Unemployment rate stays at 9.7%.

CNBC TV ^ | 3/5/2010 | Staff

[Red in Blue PA]

Per CNBC TV.

[Red in Blue PA]

I call BS. Week after week, we have job losses of almost half a million, very few jobs are out there and the rate stays the same?

Bravo Sierra.

[BallparkBoys]

Now that IS unexpected......

[Sacajaweau]

And there ain’t no green jobs.....

[central_va]

But was this:

Unexpected ?

[Red in Blue PA]

Ain’t no green jobs, yellow jobs, red jobs.........

[johniegrad]

This was supposed to be the big news of the day, wasn’t it? Another outlet reported 9.9%.

[mware]

Just wait until this years class of graduates tried to get jobs.

It is going to get really ugly.

[highlander_UW]

The temporary census jobs are skewing the real numbers...those aren’t real jobs.

[parthian shot]

Riiiight! Oh yeah, I believe that.

[scooby321]

I call BS. Week after week, we have job losses of almost half a million, very few jobs are out there and the rate stays the same?

No Kidding, we had had no inflation if you take this and that out of the equation

[PA-RIVER]

I second that.

Its closer to 20 percent. November will be a blood bath.

[Brugmansian]

There were job loses in the schools. That is a green shoot. Now if we can get some jobs loses in the Treasury Dept Union, AFSCME, the SEIU and so on we’ll be moving forward nicely.

[RobRoy]

Some perspective on how bogus this is:

Dallas Fed’s revision finds Texas lost 50,000 more jobs than shown in previous data (329,000 jobs)
http://www.freerepublic.com/focus/f-news/2464188/posts

California job losses grow
http://www.freerepublic.com/focus/f-news/2464194/posts

[The Magical Mischief Tour]

SQUAWK BOX Talking heads are saying the temp Census Jobs helped these numbers immensely

[ScottinVA]

I never heard the Bush administration use the “blizzard” excuse.

[Rational Thought]

If the jobless rate is really @ 9.7% and expected to improve, why is Congress expected to extend Federal money for unemployment benefits through the end of the year?

[tiredoflaundry]

Come on, all those kids that made a bit of $$ while shoveling a neighbors driveway jobs were included!

[Concho]

This years class of graduates will get jobs before the family man will....

[andy58-in-nh]

Two words: “seasonal adjustment”. I’ll break down the numbers as soon as I have them.

[AngryJawa]

Like most highly-anticipated "numbers" reports these days, 9.7% will be officially revised upward in a few weeks with no fanfare whatsoever.

This number is garbage anyway as it ignores those who have just plain given, gone underground, up or are now underemployed in part-time gigs. The real number is still between 17-20%.