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Employment Situation Summary: Employment +227K, Unemployment unchanged at 8.3%
Bureau of Labor Statistics ^ | March 9, 2012 | Staff

Posted on 03/09/2012 5:44:29 AM PST by C19fan

Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and businesses services, health care and social assistance, leisure and hospitality, manufacturing, and mining.

(Excerpt) Read more at bls.gov ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: economy; employment; obamanomics; recovery; unemployment; unexpected
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Romney's main argument for being POTUS is losing steam.
1 posted on 03/09/2012 5:44:33 AM PST by C19fan
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To: C19fan
45K are temp jobs, and 91k are from a statistical fudge errrr correction factor.

Bullish!

2 posted on 03/09/2012 5:49:27 AM PST by Jack of all Trades (Hold your face to the light, even though for the moment you do not see.)
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To: C19fan

It is. The whole GOP economic argument for unseating Obama is losing steam as well. Not that these numbers are true or accurate, but they’re solidfying the narrative that Obamunism is the light.


3 posted on 03/09/2012 5:50:10 AM PST by ScottinVA (GOP, meet Courage... Courage, meet GOP.)
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To: C19fan

You can’t spell “BLS” without “BS.”


4 posted on 03/09/2012 5:57:03 AM PST by matt1234 (Bring back the HUAC.)
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To: ScottinVA
Gas prices will cut GNP by .5% for every rise in oil by 10 dollar a barrell.

Just like Joe Biden's summer of recovery.

5 posted on 03/09/2012 5:58:09 AM PST by scooby321
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To: ScottinVA

Just wait till around September. The economy will be EXPLODING and the rate will said to be at 6.9%

Mark my word.


6 posted on 03/09/2012 6:02:33 AM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: scooby321

Just once...is there any department in this administration that can tell the truth? These numbers will be adjusted down the road to minimize their impact, ad nauseum.


7 posted on 03/09/2012 6:03:37 AM PST by ibytoohi
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To: C19fan

How can this possibly be reconciled with the Gallup figures?


8 posted on 03/09/2012 6:04:38 AM PST by traderrob6
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To: C19fan

Had to chuckle watching Chris Wallace on F&F touting the report as good news for Obama, yada yada yada.

Then, Eric Bolling pointed out that the report showed a lack of jobs created in construction and manufacturing, while most of the ‘new’ jobs were in services [as in hamburger flippers and other low pay, entry level type jobs].

==

Stuart Varney talking about this being a ‘modest’ recovery. Not a good rate at this stage of the recovery. Record higest deficit ever — meaning that the debt ceiling will probably have to be raised by the end of the year.

==

[Bolling pointed out that zero jobs were created in construction industry. So much for all those infrastructure, shovel ready, and similar jobs the $Trillions of dollars in new debt were supposed to create.]


9 posted on 03/09/2012 6:05:09 AM PST by TomGuy
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To: ScottinVA
“The whole GOP economic argument for unseating Obama is losing steam as well”

Since Repub Politicians are dumb you are probably correct. Though a smart Politician would point out the 10 foot list of job killing policies / regulations the Kenyan has pushed through. The reoccurring theme should be “The economy is slowly recovering in spite of Obama, not because of him”

10 posted on 03/09/2012 6:05:55 AM PST by DAC21
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To: unixfox

Of course they will..especially if the Fed times the QE3 to goose things for the loser-in-chief. I still believe the market makers/hedgies timed the tanking of the market just in time to get him elected. Now that he’s pissed them off, it may go the other way...but ther are a lot of bs’ers on his side with the media..and Treasury. He stll has a lot of tools at his disposal to sway the dense voters.


11 posted on 03/09/2012 6:13:39 AM PST by SueRae (Tale of 2 Towers - First, Isengaard (GOP-e), then, the Tower of Sauron on 11.06.2012)
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To: unixfox
Just wait till around September. The economy will be EXPLODING and the rate will said to be at 6.9%

I have been saying that for months. And it isn't that far-fetched. They can just manipulate the numbers down 0.2 to 0.4 per month and they will be within reach of the magic 6.9%.

All they need is a compliant BLS to manipulate the numbers and a compliant MSM to report the good news.

And, if they can keep the real inflation numbers seemingly under control*, they can avoid the trifecta Carter was hit with: Joblessness, economic disaster, and inflation.

--

*There has already be so much product shrinkage that stores have had to purchase new shopping carts with narrower slats to keep the shrunk products from falling through onto the floors. :)
12 posted on 03/09/2012 6:13:46 AM PST by TomGuy
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To: TomGuy
All they need is a compliant BLS to manipulate the numbers and a compliant MSM to report the good news.

Check & check! They already have both!

13 posted on 03/09/2012 6:24:06 AM PST by Road Warrior 04 (I miss President Bush! 2012 - The End Of An Error! (Oathkeeper))
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To: C19fan

Why is that? These numbers are not good, I know mr obama is graded on a curve but not this curved


14 posted on 03/09/2012 6:24:12 AM PST by italianquaker ( Mr Obama inherited an AAA rating and made it AA, thnx Resident Zero)
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To: TomGuy

You need to be careful with the word, “real.” Shrinking a package’s size is one way a producer can hide a price increase, but the BLS still counts it as inflation.


15 posted on 03/09/2012 6:24:17 AM PST by 1rudeboy
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To: unixfox
"Just wait till around September. The economy will be EXPLODING and the rate will said to be at 6.9%

Mark my word."

You are correct. Control the media and the government information releases and you control the message. The Ministry of Truth is in charge.

16 posted on 03/09/2012 6:28:32 AM PST by Truth29
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To: C19fan

So they are manipulating the numbers and having the msm repeat the lie. Did anyone expect anything less on any front? But here is the thing. You think that the 19.1% underemployed is going to watch Wallace or Matthews or whoever and say “screw reality, everything is just fine because the media says so!!!”. Stories don’t pay the bills.

Blue smoke and mirrors. Telling Americans who have it bad that they don’t ain’t gonna fly.


17 posted on 03/09/2012 6:37:10 AM PST by FlipWilson
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To: FlipWilson

But where will they assign the blame? Obama, Congress, the Republicans, oil companies, bankers, sunspots...that’s what concerns me.

Far too many people alive today would rather bring the world crashing down around them than admit they were wrong.


18 posted on 03/09/2012 6:49:44 AM PST by M1903A1 ("We shed all that is good and virtuous for that which is shoddy and sleazy... and call it progress")
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To: traderrob6
YOU AVSK TOO MANY QVUESTIONSSS! TAKE HIM AWVAY!


19 posted on 03/09/2012 6:50:21 AM PST by bolobaby
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To: 1rudeboy
I know mr obama is graded on a curve but not this curved...

Are you sure? They can get pretty darn curvy!

Consider that last month the total workers engaged in working declined by... 1,200,000 workers. If that ain't a curvy curve, I don't know what is [is]!

20 posted on 03/09/2012 6:51:55 AM PST by C210N
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