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

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

www.nydailynews.com

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%.

(visit the link for the full news article)

And in other news today, pigs began to fly, a cow jumped over the moon, Alice in Wonderland declared it was opposite day---What's up is down, what's down is up, what's black is white, what's day is night, etc., etc...

The pathological liars from the gov and labor department continue their charade of numbers skewing and pie chart manipulations in their ever-pathetic attempts to keep the masses pacified that everything is hunky dory, that unemployment rates are actually SHRINKING all the time, while they are in fact growing exponentially with each passing month.

Charts by experts OUTSIDE of the gov's pie-chart manipulators show the REAL unemployment rate to be nearly THREE TIMES as high as the cushy, BS-laden numbers they try and pass off!

More lies and propaganda from our pinnochio propaganda machine. Another day at the office of blowing smoke up the populace's backsides. I wonder how much longer folks are going to continue to buy into this nonsense?

www.nydailynews.com
(visit the link for the full news article)

Atleast the current pres. is trying to keep his civilians employed. When he first spoke of making jobs return I felt it was not impossible but knew it would be a hard task. So atleast more folx can support their families now.
Good News s&f

I was gonna say, 8.9%?? More like 25-30% in some areas, no exaggeration there. In some towns it's a 1:3 jobless ratio. Their numbers also never include expired benefits, those who haven't filed yet, the lazy types not doing anything about a job, and the under employed workers out there.

I long for the day when people stop going by their "words" and start looking at their "actions."

Originally posted by JibbyJedi

I long for the day when people stop going by their "words" and start looking at their "actions."

Im am sure many can see their actions and acknowledge there is a long road ahead. But atleast some got to get employed again. And yes its wrong that the numbers dont include those who have been cut off benefits..

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.

The other thing worse is financial reports.

"Market boosted by bank earnings"

"The economy slowed today bringing fears of a double dip recession"

"The market grew 2.3% this week on good jobs growth"

la la la

The original figure seems low for unemployment but who knows

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.

The main reason for the drop in unemployment figures everytime it happens is because there are a lot of people that are no longer receiving unemployment benefits. So really its like ~40k people might have found jobs while ~150k people are no longer receiving what little they did because they haven't been able to find a job for an entire year.

Theres one inherent problem with the way they always present their data, that being their unwillingness to break this down into age groups. On the surface, the rate might be "8.9 %" what if you look a little deeper into things youll find that the people in the age group of say 18-24...the rate right now, might be "triple or more than that 8.9%" stated above. Now these are kids who need the jobs the most. Kids going thru college, accrueing debt up the wazoo, often on required subjects totally un-related to the field in which they wish to pursue. The brat teenagers who only "graduated" highschools, because of "social advancment" reasons. Yep, you know the ones, who begged and kicked and screamed because if they didnt get the exact "shoes" or "pants" or "games" that they wanted, yes those are the ones who need a job! Its time to go out and help mommy and daddy support their lavish, cozy little lifestyle they've grown accustom to.m But, wheres the data that shows that in fact unemployment for this age group is made not to appear "IMPORTANT", when its most important and pertinent to understand, only by using the "averages", they are able to supress the horrible, abhorent truth!
Maybe this didnt make to much sense right now but everytime I see / they show, the so called "unemployment rate"....it pisses me off. Look up the data yourself. Its nearly impossible to get to and once you do, they dont make it "easy" for you to read but it is there. Also, go to your individual States website and do the same thing. small warning "get a barf bag ready"

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.

They should be taking in statistics on new hires, through whatever it is that gets used as a tax number - in Canada, when we are hired, our Social Insurance Number (SIN) gets registered with the tax departments.

If the newly hired people comes close to what the numbers on "no longer on unemployment insurance" come close to each other, it would be more accurate. There would also have to be built in calculations on young people entering the work force for the first time, and people working under the table ( not paying taxes), people retiring. Also the numbers of forgotten homeless people, disabled, etc. They don't look at nearly enough numbers.

Then also PROPER GDP numbers, exports, etc. they might get closer to what the real number is.

Just looking at the economic shape of the US, a person can tell that unemployment is way higher than what they say.

I just think it's hilarious, to be entirely honest.

The longer this circus unfolds, the more people realize the insanity and say no more!

The less minds that are sucked into the propaganda the better, so I say continue to spread outlandish lies, so more people will wake up as fast as possible!

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.

Every so often, some little known article in the Federal Register or other such government publication relates some adjustment and changes to the forecast parameters - these "adjustments" materially redefine the simulation model until the desired outcome is received.

For example:
* one could look at unemployment filings while ignoring expired or fully paid out benefit claimants
* one could use polling to generate quantative parameters for the econometric model - like what percent of non-wage earners has looked for a job during the past year or other period
* one could ignore SSI/SSDI claimants in the unemployed statistics
--- the list goes on forever, with each economist having perfectly justifiable reasons (in their own minds) for remodeling the numbers (other than their masters pay them to produce models with predetermined results)

So yes, the poster who stated that manipulation of the data was the problem is correct. However, there are so many more points of manipulation in these extremely complex models that are subject to "correction" that actual manipulation of the data is not required. Sometimes a minor inside news story will break on a weekend stating that the Fed or SEC or "Chief Economist" has made an adjustment - that's a strong tip off that something is afoot. Remember that there are no "free market" economists - every single one of them is paid by someone to produce results and every single one of them acts appropriately to preserve their own economic interests (jobs).

add - That includes Paul Krugman!

ganjoa

reply to post by DimensionalDetective




Oh, come on DD.
It's a positive move in the right direction.
Not everything has a conspiratorial backing.

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?

Those unemplyment numbers are so misrepresentative of the US workforce. They are so out of touch with reality. Always remember they are playing politics. Probably hired a bunch of consultants to figure out the new numbers.

If you're interested in government labor statistics (I know, I know. They're all questionable, but you've got to start someplace. The Bureau of Labor Statistics (bls.gov) is the place to go. I'll link to a table which shows their broadest measure of unemployment is at 15.9%. That number will be corrected in a few weeks (and it's usually corrected upward).

www.bls.gov...

reply to post by DimensionalDetective



I see a positive move in the right direction. I haven't read anywhere yet where they state

"It's Awesome" I don't think even those jugheads running this monkey show believe for a second that the American people would believe that line of bull for a second.

Hmm.. Maybe its all the t(errorist) s(tate) a(gency) thugs.. ministry of propaganda and corporate murderers they hired that are counted ... Rather than the true civilian unemployment numbers...
After all the state needs all the minions it can get to better oppress the citizens.. erm.. protect the citizens from the boogieman.. erm.. to make the slaves feel better.. Big Brother wouldnt lie over a wee little thing like statistics..

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?

well DD, the people who fund the government had a party at their NY based casino yesterday. Also on a personal
note... my city is BUSY, no B.S, almost every parking lot you see is jam packed from morning until night... I suspect the "turn around" has already happened, now it is a waiting game to have the real estate market reflect it
too (real estate typically follows the business cycle) Not saying that we aren't buried in debt or anything like that however