Get past the orgasmic gymnastics in the headline:
Job Creation Surges as Rate Falls to 7.7%
Job creation broke out in February, with the economy creating a net 236,000 new jobs as the unemployment rate fell to 7.7 percent.
Private job creation stood at a robust 246,000, finally indicating that the economy may be ready to escape the tight growth range in which it has been held since the financial crisis.
…(“ROBUST”?) to the brutal truth:
…A separate unemployment measure that includes workers no longer looking for jobs and those working part-time for economic reasons edged lower to 14.3 percent. At the same time, the labor force participation rate, which measures workers and those looking for jobs,
also fell, to a 32-year low of 63.5 percent, tied with where it stood in August 2012.
Hey, Skippy. Hiring at The Olive Garden or Target might be picking up, but the vast majority of the people are still sitting home, feeling pret-tee hopeless.