Skip to comments.Payrolls Surge By 236,000 In February, Following Big Downward Revision, Unemployment Rate Slides....
Posted on 03/08/2013 5:37:20 AM PST by Perdogg
February payrolls rose by a whopping 236,000, much better than the 165,000 expected. However this takes place as the January number was revised from 157K to 119K. The unemployment rate slides to 7.7%, on expectations of a 7.9%. This was the lowest unemployment rate since December of 2008. The civilian labor force dropped as usual from 63.6% to 63.5%. The household survey saw an increase of 170K jobs in February, following a 17K increase in January.
When the numbers move around this much and defy expectations this much, it just highlights the fact that it is all made up and the “experts” have no idea what is really going on. They just want it to look good.
A look at the numbers:
236 thousand “new” jobs.
But, 125 thousand folks OUT of work force in round numbers.
And 60 thousand downward revision from last month.
Yes, fantasy, and BS.
Retailers and fast-food joints engaged in mass hiring since they had to cut their existing workers to under 30 hours due to Obamacare.
Barry needs a bump in the polls.
The Ministry of Plenty is here to help.
Hilarious! Liberal tv news (local 7) in Miami Florida JUST DID A “NEWS ALERT” on these biased numbers.....
They NEVER REPORTED as “breaking news” the steady INCREASED UNEMPLOYMENT over the past 5 years.
Anybody know what the work force participation rate is in this report?
Never mind. I see it now.
Participation rate dropped to 63.5% and birth/deaths added 104,000 to the raw number.
This is just like the CPI, adjusted by hedonics, substitution, etc. so much you can’t tell anything from the published numbers.
EXCELLENT POINT! All this happening while PERSONAL INCOME PLUMMETED.....a statistic not reported widely in the Obama buttlicking media.
the only number that cuts through the bs is the number of people on food stamps
Yep, down .1, out of something over 100 million, means a downward bump of something over 100K people.
The area around where I sit is just overrun with Now Hiring signs. Every shop and restaurant has one out. It’s to plug these holes in their schedules due to Obamacare. But the visuals to the average low-information type driving down the road make it appear as if Barry’s got it solved.
Once he gets what he needs from this The Secretary Shall declare that they’re gonna buy insurance for every employee who clocks in for even 15 minutes. Bank on it.
Fantasy and BS? You know it, I know it and everyone here on FR knows it. However, the low-information voter only knows and believes what the MSM and the administration feeds them. And they now outnumber us...
It will be interesting when employees can only work for 14 minutes...kind of like government “workers”. LOL.
I’ll say it again, the only real unemployment number any more that matters is the Labor Force Participation rate, which was down again this month and continues to bounce along at thirty-year lows.
My granddaughter just got a 4 hour per week job, not that she was looking for one but there are probably many like her being counted as employed.
Wait a minute. Didn’t the economy rise just 0.1% in the fourth quarter? That’s with the busy holiday season taken into account. Now we’re supposed to believe that on top of that dreadful news 200,000 were added in February? I’m watching CNN at my job and they’re practically giddy at all of this. Why do I get the feeling the American people are being sold a bill of goods? We’re being led to our slaughter while our attention is being diverted from the disaster.
This probably just reflects a lot people being forced to trade one full time job for two part time jobs. (if there is any real basis for the numbers at all, which I’m not ready to concede in this slightest)
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