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Unemployment rate dips to 8.9%, the lowest in nearly two years, 192,000 jobs created last month

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posted on Mar, 4 2011 @ 08:39 PM
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Whenever an announcement like this is made...I've always wondered just "who" the lucky job recipients are...and of course...what kinds of jobs were "created" within such short periods of one another. Joe Public would assume that
if such a drop in unemployment would be main line news....


Man...TPTB must think that the American People must be related to Dumb and Dumber...well...that's ok...we'll just let 'em keep on thinking that....hehe...




posted on Mar, 4 2011 @ 09:18 PM
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Originally posted by Holly N.R.A.
Whenever an announcement like this is made...I've always wondered just "who" the lucky job recipients are...and of course...what kinds of jobs were "created" within such short periods of one another. Joe Public would assume that
if such a drop in unemployment would be main line news....


Man...TPTB must think that the American People must be related to Dumb and Dumber...well...that's ok...we'll just let 'em keep on thinking that....hehe...


To answer your question...I heard on Mainstream Media...that although that was an impressive decrease in the rate for our times, the 190,000 jobs that were created were at the minimum wage level...thereby not able to sustain a liveable standard in our times.

I say a liveable standard...think about it, back in the 50's...one adult in the family worked...they had everything they needed and were still able to save a little....how is that even possible now....In a standard family, both adults are working their asses off...are in debt with no savings and no possible way out of the trap....

It is horrible...how do we get out of this.....

That brings me to the whole planned and organized....:"Looting of America" which I'm sure many of you have seen....If not go to Youtube and watch...the Looting was planned....its disgusting! It disgusts me!

Here's the link...it is a series, but well worth the watch!

www.youtube.com...
edit on 4-3-2011 by blazenresearcher because: (no reason given)



posted on Mar, 4 2011 @ 09:43 PM
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Originally posted by blazenresearcher

Originally posted by Holly N.R.A.
Whenever an announcement like this is made...I've always wondered just "who" the lucky job recipients are...and of course...what kinds of jobs were "created" within such short periods of one another. Joe Public would assume that
if such a drop in unemployment would be main line news....


Man...TPTB must think that the American People must be related to Dumb and Dumber...well...that's ok...we'll just let 'em keep on thinking that....hehe...


To answer your question...I heard on Mainstream Media...that although that was an impressive decrease in the rate for our times, the 190,000 jobs that were created were at the minimum wage level...thereby not able to sustain a liveable standard in our times.

I say a liveable standard...think about it, back in the 50's...one adult in the family worked...they had everything they needed and were still able to save a little....how is that even possible now....In a standard family, both adults are working their asses off...are in debt with no savings and no possible way out of the trap....

It is horrible...how do we get out of this.....

That brings me to the whole planned and organized....:"Looting of America" which I'm sure many of you have seen....If not go to Youtube and watch...the Looting was planned....its disgusting! It disgusts me!

Here's the link...it is a series, but well worth the watch!

www.youtube.com...
edit on 4-3-2011 by blazenresearcher because: (no reason given)


Thanks for letting me know that it's been covered in the main stream...don't watch regular TV news and haven't read too much about it online.

As for the "Looting of America"...darn right that it has been planned and for longer than anyone has suspected...more need to wake up and smell the load that has been dumped on us. Thanks for sharing the youtube connection.

Yes, it is disgusting...so what are Americans do about it???



posted on Mar, 4 2011 @ 09:44 PM
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reply to post by blazenresearcher
 


Exactly!!!. you dont have to raise prices on goods and services to have inflation.Only lower wages to see results of inflation..which is more staggering every day



posted on Mar, 4 2011 @ 09:48 PM
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The important part is that almost 200,000 jobs were added.



posted on Mar, 4 2011 @ 09:54 PM
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How many of this so called job creation is taking place in the 'public sector'? (aka parasite sector) I'm certainly no expert, but it is my understanding that every job 'created' by the government costs 2 jobs in the private (aka productive) sector due to the negative sum game that violence (government) must engage in.

