posted on Feb, 3 2012 @ 08:19 AM
Today we are seeing another big monthly gain in jobs, and, as a result the unemployment rate is declining.
Unemployment fell from 8.6% to 8.3%.
243,000 jobs gained.
The 243,000 increase in payrolls was the most since April and exceeded all forecasts in a Bloomberg News survey, Labor Department figures showed in
Washington. The unemployment rate dropped to 8.3 percent, the lowest since February 2009.
Anywhere from 5-6% is considered "healthy" 7-8% is considered fair to bad. So already the economy is entering the phase where the economy is
considered "alright but needs a little improvement" ... even though we are short 5.4 MILLION jobs than we were in 2008? On average the USA
generates approx 1.8 million jobs in a year. Since 2008 that would be a deficit of 12.6 million jobs.
At the current pace of job growth it is going to take us years to get out of the debt of jobs we have in this country. Not only do we need employment
for all the people who lost their job, we also need to find employment for the hundreds of thousands every year that graduate college, or the millions
that immigrate here every year.
And for the Obamafanatics out there you're lucky. By Novemember the Unemployment rate should be around 7.5-7.8% at current trends, meaning the
economy will be nearing "good" stage. Even though there will still be millions of unemployed workers, and the economy still will be !@$^.
The unemployment rate, derived from a separate survey of households, was forecast to hold at 8.5 percent, according to the survey median. The drop
in the jobless rate reflected a 381,000 decrease in unemployment at the same time 250,000 Americans entered the labor force.
Yeah. You read that right. Government numbers make me sick.