Unemployment hits two-year low

192,000 jobs added nationally last month

Friday, March 4, 2011 8:43 AM
Last updated 8:39 PM
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WASHINGTON - Employers in February hired at the fastest pace in almost a year and the unemployment rate fell to 8.9 percent - a nearly two-year low.

The economy added 192,000 jobs last month, with factories, professional and business services, education and health care among those expanding employment. Retailers, however, trimmed jobs. State and local government, wrestling with budget shortfalls, slashed 30,000 jobs, the most since November.

The government's report Friday bolstered hopes that employers will shift into a more aggressively hiring mode and allow the economic recovery to get on firmer footing.

The unemployment rate has been falling for three months, down from 9.8 percent in November.

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kmb413
533
Points
kmb413 03/04/11 - 11:22 am
0
0
but a new high in Georgia.

but a new high in Georgia.

Chillen
17
Points
Chillen 03/04/11 - 11:24 am
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The federal number are being

The federal number are being distorted. There will be a new report in a week or two "correcting" this. Count on it.

Insider Information
4009
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Insider Information 03/04/11 - 12:03 pm
0
0
You don't lower unemployment

You don't lower unemployment by 0.9 percent by adding 192,000 jobs.
You lower unemployment by 0.9 percent when people give up looking for jobs.

stairway2nowhere
0
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stairway2nowhere 03/04/11 - 12:30 pm
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do you ever just get tired of

do you ever just get tired of the same lie over and over again.....gas unemployment was at a record high just yesterday

burninater
9682
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burninater 03/04/11 - 12:40 pm
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And the choir sings softly,

And the choir sings softly, to itself, in a tiny little internet room ...

Chillen
17
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Chillen 03/04/11 - 12:43 pm
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Is it the choir from obamas

Is it the choir from obamas "church"?

burninater
9682
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burninater 03/04/11 - 12:56 pm
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No, actually I was talking

No, actually I was talking about the doom and gloomer choir that view any positive economic news as clearly erroneous and/or false, and then pump themselves up to act in overly fearful ways that cause them to be behind the recovery curve.

If I had a dollar for everytime I heard "businesses are afraid to hire!" I'd invest it in a company that wasn't shaking in their boots ...

Oh wait, that's exactly what I did ... and the 401k is up 20% two years running ... strange ...

andrew412
0
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andrew412 03/04/11 - 02:44 pm
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burninater hit it spot on. i

burninater hit it spot on. i read this article this morning and couldn't wait to see what kind of excuses the message board would start filling up with.

Chillen
17
Points
Chillen 03/04/11 - 03:35 pm
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0
During the great depression

During the great depression there were shoots of green too - including a short lived stock market rally.

This administation is the most crooked one in American history. I do not trust one piece of propaganda they throw at us.

The Perfect (economic) Storm is here. Republicans and Democrats are to blame. Greedy bankers are to blame. The entitlement/welfare crowd is to blame. Those who aim to cripple us financially --- George Soros, the Russians, The Chinese Military, the terrorists --- are to blame, we the materialistic American people who let this happen are to blame.

If you have normalcy bias, you won't see it. I have arrangements for myself and my family that will minimize the impact. Do you?

Chillen
17
Points
Chillen 03/04/11 - 03:36 pm
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Also, I wonder if it is

Also, I wonder if it is financially better for someone to go on food stamps, welfare, public housing assist, medicaid, etc rather than accept unemployment. If you have a couple of kids I've seen math done that says you "make" the equivalent of someone who earns about $60,000 per year.

Therefore they don't draw unemployment anymore and are no longer counted.

Hmmmm.......

copperhead
1035
Points
copperhead 03/05/11 - 03:22 am
0
0
Unemployment is down to

Unemployment is down to 0.001% only 12 people in the whole country are out of work. See? Saying it does NOT make it so. I am from the government and I am here to help you.

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