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

Originally posted by JibbyJedi
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."

edit on 4-3-2011 by JibbyJedi because: (no reason given)

normal misconception: is that they get their numbers from people sighining up for unemployment benefits information,

actually those things have nothing todo with how the numbers are calculated, don't get me wrong their numbers are horribley off but look up the way they actually get their unemployment numbers it will make you even sicker, it is complete bs.

reply to post by Janky Red


Dont get complacent. Much of what you see, is because these folks who fill the parking lots, and jam the roads, have the impression that the upturn in the economy is sustainable. I beg to differ with that summation. First they hit the less affluent folks, by attacking their jobs and cutting benefits. Then they they started to financially "molest" the middle class, by attacking 401k's( market crash), and home values. Now they are starting to go after their own state employees and unions. Once they have raped them...its on to the "commercial real estate" values. When you think a little bit, does any one really "need" a fancy office in a billion dollar "highrise" with a million dollar view anymore, with the ability to tele-commute and save sh_tloads of money? Not in America... we just better hope that tourists find this place appealling, because being a nation of "servitudes", we really "need" the hospitality industry to flourish! (IMHO)

Originally posted by flashcube
reply to post by Janky Red

 

Dont get complacent. Much of what you see, is because these folks who fill the parking lots, and jam the roads, have the impression that the upturn in the economy is sustainable. I beg to differ with that summation. First they hit the less affluent folks, by attacking their jobs and cutting benefits. Then they they started to financially "molest" the middle class, by attacking 401k's( market crash), and home values. Now they are starting to go after their own state employees and unions. Once they have raped them...its on to the "commercial real estate" values. When you think a little bit, does any one really "need" a fancy office in a billion dollar "highrise" with a million dollar view anymore, with the ability to tele-commute and save sh_tloads of money? Not in America... we just better hope that tourists find this place appealling, because being a nation of "servitudes", we really "need" the hospitality industry to flourish! (IMHO)

Well the next thing they need to do is eliminate the minimum wage so that we stop the socialisms!
Then we need to close public school and privatize police... Next they need to get rid of all taxes that
tax the people who actually create jobs here. Then the roads need to be privatized along with water too

reply to post by Janky Red


Did my comments anger you? I did not intend for them to anger you. With all due respect almost all of what you are hoping for...is happening.



Well the next thing they need to do is eliminate the minimum wage so that we stop the socialisms!
Then we need to close public school and privatize police... Next they need to get rid of all taxes that
tax the people who actually create jobs here. Then the roads need to be privatized along with water too


"almost all", I said. Also, please dont stone the messenger, and "he who angers you, does in fact, control you".

Originally posted by DimensionalDetective

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)

Fools gold

In January the unemployment rate was: 9.8% and you want to tell me it dropped 9% in one month? Well, I want to see the jobs that were created and I want to see how many of those people are part-time, temporary, non full time employees. Then, I just may believe this crap.

reply to post by DimensionalDetective

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...

You beat me to it.

I was just about to jump all over that article. What the number show is people WITHOUT jobs are falling of the Unemployment rolls and into the bowels of the "Unemployable"

If you do not get a job within six months HR departments figure you are "UNDESIRABLE" and will not even look at you.

The Government creates it's unemployment rate only on estimates from States of people claiming unemployment benefits.

All those no longer getting benefits who are unemployed....are no longer counted. The books are cooked.

reply to post by flashcube

nce they have raped them...its on to the "commercial real estate" values. ...

Hate to tell you they already have.

‘Whitewashed Windows and Vacant Stores’

As I drive around my town, I can’t get the lyrics or somber melody out of my head. It is like witnessing old friends drop dead one by one....

And, it isn’t just small enterprises. We lost a Circuit City, a Chevrolet dealership, tried-and-true franchises like Dairy Queen and Arby’s. Last week Sam’s Club announced it will close its local big box bulk store. Then came news that Wal-Mart, the parent company, intends to lay off 10,000 Sam’s Club Employees. Even the ubiquitous 99 cent stores have been cut in half....

So, the businesses that provided jobs are gone, the office and retail space sits vacant, likely in default. The windows get broken, the walls get tagged, the weeds grow, trash blows, and, with no one to stop it, nature begins the process of permanent destruction. The value of those businesses and real estate is now gone.

Once Wall Street realized that success can only be so profitable but failure has unlimited potential, the race was on to loan money and securitize the debt.

Just like sub-prime residential mortgages, commercial real estate financing and corporate raiding offer opportunities on many fronts. Private-equity groups bought up large retailers and buried them in debt. Leveraged buyouts, as their name implies, are exactly that, leveraged, in that most if not all of the purchase price is borrowed money. The buyer has little, if any, skin in the game.

You might be familiar with the mall-based, teen-focused, accessories chain, Claire’s Stores. It was taken over in 2007 by Apollo Management LP for $3.1 billion. At the time, the chain had over $245 million in cash on hand. Today, the cash is gone. Struggling under the weight of $2.3 billion in debt, sales continue to decline.

Underlying all of this are the same activities that led to losses in sub-prime residential equities. Money was looking for a home, and some investors saw that cash could be leveraged out of these enterprises by buying them with someone else’s money and looting the assets....

And they are setting up the next case of RAPE:

US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts

Many of you have asked me do I think the government is going to confiscate our 401 k and IRA accounts. The writer of this article thinks the process has started.

On August 26, the US Department of Labor issued a news release :www.dol.gov...

It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.” The hearings are being conducted by the Labor Department’s Employee Benefits Security Administration.

...as I understand it, is to push for the US government to eventually nationalize (confiscate) all assets in private Individual Retirement Accounts (IRAs) and 401K plans!

The US government is desperate to get its hands on private assets to help cover soaring budget deficits...

Obviously, an outright seizure of assets would meet stiff resistance from the public. So the confiscation will never be described as such by government officials. Expect to see terms such as “retirement income protection” thrown around. It is highly likely that such a program would be implemented in steps to help overcome public opposition.

The US government plan is to eventually take ownership of all assets in IRAs and 401K accounts and replace them with US government “Treasury Retirement Bonds.” In the October 2008 hearings, it was proposed that these bonds pay a 3% interest rate. Another major change is that, upon retirement, the individual’s retirement account would be converted into an annuity. Once the individual is deceased, the individual’s heirs would not inherit anything (similar to what happens now with Social Security “accounts”)....

reply to post by Janky Red

Then the roads need to be privatized along with water too....

ERRRrrrr

That has already happened. The US government sold them off to foreign investors.

And no I am not kidding. This is from a few years ago.

The Department of Homeland Security reports that up to 80% of our ports are operated by foreign companies. Foreigners are buying and operating US bridges and toll roads. Sale of the Birmingham Water Works to a French company was under consideration, but fortunately did not go through as foreign sales have in several US cities…. www.alabamaeagle.org...

reply to post by crimvelvet


Yes, you're right. Thankyou for adding to my thoughts and pulling up additional material for us to view. The best place to hide something is in plain view, so that gives them all the impotus to be so blatant about everything.

Originally posted by bputman

Originally posted by DimensionalDetective

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)

Fools gold

In January the unemployment rate was: 9.8% and you want to tell me it dropped 9% in one month? Well, I want to see the jobs that were created and I want to see how many of those people are part-time, temporary, non full time employees. Then, I just may believe this crap

I agree with you there how can the unemployment rate drop so quickly in matter in one month? its not easy getting a job second

The current unemployment looks like the our canadian one

In January the unemployment rate was: 9.8% and you want to tell me it dropped 9% in one month

Yup how is that even possible? that jobless rate went from 9.8% to 9.1% and now 8.9%? it just doesn't add up, people dont have jobs still.

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.

Exactly, I was going to explain that myself, and saw your posting. I went to our local job service last year, and your explanation is exactly what they told me. Basically, ignore the data that is being given to us, as it does not count anyone who has exhausted their unemployment, even though they are most likely still unemployed.

star

Harm None
Peace

8.9%? What a crock... They're just trying to quell the masses.

reply to post by DimensionalDetective

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...

Id say that about sums it up. The steady stream of BS coming from these crooks is as nauseous a diatribe as it gets!

Originally posted by crimvelvet
reply to post by Janky Red

 

Then the roads need to be privatized along with water too....

ERRRrrrr

That has already happened. The US government sold them off to foreign investors.

And no I am not kidding. This is from a few years ago.

The Department of Homeland Security reports that up to 80% of our ports are operated by foreign companies. Foreigners are buying and operating US bridges and toll roads. Sale of the Birmingham Water Works to a French company was under consideration, but fortunately did not go through as foreign sales have in several US cities…. www.alabamaeagle.org...

Free market baby!!!

God Bless America!

reply to post by SLAYER69

good work DD

SLAYER69, You are one of my faves.....Other than the #'s, do you really see any substansial effects that anything positive is happening to the U.S. economy...consumer confidence ? people are planting their own gardens with their tax returns.Check out what people are buying these days.

Among the never tracked #'s of unemployment are Construction small businesses...People that signed off their rights to file claims to unemployment....I am one...I have NODDA..ZERO...ZILCH I am so lucky to make $90 a week.And damned lucky to only spend $30 of it on gas to get their...must buy a bicycle and convert child carrier trailor to haul small tools.

Our Government lied to us,kept us in the dark, right up untill July 2008 remember? Its not hard for me to think they are lying to us now for the very same reasons they lied in the first place.

Look for underground economies...the old saying follow the money....in this case, follow the CASH MONEY

2012 election is coming up, since the elites already have picked a candidate why do people even bother to vote?
so i also assume the Unemployment rate dip is nothing more then obama booster.

It didn't read through all the comments....but hello! The unemployment rate is a bogus number....what calculated on the unemployment claims? Ok, what about the people that don't claim...say a spouse...too proud to make the claim. Then there are the self-employed, they can't even make a claim. What about the part-timers...so many people have resorted to a part-time job or two part-time jobs....they are not making claims, yet they are way below the level to even take care of one person.....what about those rates...HUH! Why don't you factor in those rates in your UNEMPLOYMENT SKEW!

Originally posted by Agent_USA_Supporter
2012 election is coming up, since the elites already have picked a candidate why do people even bother to vote?
so i also assume the Unemployment rate dip is nothing more then obama booster.

Exactly...already decided....you can waste your time and feel like you have a say, but in the long run...it has already been decided....so bend over and take it!

Originally posted by mikeybiznaz
reply to post by SLAYER69

 

good work DD

SLAYER69, You are one of my faves.....Other than the #'s, do you really see any substansial effects that anything positive is happening to the U.S. economy...consumer confidence ? people are planting their own gardens with their tax returns.Check out what people are buying these days.

Among the never tracked #'s of unemployment are Construction small businesses...People that signed off their rights to file claims to unemployment....I am one...I have NODDA..ZERO...ZILCH I am so lucky to make $90 a week.And damned lucky to only spend $30 of it on gas to get their...must buy a bicycle and convert child carrier trailor to haul small tools.

Our Government lied to us,kept us in the dark, right up untill July 2008 remember? Its not hard for me to think they are lying to us now for the very same reasons they lied in the first place.

Look for underground economies...the old saying follow the money....in this case, follow the CASH MONEY

edit on 4-3-2011 by mikeybiznaz because: have to keep the spell police off my back

Agree with the underground economies; look for the eliminaton of cash in lieu of some kind of( trackable) electronic "money"
The $600 1099reporting requirement from the "healthcarebill"...Same effect, nail down every red cent;who gets it, how where it went.get it back into thefedgov redisttribulte so it's "faaaaiiiiirrrr."its"expensive" to stamp coins and print paper bills.