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Gayle in MD
03-04-2011, 08:52 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

Sev
03-04-2011, 08:55 AM
Not really.
More faux numbers.

jimmyg
03-04-2011, 09:20 AM
The original poster hasn't a clue, as usual. The more people that roll off the unemployment benefit roll, the lower the participation rate, and even though they did not find employment, the unemployment rate is lowered. The birth/death number is a fantasy number, simply made up out of thin air. It's a joke. J

<span style="color: #CC0000">Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjustment: +112,000 </span>
Submitted by Tyler Durden on 03/04/2011 08:41 -0500

Wonder why the unemployment rate is at an artificially low 8.9%? Three simple words: Labor Force Participation. At 64.2%, it was unchanged from last month, and continues to be at a 25 year low. Should the LFP return to its 25 trendline average of 66.1%, the unemployment rate would be 11.6%. And indicatively, the Birth/Death adjustment was +112,000.

LWW
03-04-2011, 09:23 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body"><span style='font-size: 14pt'>"For the private sector -- we haven't seen a number like this since 2006."</span></div></div>

And that's the era when the democrooks were braying that the number they now trumpet was the "WORST ECONOMY SINCE THE GREAT DEPRESSION!" in collectivist unison.

So, now that the 5 year reign of economic terror is leveling out to something resembling the job growth under the Bush/republican regime ... Gee hails it as victory for dear leader's policies?

This is doublethink off the charts!

This is agitprop theater at it's finest.

And it is abject denial of reality at it's ugliest.

BRAVO!

LWW

pooltchr
03-04-2011, 05:04 PM
I'm sure those numbers will end up being revised....it seems to be a trend with this administration.

Steve

LWW
03-04-2011, 05:05 PM
Meanwhile, the former darling of the far left ... Gallup ... has the UE rate at 10.3%.

LWW

Soflasnapper
03-04-2011, 06:08 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">I'm sure those numbers will end up being revised....it seems to be a trend with this administration.

Steve </div></div>

That is beyond a silly response, because ALL administrations see these kinds of numbers routinely revised, often several times. Really.

pooltchr
03-04-2011, 06:24 PM
So why release numbers when they know they are wrong?

More importantly, why start a thread over the supposedly good news, when chances are very good that the news will probably turn out to be not so good after all?

Steve

LWW
03-05-2011, 04:58 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">I'm sure those numbers will end up being revised....it seems to be a trend with this administration.

Steve </div></div>

That is beyond a silly response, because ALL administrations see these kinds of numbers routinely revised, often several times. Really. </div></div>

Hypothetically I agree with this.

In reality, during the Bush regime the numbers were routinely adjusted upwards later ... while under the Obama regime they seem to almost always end up adjusted downwards. The MSM also always trumpets the initial numbers and slow rolls the adjusted ones ... leading to the masses only recalling the spoon fed "TRUTH".

Why do you think that is?

LWW
LWW

pooltchr
03-05-2011, 07:13 AM
What I find interesting here is that the OP started this thread to let us all know what wonderful news this is, when earlier in the week, the same poster started a thread about how the nasty old Republicans weren't doing anything about jobs. Yet, here we are, 4 months after an election where the nasty old Republicans gave the Dems a "shellacking", and we have unemployment reported to be below 9% for the first time in years!

So I have to wonder...why did this wonderful news not happen until after the Reps took over the house? Could it possibly be the fact that employers feel a little more comfortable about the economy now that the Dems no longer have a stranglehold on Washington?

Just a thought.

Steve

Sev
03-05-2011, 07:59 AM
Not to worry. The rate union public sector union jobs are going to be lost the number is sure to climb up while the increasing the bottom line of states.
Cuts in the Federal government union sector will help to achieve the same goal.

pooltchr
03-05-2011, 08:29 AM
NBC news this morning is speculating that the numbers will go back up next month, and more of the discouraged unemployed, who aren't counted as unemployed, decide to start looking for work again!

Steve

Sev
03-05-2011, 08:32 AM
Sadly it still does not reflect true unemployment.

LWW
03-05-2011, 12:52 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">What I find interesting here is that the OP started this thread to let us all know what wonderful news this is, when earlier in the week, the same poster started a thread about how the nasty old Republicans weren't doing anything about jobs. Yet, here we are, 4 months after an election where the nasty old Republicans gave the Dems a "shellacking", and we have unemployment reported to be below 9% for the first time in years!

Steve </div></div>

You have the bar too high again. You are expecting logic from a doublethinker.

LWW

LWW
03-05-2011, 12:52 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">NBC news this morning is speculating that the numbers will go back up next month, and more of the discouraged unemployed, who aren't counted as unemployed, decide to start looking for work again!

Steve </div></div>

That will be Bush's fault.

LWW

sack316
03-05-2011, 06:43 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">NBC news this morning is speculating that the numbers will go back up next month, and more of the discouraged unemployed, who aren't counted as unemployed, decide to start looking for work again!

Steve </div></div>

And 2 months away from May, when a whole slew of new college grads make their way into the real world. Although, I don't believe they count in the UE figure (I could be wrong).

Sack

Sev
03-05-2011, 06:44 PM
I suspect bicycle sales will increase as gas prices spike.

LWW
03-08-2011, 05:44 AM
That is the wish of Obamao.

LWW

ugotda7
03-09-2011, 01:37 PM
POS.................

JohnnyD
03-09-2011, 04:59 PM
Excellent post

LWW
03-11-2011, 05:44 AM
All who lost $100K+ jobs under Obamao can rejoice that they can now apply at McDonald's and receive ... if hired ... the princely sum of $7.35 per hour for 35 hours ... maybe less ... per week.

jimmyg
03-11-2011, 07:18 AM
Many of those 100K earners, especially in the FIRE and sales (automotive)industries, simply returned to their former "bubble" status.

J

Sev
03-11-2011, 08:23 AM
This past weeks unemployment filings spike again.

Public sector union layoffs are about to get rolling.

The next wave of forecloses in the pipeline.

LWW
03-11-2011, 03:32 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">This past weeks unemployment filings spike again.

Public sector union layoffs are about to get rolling.

The next wave of forecloses in the pipeline. </div></div>

And that news gets slow rolled.

Sev
03-11-2011, 06:31 PM
We also have another 20 cent climb in the price of gas to look foreward to if the price of oil stays at the current level.

The Earthquake near Japan and the current devastation to the Japanese automotive sector as well as the fizzle of, "The Day of Rage" brought prices down for the moment.

LWW
03-12-2011, 03:18 AM
One thing I'll give to the Muslim protesters ... at least they seem to be doing the protests on their own and have the courage of their convictions. Unlike the "RENT A PROTESTER" we so often see from the far left in America.