Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs
Posted by Jim Hoft on Friday, February 5, 2010, 8:12 AM
US Loses Another 20,000 Jobs But Unemployment Rate Drops to 9.7%
BB sent the latest unemployment graph.
It’s an Obama world. Up is down. Square is round. Trucks are jokes. And, losing 20,000 jobs actually brings down the unemployment rate.
The US lost another 20,000 jobs in January but the unemployment rate dropped to 9.7%. The new counting methods saved or created 541,000 jobs.
The AP reported:
The unemployment rate dropped unexpectedly in January to 9.7 percent from 10 percent while employers shed 20,000 jobs, the government said Friday.
The rate dropped because a survey of households found the number of employed Americans rose by 541,000, the Labor Department said. The job losses are calculated from a separate survey of employers.
The report also included an annual revision to the estimates of total payrolls, which showed there were 930,000 fewer jobs last March than previously estimated. The department also revised down its estimates for April through October of last year, adding another 433,000 job losses.
The November figure was revised higher, however, to show a gain of 64,000 jobs.
All told, the Great Recession has eliminated 8.4 million jobs, the department said. That’s the most of any recession since World War II as a proportion of total payrolls.
Hat Tip Sliderblaze
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Published February 8, 2012 at 8:42 pm - 105 Comments
Little_johnny commented:
Obama can personally claim credit for the creation of all the new jobs for Scott Brown’s new staff due to his policies.
As for the jobs lost by Kirk’s outgoing staff, he’ll blame Coakley.
olm commented:
Well, it is official. Unicorns exist.
Eagle\'s Dominion commented:
Nothing new here…Simply counting temporary Census takers.
olm commented:
I don’t think anyone really believes these numbers. It is only the beginning of Feb. These idiots are blowing any credibility they have left.
Ladue Pundit commented:
The unemployment rate dipped due to the increasing number of Americans who have given up looking for work.
It’s called despair. Workers who have lost hope aren’t counted as unemployed because they’re not actively seeking work.
Numbers lie, but it works for Obowma.
No Man commented:
This crapola works because the MSM and most US citizens went to public school and are “innumerate.” That’s same same as illiterate except it’s about numbers and what they mean.
See Prof. Paulus’ excellent books.
So, let’s have a couple dozen choruses of:
“Happy Days are here again . . .”
M Malone commented:
In all fairness the two reports use different methodologies and the difference in the two unemployment numbers reflect that. In our modern economy the Household Survey is likely the most accurate but it has always been necessary to delve into the guts of these reports rather than rely on the headlines.
Brian commented:
20,000 drops the rate .3% to 9.7%, but the revised addition of 800,000+ not counted in 2009 doesn’t revise it at all…i love DC Math
justasimplepatriot commented:
Christina Romer just appeared on Varney’s show on Fox. He asked her 3 times – will you make the case that raising taxes on the wealthy will create jobs. She wouldn’t answer the question but in trying to dodge it, she demonstrated the depth of her fecklessness. (No small feat in itself, mind you.)
Sadly, I have never witnessed a larger gathering of clueless incompetents than the Democratic party. I struggle for an analogous symbol – does Lemmings work?
Ladue Pundit commented:
Funny, the media scoffed at the Household Survey during the Bush years, when small business start-ups were tracked by its usage.
Ladue Pundit commented:
As a tax preparer, I can attest to the number of small businesses being created due to frustrations in the job market.
Most small businesses do not show profits in the first, second, sometimes third years. Starting a business of any sort is a good way to claim a loss and offset any gain (read=tax liability) an individual or couple may have.
aprilnovember811 commented:
This entire regime is one big shell game, from his eligibility to this. A total fraud, and everyone in a position to do something, just go along. It’s the dark skin you know, it’s historic. The hell with their kids, the hell with the country, it’s historic!
History will tell what a total sleaze Obama is.
Chris commented:
From zerohedge:
“Yet a number that avoids some of the constant fudging by the BLS, the Non-Seasonally Adjusted number, hit a new recent record: instead of 9.7%, this number was 10.6%, a 0.9% increase from December!
The same can be seen in the U-6 data. NSA U-6 is now at a record 18%, even as the seasonally adjusted number declined to 16.5%.”
Labor participation rates and total employed also dropped in the initial report, which means that people continue to drop out of the workforce. Look for these numbers to get worse in the revisions later on.
http://www.zerohedge.com/article/nfp-20000-consensus-15000-non-seasonally-adjusted-unemployment-rate-both-u3-and-u6-surge-rec
KR commented:
Obama is a cringe inducing name to a growing number of people.
CBS online poll: Majority gives Barry an “F” on first year.
http://www.cbsnews.com/blogs/2010/01/19/politics/politicalhotsheet/entry6116297.shtml?tag=+stack
sliderblaze commented:
Rep. Buck McKeon, ranking member of the armed serv. committee took Obama and Holder to task yesterday on their foreign policy yesterday at the heritage foundation… Very Nice Replay on Cspan…
Militant Conservative commented:
I made a pledge not to participate in this recession.
My spare time is going to fighting this administration and it’s policies. The choice was easy during the campaign McCain was only going to destroy the Republican party. Obama is going to distroy the country. Easy choice. I can get a new party but this is my home. Powder is dry.
