U.S. adds 192,000 jobs in February (8.9% unemployment)

MarketWatch ^ | March 4, 2011, 8:30 a.m. EST | MarketWatch

[TSgt]

WASHINGTON (MarketWatch) -- Job growth accelerated in February and the unemployment rate fell for the third straight month, the Labor Department said Friday. Total nonfarm payrolls increased by 192,000 in February. This was slightly lower than the 218,000 gain expected by Wall Street economists. The unemployment rate ticked lower to 8.9% in February from 9.0% in the previous month.

[TSgt]

You smell something burning? I think it's the cooked numbers...

[TomGuy]

A new ‘magic number’: under 9%

Come whatever may, Team Obama will get to ‘perceived’ 8% or less unemployment by November 2012.

If they can keep ‘perceived’ inflation in check, Team Obama will be difficult to beat.

Incumbency is difficult to win against. The GOP needs a strong candidate, and their top tier of wannabes are not ‘them’.

Link to full BLS report:
http://bls.gov/news.release/empsit.nr0.htm

[screaminsunshine]

They are well overdone. What a joke this is becoming.

[Perdogg]

How much of those are govt hire? What was the private sector hiring?

[spokeshave]

In before the “unexpected”

[Road Warrior ‘04]

All the talking heads projected a 9.1% rate. Cooked numbers in the 8.9%? My guess: YES!

[Paladin2]

I believe that these numbers come from “careful” polling, not an actual count. I suggest a defunding of the Labor Dept.

[mwl8787]

the 8.9% number is a joke.

I want to know when the unemployment rate will increase as all the discouraged workers come back into the equation.

[TomGuy]

From the BLS report:

The change in total nonfarm payroll employment for December was revised from +121,000 to +152,000, and the change for January was revised from +36,000 to +63,000.

Curious that the report gives no reason for the upward revisions in both December and January.

[preamble]

they cooked the books

[tcrlaf]

The gap between Gallup Reported numbers, and Administration reported number is now HUGE.

Gallup reported 10.3% just YESTERDAY.
BLS is reporting 8.9%.
That’s not a statistical difference, that’s FRAUD by one of them.

How many millions did Obama have to delete from the workforce, this time???

[InvisibleChurch]

Why don’t they report it at 4.5% and be done with it?

[screaminsunshine]

And I second that. All of these job killing agencies should go.

[paulycy]

Wait a month. The numbers will be revised upwards. But by then the spin will have worked.

[nhwingut]

Unemployment rate November 2010: 9.8%

Jobs added:
Dec 103,000
Jan 36,000
Feb 192,000

Total: 331,000 (110,000 per month)

Yet the unemployment rate has gone down a FULL point?

Yeah.... right.

Pre-Obama math, you needed 3 million jobs to drop it a full point.

Yet, presto. 300,000 jobs in 3 months and here we go. Down, down, down.

[screaminsunshine]

Only socialist dictators will be allowed in the New World Order.

[Red Badger]

Never forget, that when a person’s unemployment benefits expire they drop off the rolls. The BLS “assumes” that person to be employed................

[SumProVita]

Definitely cooked numbers!!!

A more accurate analysis can be found here:

http://www.shadowstats.com

[TomGuy]

Gallup Finds U.S. Unemployment Hitting 10.3% in February

Thursday, March 03, 2011 2:14:13 PM · by george76 · 34 replies

Gallup news ^ | March 3, 2011 | Dennis Jacobe

Underemployment surged to 19.9% in February from 18.9% at the end of January. Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010. ... Underemployment, a measure that combines part-time workers wanting full-time work with those who are unemployed, surged in February to 19.9%.

[screaminsunshine]

Available jobs are decreasing faster than people filing. The recipe is folding in that figure. Mix well and bake.