John Wiliiams from shadowstats.com

The real stats…..

– Reflecting Ongoing, Seriously-Flawed Reporting, Neither the Jobs Gain Nor the Unemployment-Rate Decline Was Meaningful
– February Unemployment: 7.7% (U.3), 14.3% (U.6), 23.0% (ShadowStats)
– Consumer Credit Outstanding Remained Stagnant, Net of Federally-Held Student Loans
– Slowing Growth in M3 Suggests Mounting Systemic Stress, As Monetary Base Continues to Soar