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U.S. economy generates 227,000 jobs in February
marketwatch.com ^ | March 9, 2012 | Jeffry Bartash

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 ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS:

1 posted on 03/09/2012 5:41:43 AM PST by John W
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To: John W

What a bunch of BS.


2 posted on 03/09/2012 5:43:05 AM PST by woweeitsme
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To: John W

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.


3 posted on 03/09/2012 5:43:25 AM PST by Free Vulcan (Election 2012 - America stands or falls. No more excuses. Get involved.)
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To: John W
with the jobless rate holding steady at 8.3%

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...

4 posted on 03/09/2012 5:46:13 AM PST by apillar
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To: John W

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.


5 posted on 03/09/2012 5:48:04 AM PST by nhwingut (Sarah Palin 12... No One Else (Maybe Tim Thomas))
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To: John W

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?


6 posted on 03/09/2012 5:48:12 AM PST by napscoordinator (A moral principled Christian with character is the frontrunner! Congrats Santorum!)
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To: John W

LOL. Hilarity ensues.


7 posted on 03/09/2012 5:51:31 AM PST by SoFloFreeper
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To: napscoordinator

The best cooks that this administration hires won’t be found in the kitchen.


8 posted on 03/09/2012 5:52:20 AM PST by JPG (Hold on tight; rough road ahead.)
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To: napscoordinator

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.”


9 posted on 03/09/2012 5:53:33 AM PST by ScottinVA (GOP, meet Courage... Courage, meet GOP.)
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To: John W
Just over half of the increase occurred in temporary help services (+45,000).

http://www.zerohedge.com/news/nfp-prints-227k-expectations-210000-unemployment-rate-83

10 posted on 03/09/2012 5:55:41 AM PST by Doofer (Still, a man hears what he wants to hear and disregards the rest.)
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To: apillar

More longterm unemployed soaking up these jobs?


11 posted on 03/09/2012 5:57:48 AM PST by Tallguy (It's all 'Fun and Games' until somebody loses an eye!)
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To: napscoordinator
What is this gallop anyway? Is it a poll?

Gallup uses the same methodology as Obama's BLS. Except they don't spin and massage numbers.

Who you gonna believe, Gallup or Obama?
12 posted on 03/09/2012 5:59:00 AM PST by nhwingut (Sarah Palin 12... No One Else (Maybe Tim Thomas))
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To: napscoordinator

“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.


13 posted on 03/09/2012 6:03:35 AM PST by radioone
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To: John W

These numbers are about as believable as the gov’mint telling us there’s almost no inflation.


14 posted on 03/09/2012 6:04:03 AM PST by Sidebar Moderator
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To: John W

ain’t it great when you own all printed materials


15 posted on 03/09/2012 6:06:53 AM PST by SF_Redux (Sarah stands for accountablility and personal responsiblity, democrats can't live with that)
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To: woweeitsme
To use the same line the liberals use...

These are just mediocre jobs. Not high paying jobs.

16 posted on 03/09/2012 6:09:18 AM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: John W
"Recession is when your neighbor loses his job, depression is when you lose YOUR job, and RECOVERY is when Jimmy Carter Barack Insane 0bama loses HIS!!!"
~Ronald Reagan (updated for these woeful times)
17 posted on 03/09/2012 6:09:31 AM PST by mkjessup (Jimmy Carter is the Skidmark in the panties of American history, 0bama is the yellow stain in front!)
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To: radioone; nhwingut

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.


18 posted on 03/09/2012 6:10:07 AM PST by napscoordinator (A moral principled Christian with character is the frontrunner! Congrats Santorum!)
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To: unixfox

Recovery for Wall $treet but not Main Street


19 posted on 03/09/2012 6:10:44 AM PST by nascarnation
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To: John W

It’s not about the unemployment rate, it’s about tax revenues and they’re down.


