Unemployment Way Down to 9.7 Percent.

Discussion in 'Economy' started by Neubarth, Feb 5, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Sadly according to the federal information mill, enough people dropped out of the Labor Force that Unemployment is plummeting.

    The American Sheeple will believe anything.
     
  2. Oldandtired
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    Oldandtired BANNED

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    On the surface, people are dancing and the admninistration will be whooping it up for a couple of days.

    In reality, 20K jobs were lost so a .03% drop in unemployment simpoly means that 3% of those that are unemployed gave up looking or their unemployemnt benefits expired.

    Sadly, a drop in unemployment coupled with any increase in jobs lost is a very bad scenario....morale is slipping quickly.

    Interesting to see how the administratioin spins it. I hope they spin it in an effort to boost morale and not in an effort to make themselves look like heroes.
     
  3. Nonelitist
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    Nonelitist BANNED

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    Since Libs will say Obama helped the numbers get to this low mark of 9.7... I guess everything that happens from here is on Obama... right?

    I doubt it. They will both claim this was his doing and then deny that he had anything to do with the next negative report.

    Truly some ignorant and dishonest people.
     
  4. Oldandtired
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    Oldandtired BANNED

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    There is no "anyone doing" with these numbers.
    20K more unemployemnt claims....yet unemployment down 3%.
    Simply means more people lost hope or unemployment benefits terminated.....a very very small number actually went off unemployment with a job per these numbers....if any at all.
     
  5. xsited1
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    xsited1 Agent P

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    There is no question the stimulus is working. Imagine what the unemployment rate would be if the stimulus had been $2 trillion. I'm guessing around 9.6%.
     
  6. uscitizen
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    uscitizen Senior Member

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    Everything is fine, the parking lots at the mall are pretty full.
     
  7. Truthmatters
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    Truthmatters BANNED

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    Ah the Toppy effect
     
  8. pinqy
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    pinqy Gold Member

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    Labor Force
    December 2009: 153,059,000
    January 2010: 153,170,000

    So what math are you using? The Labor Force went UP.
     
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  9. SwingVoter
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    SwingVoter VIP Member

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    problem is how the Dept of Labor uses two separate surveys and calls it one report

    9.7 is from the household survey, jobs lost data is from the business survey, there is no way to reconcile the two as is trying to be done here
     
  10. mascale
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    mascale VIP Member

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    Which does not fly in the face of reason: People were apparently being hired, if not yet paid, in recent weeks.

    Employment Situation Summary Table A. Household data, seasonally adjusted

    There were genuine decreases in unemployment, possibly reflecting the manufacturing and temp help increases of the separate survey!

    "Crow, James Crow: Shaken, Not Stirred!"
    (Light skinned people with no negro dialect: Still better off(?)! Illegals now find work, again!)
     
    Last edited: Feb 5, 2010

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