U.S. Unemployment Up in February

Discussion in 'Economy' started by KissMy, Mar 8, 2012.

  1. KissMy
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    KissMy Free Breast Exam

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    U.S. Unemployment Up in February "U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December. Underemployment is 19.1%, up from 18.7% in January" Only 58.4% of the population has a job. This is no recovery. We are mired in a continuous recession. Inflation is the only thing making the market & GDP climb. Real people are still worse off.

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  2. DSGE
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    DSGE VIP Member

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    It's not just inflation making GDP rise. Real (inflation adjusting) GDP is rising. But too slowly to have any effect on employment. Yeah it's a shitty recovery. And it doesn't look like the Fed are gonna stop their misfeasance any time soon. Maybe another round of QE this year, which'll do jack shit.
     
  3. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Unemployment increased to 9.1% in February from 8.6% in January and 8.5% in December?

    Well color me surprised
    :eek:
     
  4. editec
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    editec Mr. Forgot-it-All

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    Yup.

    Capitalism is broken, again.

    Sucks don't it?
     
  5. DSGE
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    DSGE VIP Member

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    Seriously? :eusa_eh:
     
  6. sparky
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    sparky VIP Member

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    It's like watching a vampire movie,,,,,~S~
     
  7. KissMy
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    The seasonally adjusted number of Americans filing claims for jobless benefits rose to 362,000 last week. Economists forecast 352,000 claims. Applications for unemployment insurance payments increased by 8,000 in the week ended March 3, Labor Department figures showed.

    The Government Jobs Report is 19 minutes away.
     
  8. editec
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    editec Mr. Forgot-it-All

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    If the point of a economic system is to wisely and efficiently see to it that resources go where they are needed such that the citizens are thriving?

    Then yes, I am quite serious.

    Capitalism is broken again.

    It's fixable...that's the good news.
     
  9. FireFly
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    FireFly Bright F**ker

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    There is a big disconnect between Gallop & Government adjusted numbers.
     
  10. KissMy
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