Skip to comments.Unemployment falls to 9.0 pct., only 36K new jobs (Presto)
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 ...
I heard on the news yesterday that this month it’s 9.8%.
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!)
Im sorry; were 36000 jobs created, or were 36000 fewer jobs lost?
Was this news unexpected?
I’d say it’s the most creative numbers scheme I’d ever seen, but everyone knows it’s just an outright lie.
U-6 numbers show 16.1% of us are under/unemployed!
Wrong, they do an even better job with CPI numbers.
This just means that a hell of a lot of people gave up on looking for work. It’s pretty obvious.
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.
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.
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!
Figures don’t lie, but liars can figure.
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.
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.
accounting books the mob would be proud of producing themselves.
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.
I read that yesterday too, I wonder what happened to that number?
Correction not 300,000 left work force IT more like 504,000.