Jobless rate slips below 10 percent

[oncedrove]

WASHINGTON - A surprising dip in the unemployment rate for January offers promise that the job market is finally stabilizing after a long, steep decline.

The latest employment data released yesterday were not all positive. The nation shed another 20,000 jobs last month, the Labor Department said. But the decline in the unemployment rate to 9.7 percent, from 10 percent, is the strongest sign yet that the economy is expanding quickly enough to begin making a dent in the vast ranks of the jobless.

toledoblade.com --
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YOU LIE is my comment!!!!!!!!

The area I live in lost MORE permanent job in december and january, some were between 500-700. I believe the feds are starting to use the same idea that my state is, if your not collecting unemployment you no longer count as unemployed which is BS.

 

[davekc]

You are right. The total amount of unemployed is the number to watch. The 9.7 is using folks with a temp census job and doesn't count the people who there benefits ran out.

 

[FIS53]

Quite right the numbers do not consider those who've given up or are off the UI rolls. Another area to see what's happening to the unemployed is to look at post secondary education institutions enrollment applications. Up here the apps for post secondary education have increased by 20%. This equates to thousands of new applicants for college or uni courses as an alternative to job hunting. Are the welfare rolls up? Again this is another area where you might see an increase as unemployment money ends. Up here welfare is helping to retrian a lot of people so as to get them back working and off welfare.
Rob

 

[xiggi]

The census will play a big game with jobless numbers over the next few months. Supposedly they are going to hire 1 million people so the jobless rate will reflect this. Then come July or so those people will go back on the jobless numbers.

The government in general has increased their payroll by huge amounts in the last year adding many people to their ranks. Those jobs we all pay the salary for and really do very little in the way of solving the economic problem overall.

 

[chefdennis]

the numbers are BS and a few in the fed gov do admit it..they change how the count them all the time...people that have exhausted their STATE FUNDED unemployment and then go on the EXTENDED FED FUNDED unemployment benefits are NOT COUNTED......the real number to look at it the feds own U6 number which in Dec was 17.5%....

What is U6 unemployment rate ?

The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons."

As for the Cenus workers, yeap i heard a million will be employed (mostly recruited by ACORN), but they will go back to the unemployment lines when the cenus is done...


And as of Jan 2009, (thank you barry) we now have more people employed by the fed government then in manufacturing and construction jobs COMBINED.....sad. really sad...but just one more step towards socialism....

America passes a milestone! Fabius Maximus

 

[greg334]

Our jobless counting program is skewed right from the start and with 7 to 23 revisions a month, there is a serious problem with any true representation of the facts.

Most of these numbers are derived from "new jobless claims" and submitted reports tot he states on mass job losses, but nothing else. This means that 9.7% of the population has been on unemployment but doesn't mean that 9.7% of the population shows the people who have been laid off from a job while working there for a few weeks or those who don't file for unemployment. It also doesn't indicate the people who stopped getting unemployment or stopped looking for work.

During the depression, the numbers were closer to reality, we had more than 37% non-farm unemployment and 25% overall unemployment. I think if we counted the unemployed as we did then, we would have nearly the same numbers.

 

[chefdennis]

Yeap the U6 number is the real number and i hadn't seen the Jan #, but soon they will be revised upwards as they do every month and i am sure and when the Feb #s come out, we will be back over 10% in the "BS #s and 17-18% for U6.....its all barrys attempt to tell us "it ain't as bad as it would have been" and, "things were worse then we thought"....and "I inherited this" and we need this "stimulus" to keep unemployment at 8%....

its all BS.....

 

[layoutshooter]

You got it wrong, OVM. I don't want ANYTHING to go bad for the U.S. I don't care WHO is in office. The facts are that the ONLY reason that the UI rate is "down" it that so many have given up looking. It will only get worse for a long time to come.

Obama is out to INSURE that we fail as an economy, a Nation and a military power. He HATES this country!!! He AND congress has to go!!

 

[chefdennis]

OVM wrote:

Ohhhh NOOOOO...it WAS our buddy Chef said the U6 number was the real number to believe!!!

Yeap I said it and i stand with it.....

 

[layoutshooter]

Why would anyone believe a lying sack of turkey dung like Obama? He was only in his third trimester the last time HE told the truth!! (anyone get the idea that I can't stand the sorry bum?)

 

[greg334]

BUT chef, they have yet to figure out an accurate way to determine U6 or U5 numbers, so all of them are meaningless until you actually count people.

