US
Unemployment Falls to 8.9% — Hits Two Year Low
- Posted on March 4, 2011 at 8:41am by
Jonathon M. Seidl
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WASHINGTON (AP) — Employers in February hired at the fastest pace in almost a year and the unemployment rate fell to 8.9 percent – a nearly two-year low.
The economy added 192,000 jobs last month, with factories, professional and business services, education and health care among those expanding employment. Retailers, however, trimmed jobs. State and local government, wrestling with budget shortfalls, slashed 30,000 jobs, the most since November.
The government’s report Friday bolstered hopes that employers will shift into a more aggressively hiring mode and allow the economic recovery to get on firmer footing.
The unemployment rate has been falling for three months, down from 9.8 percent in November.
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Comments (265)
Axeman4
Posted on March 4, 2011 at 9:12amEpic fudging.
Report Post »kspatriot
Posted on March 4, 2011 at 9:10amThe REAL numbers between 18% – 20%. They don’t even include those that have given up looking for jobs.
Report Post »TSUNAMI-22
Posted on March 4, 2011 at 10:19amExactly!
Report Post »alpha_grower
Posted on March 4, 2011 at 9:08amI believe unemployment figures are based on the number of people reported receiving unemployment benefits – as time passes the people who have been unemployed the longest are dropped from the benefit list. These figures would not include the number of people who were not eligible for unemployment or the people who’s benefits ran out prior to the extensions being granted. Like all statistical data, if you are not happy with the numbers keep working on them a method will develop to show the stats you are looking for.
Report Post »psst
Posted on March 4, 2011 at 9:08ambs
Report Post »more bs
even more bs.
sbenard
Posted on March 4, 2011 at 9:07amThis headline is misleading. The ONLY reason the unemployment rate has fallen is because the participation rate has plunged. People have become disheartened and are dropping OUT of the workforce. They are NOT reentering the workforce!
This is particularly bad because with a low participation rate, and no more unemployment compensation, it will create a drag on the economy. With the dead drag also pulling down economic activity, and inflation surging, it’s going to be a long, hard, and ugly slog toward recovery.
Crude just hit $103.50 in the past 30 minutes!
Report Post »sbenard
Posted on March 4, 2011 at 9:10amOops! My typo. I should have been DEBT drag, not “dead” drag!
Report Post »psst
Posted on March 4, 2011 at 9:24amDon’t sweat typos. Cons are not grammar or typo KGB agents. We know that not everyone is a typist professional.
Report Post »We are more interested in ideas and opinions. Cons are intelligent enough to read between the lines of any typos.
I never post a correction to my “many” typos.
mrsmileyface
Posted on March 4, 2011 at 9:06amHAPPY DAYS ARE HERE AGAIN!!!! 8.9% unemployment. Were all saved. You can go out and buy that Lamborghini you were saving up to buy now.
Report Post »sleazyhippo
Posted on March 4, 2011 at 11:15amIf you buy it, the economy will get better! Go For It! Don’t be a wussie.
Report Post »HippoNips
Posted on March 4, 2011 at 9:05amWell at least voting in the Republicans and stopping the Democrats has had some positive effects
Report Post »IntheKnowOG
Posted on March 4, 2011 at 9:31amSeriously? Making a comment like that means you believe anything the MSM/socialistadmin feeds you. You need to wake up like most of us did years ago. You might as well be Neville Chamberlain commenting like that.
Report Post »RefudiateObama2012
Posted on March 4, 2011 at 9:05amIf we could convince about half of those people to quit looking for a job, the government will tell us that the unemployment rate is 4.5%. Problem solved.
Report Post »sleazyhippo
Posted on March 4, 2011 at 11:14amThat would be the last administration – when unemployment benefits were not extended at all! That way the unemployed ceased to exist faster than they do now. If the administration decided NOT to extend benefits for our long term unemployed sisters and brothers, we would have been at 7% unemployment for over 14 months.
Report Post »Keep the Faith
Posted on March 4, 2011 at 9:04amNICKDERINGER you are right on – these books will be cooked! These numbers will be manipulated since no president has ever been re-elected with an unemployment rate above 8%.