How many jobs did the violent reallocation of wealth (aka theft and bribes) by the monopoly of violence (gov) cost the ever shrinking peaceful and free(ish) job market?
edit on 4-3-2011 by Neo_Serf because: (no reason given)



posted on Mar, 4 2011 @ 09:55 PM
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reply to post by DimensionalDetective
 

DD, in support of your thread, another article
www.cnbc.com...

Upon closer scrutiny though, there is another factor contributing to the drop that is not necessarily good news: The official size of the U.S. labor force is shrinking.

The Bureau of Labor Statistics publishes the “Labor Force Participation Rate” each month, along with a litany of other metrics that are used to give us the headline jobs number and the unemployment rate.



The government's definition of the labor force is all individuals 16 years of age and older, who are employed or seeking employment. It does not include students; retirees; anyone with unreported income, or "discouraged" workers.

The participation rate is the comparison of the "labor force," those looking for work or employed, and everyone else. That ratio is currently 64.2 percent seasonally adjusted, and 63.9 percent non-seasonally adjusted, the same level as last month. Both of those percentages are currently running at 27-year lows, meaning the percentage of Americans not working or even trying to join the work force is at a near three-decade high.

The last time the participation rate was above 66 percent — the 10-year average — was in August 2008.

It is imperative that we continue to monitor this relationship in order to determine if an improving unemployment rate means that American workers are finding jobs, or have just given up looking.



posted on Mar, 4 2011 @ 10:04 PM
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reply to post by beezzer
 


I havent mastered the posting of links just yet but did find another site that states this as well. Politicalcalculations.com. states that 1.2 million people quit looking for jobs since november 2010
edit on 4-3-2011 by dalemcfad because: (no reason given)



posted on Mar, 4 2011 @ 10:24 PM
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Most of the jobs created pay less than the ones that were lost.
We are in a downward spiral....not to mention the public doesn't realize what they are doing to themselves by supporting the billionaire/corporate machine rhetoric.



posted on Mar, 4 2011 @ 10:44 PM
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edit on 4-3-2011 by dalemcfad because: bad link



posted on Mar, 4 2011 @ 10:48 PM
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If 192,000 jobs were really filled....

I have to wonder how many were government jobs which is a further drain on our taxes.
and how many were private sector jobs actually creating growth.



posted on Mar, 5 2011 @ 12:18 AM
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I love it. Does that explain why a new job was posted on my university work-net? 7.35 an hour with a whopping 5 hours a week!

I swear I'm going to have to go into some sort of suspended animation before I see some work postings worth a damn here in my town.

But its cool if some people, even a few, have found work and it's not just entirely a pile of steamy bull poo.
edit on 5-3-2011 by SweetRevenge because: (no reason given)



posted on Mar, 5 2011 @ 12:20 AM
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I start my new job on monday! woohoo!



posted on Mar, 5 2011 @ 11:56 AM
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LOL---This guy and I pretty much echo one another's sentiments on this particular subject.

Everything is fine...Go back to sleep...


Don’t Worry, Be Happy: Unemployment Is Down, The Stock Market Is Up And The Economy Is Going To Be Just Fine

Haven't you heard? The coming economic collapse has officially been canceled. The U.S. economy is in full recovery mode. It has just been announced that the U.S. unemployment rate fell to 8.9% in February. That was the third monthly decline in a row. 192,000 new jobs were created in the U.S. during February. That was the fifth month in a row in which the U.S. economy has gained jobs. Corporate profits are way up. For the most recent month that numbers are available, sales of GM vehicles were up 49%, sales of Chrysler vehicles were up 13%, and sales of Ford vehicles were up 10%. Can't you see? The great American economic machine has roared back to life. The stock market is way up this year. The recession is over. Our financial system is more stable than ever. Pretty soon all Americans that want jobs are going to be able to get jobs and all of our government debts are going to be paid off. The greatest days for the U.S. economy are just around the corner. So don't worry, be happy.

Don't worry, be happy - the U.S. unemployment rate is falling and it will continue to fall. Don't be concerned that according to Gallup, the U.S. unemployment rate actually rose to 10.3% at the end of February. Everyone knows that U.S. government numbers are far more accurate than the numbers that Gallup puts out. Just don't pay any attention to the "doom and gloomers" and just keep on watching American Idol. Very soon there will be plenty of jobs for everyone.

