113,000 jobs gain was "low wage jobs" which don't generate tax back to gov. Duration on unemployment remains over 40 wks.

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"Duration on unemployment remains over 40 weeks."

2/3/12, "Nonfarm Payroll Surge... On Gain From "Low Wage Jobs", Delay In Courier, Messenger Job Drop," Zero Hedge, Tyler Durden

"Great news from today's BLS report, right (when one excludes that record 1.2 million explosion in people out of the labor force of course)? Wrong. As is well known banks have been firing workers left and right: these are the jobs that actually matter in the grand withholding taxes scheme of things. Yet someone is getting hired supposedly. Well, as we suggested before the NFP report, this is merely rotation from high paying jobs to "low-wage jobs." And no, it's not our words - this is what CRT Capital says. Per Bloomberg: About 113k of NFP gain from “low wage jobs,” David Ader, strategist at CRT Capital Group, writes in note.

• Additionally, “we didn’t see the drop in courier and messengers as expected - but suspect we will."

Moreover, ‘‘long-term stress remains at the U6 measure at 15.1% is still high, but likely falling due to people leaving labor force, and duration on unemployment remains over 40 weeks." But yes, it is an election year, so by November expect the labor participation rate to be under 60% and the unemployment rate to drop to under 6%, or some other propaganda BS."

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4/1/2010, "The Obama Coalition," The Atlantic, Thomas Byrne Edsall

"Over the last two years, there has been a massive increase in the number of people who have no place to turn except to the government. Enactment of the Obama administration’s health care reform legislation demonstrates the growing power of this burgeoning constituency—a constituency which will reap a disproportionate share of the $1 trillion in new health care spending over the next decade.

There are many ways to measure the expanding multitudes of those in need. From February 2008 to February 2010, the number of unemployed men and women doubled from 7.4 million to 14.9 million.

In addition to these almost 15 million unemployed, the number of people who say they want to work, but who have given up trying, grew from 4.8 million to 6.2 million over the same period. Added to these are the people working part time who cannot get regular jobs: this population grew from 4.8 million to 8.9 million. "...

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