Report Post »RetiredSarge1991
Posted on March 4, 2011 at 9:01amIt gets harder and harder to believe anything that comes from this Socialist Government. The stats will continue to go down until they are below 8% so the liberal state media can glow and gloat about how great a job their Socialist leader is doing and how he definitely deserves to be reelected. If he is reelected, I don’t think there is any hope for our country.
Report Post »Just_a_regular_guy
Posted on March 4, 2011 at 8:58amI guess that means we will hear from his highness today. He is great, just ask him, he will tell you.
Report Post »TERMLIMITSNOW
Posted on March 4, 2011 at 9:18amexactly, his “HIGH”ness
Report Post »FANGS
Posted on March 4, 2011 at 8:58amThis report is nothing but obama lies. We are in a depression. The numbers will only get better when we wipe out thousands of these marxists.
Report Post »SimpleTruths
Posted on March 4, 2011 at 11:52amFangs
Report Post »Your type seems to want failure, and think there are easy answers (get rid of the Marxists, whatever that means). I hope one day you might realize you are just easy prey for the shills selling salvation in gold and magic seeds. Ask yourself this – if our paper dollars are so worthless, why would the gold sellers want 1500 of them per ounce? Are they just stupid and you think you got one over on them?
planbdeveloper
Posted on March 4, 2011 at 8:58amNot according to Gallup http://bit.ly/fSnTs9
Report Post »planbdeveloper
Posted on March 4, 2011 at 9:01amIt’s 10.35! and under-employment is 19.9%!
Report Post »sleazyhippo
Posted on March 4, 2011 at 11:09amBoth numbers are better compared to last month!
Report Post »va_magoo
Posted on March 4, 2011 at 8:57amGallup Finds U.S. Unemployment Hitting 10.3% in February
Underemployment surged to 19.9% in February from 18.9% at the end of January
http://www.gallup.com/poll/146453/Gallup-Finds-Unemployment-Hitting-February.aspx
Report Post »Sandy
Posted on March 4, 2011 at 8:55amThe birth/death rate added 112,000……… this is what helped the numbers.
Report Post »It has little to do with jobs, REALLY. They continue to manipulate the numbers.
NickDeringer
Posted on March 4, 2011 at 8:54amMmmmmmmmmmmmm… Can you smell those books cooking??
Report Post »DARKSHADOW
Posted on March 4, 2011 at 4:09pmeeeeeeeeeeeeeeew!
Report Post »IntrepidSI
Posted on March 4, 2011 at 8:54amAh, isn‘t Drudge’s headling 9.1%? I mean it’s there, right now. So who do I believe?
Report Post »sleazyhippo
Posted on March 4, 2011 at 11:04amIt doesn’t matter what index you use – Drudge is fine as long as drudge admits slow but steady improvement overall. If you shift indexes every time a number is published, then you are just being a negative pelossi wussie pussie, and it would not matter what was real – you just want gray skies
Report Post »randy
Posted on March 4, 2011 at 8:52amDon’t believe this for a second! 18.9 % would be more believable.
Report Post »shy
Posted on March 4, 2011 at 8:51amUntil the government does its reassessment in a year. showing other wise.
Report Post »Gonzo
Posted on March 4, 2011 at 8:50amI call B.S. In two weeks they will revise the unemployment rate UP. They do it every month and then somehow, it doesn’t get the same press coverage.
Report Post »missy8s
Posted on March 4, 2011 at 8:49amTell it to the 20 plus percent still looking for jobs.
Report Post »sleazyhippo
Posted on March 4, 2011 at 9:52amI will tell it to them, but it’s actually 75% of people who wish they had a different job.
Report Post »CaptainKook
Posted on March 4, 2011 at 8:46amUnemployment has fallen?
Report Post »I blame Obama.
shy
Posted on March 4, 2011 at 8:56amWill you still blame him when its shown to be over 9.1% unemployment.
Report Post »felina g
Posted on March 4, 2011 at 9:15amActually it is over 20%.
Report Post »Miami
Posted on March 4, 2011 at 9:17amFor the slow at the back of the class or the Soros paid writers…
If 80 % of the population does not agree with Communism but only 50 % voice their disapproval does that mean Communism is okay for 60 %?
No moron they just don’t bother to speak out.
as for the unemployment numbers, once they use up their benefits and stop looking for work they are no longer counted. Thus the number goes down, plus the number does not count new works looking for work who can’t find it either but they too are unemployed and not counted…
Report Post »JRserious
Posted on March 4, 2011 at 9:31amour rate here is up to 10.4% locally. my company laid of 7% more of the work force two weeks ago. our business is an indicator of job and building trends for the near future. this drop in unemployment is a lie. we all know it. except for the kooks.
Report Post »sleazyhippo
Posted on March 4, 2011 at 9:51amTry as you may to deny it, we are getting out of the ditch! In the apples to apples statistical thread we are using, we continue to see slow but steady improvement. Everything is getting better (even those other indices with higher levels are slowly improving – and have been for 2 years!)
Report Post »Miami
Posted on March 4, 2011 at 10:10amsleazyhippo
~we continue to see slow but steady improvement. Everything is getting better (even those other indices with higher levels are slowly improving – and have been for 2 years!)~
I give you one figure …..$.50 in a week!
Gas up to 3.69 a gallon 3.89 for premium and climbing. Food cost is climbing before the gas cost, once it hit they’ll go through the roof but yeah Everything is getting better… ARE YOU INSANE?!
Report Post »SimpleTruths
Posted on March 4, 2011 at 10:48amMIAMI
Report Post »World events drive the price of oil up or down. Has nothing to do with D‘s or R’s. If drilling started today, US oil reserves would barely make a dent in the total consumption. For that matter, most domestic oil is expensive to get to and not easy to refine, so probably wouldn’t even make a difference at the pump.
The ONLY way to insulate ourselves from the whims of OPEC and other foreign sources (many who do hate us) is reduce our dependence on them.
sleazyhippo
Posted on March 4, 2011 at 11:00amThere is a lot of unrest in the middle east, and our departments of state and defense are addressing this. Meanwhile, Wall Street is pushing up oil profits, betting that we will blame rising costs on turmoil instead of exploitation. Jobs are being created in the manufacturing sector for the next 18 months as Boeing and General Motors continue to win contracts. Average private union wages are not falling and individual buying power is increasing. When banks begin loaning to small business, the economy will grow and hiring will increase.
Report Post »JRserious
Posted on March 4, 2011 at 11:27amplease reread my post. 7% of our workforce walked out the door next to my office window with boxes in hand. that is real. they are real people in a real world, not your imagined indices which have been revised out of phony recovery back into reality (after the news cycle) how many times- EVERY TIME.
Report Post »LIARS.
JRserious
Posted on March 4, 2011 at 11:28amHow do you know someone with the AP is lying, answer: their lips are moving.
Report Post »SimpleTruths
Posted on March 4, 2011 at 11:46amJRSERIOUS
Report Post »Even in good times businesses make bad decisions, bad bets and fail, layoffs happen.
I can honestly say that in 16 years in business I have never laid one person off, I have asked others to take pay reductions for the sake of saving fellow workers, they did and when the tide turned they were financially rewarded for their sacrifice. I suppose by your measure that makes me a socialist, by mine – a good businessman.
JO JO BINKS
Posted on March 6, 2011 at 10:59pmIt’s NOT BARRY…. The Global Elite are using their time PROVEN FORMULA… “DIVIDE & CONQUER”! The “IS” Strength in Numbers, “WE” are so much more alike than different, and until “WE” THE MASSES realize THAT FACT… they can “CONTROL” us… infighting KEEPS us divided!
Report Post »RefudiateObama2012
Posted on March 4, 2011 at 8:45amRather than take the 8.9% at face value, let’s see how the total workforce numbers look. If it takes about 200,000 new jobs to break even, it sounds like more people gave up looking for a job.
Report Post »SnapTie
Posted on March 4, 2011 at 9:08amhttp://www.zerohedge.com/article/monthly-non-farm-payrolls-have-grow-121000-month-2011-just-keep-population-growth 121,000 jobs needed per month to keep up with the population growth.
Report Post »sleazyhippo
Posted on March 4, 2011 at 9:41amNet increase was 189,000 – higher than the 126,510 “break even number”
Report Post »It’s a great day for America
MySacredHonor
Posted on March 4, 2011 at 8:45amDose anyone actually believe this BS anymore…. WHAT A CROCK!
Report Post »Miami
Posted on March 4, 2011 at 9:05amNo just more propaganda
Report Post »poohbear
Posted on March 4, 2011 at 9:11amMaybe it’s those fake jobs they are counting from that fake county in Florida..
Report Post »Boss J
Posted on March 4, 2011 at 10:13amYou have to ask yourself if the libs even buy this garbage. I haven’t seen 1 troll in here trying to defend these junk numbers yet.
Report Post »SimpleTruths
Posted on March 4, 2011 at 10:32amThere’s nothing all you people hate worst than good news. Good news = propaganda/Bad news = truth
Report Post »As an owner of a successful growing technology business I can tell you that things are going so well I anticipate needing to fill 4 – 6 highly paid (75K+) positions in the next 4 months.
sleazyhippo
Posted on March 4, 2011 at 10:53amTake some deep breaths; this is the greatest country on the planet as long as we remain strong and patriotic. A house divided cannot stand. We need to celebrate our diversity which brings us the ability to overcome any austerity. Also we need to honor our most wealthy brothers and sisters, because if they decided to help out they can help us pay for Iraq and Afghanistan bills to reduce the deficit in half.
Report Post »libertyordeath87
Posted on March 4, 2011 at 8:44amI don’t believe a word of this report. Just wait two weeks and the data will be revised upward.
Report Post »drbage
Posted on March 4, 2011 at 8:48amHow right you are! Sometimes it is not even that long. The “experts” usually revise the previous week’s info each week and it usually is NOT in the direction which the regime would like it to be. They probably also don’t count those people who have given up looking entirely.
Report Post »PA PATRIOT
Posted on March 4, 2011 at 8:49am“Hit a two year low.” so has the moral fabric and tenacity of this county!
Report Post »neverending
Posted on March 4, 2011 at 8:50amMy exact immediate thoughts!!!
Report Post »Gonzo
Posted on March 4, 2011 at 8:50amYou got it!
Report Post »Josiah914
Posted on March 4, 2011 at 8:51amBut why won’t they include those who are still collecting unemployment from the federal extensions of it (i.e., the 99-week extension)? Those people are still unemployed! What a fraud! And it’s just to sway public mood as the media enters Re-Election Mode.
Report Post »sWampy
Posted on March 4, 2011 at 8:55amThey announce on Friday it’s all time low, and it’s talk of every show all weekend, Monday they correct it and noone covers it.
Report Post »Snowleopard {gallery of cat folks}
Posted on March 4, 2011 at 8:58amLiberty, I have to agree with you completely, and they will tote this dropping in the unemployment figure as a major success of each and every failed policy of the Obama administration.
Report Post »bandi9
Posted on March 4, 2011 at 9:01ami am so with you liberty. just wait for the revised numbers.
Report Post »SnapTie
Posted on March 4, 2011 at 9:03amhttp://www.gallup.com/poll/146147/Gallup-Finds-Unemployment-Mid-February.aspx Maybe this is the real numbers,not cooked books.
Report Post »Miami
Posted on March 4, 2011 at 9:04amAgreed,
If the % dropds why are the numbers of unemployed going up? More funny math, Liberals really don’t get math… 1+!=2 but in their world it’s 3.5
Report Post »TERMLIMITSNOW
Posted on March 4, 2011 at 9:16amthey use the temp agencies to fudge these numbers, they provide employment and a paycheck but that is about it. companies love them because they don’t have to provide them benies
Report Post »Snowleopard {gallery of cat folks}
Posted on March 4, 2011 at 9:20am@Miami
Remember that with the progressives and leftists all things are a matter of perceptions; they only need in their minds to make it look like unemployment has fallen, and therefore it has to be so, even if it is far from the reality the rest of us know and understand it to be.
It is another case for the adage of “Tell a lie loud enough, long enough and someone will accept it as the truth” and the teller of such is often the biggest and most deluded of the lies victims or intended victims.
Report Post »Sinista Mace
Posted on March 4, 2011 at 9:31amDon’t believe the hype.
Report Post »suttonea76
Posted on March 4, 2011 at 9:33amNope, don‘t buy it because real economists don’t look at unemployment numbers but rather increases in tax revenue. This can be done easily by running reports from the IRS for newly created W-4′s. They house all of our SSN’s since we must declare them during a hiring process. Tax revenue projections slowly increase in direct relation to these numbers. Granted, people that work “under the table” won’t be reported but that is to be expected in labor jobs like constructions and agriculture. What’s the point of having low unemployment if the tax revenue does not increase?
Basically this is a ploy to spurn the election campaign yet keep it under wraps for now. Obama is projected to spend close to 1 billion dollars in the next two years to keep his job. This reminds me of global warming as so many were quick to jump on board with our “carbon footprint” and start pushing green jobs and technology yet it was proved that CO2 doesn’t even make up 3% of our atmosphere. The same will be said about these fudged numbers since public sector jobs should never be included with “job creation” as public sector jobs take from our tax dollars to pay their salaries while producing nothing. Hence, we need to shrink the public sector.
Report Post »Okieflyover
Posted on March 4, 2011 at 9:37amJust saw 2 reports this week that layoffs were higher than they had been in 2 years….. What industry is hiring? Where are all of these new jobs?
I don’t believe anything out of this administration. With oil prices going up, they had to have some good news. abracadra, hocus pocus and here we are.
Report Post »ltb
Posted on March 4, 2011 at 9:38amThese reports are like chocolate ration reports in “1984” – Orwell’s depiction of a socialist dystopia was visionary.
Report Post »sleazyhippo
Posted on March 4, 2011 at 9:39amGood Morning Sunshine! The president’s wise and determined actions are continuing to chip away at the secessionist polices of the past.
Report Post »123abc
Posted on March 4, 2011 at 9:40amI don’t believe it either. In my business I’ve got my finger on the pulse of American manufacturers. They are in horrible financial shape and are releasing people, not hiring.
Report Post »ConsiderThis
Posted on March 4, 2011 at 9:45amThese numbers are skewed because they don’t count the millions that have lost the EU benefits or have just plain given up. The country is in worse shape then ever because everything Obama does and doesn‘t do is geared towards driving Americans to the point where they’ll accept his redistribution of wealth agenda. A better poll would be around the question, “Are you better off now than before Obama took over?” And start by asking the ones in the Gulf area who have lost their livelihoods because he just about killed all drilling. He ain’t gonna move towards energy independence no how – no way. Alaska is teeming with oil and gas, but nope…can’t drill there. For some reason I can’t fathom, Mr. Obama wants to keep billions of US dollars flowing to those Muslim countries who let [some] slip to the terrorists. With minor exceptions these Muslim countries have as an end goal the destruction of America. I‘m afraid this President has an agenda that’s frightening!
Report Post »AzDebi
Posted on March 4, 2011 at 9:45amWhen factoring in the number of part-time workers who would rather be working full time and those who have given up looking for work, the percentage of “underemployed” people dropped to 15.9 percent in February. That’s the lowest in nearly two years…however…with the bogus info we’ve been fed over the past 3 years, who do you believe?…Know what I believe? The official kick-off for the 2012 Presidential election is coming and Obama has to show that his policies are working…SORRY…When my neighbors and myself are no longer hurting, I’ll believe that SOMEONE in Washington actually has OUR BEST INTEREST AT HEART! They do not!
Report Post »myfamily04
Posted on March 4, 2011 at 9:48amSomeone needs to report the REAL numbers and not these fake WH numbers!!!
Report Post »LAM2
Posted on March 4, 2011 at 9:58amWhen the unemployment percentage went down last month, it did so because they reduced the denominator in the equation (the total number of jobs available). Will have to look at the details to see if that contributed to this month’s rate reduction.
Report Post »Boss J
Posted on March 4, 2011 at 10:07amOnce again we get the books cooked right before out eyes.
Report Post »Anyon who believes these numbers is a complete dope!
1 thing I know is that a trainload of people have exhausted their unemployment(2 years worth) so they stop filling the claims and fall off the roles.
Cobra Blue
Posted on March 4, 2011 at 10:13amCan you say propaganda boys and girls? You can’t believe anything coming out of Washington any more.
Report Post »cbrown
Posted on March 4, 2011 at 10:21amFinally some good news we all can be proud off. Better days are here again. Our innovations and hard work has finally paid off and we will have another seven more years of prosperity. God bless USA!!
Report Post »leftiesaredangerous
Posted on March 4, 2011 at 10:31amI guess this means the recession is over. Phew!
Report Post »AzDebi
Posted on March 4, 2011 at 10:31amAccording to newly released numbers, over 44 million Americans are now on food stamps. That is a new all-time record and that number is 13.1% higher than it was just one year ago. The food stamp program is the modern equivalent of the old bread lines. More than one out of every seven Americans now depends on the federal government for food. Oh, but haven’t you heard? The economy is showing dramatic improvement. Corporate profits are up. The stock market is soaring. Yea, right!
The truth is that there is no sign that any of the long-term trends that are destroying the U.S. economy are even slowing down.
Millions of jobs continue to be shipped overseas.
The U.S. dollar continues to be devalued.
The federal government continues to go into more debt.
State and local governments continue to go into more debt.
Our trade deficit continues to grow.
Our cities continue to be transformed into wastelands as they are being systematically de-industrialized.
The number of Americans that are dependent on the government continues to soar.
The U.S. middle class continues to shrink.
Report Post »El Jefe
Posted on March 4, 2011 at 10:32amThanks for the link SNAPTIE, that about sums it all up…
Report Post »OutOfTheAether
Posted on March 4, 2011 at 10:52amIs it people finally getting jobs? OR, more likely….people in record numbers are giving up and going off unemployment benefits – but STILL unemployed, just not tracked
Report Post »Bullcop34
Posted on March 4, 2011 at 11:06amNeeding some help here….tyring to get my calculator to do some governmental math. We add 192 thousand jobs last month but have lost millions over the last two years and this equates to a decrease in unemployment? Which button am I not pushing to get that number???
Report Post »Ironeagle
Posted on March 4, 2011 at 11:12amI don’t believe this stat either–its highly manipulated and carefully crafted to mislead. This stat doesn‘t include those people who have stopped looking for work and doesn’t include those who have run out of unemployment $$$ and have have dropped off the unemployment rolls. The real number is more like 17-19%.
Report Post »Blackhawk1
Posted on March 4, 2011 at 11:22amThey must have removed more Potential jobs from the count, or more people ran out of unemployment benefits. That’s how it went from 9.6% to 9%. Lies like this are how you know Election campaigns are starting.
Report Post »teachermitch32
Posted on March 4, 2011 at 11:33amMy county rose to 16.2% with the highest community (town at 39.6%. Not jiving with the national figures. We are a predominantly Agri-oil community. Maybe with spring growing season coming there will be a drop but the exploration/ production end of oil will continue to fall and the % will rise in that sector. Also, I expect that most of the agri end will be illegals unless there is a crackdown….HA! Housing market continues to be worse here too with more forclosures occuring. My field is home and building inspections and that is just plain suuucky. My business is in the dumper. Most property purchases are from investors and they are not doing inspections…period…or few are doing inspections.
Report Post »Miguelito
Posted on March 4, 2011 at 11:41amHow can you believe this report when they contineously lie to the America people!
Report Post »C. Schwehr
Posted on March 4, 2011 at 12:01pmJust as last month’s figure was revised to 10.3%….Actual unemployment is about double the given figure…consider that 400,000 jobs need to be generated each month in order to bring us back to “full” employment, and only 193,000 new jobs came available….tells me that these aren’t “new” jobs aren’t being created…only current jobs being filled after firings. NO NEW JOBS ARE BEING CREATED!
Report Post »just the facts
Posted on March 4, 2011 at 12:05pmYep, your correct!! It’s all a lie. The unemployment is actually hovering around 10.2% and the total unemployment is around 22% – 23%. (Ugh, this is old school math prior to barries rearranging the protocols.) Don’t be fooled by these numbers folks. barry and crew must produce fictitious just to keep the ‘talk’ down. This, I truly believe, is going to be our norm from here on out. Sad.
