In reality the unemployment rate again ticked up in March compared to Feb 2010. The US economy still has a rising unemployment rate.

A classic case of wall street pulling a fast one over the unsuspecting. Every single Newspaper and News channel will run with the headline of 162k jobs addition and a steady unemployment rate and yet given new labor that has joined the labor force unemployment rate has actually ticked up again.

We have not adjusted for the atrocious assumptions of BLS model and for the time being assume that we run with these assumptions, the data clearly points to some tightness in the labor market but it is so insignificant that it may statistically almost assumed to be mere noise. If this is what a $1.5 trillion stimulus could finally achieve, I have very little words to express my sadness over the state of affairs of this nation. Every News channel is right now reporting about the glorious turn around in labor market and yet they completely forget that there is real tax payer money to the tune of $1.5 trillion behind these numbers and yet this is the result of it all at the end of 12 months.