Good news.  We lost only 80,000 jobs according to the U.S. Department of Labor Employment Stituation Summary for March .  That is a relief for Wall Street, which has been suffering much over the last few months.  That makes it just three months of disappearing jobs so far this year, and the economy is still robust with consumer spending still strong. 

 

Of course that will be revised over the coming month or two, but it will probably not increase by more than a few thousand, the usual revision number.  And that is old news by that time, so it will be an un-noticed footnote for and will have no impact on the Average American consumer.

  

And even better, 1,300,000 unemployed job seekers that are drawing unemployment handouts from the government will run out of benefits in the first six months of 2008.   That will be a savings for the government that can be used to keep us safe and promote consumer spending.

  

Of course some of these evaporated workers may find jobs, but most will just disappear from the statistics because the U.S., unlike the Europeans, counts only those drawing unemployment payments.  After all, out-of-sight, out-of-mind is the PC (Politically Comfortable), or at least BS (Best Statistics) path for the politicians.  And these vanished workers will have little or no impact because they cannot spend copiously as consumers.

 

With the unemployment rate rising to just over five percent, the good times continue to roll!  After all, historically that is considered full employment by the keepers of the BS.  And most importantly, the consumer keeps spending like a drunken sailor! 

 

All is well  with The People of Consumer Land in Middle Class Earth.