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 ...
The 9.8% came from a Gallup survey. I guess you have to decide who you distrust less: Gallup or the feds.
What a choice!
Correct - this 9.0 percent number is a JOKE
Correct - this 9.0 percent number is a JOKE
Some people say the +36k jobs figure is not very reliable because of bad weather. I think it would be better to wait one month, to avoid sharp corrections. In Europe, unemployment data are released 30 or 40 days later (january figures in march)
Agreed, with this comment!
This post was not directed at me, PSYCHO-FREEP, I pray nhwingut will not mind my jumping in here.
It's a mess and so out of control, there will be no way to fix it.
okay, maybe, yet I prefer to believe in the American people and America. Maybe, where there is a will, there is a way? PSYCHO-FREEP, I love you! Is there any word, haven't been back to thread, on how many of our people are still in Egypt? Do you or does anyone else have any numbers?
If these numbers were true the Dow would be up over a thousand.
As I type this the Dow is up one and change.
People are losing their homes at record rates, and yet we are supposed to believe they all have the capital to start their own businesses.
It feels like I am living in an Orwell novel.
That's a good idea. I'll try it. Thanks.
The Obamanian-led DEms & America-haters are on a mission.
To destroy this nation and remake it into a caliphate with a swastika and crescent flag.
You got that right. I absolutely expected this, once Congress “failed” to extend unemployment benefits.
Amazing that u-6leaped so much....but mores in that there is nary a peep about it from the “experts”.
That was from Gallup, but what do they know.
This is from THE REGIME!
ALL HAIL THE DEAR READER!
This report from the gov’t is bogus big time.
Yup. Those who gave up looking for work or exhausted their unemployment bennies aren't counted.
My Sis works on the Street - she says that her firm discounts ALL unemployment figures between November and March. All figures are skewed at this time due to part-time holiday hiring [and then layoffs in January].
She sez the first reliable figures will come in about March 1.
But at least there is no inflation!
Why would a net increase cause the unemployment rate to rise
?!?
Yep... 1984 to a tee.
LLS
They lie.
Real unemployment is ~19-20%.
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