Unemployment down to 9% ??

[huntinman]

With only 36,000 jobs created last month, less than 1,000 per state. Half a million unemployed just quit looking last month.

More "fuzzy math" from the administration...

[Roger Perry]

With only 36,000 jobs created last month, less than 1,000 per state. Half a million unemployed just quit looking last month.

More "fuzzy math" from the administration...

Why do you just pick and choose what you want to post out of the article.

Friday’s jobs report offered a conflicting picture of the nation’s hiring landscape. Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work. The department conducts a separate survey of businesses, which showed tepid job creation. The two surveys sometimes diverge.
The unemployment rate has fallen by eight-tenths of a percentage point in the past two months. That’s the steepest two-month drop in nearly 53 years.

[huntinman]

Why do you just pick and choose what you want to post out of the article.

Friday’s jobs report offered a conflicting picture of the nation’s hiring landscape. Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work. The department conducts a separate survey of businesses, which showed tepid job creation. The two surveys sometimes diverge.
The unemployment rate has fallen by eight-tenths of a percentage point in the past two months. That’s the steepest two-month drop in nearly 53 years.

Thats pretty good Roger, you are now qualified to be spokeman for the Obama WH

[Granddaddy]

Why do you just pick and choose what you want to post out of the article.

Friday’s jobs report offered a conflicting picture of the nation’s hiring landscape. Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work. The department conducts a separate survey of businesses, which showed tepid job creation. The two surveys sometimes diverge.
The unemployment rate has fallen by eight-tenths of a percentage point in the past two months. That’s the steepest two-month drop in nearly 53 years.

Why not tell the whole story. Go back and look at the whole story, at how many people just "dropped" out of the workforce, meaning they quit looking for work, according to gov. IMO, this is most likely due to extended unemployment benefits, and continued poor prospects for a job.......

[road kill]

I am not sure what is more alarming about this baloney stat.

That the White House thinks some people are stupid enough to beleive this, or that some people are stupid enough to beleive it!!!!


RK

[Roger Perry]

Why not tell the whole story. Go back and look at the whole story, at how many people just "dropped" out of the workforce, meaning they quit looking for work, according to gov. IMO, this is most likely due to extended unemployment benefits, and continued poor prospects for a job.......

I believe that was covered in the origional post. Of course the weather had nothing to do with it or did it?
Analysts said severe winter weather likely reduced the number of jobs created in January. Harsh snowstorms last month cut into weather-prone industries like construction, which saw employment fall by 32,000, the most since May. Transportation and warehousing also fell by 38,000 — the most in a year.



huntinmanUnemployment down to 9% ??
With only 36,000 jobs created last month, less than 1,000 per state. Half a million unemployed just quit looking last month.

More "fuzzy math" from the administration...

[huntinman]

I don't know exactly how many people should be in the work force... But I have to imagine that it should take somewhere in the neighborhood of 200,000 jobs to make a 1% difference in the number. They are telling us that 36,000 jobs were created and the unemployment rate magically dropped .8%? Right... So, if the jobs were not created, the people looking for jobs had to quit looking and not be counted... Which the WH considers good news.

[huntinman]

I believe that was covered in the origional post. Of course the weather had nothing to do with it or did it?
Analysts said severe winter weather likely reduced the number of jobs created in January. Harsh snowstorms last month cut into weather-prone industries like construction, which saw employment fall by 32,000, the most since May. Transportation and warehousing also fell by 38,000 — the most in a year.



huntinmanUnemployment down to 9% ??
With only 36,000 jobs created last month, less than 1,000 per state. Half a million unemployed just quit looking last month.

More "fuzzy math" from the administration...

we have to restate it slowly so you can understand it...

[road kill]

Labor Force Participation Plunges To Fresh 26 Year Low
Submitted by Tyler Durden on 02/04/2011 08:57 -0500

BLS Bureau of Labor Statistics Unemployment


At 64.2%, the labor force participation rate (as a percentage of the total civilian noninstitutional population) is now at a fresh 26 year low, the lowest since March 1984, and is the only reason why the unemployment rate dropped to 9% (labor force declined from 153,690 to 153,186). Those not in the Labor Force has increased from 83.9 million to 86.2 million, or 2.2 million in one year! As for the numerator in the fraction, the number of unemployed, it has plunged from 15 million to 13.9 million in two months! The only reason for this is due to the increasing disenchantment of those who completely fall off the BLS rolls and no longer even try to look for a job. Lastly, we won't even show what the labor force is as a percentage of total population. It is a vertical plunge.



__________________________________________________ ___________________


RK

[starjack]

Why do you just pick and choose what you want to post out of the article.

Friday’s jobs report offered a conflicting picture of the nation’s hiring landscape. Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work. The department conducts a separate survey of businesses, which showed tepid job creation. The two surveys sometimes diverge.
The unemployment rate has fallen by eight-tenths of a percentage point in the past two months. That’s the steepest two-month drop in nearly 53 years.

OH BOY here we go again. Could this sudden drop might have something to dowith the BUSH TAX CUTS. But mister obama speaker could not think that could be possible