Tom63010 commented:
This reminds me of the Health Care Shuffle. Collecting premiums for four years so that the “estimated” cost can be kept under one trillion dollars. That is a magic number to the Progressives because that is the amount the Democrats have been using against the “useless” wars in Iraq and Afghanistan.
I’m sure that someone somewhere has assigned the magic number for unemployment to be less than 10%.
Just like the American public isn’t solely focused on the costs for nationalizing Health Care, the American public isn’t focusing solely on the 10% mark for unemployment.
We are not ignorant! We see what is going on because more and more people are believing that either the Obama Administration doesn’t have a clue how to run the government or they are hell bent to promote their socialistic agenda.
Unfortunately for them more and more people are believing, as I have all along, that it is the latter.
mark commented:
Here’s a question. Is Obama’s economy destroying the health of Americans? Because of the high stress levels of all the unemployed, (health issues like high blood pressure, heart disease, etc. ) is he contributing to higher health care costs? I don’t think this is a stretch. Reportedly, dentists are reporting very high levels of teeth fractures from people grinding their teeth while sleeping—due to stress.
seven commented:
There were also in the same BLS report a reference to 900,000 jobs that had been ommitted March 2009. Deception or “innocent error”?
900,000 more unemployed than reported is horrible.
The Resident Obama is taking credit for farm jobs. They have been declared as “green jobs” according to wiki. When farming ramps up with field work in the spriing, he can take the glory for creating new green jobs. A farmer driving a green John deere Tractor counts as 2 green jobs.
AuntieMadder commented:
OT: After all of the rush and the many deadlines last year, including one in the middle of the night, not to mention all of the time wasted on the 3000 page monstrosity, because he insisted it had to be done immediately and first in order to save the economy, now it takes a back seat to a second porkulus package. Obamao and his minions are bound and determined to do whatever will harm America most and to get that done first.
The Associated Press
Thursday, February 4, 2010; 7:10 PM
At The Washington Post
WASHINGTON — President Barack Obama says “we should take our time” getting to a final health care bill.
He said Thursday he wants to go through the legislation in detail with Republicans to examine their ideas and Democratic ideas to see whether there are better ways to improve the nation’s health care system than have already been proposed.
Obama said that letting some time pass before calling for a vote also will allow “everybody to get the real facts.”
The president spoke to donors and supporters of his political organization, Organizing for America, one of a handful of fundraisers he was headlining Thursday for Democrats.
Obama said it is most urgent to focus now on a jobs package, but that health care must be addressed afterward.
http://www.washingtonpost.com/wp-dyn/content/article/2010/02/04/AR2010020404103.html
avery commented:
Common sence would tell you if unemployed go up,then the unemployed rate would go up.but then they did put Acorns on the pay roll.They have 8000000 illegal holding down america jobs.
S. Wolf commented:
They must be counting the huge increase in federal employees as “jobs created”.
Major Kong commented:
Figures lie, liars figure.
wth commented:
“It’s an Obama world.”
Where basic math was learned at a school in Indonesia while registered as Barry Soetoro the Muslim.
mrt commented:
Obama’s Labor Department discovers
541,000 jobs not previously reported.
How “unexpectedly” convenient.
Finncrisp commented:
Looks like Barry has extended data treatments used in “climate science” to U.S. employment figures. Up is down, down is up. Barry has truly become the “Ecomomy Corpse-ist”.
greenfairie commented:
They probably counted hookers, pimps, and drug dealers as “employed.”
Espresso Logic - The 6th Sense commented:
I just paid the last of my daughter’s $200,000 college tuition. She graduates in May and there are no jobs.
F*CK YOU OBAMA!
dumboma commented:
Obama is a failure
Don Rodrigo commented:
“Unemploymentgate?”
bill-tb commented:
And the number of lost jobs went up about a million making the total jobs lost of 8.4 million … When you add a million to the 2009 unemployment data doesn’t that make it go up?
It’s easy to spot the LIARs
wanumba commented:
“Chicago Mathematics”
produced by Obama fellow travelers in “education” of the circuit of William “Bombs away” Ayers.
Worse math program in the country. Totally degrades math skills and logical thinking – on purpose! What a surprise to see it surfacing out of Washington these days.
dallasdan commented:
Hey, when the results don’t meet your needs, change the numbers. Has this bunch of liars not done this before?
Medulla Oblongata commented:
Sounds like they are using the same model as the Global Warming alarmists. That’s the only way to add ‘nuance’ to the stats to make a loss into a gain.
This administration has turned ‘the more outrageous the lie, the more likely it will be believed’ into an artform. Too bad, for them, that the American people are finally beginning to waken from their self-induced political coma.
Scott commented:
They mis-counted nearly a million jobs lost last March…Is Michael Mann involved…I mean, he gave al gore the hockey stick proving global warming. Sounds like his math at work again…
Scott commented:
I remember Peter Orzag, Obama’s budget director, when asked about the deficit last year he replied, “What deficit?” The arrogance of this band of thieves is astounding!!!!! By the way, I saved or created a job by posting at this blog…