U.S. economy added 236,000 jobs in February... unemployment down to 7.7%
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U.S. economy added 236,000 jobs in February... unemployment down to 7.7%
236,000 jobs added in February
Unemployment decreases to 7.7%
Stock market hit another all-time high
Those tax increases on the rich sure are hurting the economy, huh?
Pretty sure those numbers are inflated too.
Unemployment decreases to 7.7%
Stock market hit another all-time high
Those tax increases on the rich sure are hurting the economy, huh?
Pretty sure those numbers are inflated too.
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Wait till next month for the revised numbers and the stock market is on the juice provided by the Fed Reserve's quantitive easing or whatever they are calling there mumbo jumbo magic.
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Oh there's no need to wait for next month. The jobs added? Yeah those were all part time. I keep saying it, but people keep not listening: for actual analysis of current and future economic news, read Michael Shedlock.
According to the household survey (on which the unemployment rate is based) the economy added a healthy 170,000 jobs. However, a whopping 446,000 of those jobs were part-time jobs. Simply put, the economy shed 276,000 full-time jobs.
The BLS labeled those 446,000 part-time jobs as "voluntary". I am not so sure.
According to the household survey (on which the unemployment rate is based) the economy added a healthy 170,000 jobs. However, a whopping 446,000 of those jobs were part-time jobs. Simply put, the economy shed 276,000 full-time jobs.
The BLS labeled those 446,000 part-time jobs as "voluntary". I am not so sure.