Employment jumps in March, jobless rate falls (8.8%)

http://finance.yahoo.com ^ | 04-01-11 | By Lucia Mutikani

[paulycy]

La primaverite.................

Very good.

[ClearCase_guy]

Somewhat similarly, I believe the replacement rate due to population growth, etc. is 300,000 a month. Meaning, we need to create 300,000 jobs a month just to keep even. Well, we created 216,000 jobs in March, which caused unemployment to drop. Huh?

None of these numbers make sense to me. I think there is pretzel logic that allows people to come to happy conclusions, but to me all of this looks like BS.

[NOVACPA]

The headline unemployment rate has nothing really to do with actual job creation.

U3 as it’s known, is largely a modeled, surveyed and derived number and has been highly manipulated for several Presidencies now.

Use U6, it’s a better, truer indicator.

[amishman]

I’m sure all of those jobs were full time, high paying, benefit provided jobs. I’d sure like to find one of those.

OK, back to my part time, low paying, no benefits, just barely able to pay for my gas and taxes job.

[ladyvet]

Creative math again.

[Red Badger]

[amishman]

What’s going to happen though when gas prices go to 4.50 or 5.00 an hour along with continued food & energy inflation?

[P-Marlowe]

"All the evidence is pointing to a strengthening labor market," said Bill Cheney, chief economist at John Hancock Financial Services in Boston.

Remind me NOT to use John Hancock Financial Services.

[Friendofgeorge]

Yes it`s been April fools ever since Obama took over.

[Road Warrior ‘04]

Although this is somewhat good news, it appears to be a ruse! All the talking heads were expecting the rate to go up this month. Seems a lot of folks are no longer looking for work and are not considered in the percentage. IMHO, the rate is closer to 9.1.

[ThomasMore]

I call BS!

[The Sons of Liberty]

Figures courtesy of the 0bama regime: April Fool!

[Uncle Ike]

” I call BS! “

This is an old tactic - dangle something shiny in front of the Media to distract them from the multitude of ongoing disasters.....

[voicereason]

It will be interesting to see what numbers are reported when the next wave of college grads hits the workforce. Real problem is that many of them are practically illiterate.

[poobear]

The way they’re cooking these numbers the Bush Administration would have -10% unemployment!

8.8%? It ain’t happening people!

[TomGuy]

The key phrase from yesterday's job report:

claims in the prior week were revised up to 394,000 from an originally reported 382,000

No biggie. Just a 12,000 person error. [/s]

==

It is unbelievable the amount of massaging and manipulation that is going on with the job figures -- and the MSM aren't even taking notice.

FoxNews just reported this morning that joblessness percent among young people was in the upper-teens to low-twenties.

==

This thread from yesterday:

Gallup Finds U.S. Unemployment Rate at 10.0% in March (Forget what the govt. going to say it is.)

Thursday, March 31, 2011 5:42:33 PM · by Signalman · 4 replies
Gallup ^ | 3/31/2011 | Dennis Jacobe
PRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, was 10.0% in March -- down from 10.2% in mid-March and 10.3% at the end of February, but above the 9.8% at the end of January. U.S. unemployment was 10.4% at the end of March a year ago.>

[Unrepentant VN Vet]

“Happy Days Are Here Again”, sez the MSM and the libs.

RIIIIIIIIIIIIIIGHT......(walkin’ away, shakin’ my head and spittin’ on the ground)

[SouthTexas]

Good one!

[Thank You Rush]

“”March ended 9 hours ago...stats already?
what a crock...””

My thoughts exactly - good to see your post before I posted the same thing. When have they ever gotten figures out that fast? They couldn’t even have gathered numbers from employers that fast. Who is going to believe them anyway? Well, there is still an ignorant bunch of voters out there who will fall for anything!

[austingirl]

Fun with numbers!