Posted on 02/04/2011 5:57:22 AM PST by nhwingut
WASHINGTON (AP) -- The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months.
(Excerpt) Read more at finance.yahoo.com ...
We go through this every month...the 36K is a net figure...job gains minus job losses over the month. Effectively we’re breaking even with jobs on a monthly basis.
Is this the same administration that tells the Retired People there is no Inflation??
“But even worse, very few people know or care about just how much trouble we are actually in!”
Exactly. :(
Talk about doublespeak!
It’s also because many claims are done; 99 weeks are up, I know of many whose claims have run out. The extension funding was to finish out the 99 weeks apparently, not extend the 99 weeks.
Hard to look for invisible jobs also...
My husband FINALLY got called back to work yesterday after a year and a half. Praying it’s a long job, not just a couple of weeks.
Won't be long we'll all be going Egypt, I can see the chalk lines being laid out now.
Let the games begin!
I don’t believe a word of it! Unemployment is at least
16%.
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