Don't worry, be happy - globalism is doing wonderful things for the U.S. economy. Just look at all the incredibly cheap products from foreign nations such as China that are available in our stores. Do you think that all of this stuff would be so cheap if we didn't have free trade? We may have a massive "trade imbalance" right now, but this is just temporary as we transition over to a one world economy. The job losses may look bad right now, but once our wage levels go down low enough we will be able to export more stuff to the rest of the world. So don't be alarmed when the "protectionists" tell you that between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost. Those workers just need to get more "education" so that they can be competitive in today's global economy. And please don't listen to people like Alan Blinder, an economist at Princeton, who is projecting that offshoring will ulti­mately affect up to 40 million American jobs. The truth is that there are many jobs that simply cannot be outsourced. For example, workers over in China and India will never be able to flip the burgers that need flipping here in the United States and they will never be able to welcome people to your local Wal-Marts.

Don't worry, be happy - the fact that the number of Americans on food stamps has set another new all-time high (44 million) is just an indication that more Americans are learning how to use government services. At some point this number will start to go down as the U.S. economy roars back to life.

Don't worry, be happy - the fact that new home sales in the United States have been setting record lows just means that the only direction they have to go is up. As the employment situation continues to brighten, it is inevitable that the housing industry in the U.S. will surge to greater heights than ever before.

Don't worry, be happy - the fact that so many Americans are going back to work means that lots of additional tax money will soon be pouring into the coffers of state and local governments. In Idaho, Boise County has just declared bankruptcy, but that is just an isolated incident. We shouldn't be seeing too many more local governments default on their debts.

Don't worry, be happy - the economic improvement that we are seeing right now will soon mean that the austerity measures being implemented across the United States will soon come to an end. Yes, times have been tough in many communities lately. The following is an excerpt from a recent New York Times article that describes the brutal austerity that has been implemented in Vallejo, California....

Vallejo is still in bankruptcy. The police force has shrunk from 153 officers to 92. Calls for any but the most serious crimes go unanswered. Residents who complain about prostitutes or vandals are told to fill out a form. Three of the city’s firehouses were closed. Last summer, a fire ravaged a house in one of the city’s better neighborhoods; one of the firetrucks came from another town, 15 miles away. Is this America’s future?
Sadly, that article in the New York Times was far too negative. The truth is that things are starting to turn around. Soon our cities and towns will be more prosperous than ever and all of this "austerity" will just be a bad memory. It is only a matter of time.

Don't worry, be happy - Barack Obama has announced a great plan for reducing the federal budget deficit. As the U.S. economy grows at a 5 or 6 percent pace for the rest of the decade the budget deficit is going to just keep on shrinking. Thanks to Obama, our budget deficit will be reduced to 607 billion dollars by 2015. Obama's policies are going to lead to much greater financial strength for the U.S. government. Those that are warning that the U.S. government cannot handle this much debt simply do not understand history. As a percentage of GDP, our debt really isn't that bad. When analyst Mary Meeker recently told BusinessWeek that the U.S. government has a "net worth of a negative $44 trillion" she was just exaggerating the situation. The truth is that the U.S. government is on really solid ground financially.

Don't worry, be happy - the price of oil cannot possibly stay this high. Yes, U.S. crude rose to $104 a barrel today, but that is just because of the crisis in Libya. The American people are just going to have to deal with higher gas prices for a few weeks. ABC News is reporting that regular unleaded is selling for $5.29 a gallon at one gas station in Orlando, Florida. But of course that won't last for too long. Things will get back to normal soon.

Surely Barack Obama and his crack team of national security experts are on the verge of solving the crisis in Libya even as we speak. With incredibly competent diplomatic professionals such as Hillary Clinton on the job, it is only a matter of time until the chaos in the Middle East comes to an end.

The peace and stability that the Obama administration is going to bring to the Middle East is going to drive oil prices back down. So please don't worry - you will probably be paying 2 dollars for a gallon of gasoline by Christmas. The price of oil is not going to set a new record high and it is not going to cause another financial panic like we witnessed back in 2008.

Everything is going to be okay. Please do not listen to any of the "doom and gloomers", the "gold bugs", the "protectionists", the "armchair economists" or the "conspiracy theorists". Do you think that they know more than the highly educated experts in the Obama administration, the highly educated experts running the Federal Reserve or the highly educated experts on the mainstream media?

Yes, we have had some "glitches" in the economy recently, but very competent people are very busy fixing all of those problems. So instead of being obsessed with our "economic problems", you should just relax and have some fun. Baseball season is getting ready to start and all month fantasy baseball leagues are going to be forming. Now is a great time to join one. A new season of Dancing With The Stars is going to begin shortly, and this cast looks like the best one yet. Jennifer Lopez and Steven Tyler have been wonderful additions to American Idol this season. Did you see the dramatic unveiling of the "final 13" on Idol the other night? It was great television. A new Matt Damon has just come out and Justin Bieber just got a new haircut. Life in America is good.

Many of you already have to work two or three jobs just to pay the bills. Why spend your precious free time reading websites like The American Dream which will just get you all riled up about the state of the economy for no reason whatsoever?

There is nothing to worry about.

Everything is under control.

Don't worry, just be happy.


endoftheamericandream.com...



posted on Mar, 5 2011 @ 12:36 PM
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reply to post by SweetRevenge
 


yeah, pay the mortgage now over velued at 40% the 2 cars at $450ea. and insurance who knows not to mention gasoline utilities and communications/ home entertainment all on $7.35 hr @ 5 hrs weekly.....like I say They dont have to raise the price on goods and services to have Hyper Inflation with these new jobs they are creating...Uncle Barry, "you da man"



posted on Mar, 5 2011 @ 12:45 PM
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reply to post by blazenresearcher
 


You have a good point there but you also must remember the 50's were after ww2, to the victor the spoils. oil was much cheaper back then. your average joe didnt have cable bills, cell phone bills, fast food 3 times a week, $100 gym shoes, $100 jeans, huge flat screens, home computers etc etc. materialism in this day and age is like a drug that we are all addicted to in one way or another. this is why its hard for people to amass wealth nowadays. nowadays you have to not only bust your hump all week, but also live like a miser to amass capital.
edit on 5-3-2011 by conspiracy nut because: used wrong word



posted on Mar, 8 2011 @ 12:27 PM
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Gallup Finds U.S. Unemployment Hitting 10.3% in February

Snippets:


Underemployment surged to 19.9% in February from 18.9% at the end of January

PRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.

There is essentially no difference between the unemployment rate now and the one at this time a year ago; January's rate, in contrast, showed a 1.1-percentage-point year-over-year improvement. This suggests that the real U.S. jobs situation worsened in February. That is, jobs are relatively less available now than in January.

Warren Buffet said Wednesday on CNBC that the U.S. unemployment rate should be in the low 7% range by late 2012. If that is going to be the case, the job creation environment must change dramatically from what it is today.



posted on Mar, 8 2011 @ 02:47 PM
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The real unemployment rate is up around 23%

www.shadowstats.com...



posted on Mar, 8 2011 @ 04:45 PM
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I keep having a kind of reverse deja vu...

See I was posting here before the economic crisis started...when GWB was in office.

And there were all of these threads by Right Wing posters explaining how the rising unemployment numbers and the sinking economy was just bad numbers and BS put out by democrats to make the GOP administration look bad.

Tons of those threads...The Economy Isn't Tanking: PROOF!

Now, years ater, when it is recovering I see the same thing...folks pretending the economy isn't recovering simply becuase a Democrat is in office.

Just a reality disconnect fed by idealogy.



posted on May, 3 2012 @ 05:49 PM
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That 8.9% figure is a lie. If you add 15% to 8.9% you get the correct unemployment rate. MSM sold their souls. Everything they put out is a stretch of the truth or an outright fabricated lie. Think of it this way. When Bush was in office the economy was considered trashed and it was way better than it is now and we was in the middle of two wars!!! Now since Obama has been in office we're 6 trillion dollars more in debt, but the unemployment rate is dropping?? This is all circus acts of smoke and mirrors. You better get your rubber chest waders out because the BS is getting deeper and deeper.
edit on 3-5-2012 by sean because: (no reason given)



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