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 ...
why do they not count those with no jobs who have no unemployment, I bet if Bush was in the biased corrupted media would mention it.
If it’s really 9% it’s only because a million or so dropped off the rolls due the expiration of their benefits. Not because they found work.
Yeah,right!!! Like we are going to get the truth from this regime and their hand puppets in the lame stream.
“Analysts” blame the anemic hiring numbers (36K) on the weather, yet CANADA — with 10% of our population — generated 69K+.
The “it’s-the-weather’s-fault” line isn’t holding water this time.
we lost more jobs than created but the unemployment figures go down.
Only our biased media could clock this up to being good when obama is in and yet if Bush was in the corrupt media would be having a field day wit the real numbers
I full expect the GOP to be out in a few minutes telling the public what the real figures are and get out there before this admin spins it again .
oh wait we’re talking GOP, OK forget it they won’t do that, we just like ot react and play on the defense
Im sorry; were 36000 jobs created, or were 36000 fewer jobs lost?
It will not take long under this scenario, for the economy to crash hard and fast.
On one hand, we have all these “underemployed” making substandard wages with no chance for a raise and few benefits, unable to save for bad times. (And probably don’t during good times either.)
As inflation kicks in, (A guarantee) energy costs double, food and cost of living doubles, small employers have to start laying off to pay the higher cost to operate a business. Many business will just close or go bankrupt.
Consumer spending really tanks rapidly this time. Record numbers of people will become unemployed, Government now is paying double for Food Stamps, the Unemployed get their full 98 week draw all over again, government operating costs will double, the National Debt will go over 20 Trillion.
The idiots at the Fed and the Treasury Dept. will keep on printing worthless cash and buying it’s own debt. (Loaning money to itself) The right pocket (The Treasury) owes the left pocket (The Federal Reserve) 5 trillion Dollars, so the right pocket prints another 5 Trillion in cash to pay back the money it owes the Left pocket.
All of this is because they no longer can or will borrow from other countries. The result will be even more runaway inflation. Or better said, Hyper inflation.
Thanks to this incompetent and dangerous combination of idiots now in charge of our economy, there is no longer such a thing as a “recovery”! But even worse, very few people know or care about just how much trouble we are actually in!
9.) pct? I call BS....how many long term unemployed dropped off the rolls this month because they stopped looking for jobs?
Nothing more than phoney BS numbers manipulations that DO NOT reflect the real unemployment numbers in this country, which are 17+ pct....idiot number crusnchers me’thinks. =.=
So, who's contacting all these unemployed people to find out if they've stopped looking for jobs?
I went to the DOL's website once to see how they calculate this number. Here it is, all scientific and stuff:
Let’s hear it for the funniest post o’ the day! :)
9% my ass.
Sorry. I didn’t study 0bama’s sort of math. You add 36,000 jobs in an economy of 150 million and unemployment goes from 9.6% or 9.4% or whatever bogus number they were using before to 9.0%. Amazing. What are they investing in, cause I want the same kind of returns.
Wow, the magic man has come through. I mean, you have to believe the numbers...look at all the things he’s doing to create jobs...growing government...that’s how to get a country back on track. 733 exceptions to Obamacare granted to union thug groups, 103 drilling permits denied even though he said he opened up off shore drilling; even a dem congress critter in Alaska is angry because of Obama’s administration is dragging their feet on drilling in one area of Alaska.
Jobs o’ plenty! Whoo hoo!
Let’s see, if the denominator shrinks because of fewer actually looking...like, committing suicide, giving up and living as a hobo...I guess the math does work! What a plan!
“Varney stated deep in the report 300,000 gave up looking for work thus the lower unemployment rate.”
So if 100% of workers gave up looking, then we’d have 0% unemployment?
Lies, damn lies and statistics......
Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work.
So they just DETERMINED it to be so. Like the liberal Congress was going to "DEEM" the bill to be passed...
What a crock. They "determined" something to be so, but the survey of businesses finds differently. What a load of $#!+
I was thinking the same thing. There is no earthly way that you can have only 36,000 new jobs and have the unemployment rate fall to 9.0 percent. The less people in the pool seeking work, the better the unemployment numbers seem.
Question: Do those who are no longer eligible for unemployment benefits or seeking assistance get figured into the unemployment number?
We should be thankfor the leadership of the Chosen One. Under his leadership, unemployment goes down even no jobs created. It’s a Miracle!
Does not compute.
By George, you've got it!