Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Unemployment falls to 9.0 pct., only 36K new jobs (Presto)
AP ^ | 02/04/11 | Staff

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 ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: 0bama10; 0bama9; bs0bama; economy; pravda; unemployment
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 121-127 next last

1 posted on 02/04/2011 5:57:28 AM PST by nhwingut
[ Post Reply | Private Reply | View Replies]

To: nhwingut

I heard on the news yesterday that this month it’s 9.8%.


2 posted on 02/04/2011 5:58:41 AM PST by ViLaLuz (2 Chronicles 7:14)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

Well, I guess all is well then! *SPIT*

We need 600,000 PRIVATE SECTOR jobs per MONTH to drag us out of this. How STUPID do they think we are? (Very, obviously!)


3 posted on 02/04/2011 5:59:19 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

Im sorry; were 36000 jobs created, or were 36000 fewer jobs lost?


4 posted on 02/04/2011 6:00:32 AM PST by the invisib1e hand (talk to the hand)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut
Friday's report offered a conflicting picture on hiring. Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work. The department conducts a separate survey of businesses, which showed tepid job creation. The two surveys sometimes diverge.

So the Labor survey says half million people found jobs. But actual jobs created was only 36,000! Hey, let's go with the faux survey and drop the rate. LOL!
5 posted on 02/04/2011 6:00:38 AM PST by nhwingut (Palin/Bachmann '12)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

Was this news unexpected?


6 posted on 02/04/2011 6:00:44 AM PST by GeorgiaDawg32 (A well armed lamb will contest the vote)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

I’d say it’s the most creative numbers scheme I’d ever seen, but everyone knows it’s just an outright lie.


7 posted on 02/04/2011 6:01:01 AM PST by edpc (It's Kräusened)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

U-6 numbers show 16.1% of us are under/unemployed!

http://www.bls.gov/news.release/empsit.t15.htm


8 posted on 02/04/2011 6:02:01 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

Wrong, they do an even better job with CPI numbers.


9 posted on 02/04/2011 6:03:08 AM PST by MiltonFriedmanFan
[ Post Reply | Private Reply | To 7 | View Replies]

To: nhwingut

This just means that a hell of a lot of people gave up on looking for work. It’s pretty obvious.


10 posted on 02/04/2011 6:04:29 AM PST by TMA62 (Al Sharpton - The North Korea of race relations)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

Only 36,000 jobs should have seen the unemployment rate go up to about 9.8! Someone in the fudge dept screwed up and now its going to shine a brighter light.


11 posted on 02/04/2011 6:05:24 AM PST by nhwingut (Palin/Bachmann '12)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

Bill Hemmer on FoxNews just called the 9.0% number deceiving, because job creation is only at 36,000 for all of January.

Stuart Varney says that ‘fewer people are looking for work’ because the jobs just are not there. Those people are no longer counted.

==

The Admin is obviously juggling and fudging the numbers.


12 posted on 02/04/2011 6:06:22 AM PST by TomGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

If that number were anywhere near believed, the only number that actually counts, the DJI, would be up 1000 points pre market.

It is not.

Product of creative accounting 101. (.)bama needs good numbers so the dems can say: how can you cut the budget, things are just beginning to work!


13 posted on 02/04/2011 6:09:03 AM PST by Mouton
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

Figures don’t lie, but liars can figure.


14 posted on 02/04/2011 6:11:43 AM PST by popdonnelly (If Obama improves education, who'll vote for him?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TomGuy

Varney stated deep in the report 300,000 gave up looking for work thus the lower unemployment rate.

This report from the gov’t is bogus big time.


15 posted on 02/04/2011 6:11:48 AM PST by Clyde5445 (If you truly support Sarah Palin and want to be on her busy ping list, let me know!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: ViLaLuz

That was the gallop survey number. It is likely more accurate because the government numbers only factor those on unemployment I think. Many people get booted off the roles after so much and essentially quit looking for employment and don’t factor into the 9.0 percent as I understand it.


16 posted on 02/04/2011 6:12:23 AM PST by commonguymd (Freedom is a myth anymore it seems)
[ Post Reply | Private Reply | To 2 | View Replies]

To: nhwingut

accounting books the mob would be proud of producing themselves.


17 posted on 02/04/2011 6:15:25 AM PST by sunmars
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut
So the Labor survey says half million people found jobs. But actual jobs created was only 36,000! Hey, let's go with the faux survey and drop the rate. LOL!

Actually, do not laugh, this is great news for Conservative thinking. Why? glad you asked.

Over the last 9 -12 months, economists have known that about 1 million (good) jobs were available, but employers could not fill them. Economists opined and gave several reasons, such as:

1.) Upper Middle aged unemployed that are unwilling to relocate

2.) Social ineptness of young college grads making them unhireable

3.) White collar worker that have fallen technologically behind

But the most controversial reason was that people choose to be unemployed and collect unemployment benefits. The support for this argument was that every time benefits expired, hiring picked-up. I suspect 1/2 million people got Jesus since benefits are running out and a new Congress is in town. Conservative thinking wins again- take away socialism and people get to work.

18 posted on 02/04/2011 6:17:31 AM PST by 11th Commandment (http://www.thirty-thousand.org/)
[ Post Reply | Private Reply | To 5 | View Replies]

To: ViLaLuz
I heard on the news yesterday that this month it’s 9.8%.

I read that yesterday too, I wonder what happened to that number?

19 posted on 02/04/2011 6:18:00 AM PST by ladyvet ( I would rather have Incitatus then the asses that are in congress today.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Clyde5445

Correction not 300,000 left work force IT more like 504,000.

http://www.zerohedge.com/article/nfp-36000-huge-miss-146000-expectations-9-unemployment


20 posted on 02/04/2011 6:20:20 AM PST by Clyde5445 (If you truly support Sarah Palin and want to be on her busy ping list, let me know!)
[ Post Reply | Private Reply | To 15 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 121-127 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson