Skip to comments.Jobless rate drops to lowest in almost 3 years
Posted on 02/03/2012 6:04:18 AM PST by John W
The U.S. economy produced another solid month of job gains in January, offering a hopeful sign for hiring in the year ahead.
Employers added a net 243,000 jobs last month, the Labor Department reported Friday. Thats higher than December, when employers added a net 200,000 jobs, and it marked the seventh straight month in which at least 100,000 jobs were created. That hasn't happened since 2005.
The nations unemployment rate fell to 8.3 percent in January from 8.5 percent in the prior month. The unemployment rate has fallen for the past five months and is now at its lowest level in nearly three years.
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bwa ha ha ha ha ha ha ha ha!
Oh, my, the Obama worshipping media is really, really trying hard.
THAT is the key question, and one I'm sure BO is asking repeatedly.
He'll never lose the black vote to Republicans. However, if a large percentage of blacks didn't "Get Theirs", they may just say "why bother" and stay at home.
Yeah but this is still going to be a big boost for Barry. The media is going to push that 8.3 number, and few people will look deeper.
Barry just took a step towards 4 more years.
The challenge is convincing the sheeple of the truth. The truth can be a harsh medicine, unlike the sugary MSM tripe they prefer.
It doesn't have to. American voters generally don't dig deep enough into the facts to develop an informed judgment. The truth only confuses them.
I've noticed a definite trend in reporting on the Facebook IPO --
NPR today covered "who is getting rich" and discussed some guy who was lucky enough to be a college roommate of someone else, or a guy who was lucky enough to be hired to spray-paint murals at Facebook HQ a few years ago. They had a list of "lucky" people who got paid in stock and who are now worth tens of millions of dollars.
Do you see? All the rich people in society are just lucky. It's not fair. I could be worth a billion dollars, you know, but the money didn't fall into my lap -- it fell into someone else's lap.
The media wants voters to be angry at the unfairness of our society. People like Romney? Like Trump? Why are they so special????
I've heard that coveting is wrong, but I don't think the media agrees.
This is really weird. When the unemployment rate was going up, Barry and the ‘RATS kept giving us excuses like, “It snowed a lot this month.”, “It rained a lot this month.” and “It was really windy this month”. I haven’t seen any changes in the weather and now the numbers are going down. Somebody is lying.
When the BLS is changing the way it calculates these numbers month to month, how can one possibly trust the unemployment number? That’s what Obama hopes the 99% ignores. Of course, it you use the BLS methods to calculate it, the 99% becomes the 1%.
Obama can’t change reality, only the media’s reporting of fantasy.
He isn’t creating jobs for people...and they remember every day when they wake up with less purchasing power.
Quit being defeatist. Obama is a liar, and people know it.
They also look at him as a manipulator. Remember when they laughed at him in Ohio when he said “You inspire me!”? He is a joke...and increasingly so.
when will the GOP stand up and tell everyone when they took control of the congress and regained seats in the senate the jobless rate was 9.9% but has since fallen 1.6%???
It’s pretty easy to see how they gamed this number. Just declare that over a million people are no longer “in” the labor force. (Actually 1.18 million - see thread a few up from this one.)
We are on the same unemployment track line as Greece was on in 2006 at 9% gradually bottoming out at 7.5% in mid 2008 then spiking dramatically to it’s current rate of 19%.
When people stop looking for private sector jobs that don’t exist and live off the continual public dole and the government’s answer is to create more government for jobs that is
paid for by taxing the producers, we have
the perfect storm that is now Greece and the larger Eurozone. Our perfect storm is just a few years away.
This guy has some good information about what an economic collapse actually looks like and how you should prepare:
Let’s see, take the jobs issue off the table, take Obamacare off the table (with Romney nomination), and what are we left with? Another 4 glorious years of King Obama! Yee ha!
Was Obama just re-elected? Everyone expected lackluster job growth because many of the Dec jobs were holiday (temporary) ones. But January was robust. Very likely now the rate will be under the magic 8% by Election Day and the GOP argument will be gutted (”You said if the stimulus was passed we would not go above 8%!”). Obama would only have to say “The stimulus worked, and I saved the auto industry”, and he’s back in. Disagree? Then tell me why. The GOP choices are the worst crop since the 1972 Democrats, and the American people are stupid and gullible.
It really doesn’t matter. Neither Romney nor Gingrich will win in November.
I wish I had your optimism.
I started a spread sheet (yes, I'm a geek), using BLS numbers(NOT seasonally adjusted, which is just another trick to make the numbers look better.
Here are the facts. In Jan 12, the civilian "population" was 242,269,000, an increase of 1,685,000 over December.
The civilian work force was 153,485,000, an increase of 112,000. This DROPPED the labor force rate from 63.8% to 63.4%.
The number of people employed DROPPED by 737,000 to 139,994,000.
The number of unemployed INCREASED by 849,000 to 13,541,000. The unemployment rate therefore INCREASE from 8.3% to 8.8%.
In January '09, when Obozo was sworn in, the labor force participation rate was 65.4% (today only 63.4%). With the increase in population, if the participation rate was still 65.4% today, the real unemployment would be 11.7%
Those are the real harsh facts! Don't buy into the lies!
Go to the website and look at the data yourself: http://www.bls.gov/webapps/legacy/cpsatab1.htm