Posted on 03/04/2011 5:49:08 AM PST by 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.
(Excerpt) Read more at marketwatch.com ...
I'm very curious how that number keeps dropping when supposedly additional unemployed rejoined the "searching for work" group.
I'm sure that whoever the talking head was that I heard this morning, will get an email later today. Will see if she changes her story on Monday.
Sorry, but that's false. The unemployment numbers come from a household survey. It is not tied to unemployment insurance.
What is going to happen to markets when the true figures come out? We are building another bubble. How far will the media let this go before the truth overwhelms the cooked numbers?
I play the markets for a living, and I've never seen numbers as jiggled as these. This will end badly.
A few seasonal workers are going back to work ( construction, roofers , landscapers , etc...). In my current job, I am laidoff for a few months every winter. I have had this for the past couple of years. I think that may be one reason for a slight dip in the numbers. Along with the padding by the current admin., it would look like a big gain in unemployment but really not.
The numbers come from “Jobless claims” that are filed every month. “Household Surveys”? Where did you pull that BS from?
Correcton;
“Jobless Claims” filed every WEEK, (sorry)
I don’t believe this at all!!
Arizona is not doing well at all:
http://www.azcentral.com/arizonarepublic/news/articles/2011/03/04/20110304biz-jobs0304.html
Not to mention, I have been laid off yet again!! Me and several hundred others were laid off one month ago and I only know of maybe two people have gotton jobs!
I closely watch the numbers hourly. And yesterday’s little sucker rally was all based on this bogus propaganda. Wall Street is being driven by Lemmings. That is the only way to describe it. They no longer buy long or short, they stampede!
No that will increase the growth. You will need more people cooking the books because of the loss of incomes and jobs, ergo, less unemployment. :) /S
there is a wave of layoffs coming amongst government employees as state coffers start running out of money.
When gas is $4.00 to $5.00 a gallon, we will be another recession and unemployment will go up...
I was referring to the unemployment rate. Here’s an explanation on how unemployment is defined:
http://www.bls.gov/opub/hom/homch1_c.htm
Not true. Someone is counted as “unemployed” if they have tried to find work in the last week and couldn’t.
Whether they are receving benefits or not has nothing to do with it.
It will be another 1000 point slide taking trillions out of the economy. You need at least 200k-250k just to break even. Last month we "created" 35k and the rate fell .4%? NO WAY! Now we still have an anemic number and it goes down again? Blatant lie!
When Obama is showing 7% and the real rate is 11%, does he think no one will know?
how many jobs have to be added per month to keep up with the growth of population?
I don't follow the market but it seems to me that it is divorced from the real economy and is built on money that seems to operate in its own sphere somehow. Is this an accurate observation?
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