Posted on 04/01/2011 5:55:26 AM PDT by Red Badger
WASHINGTON (Reuters) - U.S. employment recorded a second straight month of solid gains in March and the jobless rate fell to a two-year low of 8.8 percent, marking a decisive shift in the labor market that should help to underpin the economic recovery.
Nonfarm payrolls rose 216,000 last month, the largest increase since May, the Labor Department said on Friday. January and February employment figures were revised to show 7,000 more jobs than previously reported.
The strong job gains come amid indications the economy suffered a minor setback early in the year as bad weather and rising energy prices dampened activity.
"All the evidence is pointing to a strengthening labor market," said Bill Cheney, chief economist at John Hancock Financial Services in Boston.
While the report indicated sufficient underlying strength in the economy to cushion it against the impact of high energy prices, it was not strong enough to discourage the Federal Reserve from its ultra-easy monetary policies.
Policymakers at the U.S. central bank are, however, debating whether they should start considering withdrawing some of their massive economic stimulus.
The private sector accounted for all the new jobs in March, adding 230,000 positions after February's 240,000 increase. Government employment fell 14,000, declining for a fifth straight month as local governments let go 15,000 workers.
(Excerpt) Read more at finance.yahoo.com ...
Jobs report rosy
Inflation low.
Truth lost
They better be careful with their propaganda.
Those sitting on the sidelines (who are currently not counted) may see some hope and enter job-seeking market, sending the unemployment rate soaring.
I wouldn't be surprised if the government number (including state and local) is a negative one or at worst even.
January, 2004: Unemployment drops to 5.7%
I love reading jobs reports from the good old days.
Does anyone with at least one semi-functioning brain cell believe these unemployment numbers? The irony is that they are announced on April Fools day. nobama...the gift that keeps on taking. Shouldn’t the whole nobama administration me in Leavenworth prison???????
Consumer spending will rise!
Recovery!
Shrinking work force...
My wife works with 2 people whose husbands are still looking for work for at least an over year.. If the numbers are still going down if gas reaches 4.00 then something stinks.
I don't watch t.v. news, read or buy newspapers, and when listening to the radio, when a newscast comes on, I turn off the radio until it is over.
That's for sure. If you have given up looking for work, you are no longer unemployed in this bizarre and meaningless statistic.
The fed and abc reported this morning... 8.9% unemployment... we know that even that is a lie but this 8.8% lie is a huge lie.
LLS
I have a copy of this book from 1949 era. It is still in print today and is considered a classic.........
B.O......................
“One reason for the lower unemployment rate is that many people who stopped looking for a job during the recession still aren’t looking for one. So they’re not counted as unemployed. The proportion of people who either have a job or are looking for one is surprisingly low for this stage of the recovery.
If many of them start looking for work again, they will be counted as unemployed. So the unemployment rate could go up, even if the economy adds jobs.”
http://news.yahoo.com/s/ap/20110401/ap_on_bi_go_ec_fi/us_economy
Wall Street is not very excited by the numbers from Obama’s Dept of Fudge.
The bigger the lie, the easier it is to make someone believe..........
Not in government...............
Uh-huh.
They don';t have to be distracted. It's not as though they were actively researching and analysing and seeking out the truth. The media is the propoganda arm of the democrat party. Plain and simple. The democrats lie and the media swears to it.
Many people are retiring.
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