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Title: Unemployment dips to 8.9 pct., 192K jobs added (Obama Recovery)
Source:
AP
URL Source: http://finance.yahoo.com/news/Unemp ... ct-apf-797302123.html?x=0&.v=8
Published: Mar 4, 2011
Author: AP
Post Date: 2011-03-04 09:46:50 by go65
Keywords: None
Views: 2047
Comments: 8
WASHINGTON (AP) -- Employers hired in February 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 governments, wrestling with budget shortfalls, slashed 30,000 jobs, the most since November. Federal government hiring was flat. Private employers added 222,000 jobs last month, the most since April. That shows that companies are feeling more confident in the economy and about their own financial prospects. And it bolstered hopes that businesses will shift into a more aggressively hiring mode and boost the economic recovery. The unemployment rate is now at the lowest point since April 2009. It has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month decline since 1983.
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#1. To: go65 (#0)
Wonder why the unemployment rate is at an artificially low 8.9%? Three simple words: Labor Force Participation. At 64.2%, it was unchanged from last month, and continues to be at a 25 year low. Should the LFP return to its 25 trendline average of 66.1%, the unemployment rate would be 11.6%. And indicatively, the Birth/Death adjustment was +112,000. Zerohedge.com One big Ponzi. $103 per bbl as the rebels gain in Libya. Freaking the Top 50 000. $3.50 the gal? No problem. Fill er up. 8D
Zerohedge.com One big Ponzi. $103 per bbl as the rebels gain in Libya. Freaking the Top 50 000. $3.50 the gal? No problem. Fill er up. 8D So what are you trying to say? That they still aren't reporting the amount of people who have run out of unemployment benefits and have quit lookin for a job??
" America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." Quote from a book written in 1996. Since its now 2011 I wonder if now is the time to start shooting the bastards???
The Rich lied to America. We want our jobs and money back.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Go to shadowstats.com The guy who runs it, John Williams, is *very* good. Check the tabs under alternate data, to get the REAL numbers instead of the government propaganda. It'll open your eyes, especially because he documents *everything.*
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" Yes indeedy-do, happy days are here again. My only problem is deciding whether to buy a new Beemer, or a Lexus, or a Volt. WTF, I'll get one of each so I can pay my "fair share" of taxes on them.
Lobbyists have always been paid well. Actually still are one of the fastest growing niches in the current economy.
"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"
The only thing keeping this economy afloat is the expanding balance sheet of the fedres. The moment that stops growing, never mind shrinking, the US turns into a bloated corpse.
$104.91 I note not one word on gasoline at LF. And THAT's the Israeli/USSA MSM in action.
#2. To: mcgowanjm (#1)
Wonder why the unemployment rate is at an artificially low 8.9%? Three simple words: Labor Force Participation. At 64.2%, it was unchanged from last month, and continues to be at a 25 year low. Should the LFP return to its 25 trendline average of 66.1%, the unemployment rate would be 11.6%. And indicatively, the Birth/Death adjustment was +112,000.
#3. To: CZ82, mcgowanjm (#2)
#4. To: CZ82 (#2)
#5. To: go65 (#0)
(Edited)
#6. To: Happy Quanzaa (#5)
Yes indeedy-do, happy days are here again. My only problem is deciding whether to buy a new Beemer, or a Lexus, or a Volt. WTF, I'll get one of each so I can pay my "fair share" of taxes on them.
#7. To: Godwinson (#3)
after the QE2 expires in June.
#8. To: All (#7)
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