Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Unemployment falls to 9.0 pct., only 36K new jobs (Presto)
AP ^ | 02/04/11 | Staff

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 ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: 0bama10; 0bama9; bs0bama; economy; pravda; unemployment
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-127 next last
To: PogySailor
So if 100% of workers gave up looking, then we’d have 0% unemployment?

It's the marxist utopia: Nobody works and everybody has everything they want. Simple.

41 posted on 02/04/2011 6:52:47 AM PST by paulycy (Islamo-Marxism is Evil.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: b4its2late

They are either showeling snow (job) or can’t get to unemployment office, because they are lazy to dig out the car.
Anyone counting closed businesses???


42 posted on 02/04/2011 6:53:23 AM PST by Leo Carpathian (fffffFRrrreeeeepppeeee-ssed!)
[ Post Reply | Private Reply | To 39 | View Replies]

To: nhwingut

I think the “steep decline” to 9.0% reflects a very large chunk of folks who have simply left the market; given up on ever finding a job and not on the UI rolls.


43 posted on 02/04/2011 6:53:42 AM PST by Cletus.D.Yokel (Islam is a violent and tyrannical political ideology and has nothing to do with "religion".)
[ Post Reply | Private Reply | To 5 | View Replies]

To: MNGal
They don't say 600k people dropped off unemployment. They say a “survey” was conducted.

Surveys are funny things. You can use them to lie, or to support the truth. Surveys do not, however, provide hard empirical facts. If 600k people are not unemployed anymore, then they need to demonstrate that through the use of facts, not statistical samples.

44 posted on 02/04/2011 6:54:09 AM PST by js02 (the great con)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Clyde5445
Varney stated deep in the report 300,000 gave up looking for work thus the lower unemployment rate.

Yes, but if so, the U-6 number should go up... but it went down, also. So, I'm a bit confused on this. The economy clearly isn't great, but it's had a lot of stimulation.

45 posted on 02/04/2011 6:54:26 AM PST by Pearls Before Swine (/s, in case you need to ask)
[ Post Reply | Private Reply | To 15 | View Replies]

To: PSYCHO-FREEP; kabar
You have really come around - that was an excellent summary. I congratulate you on being one of the few FReepers who understands the big picture. Perhaps the only remaining hurdle is to abandon the left/right paradigm by focusing on the true orientation: the People vs the Criminals.

Just ask yourself "What would T Jefferson do?" I believe he would rightly put aside such political issues that typically divide us, and save his moral outrage at what has become of this country. The criminals who masquerade as partisans just laugh to themselves at the stupidity of Americans who keep allowing them to rape & pillage at will.

They don't give a sh!t if it the state spends funds on welfare or warfare, as long as the bankers get to loan phantom money, with interest, payable by unborn generations' taxed earnings.

46 posted on 02/04/2011 6:57:00 AM PST by semantic
[ Post Reply | Private Reply | To 27 | View Replies]

To: nhwingut
I think they must be using the same accounting team that they used calculating the “jobs saved” by the stimulus.
47 posted on 02/04/2011 6:57:38 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)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

The regime has decreed that unemployment will decline, but the regime’s policies are destroying jobs. The only alternative left for this regime is to fudge the numbers. Welcome to the Banana Republic formerly known as the USA.


48 posted on 02/04/2011 6:58:33 AM PST by socialism_stinX (Why did California go bankrupt?...because of unfunded mandates, medicaid, and illegal immigration.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: nhwingut

When the protests began in Egypt, I heard numerous reports in the American news media that the Egyptians were rioting over their dismal economy and unemployment. I searched for current Egyptian unemployment numbers and found figures of 10 percent unemploymernt and up to 25 percent unemployment for Egyptian youth. Aren’t those numbers approximately the same as ours?

After the first day or so, I didn’t hear any more news reports that the Egyptians were protesting their economy. The media switched to the rights of expression and assembly, as well as the right to internet access as the reason for the protests.

The Obama supporting media obviously figured out that they couldn’t report overthrowing Mubarek for economic reasons lest they suggest that Obama is also an economic failure.


