Posted on 02/05/2010 5:47:16 AM PST by central_va
WASHINGTON (AP) -- The unemployment rate dropped unexpectedly in January to 9.7 percent from 10 percent while employers shed 20,000 jobs.
The Labor Department says the rate dropped because a survey of households found the number of employed Americans rose by 541,000. The job losses are calculated from a separate survey of employers.
The report also included an annual revision to the estimates of total payrolls, which showed there were 930,000 fewer jobs last March than previously estimated. The department also revised down its estimates for April through October of last year, adding another 433,000 job losses.
November was revised up, however, to show a gain of 64,000 jobs.
All told, the department says the Great Recession has eliminated 8.4 million jobs. That's the most of any recession since World War II as a proportion of total payrolls.
(Excerpt) Read more at finance.yahoo.com ...
These reports make absolutly no sense.
Where is the misery index?
Agree...
Smoke and mirrors. When you cannot believe the data provided by government, Orwell’s 1984 is just around the corner.
>>These reports make absolutly no sense.<<
Desperate teenagers, when caught with drugs, will say stuff like, “I was holding it for a friend.” You can tell a teenager is lying when their explanations make no sense.
The government has gotten to that point.
It appears the books are being kept by the IPCC to insure a high level of accuracy.
Utter BS, this is statistics USSR style. "Grain Harvest Sets Record!" in the middle of a famine.
They just move the goalposts, and redefine "unemployment."
Welcome to the USSA, comrades, where jobs drop, and so does the "official" unmemployment rate.
Utter BS, this is statistics USSR style. "Grain Harvest Sets Record!" in the middle of a famine.
They just move the goalposts, and redefine "unemployment."
Welcome to the USSA, comrades, where jobs drop, and so does the "official" unmemployment rate.
Don’t worry, it will be revised next Thursday. Oh, we made a mistake with the calculations.
I think 90% of the economic numbers we’re seeing are coming from the Climate Research Unit at East Anglia University.
Don’t worry, it will be revised next Thursday. Oh, we made a mistake with the calculations.
Sounds like a bunch of people simply gave up on finding a job.Or do they stop counting people when their unemployment benefits run out?
When you consider that they’re coming from the administration that gave 95% of us a tax cut, saved 100,000,000 jobs and reversed the rising sea levels by staring down the ocean, it all makes perfect sense.
Right you are. When unemployment was just 5% during the Bush years, Ms. Pelosi, every month was intoning this mantra: “Where the jobs, Mr. President?”
Now we get a report saying that unemployment unexpectedly drops to 9.7%, and many folks are joyous.
We are a very, very long way from getting out of the woods.
Bogus #’s.....Obama will be spinning this today
Right you are. When unemployment was just 5% during the Bush years, Ms. Pelosi, every month was intoning this mantra: “Where the jobs, Mr. President?”
Now we get a report saying that unemployment unexpectedly drops to 9.7%, and many folks are joyous.
We are a very, very long way from getting out of the woods.
For the Leftists there’s a bit of a twist to an old cliche that goes something to the effect of “When the going gets tough, the tough cook the numbers”.
Seems apparent in almost everything they do. The Left is based in lies, to themselves first, then..........
WTH? They did a survey?
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