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Visit Nicey-1026620's column >>

NICEY-1026620

Articles Posted: 9  Links Seeded: 32
Member Since: 4/2009  Last Seen: 5/17/2012

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January Jobs Report

Seeded on Fri Feb 4, 2011 12:47 PM EST
Read ArticleArticle Source: msnbc.com
economy, jobs-report, unemployment, us-news, bls
Seeded by Nicey-1026620
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The MSNBC post is always too long for this, so a more focused effort.

Paraphrasing...

Bad weather constrained expected job creation. It was postive, but not as positive as the preceeding 4 months.

A key good point -

"Unemployment fell because the Labor Department's household survey determined that more than a [b]half-million people without jobs found work[/b]."

A key bad point -

"But part of that drop has occurred as many of those out of work gave up on their job searches. When unemployed people stop looking for jobs, the government no longer counts them as unemployed."

So the rate has dropped pretty significantly in the last 2 months from two factors.

A) People are not looking for work for a variety of reasons, job prospects, the state of the economy, losing UI benefits, can't find the job they want etc.

B) Large numbers of unemployed are finding jobs, but that doesn't necessarily mean jobs are being created, they may be filling spots and not necessarily new jobs.

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