More economic GOOD NEWS: January unemployment rate falls to 9.7%

[rightwinger]

A year ago, this country was on the brink of financial collapse. The market was in free fall we were losing 779,000 jobs a month.

Last month the number of lost jobs was 20,000. In November we even picked up jobs. All economic indicators are showing the worst is behind us. I know many on this board thrive on gloom and doom and disaster scenarios, but the economic numbers are promising across the board

Why do so many want the economy to fail?

 

[Xenophon]

Good thing Obama extended the benifits for these people huh?

Hasn't been voted on yet, its in the new budget.

gotta give it to them.

Once the new claims is at zero...then you can slow down the unemployument benefits...but as long as layoffs exist....companies are not hiring.

Don't count on it, they didn't give the seniors the increase they so badly needed this year, if they again extend this there will be a price politically.

 

[rightwinger]

Whats the problem with posting positive news on the board once and a while? Do the gloom and doom folks have a monopoly on commenting on our current economic situation?

Sorry to ruin your day folks. But the unemployment rate finally dropping below 10% is GOOD NEWS for our country

It doesn't mean you have to stop bashing the President

You are demonstrating your complete lack of understanding of the economy as it pertains to emploment and the numbers.

It is not good news..AND...it has nothing to do with Obama.....AND it does not mean the stimulus is working...AND ...it does not mean the stimulus is not working.......

It simply means more people are in dire straights as their benefits just ran out....and more people have given up..and sadly we will likely see suicides start to increase.

We need to do something fast.....

Like maybe leave the empolyers alone to do what they gotta do?...I mean...we already wasted over a year.

It simply means more people are in dire straights as their benefits just ran out....and more people have given up..and sadly we will likely see suicides start to increase.

Employers cut 20,000 jobs in January, fewest since the recession started in late 2007.

Manufacturers, helped by a weak dollar and a rebounding global economy, added 11,000 jobs in January – first increase in factory jobs since January 2007

We have a big rebound in the auto industry after a near collapse." Auto and auto parts companies added 22,700 jobs.

Temporary jobs rose by 52,000 in January and are up 247,000 since hitting a low last September; that's a good sign because employers typically hire temps just before they start adding full-time jobs.

Retailers added 42,000 jobs, and the federal government 33,000, including 9,000 temporary Census workers.

The average work week increased to 33.3 hours, from 33.2. That indicates employers are increasing hours for current workers, a step that usually precedes hiring.

The number of part-time workers who want full-time work, but can't find it, fell by almost 1 million. That lowered the "underemployment" rate, which also includes discouraged workers, to 16.5% from 17.3%.

What is wrong with a little GOOD NEWS once and a while?

 

[Truthmatters]

Extended Unemployment Benefits | Emergency Unemployment Compensation

Obama has already extended unemployment.

 

[Claudette]

Whats the problem with posting positive news on the board once and a while? Do the gloom and doom folks have a monopoly on commenting on our current economic situation?

Sorry to ruin your day folks. But the unemployment rate finally dropping below 10% is GOOD NEWS for our country

It doesn't mean you have to stop bashing the President

Well Hell.

I thought it was good news.

Apparantly not?????

 

[Kex]

A year ago, this country was on the brink of financial collapse. The market was in free fall we were losing 779,000 jobs a month.

Last month the number of lost jobs was 20,000. In November we even picked up jobs. All economic indicators are showing the worst is behind us. I know many on this board thrive on gloom and doom and disaster scenarios, but the economic numbers are promising across the board

Why do so many want the economy to fail?

Because bimbo from Wasilla doesn't stand much chance in 2012, without economy in the shitter, doh.

 

[VaYank5150]

A year ago, this country was on the brink of financial collapse. The market was in free fall we were losing 779,000 jobs a month.

Last month the number of lost jobs was 20,000. In November we even picked up jobs. All economic indicators are showing the worst is behind us. I know many on this board thrive on gloom and doom and disaster scenarios, but the economic numbers are promising across the board

Why do so many want the economy to fail?

Because bimbo from Wasilla doesn't stand much chance in 2012, without economy in the shitter, doh.

Sarah Palin is currently the front runner for the nod in 2012. I can only hope it comes to fruition.

 

[Soggy in NOLA]

Hasn't Obama "saved" like 40,000,000 jobs?

 

[Soggy in NOLA]

A year ago, this country was on the brink of financial collapse. The market was in free fall we were losing 779,000 jobs a month.

Last month the number of lost jobs was 20,000. In November we even picked up jobs. All economic indicators are showing the worst is behind us. I know many on this board thrive on gloom and doom and disaster scenarios, but the economic numbers are promising across the board

Why do so many want the economy to fail?

Because bimbo from Wasilla doesn't stand much chance in 2012, without economy in the shitter, doh.

Sarah Palin is currenlty the front runner for the nod in 2012. I can only hope it comes to fruition.

The economy will not only be in the shitter, but deeper in the shitter.

 

[Oddball]

33,000 new federal bureaucrats is "good news" in what way?

 

[Truthmatters]

Nope it wont.

quit hoping for the countries demise.

 

[Dr.House]

A year ago, this country was on the brink of financial collapse. The market was in free fall we were losing 779,000 jobs a month.

