Posted on 03/04/2005 5:32:47 AM PST by Koblenz
Nonfarm payrolls rose 262,000 in Feb 05 vs expectations by Wall St of 225,000
For some reason it ticked up to 5.4%
The Democrats line..the sky is falling..the world is ending..life is terrible...
More people re-enter job market on belief that it is improving. They register at employment offices,etc. looking for work as they believe economy has done. Most always happens when economic recovering becomes evident.
there were no jobs "lost". the unemployment rate is a different survey taken. the unemployment rate is a survey taken for the amount of people in the work force, ie looking for a job. more people entered the workforce this past week then the previous month, thus the slightly higher unemployment number. this jobs gain is definitely encouraging.
I can vouch for the Democrats view. Just yesterday I went into Starbucks with my 90 year old grandma to purchase her usual venti caramel mocha latte and the price had gone up from $14.50 to $16.50 overnight. It is now to the point where my grandma must choose between her morning latte and her afternoon Odwalla organic vegetable juice!
That's not quite how it works. The job base grew.
RE #7. Should read "...believe economy has improved."
I have noticed that the democrats are still talking down the economy, even though its been producing jobs for full year now.
262,000 jobs were GAINED, but the labor participation rate went up. That means there is still a huge basklog of people who want in the job market, but were discouraged.
The number of people unemployed for more than 27 weeks - the amount of time Americans are entitled to Federal jobless benefits - was unchanged at 1.6m - a fifth of the total unemployed.
More evidence of jobless backlog waiting to get back in.
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