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February's jobs report only looks good because our expectations are so low
Fox News ^ | March 08, 2013 | John R. Lott Jr.

Posted on 03/08/2013 11:26:35 AM PST by richardb72

The new unemployment numbers released Friday look reasonable only because our expectations have are so low.

In February, the 236,000 new jobs added beat out the 166,000 increase in the working age population, but the labor force participation rate remains stuck at a level that is so low Americans haven't seen anything like it for decades. It simply isn't making a dent in the huge number of people who have simply given up looking for work.

Even this last month didn't really help. The number of unemployed Americans fell by about 300,000, but 99 percent of that drop can be explained by an increase in the number of people who are no longer in the labor force.

Millions of people have simply given up looking for work.

And they have good reason to be discouraged. Job growth has only grown by an anemic 2.5 percent during this recovery.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: economy; lott; obama; unemployment

1 posted on 03/08/2013 11:26:35 AM PST by richardb72
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To: richardb72

Only a good report if you think part yome jobs are superior to full time jobs.

http://confoundedinterest.wordpress.com/2013/03/08/paper-or-plastic-recovery-multiple-job-holders-increase-full-time-workers-decrease/


2 posted on 03/08/2013 11:30:45 AM PST by whitedog57
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To: richardb72

A ten percent decrease in unemployment benefits
across the scale would probably help a lot of things.


3 posted on 03/08/2013 11:35:45 AM PST by right way right (What's it gonna take? (guillotines?))
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To: richardb72

You can only be disappointed if you have high expectations. Therefore, keep your expectations low and you’ll seldom be disappointed. Working well for me. I always expect the radical left wing extremist demokkkrat scumbags to sink lower and lower and am rarely disappointed. They continue to live down to my expectations.


4 posted on 03/08/2013 11:37:03 AM PST by rktman (BACKGROUND CHECKS? YOU FIRST MR. PRESIDENT!(not that we'd get the truth!))
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To: richardb72

It doesn’t begin to touch people who have not been able to find jobs for the last two years.


5 posted on 03/08/2013 11:39:15 AM PST by freeangel ( (free speech is only good until someone else doesn't like it)
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To: richardb72

More garbage.


6 posted on 03/08/2013 12:03:24 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: richardb72

In February, the 236,000 new jobs added beat out the 166,000 increase in the working age population,

236000 jobs looks not so bad compared with Obamas economick history, but as most of them were part time, they probably had to hire 3 people for every 2 jobs or something like that, and obamacare is likely the reason. Now, Iread earlier this morning that in Canada the job growth was 50700
in the same period, and as the population in Canada is 10% of the US, the US growth should have been 570000 to equal the growth in Canada, just a perspective, but it tells a story


7 posted on 03/08/2013 12:14:08 PM PST by munin
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To: whitedog57
From that link, "But if we get down to the real nitty gritty of the numbers, you can see that full-time workers actually FELL while part-time workers ROSE."

And here's the link from BLS.

8 posted on 03/08/2013 4:04:45 PM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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