It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
The U.S. unemployment rate dipped to 8.9% in March, the lowest mark in nearly two years, according to the latest report from the Labor Department on Friday.
The report stated 192,000 jobs were created last month.
Economists had predicted between 175,000 and 200,000 jobs would be created in February.
The unemployment rate had been at 9.1% in February. The rate was last below 9% in April 2009.
As recently as November 2010, the rate was 9.8%.
Originally posted by JibbyJedi
I long for the day when people stop going by their "words" and start looking at their "actions."
Originally posted by Greensage
Unemployment rates are based on new filings; as each person exhausts their benefits they are no longer considered "unemployed".
However, if there were a way to have those that are unemployed who do not receive benefits counted, the news would be shocking.
They are manipulating the data based on false presumptions in my opinion.
Originally posted by boncho
Is there any statisticians that can explain how these people get there numbers? Because reports like these come out every few weeks and they are always in contrast of each other.
Originally posted by DimensionalDetective
reply to post by SLAYER69
It is if one actually BELIEVES it. lol
One thing is for certain---We can always count on THE FED and the Labor Dept to come up with strikingly similar numbers in how "awesome" things are going. Coincidence?