Both Sets Of Jobs Numbers For January 2013

Yesterday CNS News reported that the number of Americans not in the labor force grew by 169,000 in January. Meanwhile, reports that 157,000 new jobs were added in January 2013.

The article at reported:

Federal Reserve officials said on Wednesday that economic activity had “paused,” but they signaled optimism the recovery would regain speed with continued monetary policy support. The Fed left in place a monthly $85 billion bond-buying stimulus plan. Economists polled by Reuters had expected employers to add 160,000 jobs and the unemployment rate to hold steady at 7.8 percent last month.

…Job growth in 2012 averaged 181,000 a month, but not enough to significantly reduce unemployment. Economists say employment gains in excess of 250,000 a month over a sustained period are needed.

We are losing jobs as fast as we are gaining them. This really does not look like a strong economic recovery.