Posted on 03/09/2007 7:15:20 AM PST by Rokke
WASHINGTON - The nation's unemployment rate dipped to 4.5 percent in February even as big losses of construction and factory jobs restrained overall payroll growth. Wages grew briskly.
The latest snapshot, released by the Labor Department on Friday, offered a somewhat mixed picture of the employment climate.
The slight decline in the politically prominent jobless rate, from 4.6 percent in January, came as hundreds of thousand of people left the work force for various reasons.
(Excerpt) Read more at news.yahoo.com ...
damn Bush economy
ROTFLMAO!!!!
The AP strikes again!!!
July 5, 1996
WASHINGTON (CNN) -- Economists didn't expect June's unemployment rate to be much different from May's, which was an already-low 5.6 percent. But in fact, it did fall -- to 5.3 percent.
A future mainstream media story:
"According to the Labor Department, everybody in America is now employed except Willie Lumpkin of Paducah, Kentucky. Critics of the administration are asking why in the richest nation on earth, someone like Willie Lumpkin has to go without a job. We will have team coverage on Lumpkin and the effect of his situation on his family and the community. What could account for Lumpkin's misery? The most commonly cited reason is Bush's tax cuts..."
Thank heavens those 80,000 construction and manufacturing jobs were compensated for by 190,000 service and government jobs. The day where we manufacture nothing and simply sell imported crap to each other is getting closer with every monthly report.
Brilliant. If a person could figure out how to present media bias like this to the American public in a format that would actually hold their interest (the same people who would rather vote for American Idol contestants than Congressional candidates) we could shut our lying media down forever.
maybe construction would be doing great if it wasn't for global warming. damn that winter! they claim joblessness based on seasonal jobs. amazing.
Good point about Willie Green, and his protectionist agenda. I haven't heard anything out of him lately. Did we run him off?
Hey Willie Green. Did you miss the part about rapid wage growth across the board? I know that doesn't fit into your doom and gloom agenda, but at some point you'll have to face reality. And if your head is exploding already, you certainly won't want to read this article... Net Worth of U.S. Households Skyrockets And you also won't want to know that our trade deficit this month has shrunk due to record growth in our own exports. Nope, you won't want to know all that because A. it is fact, and B. it means our economy is doing just fine without producing buggy whips and butter churns.
Yes, Willie is no longer with us. But his doom and gloom mindset lingers on. I think he was last seen handing out pamphlets on street corners demanding everyone buy gold and protect their homes with claymore mines.
Let's take a look at those, shall we:
- Did you miss the part about rapid wage growth across the board?
I saw it, wages were up 0.4%, core CPI was up 0.6%. It never ceases to amaze me how people never cease to ignore inflation.
- you certainly won't want to read this article... Net Worth of U.S. Households Skyrockets.
When the stock market goes straight up for three months I guess that means that we don't have to manufacture anything any more, well except different ways to shuffle stock certificates of course.
- And you also won't want to know that our trade deficit this month has shrunk due to record growth in our own exports.
Exports of durable goods were up 1%, domestic orders of durable goods down were down six percent. It'd be nice if we were buying our own durable goods.
Thank you. The MSM counts on people like you to find the connection between manufacturing employment and manufacturing output where there is none. It's the reason it includes phrases such as "even as big losses of construction and factory jobs" in the first sentence of articles, because people like you continue to fall for it hook, line, and sinker. Every time.
Our manufacturing sector has been expanding, according to the ISM Index, for something on the order of 50 of the last 49 months. I suspect you will focus like a laser-beam on the one.
The problem with people of your ilk is that you've decided something is true, and then you just create information to "prove" your points.
"When the stock market goes straight up for three months I guess that means that we don't have to manufacture anything any more, well except different ways to shuffle stock certificates of course."
Yeah. You're right. It doesn't matter that networth of individuals in this country is skyrocketing. That is actually bad news. Nothing is good unless all Americans are back working on assembly lines.
"Exports of durable goods were up 1%, domestic orders of durable goods down were down six percent. It'd be nice if we were buying our own durable goods."
Classic. Now it is bad news that our exports of durable goods is up. Life sucks. I'm going to go sell my children into slavery in anticipation of the coming depression. Might as well beat the rush.
Don't hold your breath, clown.
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