Gayle in MD
03-04-2011, 07:52 AM
Lila Shapiro
Unemployment Rate Falls In February, U.S. Adds 192K Jobs
<span style='font-size: 20pt'>
After a winter of weak improvement in the labor market, the Bureau of Labor Statistics has finally reported a promising sign of growth in the American economy.</span>In February, 192,000 <span style="color: #990000"> </span> jobs were added to the U.S. economy. While this headline number is encouraging, February's job growth was not, economists point out, strong enough to make a significant dent in the unemployment rate, which remained relatively unchanged, falling to 8.9 percent from 9 percent.
<span style='font-size: 20pt'>Job gains occurred in manufacturing, construction, professional and business services, health care, and transportation and warehousing, while employment in state and local government edged down.</span>
[b]
"I think its a great number for the economy and a great number for the American worker," said Wells Fargo economist John Silvia. <span style='font-size: 14pt'>"For the private sector -- we haven't seen a number like this since 2006."</span>The last several months of job growth have been achingly slow. Despite numerous indicators of economic recovery -- manufacturing expanding for the 19th straight month, gross domestic product on the rise, and growing corporate profits -- the unemployment rate didn't drop below a grim 9 percent.
In fact, this winter's most significant drop in the unemployment rate came, not from jobs added to a difficult labor market, but from discouraged workers giving up the hunt.
<span style='font-size: 14pt'>Last month, even as the unemployment rate dropped from 9.4 to 9 percent, only 36,000 jobs were added. Some of this was due to miserable January weather, and economists caution that its important to look at the average over several months, particularly when weather is a factor.</span>
http://www.huffingtonpost.com/2011/03/03/unemployment-rate-february_n_831178.html
The President's efforts are working...and this trend is clearly in the right direction....guess Repubs are going to have to get rid of some more jobs? Oh, that's right, they're already trying to do that, on the state Level....!
Now, we'll see the right, as they usually do, display their usual denial of anything good to see here...
But hey, let us take a look back, at their overly zealous confidence about the end of Bush's earliest Recession, before this last one...and how sure they were about his magnificent accomplishments of ending his two wars....long, long ago....
Q, you'll get a kick out of this one! /forums/images/%%GRAEMLIN_URL%%/grin.gif
http://billiardsdigest.com/forums/ubbthreads.php?ubb=showflat&Main=9518&Number=101553#Post101553
Unemployment Rate Falls In February, U.S. Adds 192K Jobs
<span style='font-size: 20pt'>
After a winter of weak improvement in the labor market, the Bureau of Labor Statistics has finally reported a promising sign of growth in the American economy.</span>In February, 192,000 <span style="color: #990000"> </span> jobs were added to the U.S. economy. While this headline number is encouraging, February's job growth was not, economists point out, strong enough to make a significant dent in the unemployment rate, which remained relatively unchanged, falling to 8.9 percent from 9 percent.
<span style='font-size: 20pt'>Job gains occurred in manufacturing, construction, professional and business services, health care, and transportation and warehousing, while employment in state and local government edged down.</span>
[b]
"I think its a great number for the economy and a great number for the American worker," said Wells Fargo economist John Silvia. <span style='font-size: 14pt'>"For the private sector -- we haven't seen a number like this since 2006."</span>The last several months of job growth have been achingly slow. Despite numerous indicators of economic recovery -- manufacturing expanding for the 19th straight month, gross domestic product on the rise, and growing corporate profits -- the unemployment rate didn't drop below a grim 9 percent.
In fact, this winter's most significant drop in the unemployment rate came, not from jobs added to a difficult labor market, but from discouraged workers giving up the hunt.
<span style='font-size: 14pt'>Last month, even as the unemployment rate dropped from 9.4 to 9 percent, only 36,000 jobs were added. Some of this was due to miserable January weather, and economists caution that its important to look at the average over several months, particularly when weather is a factor.</span>
http://www.huffingtonpost.com/2011/03/03/unemployment-rate-february_n_831178.html
The President's efforts are working...and this trend is clearly in the right direction....guess Repubs are going to have to get rid of some more jobs? Oh, that's right, they're already trying to do that, on the state Level....!
Now, we'll see the right, as they usually do, display their usual denial of anything good to see here...
But hey, let us take a look back, at their overly zealous confidence about the end of Bush's earliest Recession, before this last one...and how sure they were about his magnificent accomplishments of ending his two wars....long, long ago....
Q, you'll get a kick out of this one! /forums/images/%%GRAEMLIN_URL%%/grin.gif
http://billiardsdigest.com/forums/ubbthreads.php?ubb=showflat&Main=9518&Number=101553#Post101553