Report Post »banjarmon
Posted on March 4, 2011 at 12:10pmThe Gov uses Farrakhan’s “million man march math” to calculate its numbers.
Report Post »missionarydad
Posted on March 4, 2011 at 12:17pmtotal propaganda, this adminsitration is notorious for shifting and changing things around to get favorable results. Big time bogus. I am listening to Rush and he said that is exactly what they are doing.
Report Post »kryptonite
Posted on March 4, 2011 at 1:01pmO’bum and his .9 love affair is so apparent it is laughable. Soon, very soon the unemployment rate will be 7.9%, at last below that 8% fall-over-the-cliff number his economic gurus concocted to justify his first money grab. Start to play the Red Traitor’s cliff fall video backwards, folks. By 2012 unemployment will be at its lowest since Repubs scr*wed the economy.
Report Post »fastfwd
Posted on March 4, 2011 at 1:30pmyep total propaganda !
Report Post »Cobra Blue
Posted on March 4, 2011 at 1:56pmLQQKS like the libs are working that number to be sure it reaches 8% by election time. There is no way on GOD’s green earth that the number has dropped. Especially when the true unemployment is around 22%. This number means nothing…zip…zero…nada.
Report Post »pajamash
Posted on March 4, 2011 at 1:57pmC’mon folks. It is perfectly understandable. When the government stops counting people as unemployed because they either stopped looking (i.e. there are far too jobs to be found) or because they dropped off the unemployment rolls (i.e. again because there are far too few jobs to be found) it is easy for the unemployment number to drop.
It is similar to what Glenn galked about in December about inflation. If you don’t count things like oil that are skyrocketing, it is easier to say there is no inflation. It is no longer about truth. It is about making the numbers look the best so that the government can’t/won’t be blamed so that politicians can be re-elected because things are GOING SO GREAT!
Report Post »SonOfaCommunist
Posted on March 4, 2011 at 2:20pmIf I learned anything from my Communist Father, it was, “Always fudge the numbers so you look good, even if its not true.”
Report Post »CatB
Posted on March 4, 2011 at 3:03pmI can make up number too …. the REAL unemployment rate is MUCH higher than anyone will report .. how about we start with that and the REAL INFLATION RATE! People would be SHOCKED who only listen to and believe what the MSM feeds them.
Report Post »orkydorky
Posted on March 4, 2011 at 4:01pmMore government BS trying to make an appearance of success for Obama’s break the country strategy.
Report Post »Only the useful idiots on the left will buy it!
abc
Posted on March 4, 2011 at 5:20pmYou don’t believe it because it suggests that the work done by the Obama administration is working. Unemployment stopped rising at an accelerated rates soon after Obama implemented his rescue packages–that means the second order change in employment turned positive. Later, employment started to grow rather than shrink, but at too slow a rate to impact the unemployment rate in percentage terms. Now, the employment growth is starting to rise fast enough to move the unemployment rate down just a bit. This is all part of a slow, tough haul back to full employment. It will take a lot of time, but this is certainly at least a partial vindication of the actions taken by the Fed and the federal government to avoid a Great Depression. Smart people, including Republicans, know what was avoided. Others continue to gripe and complain, but they lack the knowledge and thus the credibility to have any authority in the debate.
Report Post »abc
Posted on March 4, 2011 at 5:24pmThe other sad thing is that the folks here who correctly point out that many are still suffering go on to support policies that are the cause of their plight. Germany makes it tougher to fire workers or downsize manufacturing than the US or the UK do, yet they now are enjoying a huge export-led economic recovery that is enriching a larger percentage of their population. The reasons for this–stronger unions, better education and technical training, better health care coverage, higher taxes to support all of this–are consistently rejected by conservatives. So you can lament the plight of the poor and lower class all you want, but know that the policies that you promote and support are exactly the ones that cause their plight to begin with.
Report Post »VerySeniorCitizen
Posted on March 4, 2011 at 6:11pmMr.Boehner, you ran for election of the platform of CREATING jobs.
