Unemployment at a 4 year low...
- Thread starter Jarod
- Start date
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The Almighty
Why don't you tell us what caused the drop from 7.9 Jarod?
People got jobs. Duh
I'm Watermark
Diabetic
Republican platform 2013: Blame the unemployment on Democrats, allow a measure through that'll increase unemployment.
Knee jerks to the left are no better than those to the right. There is truth in the "rant" and you do yourself no favors by ignoring it. The labor force contracted by 130,000 and the labor participation rate declined to 63.5%.
http://www.nytimes.com/2013/03/09/business/economy/us-added-236000-jobs-in-february.html?_r=0
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The Almighty
Yes, about 236k... which is not enough to knock the rate down by 0.2%. Which was my point. Jarod wants to dismiss the other reasons for the decline because he doesn't understand them and thinks they are just a talking point from the right.
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The Almighty
It was a good number, at least from the number of newly hired stand point. If we can generate that consistently it will certainly be a sign that we have finally turned the corner. Your point on the long term unemployed is a good one and something that people should be focusing on. They are becoming 'undesirable'.
It's not so bad for the recently unemployed, but the job prospects for the long-term unemployed are terrifyingly bad:
http://www.theatlantic.com/business...rifying-long-term-unemployment-charts/266118/
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That kind of stuff really is sad. I wish employers could remove that stigma for periods like the one we just experienced - even some of the best, most qualified people have had a hard time finding work, for lengthy periods of time.
I can't imagine the hopelessness that some of the long-term unemployed feel right now.
The number of Americans designated as "not in the labor force" in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February. The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.
The increase marks the second month in a row, after rising in January from 88.8 million in December. Those not in the labor force had declined in December from 88.9 million in November.
The nation's unemployment rate decreased to 7.7 percent in February, down from 7.9 percent in January. Overall unemployment “has shown little movement, on net, since September 2012,” the Labor Department said.
http://tinyurl.com/a74pdcx
Obama still setting records.....his legacy,
record long term unemployment under President Obama is at the highest level since at least the end of World War II
record -- of continuous unemployment
record numbers getting disability
record numbers getting food stamps
record number of years Senate has not passed a budget
record high national debt
record of military suicides
record of military kia in Afghanistan
record High Gasoline at Pump Averaged in 2012
record largest monthly deficit in history in February at $223 billion...CBO ( deficit for the ENTIRE Year of 2007 year was $62 billion lower than this one month)
record 'first'....debt rating has been downgraded for the first time in our history under Obama.
record....The number of Americans designated as "not in the labor force" in February, 2013 was 89,304,000, a record high,
First pinhead to propose 2 budgets that even his own party refused to vote for....
record long term unemployment under President Obama is at the highest level since at least the end of World War II
record -- of continuous unemployment
record numbers getting disability
record numbers getting food stamps
record number of years Senate has not passed a budget
record high national debt
record of military suicides
record of military kia in Afghanistan
record High Gasoline at Pump Averaged in 2012
record largest monthly deficit in history in February at $223 billion...CBO ( deficit for the ENTIRE Year of 2007 year was $62 billion lower than this one month)
record 'first'....debt rating has been downgraded for the first time in our history under Obama.
record....The number of Americans designated as "not in the labor force" in February, 2013 was 89,304,000, a record high,
First pinhead to propose 2 budgets that even his own party refused to vote for....
zappasguitar
Well-known member
cawacko
Well-known member
So jobs are the only metric that effects the unemployment rate?
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Looks like NOVA is still gunning for "Most Insanely Predictable Poster" for 2013.
People quit looking....You'd thing even a dimbulb like ZG would get that....
Americans not in the labor force increased 296,000 between January and February, 2013
Can't refute the post ?.....then stfu.
Everyone should be aware of Obamas accomplishments....
LOL ignore reality much?
Dixie - In Memoriam
New member
7.7% Unemployment is extremely high by historical standards. In fact, we are currently in the longest period of UE above 5% in the history of the nation. Even the Great Depression didn't last this long. We're now going on 6.5 years, with no real end in sight, and here you are, crowing proudly over an unemployment number higher than George W. Bush ever saw, and yet, he was the "worst president in history" and it was the "worst economy since the Great Depression."