to make ends meet. That broader measure of joblessness (the so-called U-6 number) ticked fractionally lower, but remains elevated at 13.8%.”…Jim Baird, Plante Moran Financial Advisors

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

 “Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

From Market Watch July 29, 2013.

“Never give a sucker an even break or smarten up a chump”
— W.C. Fields in You Can’t Cheat an Honest Man

“On Wall Street, business as usual thrives on investor ignorance. It is not in its interest to have more astute clients.”

http://www.marketwatch.com/story/10-ways-wall-street-played-you-for-a-chump-2013-07-29

No mention of the real jobs situation in this country.

Market Watch, financial sites and the media in general are playing investors for chumps.

From Market Watch July 28, 2013.

“Half full or half empty? Jobs and GDP differ
Economy improving by one measure, slowing by another”

“GDP says U.S. growth is subpar, but the monthly jobs report suggests the economy is on the upswing. What’s an investor to do?

Put a bit more trust in the forward-looking employment figures. More people working means more jobs are available, more cash is going to consumers, more money is being spent — and more companies are hiring to keep up with demand.

The headline number on gross domestic product, by contrast, looks at growth through the rear-view mirror and often paints a misleading picture of the economy. A high growth rate could be the result of one-time factors soon to fade; a low GDP reading could mask the economy’s true strength.”

http://www.marketwatch.com/story/half-full-or-half-empty-jobs-and-gdp-differ-2013-07-28

The GDP numbers are more accurate and do match the real jobs situation.

The May uptick notwithstanding, the gradual downward trend in the headline jobless rate belies the magnitude of the issue. A much larger number of workers are still struggling to find full-time employment, settling on part-time work to make ends meet. That broader measure of joblessness (the so-called U-6 number) ticked fractionally lower, but remains elevated at 13.8%.”…Jim Baird, Plante Moran Financial Advisors

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

The U-6 number was 14.3 percent for June 2013.