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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
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To: nhwingut

2012 campaign has started..... cooking the books steps up.


81 posted on 02/04/2011 7:48:10 AM PST by mojitojoe (In itÂ’s 1400 years of existence, Islam has 2 main accomplishments, psychotic violence and goat curr)
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To: LowTaxesEqualsProsperity

Indeed. Who is one to believe? The government or their own lying eyes?


82 posted on 02/04/2011 7:50:56 AM PST by Red in Blue PA (Planning on using 911? Google "Brittany Zimmerman")
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To: nhwingut

Ay yes!....the government spin is awesome!


83 posted on 02/04/2011 7:54:11 AM PST by AngelesCrestHighway
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To: semantic
Yes, both Republicans and Democrats play the same game but just differ on hiw they cover it up and postpone the inevitable.

If you consume more than you produce (trade balance), and considence the use of finite resources as "production" (fossil-fuel "production" is really "fossil-fuel use"), then you have to reach an end-point eventually.

84 posted on 02/04/2011 7:55:42 AM PST by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: 11th Commandment

The real structural problem is that we don’t really have a productive economy like we once did. Strip malls full of nail salons and storefront “financial services” does not make for a productive economy.

In the words of our dear leader, we need to “start making stuff,” although he is totally clueless on how that actually happens in the real world.

It all starts with energy and mining; if we don’t have cheap abundant energy, and don’t start digging up stuff to make other stuff out of it, we are just wasting our time.

Go to the nail salon on your way to the financial advisor. Yipee...we’re all rich....


85 posted on 02/04/2011 7:59:59 AM PST by henkster (Before we make any more "investments" we ought to be shown the prospectus.)
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To: 11th Commandment
The support for this argument was that every time benefits expired, hiring picked-up.

Something that was shot down by later studies, which demonstrated that the supposed effect was an artifact of the datasets, dates, smoothing algorithms, and other social program availability. The studies using more robust methodology have found little of that effect (it is there, but tiny).

86 posted on 02/04/2011 8:01:46 AM PST by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: nhwingut

“Unemployment fell because the Labor Department’s household survey determined that more than a half-million people without jobs found work.”

Yea Right! The Labor Dept just magically found a half-million people working?
This don’t pass the smell test.


87 posted on 02/04/2011 8:04:07 AM PST by tobyhill
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To: nhwingut

Home + Economics, Aka. Book Cooking 101....


88 posted on 02/04/2011 8:07:48 AM PST by GraceG
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To: nhwingut

Gobbells and Molotov would be proud of the Zero Administration and its enablers from the media and business.


89 posted on 02/04/2011 8:14:37 AM PST by Lessthantolerant (The State is diametrically opposed to our search for a better living.)
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To: nhwingut

” This officially sucks. On a month-by-month basis the number of actual employed people dropped by more than 1.5 million! That’s a huge decrease and what’s worse, the trend is awful, being unbroken now since the first of last year.” Karl Denninger

http://market-ticker.org/


90 posted on 02/04/2011 8:21:55 AM PST by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: commonguymd

No - the govt doesn’t use the UI rolls. I think they do a survey.


91 posted on 02/04/2011 8:26:03 AM PST by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: nhwingut

Sounds like one of those WTF moments “The Won” was talking about!


92 posted on 02/04/2011 8:39:46 AM PST by liberateUS
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To: nhwingut

Either some one failed grade school math, or the article is poorly written.


93 posted on 02/04/2011 8:42:02 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: nhwingut

10% is the benchmark set by the administration. Like one trillion was the magic number with the health care bill.

No amount of reality will bring that number above 10% under Obama.


94 posted on 02/04/2011 8:45:45 AM PST by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: no-to-illegals

Sorry for the late response, There is only one way left to fix this, that would be for it to collapse and rebuild it.

As far as the ME situation, it is quiet in front of the cameras, but still high potential for the SHTF scenario. Still watching closely......


95 posted on 02/04/2011 8:46:23 AM PST by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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To: Mama Shawna

Don’t the unemployment benefits go down as time passes?

BTW, good luck to your hubby on finding work!


96 posted on 02/04/2011 9:05:25 AM PST by CottonBall
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To: kindred
Based on those numbers add 400,000 jobs and we will have a negative unemployment number. Headline Obama policy leads to -1.5 unemplyment. So what if 4 million plus still can't find work.
97 posted on 02/04/2011 9:20:14 AM PST by Foolsgold (L I B Lacking in Brains)
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To: edpc
"...I’d say it’s the most creative numbers scheme I’d ever seen..."

I have to reserve that for the regime's Obamacare financial justification to the Budget Office.

98 posted on 02/04/2011 9:37:11 AM PST by rlmorel ("If this doesn't light your fire, Men, the pilot light's out!"...Coach Ed Bolin)
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To: nhwingut

What about the ones that have given up? Are they counted?
It is to the point that there was a HVAC Tech job opening and 1500 applied, 4 were called in to work for free or very little FIVE FREAKING DOLLARS cash an hour because they are all on unemployment and after a few weeks of riding around in a company van working then the employer would ‘pick the right candidate’.This job normally starts at $20 an hour for a seasoned senior technician.


99 posted on 02/04/2011 9:47:47 AM PST by Dubya-M-DeesWent2SyriaStupid! (Obama:If They Bring a Knife to the Fight, We Bring a Gun (the REAL Arizona instigator))
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To: The Comedian

Man, the BS is flying today, isn’t it?


100 posted on 02/04/2011 9:54:07 AM PST by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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