 

[chefdennis]

Absolutely ALL of the numbers are BS, but the U6 is closer to real then anything else because it does taken into consideration the bulk of the people that the U1 and U3 knowingly leave off...come on, once a unemployed person has exhausted their state funded compensation and goes on the Fed extended payments they are no longer counted!?!? Explain how that is an accurate accounting of heads.....the U6 counts those numbers as well as those that are working part time after holding full time jobs the "under employed" as well as those that have even run out of the Feds extended benefits and those that just simply have stopped working...all of which the Fed gov does not count in the numbers they release to the media so they can fawn over and tell us how barrys ideas and plans are working....BS....

 

[chefdennis]

LOL!!! You want to know how that rate slipped below the 105 mark it will go back to?? The Fed Gov hired 33,000 more people in JAN!!! oh and only 9000 of them are temp jobs for the upcoming cenus......so that 24,000 new Taxpayer funded non productive jobs for the Fed.....yeap, its all getting better, keep telling yourselves


Recession chugs on, except in government
Examiner Editorial
February 8, 2010

Recession chugs on, except in government | Washington Examiner

from the article:

The federal civil service is rapidly expanding as Obama increases the size of government, with 33,000 new positions being added in January alone. Only 9,000 of those new slots were for temporary census jobs. In other words, what we are seeing is good times for the public sector and the growing prospect of a continuing and perhaps even deepening recession for everybody else.

you can read the complete article at the link above....

 

[greg334]

Yea OVM, you better not be negative or we will report you - all of US Citizens have that special phone number directly to the DHS Immigrant Negative Comment task force and they act fast.

We don't need any more of those subversive anarchist from Canada coming here and complaining about our system while forcing us to watch Curling and eat donair poutine.

 

[Oilerman1957]

Yeap the U6 number is the real number and i hadn't seen the Jan #, but soon they will be revised upwards as they do every month and i am sure and when the Feb #s come out, we will be back over 10% in the "BS #s and 17-18% for U6.....its all barrys attempt to tell us "it ain't as bad as it would have been" and, "things were worse then we thought"....and "I inherited this" and we need this "stimulus" to keep unemployment at 8%....

its all BS.....

But he did inherit this.

 

[chefdennis]

Oiler wrote:

But he did inherit this.

LOL, **** that is getting old....and he also told the country that he needed that Stimulus and when he got it that unemployment wouldn't top 8%......hmmmm i guess they misread that too....or were those extra 2% unemployed hiding in a box and a surprise to him a yr after he took office....

"he inherited it".... lol....

 

[Oilerman1957]

Oiler wrote:



LOL, **** that is getting old....and he also told the country that he needed that Stimulus and when he got it that unemployment wouldn't top 8%......hmmmm i guess they misread that too....or were those extra 2% unemployed hiding in a box and a surprise to him a yr after he took office....

"he inherited it".... lol....

Whats getting old is you guys not admiting he did, it not so difficult. Was unemployment not already going up when he took office? come on, say it with me, YESSSSSS

 

[greg334]

How does anyone who gets elected to an office inherit the problems? He knew as Senator what was going on, it wasn't like he came to work on the first day and had a great discovery - the big mess that we are in was hidden from view and he didn't see it at all. He was part of the problem, not the solution and it goes back to congress who handed the American people the problems in the first place, not just Clinton or Bush.

 

[Oilerman1957]

How does anyone who gets elected to an office inherit the problems? He knew as Senator what was going on, it wasn't like he came to work on the first day and had a great discovery - the big mess that we are in was hidden from view and he didn't see it at all. He was part of the problem, not the solution and it goes back to congress who handed the American people the problems in the first place, not just Clinton or Bush.

What? Im talking about unemployment. He knew about that, everyone knew about it. All im asking is, was umployment going up before he took office? simple he inherited it by becoming president, some on here are acting like that became a problem because he became president.

 

[chefdennis]

Sure unemployment was moving up when bush left office....but the fact is barry told the country that his STIMULUS PLAN was going to keep unemployment in check and it wouldn'nt get above 8%....those were his words, he said it, biden confirmed them (LOL thats funny in itself that joe is sober enough to confirm anything) and barry said in his 1st yr he would add 3 million NEW jobs...

So he wasn't going to let unemployment get past 8%, his stimulus was going to make sure of that, it didn't....and we have lost over a million jobs since he took office and they continue to change how they count the jobs from the stimulus because its all BS....and he inherited this process of how he was going to fix unemployment how!?!? I didn't know that bush had set barrys "stimulus" plan in motion before barry and nancy and harry even wrote it.......