Last month the number of lost jobs was 20,000. In November we even picked up jobs. All economic indicators are showing the worst is behind us. I know many on this board thrive on gloom and doom and disaster scenarios, but the economic numbers are promising across the board

Why do so many want the economy to fail?

Because bimbo from Wasilla doesn't stand much chance in 2012, without economy in the shitter, doh.

Sarah Palin is currently the front runner for the nod in 2012. I can only hope it comes to fruition.

Sheesh

In a thread about the economy the loony left can't help but talk about Palin...

Seek professional help, girls...

 

[JimH52]

This economic mess is going to take a looooonnnnnngggg time to go away. It took George Bush eight years to create the mess, so it will take a long time to correct it.

 

[Xenophon]

Sarah Palin is currently the front runner for the nod in 2012. I can only hope it comes to fruition.

Mr 'independant' strikes again!

Admit it, you have a giant fathead of Barry pinned to your wall, don't ya.

Fathead Official Site

 

[rightwinger]

33,000 new federal bureaucrats is "good news" in what way?

Where did Ronald Reagan get his new jobs? Nobody expanded the federal government like Reagan did.
It is good news depending on where the new hires went. We are at war and the government needs defense workers, The VA is being overwhelmed with all the new vetrans, if you want jobs programs you need people to run it.

 

[PatekPhilippe]

January unemployment rate drops to 9.7% - USATODAY.com

WASHINGTON (AP) — The unemployment rate dropped unexpectedly in January to 9.7%, while employers shed 20,000 jobs, according to a report that offered hope the economy will add jobs soon.
The unemployment rate dropped from 10% because a survey of households found the number of employed Americans rose 541,000, the Labor Department said Friday. The job losses are calculated from a separate survey of employers.

Excluding the beleaguered construction industry, which shed 75,000 jobs, the private sector added 63,000 positions.

The unemployment rate fell to its lowest level since August. John Silvia, chief economist at Wells Fargo, said the decline wasn't a result of a shrinking labor force, which has held the rate down in previous months.

"It simply was, people found jobs," he said. The report is "consistent with continued improvement in the labor market."

There were some factors that were not mentioned....like the mysterious addition of 500,000 "employed persons not previously counted", the revision of the way the unemployment numbers are calculated...but there's one indicator not mentioned. Payrolls shrunk. Which means the numbers shown today represent an economy that's still shedding jobs and fewer people are receiving benefits or have given up looking for work.

On the up side though the numbers say overtime and temping are up a little.

 

[CrusaderFrank]

Yeah peoples unemployment benefits are expiring, this drop in the unemployment rate was predicted because of thoe people running out of unemployment benefits.

Close the thread

 

[CrusaderFrank]

33,000 new federal bureaucrats is "good news" in what way?

Where did Ronald Reagan get his new jobs? Nobody expanded the federal government like Reagan did.
It is good news depending on where the new hires went. We are at war and the government needs defense workers, The VA is being overwhelmed with all the new vetrans, if you want jobs programs you need people to run it.

Obama's one year DEFICIT is equal to almost any two years of Reagans ENTIRE BUDGET

 

[RetiredGySgt]

Whats the problem with posting positive news on the board once and a while? Do the gloom and doom folks have a monopoly on commenting on our current economic situation?

Sorry to ruin your day folks. But the unemployment rate finally dropping below 10% is GOOD NEWS for our country

It doesn't mean you have to stop bashing the President

Look you fucking retard it is NOT good news. That .3 percent did not magically get jobs. They simply dropped off the end of the accounting line. They are STILL unemployed.

 

[rightwinger]

Whats the problem with posting positive news on the board once and a while? Do the gloom and doom folks have a monopoly on commenting on our current economic situation?

Sorry to ruin your day folks. But the unemployment rate finally dropping below 10% is GOOD NEWS for our country

It doesn't mean you have to stop bashing the President

Look you fucking retard it is NOT good news. That .3 percent did not magically get jobs. They simply dropped off the end of the accounting line. They are STILL unemployed.

Retarded Gy Sgt: Please provide the link showing that the decrease was due entirely to people dropping off the accounting line. When you do, I can stop calling you retarded.

Here is what the recent jobs report said:

Employers cut 20,000 jobs in January, fewest since the recession started in late 2007.

Manufacturers, helped by a weak dollar and a rebounding global economy, added 11,000 jobs in January – first increase in factory jobs since January 2007

We have a big rebound in the auto industry after a near collapse." Auto and auto parts companies added 22,700 jobs.

Temporary jobs rose by 52,000 in January and are up 247,000 since hitting a low last September; that's a good sign because employers typically hire temps just before they start adding full-time jobs.

Retailers added 42,000 jobs, and the federal government 33,000, including 9,000 temporary Census workers.

The average work week increased to 33.3 hours, from 33.2. That indicates employers are increasing hours for current workers, a step that usually precedes hiring.

The number of part-time workers who want full-time work, but can't find it, fell by almost 1 million. That lowered the "underemployment" rate, which also includes discouraged workers, to 16.5% from 17.3%.


Now RetardedGySgt....it is up to you to prove otherwise