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Unemployment numbers are dropping : Swingers Discussion 2183991011
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TOPIC: Unemployment numbers are dropping
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Can't make out heads or tails from your post, VA :(

Colts Neck NJ
 
 
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Feb 2012 Feb 2013 Change Civilian non-institutional population 242,435 244,828 +2,393 Labor force 154,825 155,524 +701 Participation rate 63.9% 63.5% -0.4% Employed 142,019 143,492 +1,473 Unemployed 12,806 12,032 -774 Not in labor force 87,611 89,304 +1,693 Unemployment rate 8.3% 7.7% -0.6%

Well that changes things doesn't it.

This means it's basically flat, since with a labor force participation of 63.5% you'd expect around 1.5 million more employed. Slight differences occur from shifting demographics etc. but overall it's about flat.

When I'm wrong, I admit it. I feel silly for making this error.

Chesapeake VA
 
 
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JEEZ you're right. I apologize. +170 was the quarterly increase. That's embarassing.

OK revision coming up.

Chesapeake VA
 
 
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Employed 142,019 143,492 +170 ===== Looks to me like +1,473 -- almost 1.5 million

Flat Rock NC
 
 
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I'm thinking Bill Clinton finally let OweBama in on his secret to manipulate the market. I'm guessing he's concerned that this bozo will screw things up so bad that Hilary won't have a chance in 2016.

(Mostly joking, but possible)

Pittsburgh PA
 
 
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You speak of the mean (average) wage. I'd like to know what the median is. That'll tell us much more.

The unemployment rate is a funny number. You must remember that the unemployment rate is calculated based upon the size of the labor force and those who are actually in it.

All numbers in thousands... I hope this comes out OK

Feb 2012 Feb 2013 Change Civilian non-institutional population 242,435 244,828 +2,393 Labor force 154,825 155,524 +701 Participation rate 63.9% 63.5% -0.4% Employed 142,019 143,492 +170 Unemployed 12,806 12,032 -774 Not in labor force 87,611 89,304 +1,693 Unemployment rate 8.3% 7.7% -0.6%

So the population increased by 2.4 million, but only 170,000 more people are working. The population growth rate is 14 TIMES that of the growth in the number of jobs.

So if 170,000 more working people and 919,000 (the Not in labor force increase minus the unemployed decrease) more NOT working people is good news, well then let's celebrate good times everyone.

Chesapeake VA
 
 
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Unemployment rate is at its lowest level in more than four years. U.S. employers added 236,000 jobs to non-farm payrolls in February. The unemployment rate dropped to 7.7 percent from 7.9 percent in January, with 12 million people looking for work. That is the lowest unemployment rate since December 2008, when the rate was 7.3 percent. Average hourly earnings for workers, rose 0.2 percent to $23.82 from $23.78 in January. They are up just 2.1 percent in the past year.

So, if we have all these new jobs, why is there no decline in spending for welfare and food stamps? In what way do the unemployment numbers make sense if there is no decline in welfare and food stamp spending? If one is to think logically, doesn't it make sense that we'd spend less on welfare, food stamps, unemployment. 7.7% after $10 trillion in new debt is not really a good thing.

Colts Neck NJ
 
 
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TOPIC: Unemployment numbers are dropping