So far – two months into this Congress the Republicans have focussed on repealing the Affordable Healthcare Bill, repealing the EPA,repealing Planned Parenthood and throwing ALL women under the bus, cutting the budget (but ONLY for workers), DOMA, etc., etc. NOT ONE WORD ABOUT CREATING JOBS.
Mr. Boehner – Where are the jobs??
Report Post »VerySeniorCitizen
Posted on March 4, 2011 at 6:22pmMark Zandi of Moodys (Republican) says that the Republican budget will kill at least 700 thousand jobs. Goldman Sachs BOTH suggests that it will reduce the country’s economy by at least 2% – which equates to a couple of million jobs lost. Now neither of these are liberal in their outlook so take heed.
The republicans have already increased the deficit by $230 Billion by trying to repeal the Affordable Health Care Act – which won’t survive the Senate or the Veto pen (f it gets that far).
I’m sorry guys, but Republican‘s and Tea Party members care NOTHING about this country’s economy. They are simply trying to unseat this President. Thats OK, I understand that, but don’t destroy this country while doing it.
How many folks on this site have someone in their family or circle of friends who is unemployed – short term or long term? You really should learn more about what is going on in the 112th Congress.
Mr. Boehner – WHERE ARE THE JOBS you campaigned on producing??
Report Post »NYSTREETKID
Posted on March 4, 2011 at 6:57pmfolks: tis the season. The 2012 run obama express is leaving gate main stream media.all a broad.
Report Post »The american people will most likely buy his crap again. The Idea of fighting for the rights of americans is a hard thing to keep trying to do. The polls say that the public is for cut,but not in my town. The public wants lower taxes,but more services for them.who do you blame in the end. The drug dealer or the user. I feel hope fading. The very people the voted in Wi. and for that very same governor would now throw him to the wolves. We talk the big talk,but we want in the end only for ourselves.I hope to god I am wrong.We r are our people marching to support him and others. 70,000 show up for the left each march when called. we cant get 10,000 one time in 17 days.
VerySeniorCitizen
Posted on March 4, 2011 at 6:59pmHas anyone noticed that this article NEVER hit Glenn‘s ’big 4′ headlines. Is he distraught about the economy improving? That might mean that this Administration is actually doing something right!
Report Post »independentvoteril
Posted on March 4, 2011 at 7:39pmAs one of the unemployed I KNOW many others like myself.. WE ARE STILL UNEMPLOYED.. however since they don’t count us anymore you can expect an improvement EVERY month as people run out of benefits and are no longer counted..
Report Post »VerySeniorCitizen
Posted on March 4, 2011 at 9:32pmINDEPENDENTVOTERIL
I’m sorry to hear that you are long-time unemployed. However how do you equate that with 220 thousand private sector jobs created over the last month with ‘not being counted any more.
I agree that some of you have fallen off the radar – which ONLY happens when you stop going to sign up at the unemployment office – even though you will NOT get a check.
We are WAYYYYYYY past the losing 760 thousand jobs every month – and this was the NINTH consecutive month of private sector job increases. Don’t give up – and please, continue to register each week – or whenever your state says you must. Its like voting, Only if you register do the correct results show up in print.
Report Post »Xcori8r
Posted on March 4, 2011 at 10:43pmHey, I’ve got a deal on a bridge in Brooklyn for any bozo who believes this BS.
Report Post »avenger
Posted on March 5, 2011 at 7:42amaha…the radicals are cooking the stats again….
Report Post »HARDWORKPAYS
Posted on March 5, 2011 at 9:55pmIs it not about 2 years that you can draw unemployment? It ought to be coming down every week now! Great policies huh?
Report Post »Harvey
Posted on March 6, 2011 at 9:25amEvery word of this report is a lie.They dont even count the people thats drawing unemployment,why.If these idiots would ever venture out into the real world they would realize that there are more people loseing their jobs everyday.
Report Post »JO JO BINKS
Posted on March 6, 2011 at 10:56pmI don’t believe one word, when UNEMPLOYMENT was running 100,000 a month for close to 8+ months in 2010 and 1-2 million in 2009… no way in HELL can it be less than 21% – 23% but THEY HAVE CHANGED the formula to calculate the number to make it look way better than it actually is !
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