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

[rightwinger]

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."

 

[RetiredGySgt]

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."

Once again no new jobs have appeared but we are to believe that as Hundreds of thousands every month lose their jobs some how the Unemployment numbers went DOWN?

You know how that works right?

 

[uscitizen]

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

 

[Oldandtired]

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."

Once again no new jobs have appeared but we are to believe that as Hundreds of thousands every month lose their jobs some how the Unemployment numbers went DOWN?

You know how that works right?

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 positive number of jobs lost is a very bad scenario....morale is slipping quickly.

 

[VaYank5150]

According to the righties in a separate thread, "Government does not create jobs", so this should have no reflection on Obama.

 

[Contessa_Sharra]

Takes a little time, just like it did not get this bad overnight, that took a few years for the "right" to accomplish!

 

[Xenophon]

Ah, our weekly 'good news about the economy' thread, to be followed on Monday with the truth, more bad news.

Instead all this hoping, why don't you wait until there actually is good news?

 

[Oldandtired]

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

and morale loss as well.

These numbers are not what they appear on the surface.

I would prefer to see 10% unemployment and no new unemployment claims.

 

[Oldandtired]

According to the righties in a separate thread, "Government does not create jobs", so this should have no reflection on Obama.

It does not have any reflection on Obama.

 

[VaYank5150]

According to the righties in a separate thread, "Government does not create jobs", so this should have no reflection on Obama.

It does not have any reflection on Obama.

You should tell Xenophon that. Of course, he may try to make a bet with you and then run and hide when he loses, so be prepared.

 

[Oldandtired]

According to the righties in a separate thread, "Government does not create jobs", so this should have no reflection on Obama.

Or will Gibbs be out there today saying "looky what we did"?

Interesting to see how they deal with these numbers. I say it best to address morale....not how "the stimulus is starting to work"

People are getting sick of the spin...they know more than the administration gives them credit for.

 

[Xenophon]

According to the righties in a separate thread, "Government does not create jobs", so this should have no reflection on Obama.

It does not have any reflection on Obama.

You should tell Xenophon that. Of course, he may try to make a bet with you and then run and hide when he loses, so be prepared.

Mr neutrality again.

Hate to tell you this, but 'independants' don't live up Barry's ass as you do.

Fraud.

 

[theHawk]

I remember when it was "bad news" when unemployement was 5.9% under Bush.

 

[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

 

[Xenophon]

Whats the problem with posting positive news on the board once and a while?

Becuase it ends up being an illusion, a chimera and is most often put out to help failing poll numbers.

How about we see some real good news, instead of the lastest 'i hope its better' publum that keeps being spit out.

 

[Dr.House]

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

I was wondering who would be the first lib to claim this is "good news"... I thought it would be between you and rdean, so congrats on that...

Even the woman who read this on NPR this morning said not to get exited about this because it just means more people stopped looking for work or had their benefits run out...

The hint should have been that unemployment fell while the nation lost 20,000 jobs...

 

[Truthmatters]

Good thing Obama extended the benifits for these people huh?

 

[Xenophon]

Good thing Obama extended the benifits for these people huh?

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

 

[Oldandtired]

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.

 

[Oldandtired]

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.