The unemployment rate ticked down to 7.2 percent from 7.3 percent the previous month.
Federal Reserve officials and economists are closely watching the report for any signs of weakness. But the numbers may not offer the most current picture of the economy.NY Times
12 comments:
More people should be unemployed shortly. They play for the Minnesota Vikings. Man, how bad do you have to be to be beat by the Gints?
We kicked off the largest entitlement program in decades, further taxing and regulating businesses and then, wham!, "unexpected" employment numbers. I mean, NO ONE could have predicted that, right?
We returned to Clinton era tax hikes, added more taxes and regulations, and even more taxes regulations and penalties attached to Obamacare.. and the economy is still flat? Must be Bush's fault.
More mush from the wimp.
Does this end with an unemployment rate below 3% and everyone on disability?
Pace of growth?
I remember back during the Carter years the media was telling us that 6% unemployment would be ideal.
It's bad for the economy for it to go too low.
Maybe that was during the Ford administration.
But in any event, whip inflation now, and turn down your thermostat, and 55 saves lives.
The media won't talk about the millions of people who have given up looking for work, and the high level of unemployment among blacks. If the media cannot blame Ted Cruz, they keep quiet.
If they talked about "discouraged" workers and factored in the increases in food stamps and disability, unemployment would run in the mid- ti high-20s.
No weakness! No weakness! Oh, those millions of discouraged workers who can't find work? No problem. How are they no problem? We at the Bureau of Labor Statistics have disappeared them. Neat, huh?
Surprisingly downbeat article from the Times.
Interesting that while there is a reference to "the president's" pick to replace Bernanke, the word "Obama" does not appear.
I once figured out a ball-park WAG for how many new people are born every month. Which would be close to how many people turn 18 every month. Or averaged out, how many new people need to enter the workforce every month to hold even. (Granted, people die, too.)
148,000 seems like it must be below that number.
Someone will have to check my maths but isn't that approximately one job added per 2365 people in the US?
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