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 ...
It's the marxist utopia: Nobody works and everybody has everything they want. Simple.
They are either showeling snow (job) or can’t get to unemployment office, because they are lazy to dig out the car.
Anyone counting closed businesses???
I think the “steep decline” to 9.0% reflects a very large chunk of folks who have simply left the market; given up on ever finding a job and not on the UI rolls.
Surveys are funny things. You can use them to lie, or to support the truth. Surveys do not, however, provide hard empirical facts. If 600k people are not unemployed anymore, then they need to demonstrate that through the use of facts, not statistical samples.
Yes, but if so, the U-6 number should go up... but it went down, also. So, I'm a bit confused on this. The economy clearly isn't great, but it's had a lot of stimulation.
Just ask yourself "What would T Jefferson do?" I believe he would rightly put aside such political issues that typically divide us, and save his moral outrage at what has become of this country. The criminals who masquerade as partisans just laugh to themselves at the stupidity of Americans who keep allowing them to rape & pillage at will.
They don't give a sh!t if it the state spends funds on welfare or warfare, as long as the bankers get to loan phantom money, with interest, payable by unborn generations' taxed earnings.
The regime has decreed that unemployment will decline, but the regime’s policies are destroying jobs. The only alternative left for this regime is to fudge the numbers. Welcome to the Banana Republic formerly known as the USA.
When the protests began in Egypt, I heard numerous reports in the American news media that the Egyptians were rioting over their dismal economy and unemployment. I searched for current Egyptian unemployment numbers and found figures of 10 percent unemploymernt and up to 25 percent unemployment for Egyptian youth. Aren’t those numbers approximately the same as ours?
After the first day or so, I didn’t hear any more news reports that the Egyptians were protesting their economy. The media switched to the rights of expression and assembly, as well as the right to internet access as the reason for the protests.
The Obama supporting media obviously figured out that they couldn’t report overthrowing Mubarek for economic reasons lest they suggest that Obama is also an economic failure.
Yes, aka the BadCrock O'Bananas Republic (just absent the bananas and the Republic portions).
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You got that right. My hubby had a job interview this past Tuesday, and the gal interviewing him said one of the biggest things they’ve come up against are guys who are on unemployment who are weighing the benefits of unemployment for another year, or working. Guess what most of them choose. We don’t have that luxury, being self employed for the last 10+ years, we don’t get unemployment!
I'd post more, but I hear the music from the Magic Unicorn going by, and the kids will all want to go out and pick up Skittles after it gets down the block...
They have truly become useful idiots.
Just eliminate the corp tax and the income tax and like magic, there will be almost zero unemployemnt....dumb asses! They are too stupid and wicked to realize that!
The number of people on Food Stamps has almost tripled, since MaObama dropped Clinton Era Welfare Reform, there are now three times the number of people signed up for Welfare “benefits”.
According to the latest Food Stamps program statistics, there are 150 Million people receiving food assistance cards.
J.P Morgan was awarded the contract to handle it and they are making Millions off of these Food Credit Card transactions.
This thing has escalated into a nightmare! It's a mess and so out of control, there will be no way to fix it.
Check out this link. It will help explain the distortions in the numbers. http://www.zerohedge.com/article/nfp-36000-huge-miss-146000-expectations-9-unemployment
2.5 million have run out of unemployment but the AP reports that they ALL are self employed now so our economy is zooming ahead.
LLS
I am stuned, I tell you, just stuned at his success getting us out of this depression!
/heavy, heavy sarc
I don´t understand this figure: 600k less unemployed people but only 36k jobs added (49k in manufacturing, which is great news). Does it mean that more than half million stopped to look for a job?
switch to Fox Business Channel
they have a much more critical view
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