U.S. economy rebounds, adding 288,000 jobs in April

The unemployment rate in America does not include those whom benefits have run out.

The actual rate is around 12.7 percent unemployed.

I agree, Bear27840, this article is full of deliberate misinformation/ bs. The Federal Reserve papered-over the 2008 crisis and what about the looming bubbles in student loans, entitlements and who knows what else.

"The Federal Reserve papered-over the 2008 crisis"

What?! The FED quickly engaged in aggressive monetary stimulus, helping avoid another Great Depression.

What?! The FED quickly engaged in aggressive monetary stimulus, helping avoid another Great Depression.

No, it merely set the stage for a greater financial crisis.

Growth in the US is a paltry .1%, and the economy actually shed 800,000 jobs, as many people left the workforce. The article mentions a paltry labor participation rate of 62.8%, which equals the bad times America endured during the Carter years.

We can't forget the financial crisis at the end of the Carter and the start of the Reagan administrations, the stage is being set for an encore. But the problem is, that to save us from the so-called "greatest financial crisis since the Great Depression", the FED added $4.4 trillion to it's balance sheet, reduced interest rates to zero, and has used up all the bullets it had in it's gun. If the economy can't get moving again, what else will they be able to do? For all the pumping, number fudging, and market manipulation, all we end up with is neutral growth and the lowest labor participation rate since the Carter years?

For all the pumping, number fudging, and market manipulation, all we end up with is neutral growth and the lowest labor participation rate since the Carter years?

And imagine where it would be then with them doing none of that !

@sangetsu03

Yes deflation is better, let's not do anything at all. Maybe you should learn that sometimes growth is not the main focus, but the control of volatility.

"No, it merely set the stage for a greater financial crisis."

A crisis that HASN'T happened, and only exists in your fertile imagination? LOL.

"We can't forget the financial crisis at the end of the Carter and the start of the Reagan administrations,"

Sure we can. The worst recession of the 70s lasted a very long 73 to 75, a legacy of Republican administrations. After Carter settled into office, GDP growth expanded around 5% for several years until 78, with tandem rises in household real incomes.

The recession that hit at the end of his term was caused by Fed hiking interest rates to double digits (!) to conquer inflation (a highly successful policy the Reagan administration quietly approved of and was credited mistakenly to "Reagonomics" although he had nothing to do with it) and OPEC's doubling of world oil prices, which caused a global recession, meaning it wasn't due to domestic policies. Europe was hit especially hard.

A crisis that HASN'T happened, and only exists in your fertile imagination? LOL.

"Yet" is the key word. I would love not to have the last laugh here, but I probably will.

LMAO, adding 288,000 jobs in April means nothing when you have over 11,000,000 unemployed and 33,000,000 illegals here battling the unemployed for scrap jobs. Not to mean the government doesn't tell the readers that the 288,000 jobs added in April 90% were part time!!!