CNBC delivers today's
The Gong Show Winner is David Malpass who projected 220,000 new jobs and then states, "I really think there is an improvement in the economy though you can't see it." SAY WHAT!
The highlight is Rick Santelli opening a can of whoop a@* when Steve Liesman deemed the U-6 figure dropped to 16.1%. NOTE: once again, the seasonally adjusted number dropped from 16.7% to 16.1%. The Non-Seasonally Adjusted figure (a.k.a. real) increased to 17.1% from 16.6%. Non of the esteemed panelists opted to bring up that data nugget.
The Experts New Jobs Projections Episode
U-6Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.. .