20 posted on 03/09/2012 6:16:32 AM PST by Doofer (Still, a man hears what he wants to hear and disregards the rest.)
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To: Doofer

Still...


21 posted on 03/09/2012 6:18:48 AM PST by Doofer (Still, a man hears what he wants to hear and disregards the rest.)
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To: John W
U.S. economy generates 227,000 jobs in February

Where? In China?

22 posted on 03/09/2012 6:24:26 AM PST by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: John W

Bullsh!t!

LLS


23 posted on 03/09/2012 7:00:07 AM PST by LibLieSlayer (WOLVERINES!)
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To: napscoordinator
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.

Who said Gallup was in the "trenches." You made a snarky statement mocking "gallop" as a poll (sounding like an Obama shill). I simply stated that the BLS also uses a "poll."

Never in history has the Gallup poll been so much higher than the BLS number. And you think it's a conspiracy from the right against your boy Obama. LOL!
24 posted on 03/09/2012 7:02:42 AM PST by nhwingut (Sarah Palin 12... No One Else (Maybe Tim Thomas))
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To: nhwingut
Gallop is more accurate right? God why am I even trying to explain this to you. You definitely are not a mesa type that is for sure. I imagine as a child you rode the short bus. What a goof you are. An Obama shrill you say? Doubtful. I am for Santorum the moral candidate running. You are an embarrassment to Pennsylvania. Now go back and read the entire posts again and don't get back to me until you have a full understanding of what I said. DO IT NOW!!!!!!
25 posted on 03/09/2012 7:06:50 AM PST by napscoordinator (A moral principled Christian with character is the frontrunner! Congrats Santorum!)
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To: napscoordinator

You are a tool. I just read all your recent posts... You are an Obama shill. Your support for Santorum is nothing but a Colbert-like satirist attempt, i.e. Vote for Santorum, we need to stop the gays for freedom and stuff.


26 posted on 03/09/2012 7:49:02 AM PST by nhwingut (Sarah Palin 12... No One Else (Maybe Tim Thomas))
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To: woweeitsme

91k birth death - 45k temp jobs.

This is a total snow job.


27 posted on 03/09/2012 7:52:25 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: Doofer
Just over half of the increase occurred in temporary help services (+45,000).

That would be in the 19.1% underemployed Gallup posted.

28 posted on 03/09/2012 8:23:49 AM PST by pfflier
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To: woweeitsme; John W; All
The 227,000 is the seasonally adjusted number from table B-1.

The raw [not seasonally adjusted number] is [131,164,000 - 130,313,000] or +851,000. However the +851,000 is achieved through the magic of the Birth and Death model which adds in +851,000.

So ... a raw number of 0 jobs created, after the application of two tools [Birth and Death Model and Seasonal Adjustment] becomes +227,000.
29 posted on 03/09/2012 8:30:19 AM PST by khelus
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To: nhwingut; All

If you use non-seasonally adjusted numbers of the Household Survey, and take the BLS U-6 number [which includes under employed], then add back those not in the civilian labor force who want a job, you come close to Gallup’s 19.1% unemployment number.


30 posted on 03/09/2012 8:34:49 AM PST by khelus
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To: GlockThe Vote

Yup ... it’s amazing what definitions and statistical tools can do.

http://www.freerepublic.com/focus/news/2856762/posts?page=29#29

http://www.freerepublic.com/focus/news/2856762/posts?page=30#30


31 posted on 03/09/2012 8:37:54 AM PST by khelus
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To: nhwingut

Your very odd. Thank God you are to young to vote!


32 posted on 03/09/2012 10:07:43 AM PST by napscoordinator (A moral principled Christian with character is the frontrunner! Congrats Santorum!)
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To: woweeitsme; John W; All; GlockThe Vote

I owe you all an apology. I was in error. See Shedlocks description:

http://www.freerepublic.com/focus/news/2857210/posts?page=7


33 posted on 03/10/2012 7:36:45 AM PST by khelus
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