Unemployment Hits 4-year Low !!!

Discussion in 'Politics & Religion' started by AK Forty Seven, Mar 8, 2013.

  1. February Jobs Report: U.S. Economy Adds 236,000 Jobs; Unemployment Rate Down To 7.7


    Despite constant budget fights in Washington, the U.S. economy managed one of the best months for job gains in the past year in February, driving the unemployment rate to its lowest level in more than four years.

    U.S. employers added 236,000 jobs to non-farm payrolls in February, the Bureau of Labor Statistics reported on Friday, up from 119,000 in January. That was the best payroll growth since 247,000 jobs last November and the second-best month for job growth of the past 12 months.

    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.
     
  2. Good job Mr President :)
     
  3. Unemployment 4 year low, stock market all time highs, free obama phones. You would think we were in a golden period.<img src='http://profile.ak.fbcdn.net/hprofile-ak-prn1/71157_122112631137032_421918_n.jpg'>
     
  4. Reagan started the free phone service for the poor program,its free Reagan phones :)
     
  5. Life is so wonderful they should change the constitution and give Obama a 3rd term and 4th term.
     
  6. With the current GOP presidential candidates he would win 3rd and 4th terms imo.They wont change the constitution so dems will have to settle with 8 years of Hillary(health permitting) then 8 years of Cuomo
     
  7. Tsing Tao

    Tsing Tao

    Apart from the general idiocy of the OP and the thread, it was a strong jobs report. It is alarming that the labor force participation rate continues to fall, and people aren't counted in the UE rate, and that the bulk of created jobs are either part-time or going to people who should be retiring, but let's not worry about all that while we can celebrate summer, and dance through the grass.

    We should now remove the QE and see if the market can stand on it's merits. After all, if the economy is so good, why print all that money?
     
  8. I read an article the other day that showed how although the worker is going to get screwed obamacare actually could lower unemployment rates, because as long as a person has any job they are counted as fully employed, so now with obamacare regulations there is going to be tons of fast food/service sector available because anyone who used to be full time is going to have their hours cut to 30 hours, and they are going to have to hire a new employee, thus it requires 2 jobs to do the same amount of work it used to take for 1.

    Kind of poetic justice for the losers who voted for obama and wealth redistribution, the poor peoples wealth being redistributed to the even poorer.
     
  9. Mav88

    Mav88

    I hope this means the end of QE.
     
  10. Lucrum

    Lucrum

    And CA has a balanced budget. Some people will believe anything.
     
    #10     Mar 8, 2013