-They know that if the official U3 unemployment number that was released with this "release" is up to 9% and the official U6 unemployment is up to 15.9%, then the real unemployment rate which includes those who want a job, those who have fallen off the unemployment payrolls and are no longer counted as unemployed, is more than 23%.
-They know that the labor force participation rate is at the lowest rate in 25 years.
-They know the number of people not in the labor force AND the number of people that want a job are both a all time records.
-They know that full time jobs are a thing of the past in this country and nearly all new jobs are part time (read: minimum wage Burger King, WalMart et al jobs) which means, don't expect a housing recovery from those people. Take for example McDonalds hiring 62k people of that big number!
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