Skip to comments.U.S. economy generates 227,000 jobs in February
Posted on 03/09/2012 5:41:40 AM PST by John W
WASHINGTON (MarketWatch) - The U.S. economy added 227,000 jobs in February while hiring in January and December was revised up by a combined 61,000, the Labor Department reported Friday. The unemployment rate remained at 8.3%, largely because more people entered the workforce in search of jobs. Economists surveyed by MarketWatch had forecast the U.S. would add 213,000 jobs last month, with the jobless rate holding steady at 8.3%.
(Excerpt) Read more at marketwatch.com ...
What a bunch of BS.
I can tell you where the uptick is coming from - states getting their act together and getting it done despite our pathetic leadership from the White House.
I guess the administration must have thought if would look too fishy if they made the rate drop again after Gallup came out yesterday with their independent analysis that demonstrated the rate actually jumped to 9.1%. So they decided to stand pat for a month...
March will be much different. Bank on it.
The gas price shock hadn’t set in fully. Most hires are planned in advance. Feb hires were approved in Dec/Jan.
No one will be hiring this month. Meanwhile job seekers are back, being counted in the labor force, searching for work.
Next month unemployment will jump up. And jobs will be scarce.
Gallop pisses me off. They said it was going to be 9 percent and here we are again at 8.3. What is this gallop anyway? Is it a poll?
LOL. Hilarity ensues.
The best cooks that this administration hires won’t be found in the kitchen.
Gallup does a survey of 27.5K in the employment sector, and the BLS surveys 100K. The numbers of surveyed are different, but the methodologies are similar.
EXCEPT... the BLS applies the special-sauce” treatment of “seasonal adjustment.”
More longterm unemployed soaking up these jobs?
“Gallop pisses me off. They said it was going to be 9 percent”
Gallup got its 9% from its own poll, not the gov’t numbers.
These numbers are about as believable as the gov’mint telling us there’s almost no inflation.
ain’t it great when you own all printed materials
These are just mediocre jobs. Not high paying jobs.
So what you are saying is that Gallop is an independent group with real people out in the trenches seeing what is going on and the other number is the government numbers that are taken from Washington DC with OBama at the helm. Got it. You both could not have explained it more clearly. Thank you.
Recovery for Wall $treet but not Main Street
It’s not about the unemployment rate, it’s about tax revenues and they’re down.
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