February jobs report: Unemployment holds steady amid hiring - Mar. 9, 2012
According to the government 227K were added in Feb, so why didn't unemployment change? Well the government answer is those pesky unemployed people that have been unemployed for so long we no longer considered them unemployed started looking again. So what have they been doing for the other 1-4 years they weren't employed? Catching up on daytime soaps! So why bow do they arbitrarily become considered unemployed, when they technically have been employed for a while and are in the same boat? It makes no sense.
If I lose my job, go on unemployment insurance, can't find a job after unemployment runs out, why should I be considered not looking (in effective employed for unemployment calculation purposes) and then some time later in the future when I am still unemployed, I officially become unemployed again for the statistic?
Whether its being done during a R or D administration the "official" statistics are bullshit! A person should not be considered employed (meaning causes unemployment stat to go down) until A) He finds a job, (B) Is classified as a dependent for tax purposes (such a student, house-wife, dependent parent etc), (C) Becomes LEGALLY disable, (D) Leave the country or (E) Retires!
Interesting note: The biggest gains were restaurants (41K) and temp jobs (41K)! I'm sure there were managers, waiter, bar tenders and chefs that make decent money, but I guarantee the biggest restaurant gains were low wage help and waiters! The 82K in professional and business services (so ambigious, who can't tell what that is) sounds great until you consider HALF were temp work.
Therefore, 37% were not the high paying jobs people want! Oh know maybe Americans took away jobs from illegals, better get the ACLU on that one!
Good Note: I liked seeing the nice gains in unemployment!
According to the government 227K were added in Feb, so why didn't unemployment change? Well the government answer is those pesky unemployed people that have been unemployed for so long we no longer considered them unemployed started looking again. So what have they been doing for the other 1-4 years they weren't employed? Catching up on daytime soaps! So why bow do they arbitrarily become considered unemployed, when they technically have been employed for a while and are in the same boat? It makes no sense.
If I lose my job, go on unemployment insurance, can't find a job after unemployment runs out, why should I be considered not looking (in effective employed for unemployment calculation purposes) and then some time later in the future when I am still unemployed, I officially become unemployed again for the statistic?
Whether its being done during a R or D administration the "official" statistics are bullshit! A person should not be considered employed (meaning causes unemployment stat to go down) until A) He finds a job, (B) Is classified as a dependent for tax purposes (such a student, house-wife, dependent parent etc), (C) Becomes LEGALLY disable, (D) Leave the country or (E) Retires!
Interesting note: The biggest gains were restaurants (41K) and temp jobs (41K)! I'm sure there were managers, waiter, bar tenders and chefs that make decent money, but I guarantee the biggest restaurant gains were low wage help and waiters! The 82K in professional and business services (so ambigious, who can't tell what that is) sounds great until you consider HALF were temp work.
Therefore, 37% were not the high paying jobs people want! Oh know maybe Americans took away jobs from illegals, better get the ACLU on that one!
Restaurants and bars added 41,000 jobs... the strongest hiring came in professional and business services, which added 82,000 jobs. More than half of those positions were at temp agencies.
Good Note: I liked seeing the nice gains in unemployment!