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Feb. unemployment rate remains unchanged at 9.7 percent

Crabtownboy

Crabtownboy

Well-Known Member
Site Supporter
Labor force report ..............

Job losses were mild in February despite extreme snowstorms in much of the country, according to a government report released Friday, suggesting that while the labor market remains weak, it is no longer getting worse.

Employers cut 36,000 net jobs, the Labor Department said, and the unemployment rate was unchanged at 9.7 percent. Economists had expected losses of 50,000 or more jobs and for the jobless rate to tick upward.

President Obama said Friday that the jobs figure were "actually better than expected" considering the severe snowstorms that struck the East Coast in February, which he said apparently "had a depressing effect on the numbers."

In remarks at an energy-efficiency company in Arlington, Va., Obama said the nation's jobless rate nevertheless is still "more than we should tolerate," and he called for congressional action on proposals to boost employment, notably clean-energy jobs.

Forecasters believe that the snowstorms across the Northeast and other parts of the nation in the second week of February -- the week that the payroll numbers are based upon -- led to tens of thousands of reported job losses that were in fact caused by construction, retail and other workers whose hours were cut to zero because of snow. That suggests there could be a bounce-back in the payroll numbers in March, creating significant gains.

Taken together, the numbers suggest a labor market in neutral, but with extraordinarily high numbers of jobless workers. There were 14.9 million unemployed Americans in February, little changed from January, the report said.

http://www.washingtonpost.com/wp-dyn/content/article/2010/03/05/AR2010030500571.html?hpid=topnews
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Bro. Curtis

Bro. Curtis

<img src =/curtis.gif>
Site Supporter
"Today us a big day in America. Only 36,000 people lost their jobs today, which is really good,....."

Harry Reid, 3/5/2010
 
T

targus

New Member
Crabtownboy said:
At least the downward spiral that Bush started may be leveling off and bottoming out!
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And there it is - the obligatory Crabby Bush bash. :thumbsup:

So tell us - what did Bush do - SPECIFICALLY - to create the downward spiral in employment?
 
D

donnA

Active Member
and obnama isn't helping it at all, unless you cuont his lies about jobs saved that never existed.
 
Crabtownboy

Crabtownboy

Well-Known Member
Site Supporter
targus said:
And there it is - the obligatory Crabby Bush bash. :thumbsup:

So tell us - what did Bush do - SPECIFICALLY - to create the downward spiral in employment?
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Just giving credit where credit is due.

This whole economic mess is part of the Bush legacy. His legacy is not pretty and historians will rate him very low in the presidential pecking order.

Do you want the unemployment rate to continue upward?
 
T

targus

New Member
Crabtownboy said:
Just giving credit where credit is due.

This whole economic mess is part of the Bush legacy. His legacy is not pretty and historians will rate him very low in the presidential pecking order.?
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As per your usual - you've got nothing.

My, my - what a surprise.

Crabtownboy said:
Do you want the unemployment rate to continue upward?
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Why do you bother to ask such idiotic questions?

Other than Obama and his cadre of socialist/communist/marxist advisors and hangers-on everyone wants the unemployment rate to go down.
 
Salty

Salty

20,000 Posts Club
Administrator
What would be interesting would be the unemployment rates of the several states or commonwealths.

I am sure some states or commonwealths or higher and some are lower.

If so, then why.

Just today on the news it was reported that Birdseye in Rochester, NY is moving out of state -...
 
Bro. Curtis

Bro. Curtis

<img src =/curtis.gif>
Site Supporter
Salty said:
What would be interesting would be the unemployment rates of the several states or commonwealths.

I am sure some states or commonwealths or higher and some are lower.

If so, then why.

Just today on the news it was reported that Birdseye in Rochester, NY is moving out of state -...
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Also, just think of this year's collegiate graduating class. No jobs for them, and no way for the media to count them as "jobs lost".

An ignorant libbie's dream.
 
W

windcatcher

New Member
These figures are not true representations of unemployment. Many have dropped off the screen either due to part time employment, or stopping their job search. Many have been so discouraged that they've 'retired' and are now cannibalizing whatever savings and planned retirement they had saved.

The actual figures are more likely closer to 20% than 10%.

Gotta run with my brother now and keep the Waffle House Waitresses emplyoyed.
 
T

targus

New Member
windcatcher said:
These figures are not true representations of unemployment. Many have dropped off the screen either due to part time employment, or stopping their job search. Many have been so discouraged that they've 'retired' and are now cannibalizing whatever savings and planned retirement they had saved.

The actual figures are more likely closer to 20% than 10%.

Gotta run with my brother now and keep the Waffle House Waitresses emplyoyed.
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Yup.

http://www.baptistboard.com/showthread.php?t=64933
 
Salty

Salty

20,000 Posts Club
Administrator
windcatcher said:
These figures are not true representations of unemployment. Many have dropped off the screen either due to part time employment, or stopping their job search. Many have been so discouraged that they've 'retired' and are now cannibalizing whatever savings and planned retirement they had saved.

The actual figures are more likely closer to 20% than 10%.

Gotta run with my brother now and keep the Waffle House Waitresses emplyoyed.
Click to expand...

Is that what you have heard, or is that based on actual research.
 
W

windcatcher

New Member
Salty said:
Is that what you have heard, or is that based on actual research.
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Be sure the MSM mostly reports the most optimistic of the government figures after the government had made adjustments. They just fail to tell you whether the figures quoted are total or adjusted downward and by what circumstances.

Targus has the correct figures. But MSM is serving the government by keeping us sheeple happy and sedated....... unless or until we get touched by reality.
 
Trotter

Trotter

<img src =/6412.jpg>
I can tell you about unemployment as I am there. I have been unemployed for 429 days and counting as I was laid off on Jan. 1, 2009. I drew my last check this week. I don't know if they is an extension or not... there is supposed to be, but with the way things are going I'm not so sure. I have to go to the Department of Labor on Monday and file for the extension, so I guess I will find out about it then.

The numbers lie. Targus posted the true rate, and I think it is even higher around here. I have put in countless applications and have had about six interviews in the past fourteen months... but no job offer. And they say it is getting better...? Try telling that to my mortgage holder, or the utility companies, or my bank. I draw less than half of what I made and it is our only income... and we may be without it come Monday.

No one can lat the blame for this at the feet of any one person, be it Bush or Obama. Rampant greed and unchecked markets created this mess, and it has been in the making for 20 years. There's nothing any of us could have done to stop it. Until the hemorrhaging stops and companies feel that it is safe enough to hire it will only get worse.

God help us.
 
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