49 posted on 02/04/2011 6:59:43 AM PST by Padams
[ Post Reply | Private Reply | To 1 | View Replies]

To: socialism_stinX
Welcome to the Banana Republic formerly known as the USA

Yes, aka the BadCrock O'Bananas Republic (just absent the bananas and the Republic portions).

.

50 posted on 02/04/2011 7:03:57 AM PST by repentant_pundit ("Summer of Recovery" became "The Fall of Prosperity")
[ Post Reply | Private Reply | To 48 | View Replies]

To: 11th Commandment

You got that right. My hubby had a job interview this past Tuesday, and the gal interviewing him said one of the biggest things they’ve come up against are guys who are on unemployment who are weighing the benefits of unemployment for another year, or working. Guess what most of them choose. We don’t have that luxury, being self employed for the last 10+ years, we don’t get unemployment!


51 posted on 02/04/2011 7:04:22 AM PST by Mama Shawna
[ Post Reply | Private Reply | To 18 | View Replies]

To: nhwingut
Coupled with zero inflation, Happy Times are here again!!!

I'd post more, but I hear the music from the Magic Unicorn going by, and the kids will all want to go out and pick up Skittles after it gets down the block...

52 posted on 02/04/2011 7:04:35 AM PST by kiryandil
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut
Fox News keeps trumpeting this uncritically like it's true and good news.

They have truly become useful idiots.


53 posted on 02/04/2011 7:05:29 AM PST by paulycy (Islamo-Marxism is Evil.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut

Just eliminate the corp tax and the income tax and like magic, there will be almost zero unemployemnt....dumb asses! They are too stupid and wicked to realize that!


54 posted on 02/04/2011 7:06:59 AM PST by fabian (" And a new day will dawn for those who stand long, and the forests will echo in laughter")
[ Post Reply | Private Reply | To 1 | View Replies]

To: socialism_stinX
What the MSM is NOT telling us is;

The number of people on Food Stamps has almost tripled, since MaObama dropped Clinton Era Welfare Reform, there are now three times the number of people signed up for Welfare “benefits”.

According to the latest Food Stamps program statistics, there are 150 Million people receiving food assistance cards.

J.P Morgan was awarded the contract to handle it and they are making Millions off of these Food Credit Card transactions.

This thing has escalated into a nightmare! It's a mess and so out of control, there will be no way to fix it.

55 posted on 02/04/2011 7:12:10 AM PST by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
[ Post Reply | Private Reply | To 48 | View Replies]

To: Pearls Before Swine
So, I'm a bit confused on this.

Check out this link. It will help explain the distortions in the numbers. http://www.zerohedge.com/article/nfp-36000-huge-miss-146000-expectations-9-unemployment

56 posted on 02/04/2011 7:12:39 AM PST by Clyde5445 (If you truly support Sarah Palin and want to be on her busy ping list, let me know!)
[ Post Reply | Private Reply | To 45 | View Replies]

To: nhwingut

2.5 million have run out of unemployment but the AP reports that they ALL are self employed now so our economy is zooming ahead.

LLS


57 posted on 02/04/2011 7:16:50 AM PST by LibLieSlayer (WOLVERINES!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nhwingut
Positively AMAZING how great things are going! Barack Obama and his admin are practically magicians with the way they have made the unemployment rate drop so precipitously this month; even while there are so few jobs being created.

I am stuned, I tell you, just stuned at his success getting us out of this depression!

/heavy, heavy sarc

58 posted on 02/04/2011 7:17:02 AM PST by onemiddleamerican (RIP Budge)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Clyde5445

I don´t understand this figure: 600k less unemployed people but only 36k jobs added (49k in manufacturing, which is great news). Does it mean that more than half million stopped to look for a job?


59 posted on 02/04/2011 7:17:48 AM PST by Euroconservative
[ Post Reply | Private Reply | To 56 | View Replies]

To: paulycy

switch to Fox Business Channel
they have a much more critical view


60 posted on 02/04/2011 7:17:55 AM PST by nascarnation
[ Post Reply | Private Reply | To 53 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-127 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson