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Jobless Rate Drops to 7.7 Percent

March 9, 2013

WASHINGTON (AP) — The American job market isn’t just growing. It’s accelerating. Employers added 236,000 jobs in February and drove down the unemployment rate to ....

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(10)

KICKSTAND

Mar-10-13 4:28 AM

mo money, mo money, mo money. america is back on track after bush destoryed it.

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impact

Mar-10-13 1:05 PM

Wherre ar the right wing creeps now?

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Thebudman

Mar-10-13 9:04 PM

Here we are:

Total nonfarm payroll employment increased by 236,000 in February, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, construction, and health care.

Household Survey Data

The unemployment rate edged down to 7.7 percent in February but has shown little movement, on net, since September 2012. The number of unemployed persons, at 12.0 million, also edged lower in February. (See table A-1.) …

In February, the number of long-term unemployed (those jobless for 27 weeks or more) was about unchanged at 4.8 million. These individuals accounted for 40.2 percent of the unemployed. (See table A-12.)

The employment-population ratio held at 58.6 percent in February. The civilian labor force participation rate, at 63.5 percent, changed little. (See table A-1.)

From the BLS February Jobs Report

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Thebudman

Mar-10-13 9:07 PM

Some more useful information:

The unemployment rate fell partly because more people said they got jobs, but also because 130,000 people dropped out of the labor force. …

Private sector employers added 246,000 jobs. Employers have been adding jobs for three straight years, but it’s happening too gradually for the labor market to return to where it was at the beginning of the Great Recession. Overall, the U.S. economy lost 8.8 million jobs in the financial crisis, and has only gained back 5.6 million of those jobs since the labor market’s height in January 2008.

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Thebudman

Mar-10-13 9:08 PM

The rest of the story:

1. In January 2009, Team Obama economists predicted that the unemployment rate by 2013 would be 5.1% (and the economy would be booming at 4% annual growth). Heck, even without the stimulus, they thought the jobless rate would be down to 5.5%. That’s a big miss.

2. The labor force participation rate fell again as potential workers stopped looking for work. If the LFP rate was just where it was a year ago, in February 2012, the official unemployment rate would 8.3%. And if the LFP rate was where it was in January 2009, the unemployment rate would be 10.8%. Does the the aging of the US workforce make that 2009 number less relevant? Probably. But have demographics changed that radically over the past 12 months? Doubtful. …

6. The employment-population ratio is exactly where it was a year ago, at an almost rock-bottom 58.6%.

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mikeyd

Mar-11-13 10:09 AM

how many feds have been laid off?

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impact

Mar-11-13 10:30 AM

You people are a hoot. If you spent half as much time working as you do manipulating statistical data, you'd be filthy rich.

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daWraith

Mar-11-13 12:23 PM

Imphat, figures don't lie but lying sacks of excrement like you try to figure.

It is a fact, the LABOR PARTICIPATION RATE is the LOWEST since 1981 under Jimmy Jimmy Jimmy Carter, the other BIG FAILURE of a Economy President.

The population of the country increases by 2.5 million per year.

DO the math: it takes 200,000+ jobs a MONTH to STAY EVEN on the unemployment rate.

There are about 2.9 MILLION fewer people working NOW than in Feb. 2008 under BUSH BUSH BUSH.

So Tak 2.9 Million PLUS the jobs Obama claims to created (4.4 Million )= 7.3 MILLION jobs lost MININMUM under Obama to make the numbers balance.

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daWraith

Mar-11-13 12:26 PM

Run OUT of unemployment?

The NEW OBAMA Administration DOES NOT COUNT YOU.

GAVE UP LOOKING for a job???

The NEW OBAMA Administration DOES NOT COUNT YOU.

Never worked BEFORE?

The NEW OBAMA Administration DOES NOT COUNT YOU.

Use the same basis as the BUSH administration, that means about 14.4% is the REAL unemployment rate

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daWraith

Mar-12-13 8:07 AM

At the current job rate production, it will 92 months (about 8 years) to get to FULL employment in the USA.

Horaah! Rah Rah!! Whoopeee! Obama is the MAN!

$1 TRILLION spent to take 12 years to get back to Bush Economy 2007!!!!

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