Feb Unemployment Rate Holds at Dismal 9.7%
Posted by Jim Hoft on Friday, March 5, 2010, 5:27 AM
Worst. President. Ever.
The US unemployment rate held steady at a disappointing 9.7% in February.
36,000 more jobs were lost in February.
Bloomberg reported:
The jobless rate in the U.S. held at 9.7 percent in February and employment declined less than forecast even as severe winter weather may have forced some employers to temporarily close.
Payrolls dropped 36,000 last month after a 26,000 decrease in January, figures from the Labor Department in Washington showed today. Employment fell in construction and increased at temporary-help services. While more people entered the workforce, the unemployment rate was unexpectedly unchanged.
Blizzards during the week that the government surveys businesses and households on jobs set seasonal snowfall records in cities including Washington and Philadelphia, prompting many Americans to stay home. The economic expansion that began last year has yet to generate sustained gains in employment, raising the risk that the recovery will cool as households keep a lid on spending.
But, rather than focus on jobs, President Obama is trying to ram his awful nationalized health bill down America’s throat.
UPDATE: 1.2 million discouraged workers.
UPDATE: BB sends the graph showing where the unemployment rate is today and where Team Obama said it would be if their $862 billion stimulus bill was passed.
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Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 77 Comments
avery commented:
Shouldn”t be many left to lose their job.
bill-tb commented:
So the Obama administration was leaking the 9.8% number for days, so we could have an unexpectedly lower ‘rigged number’ to show the dummy people so they rush out and buy stocks. All is fine.
I didn’t notice, did the entire world get blizzards, looked to me like it was just focused on the hoaxers home towns.
So lets me see, add the unexpectedly revised upward January number of 26,000 to the unexpectedly high February number of 36,000 and we get no change after losing 62,000 more payroll jobs total for two months. I note how revisions, January is not yet revised to it’s ‘final number’ like the AGW temperature hoax is always biased downwards …
I see Hugo Chavez at work in Obama’s BLS. It’s strange how the CBO numbers went down right after the Dir met the Chicago thugs in the White House. Weird.
myna commented:
Obama should stop obsessing of reforming healthcare. People need jobs. People needs confidence from their leaders. He should stop d**cking this country around.
Dell commented:
The actual unemployment rate is rapidly approaching 20%. I see it. You see it. We all see it….except the politicians who massage and juggle the numbers with some exotic formula that makes it somehow palatable. What it amounts to is a LIE. Another one….from the Commander-In-Thief.
Meanwhile – the really important news concerns a back-breaking national health care program that no one wants.
“IT’S THE ECONOMY, STUPID!!”
Warthog commented:
Wait, wait, I shall use my psychic powers to predict the lefty spin on this… wait for it…
BOOOOOSH’S FAULT!
His two wars….
His turning surpluses to deficits…
His control of congress until 2008 (no, wait a minute, the Democrats took over in 2006)…
His deficit spending (even though it is smaller than Obama’s)….
In other words, yes we get it, Obamabots, the Won cannot screw up on an epic scale, it must be someone else’s fault.
(His… ah, screw it, I can’t keep going. The Val-U-Rite is running out…)
bg commented:
++
You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away people’s initiative and independence.
You cannot help people permanently by doing for them,
what they could and should do for themselves.
~ William J. H. Boetcker
==
bill-tb commented:
The ‘real’ unemployment(U6) is now 16.8%, up 0.3% since Jan 2010. The BLS conveniently reformatted and changed the tables and pages on Jan 1, 2010.
When you compare today’s unemployment to the Great Depression the 16.8 % number is probably closer to the truth, during the Great Depression the unemployed rate ranged from 15-25%. It’s been only recently that the BLS has put out the faked 9.7% number instead of the total unemployed. Yes, Bush did this too.
In case you are curious, here is where the real data is hidden… http://www.bls.gov/news.release/empsit.t15.htm
The top three things on the American people’s list is jobs, jobs and jobs. OK, got it, here is your jobs teleprompter seance, now we will focus on health care.
jorgen commented:
Never mind this doctored percentage. What is the actual percentage? 20%? Or even more?
Espresso Logic - The 6th Sense commented:
Article on Drudge today – Ovomit wants to push immigration reform (amnesty). Guess which RINO is working on it?
nobama commented:
What is that old saying figures don’t lie but liars can figure. More lies from these corruptocrats.
Andreas K. commented:
But but… it’s under 10%!
And… and… it’s Bush’s fault!
And… and… the Jews!
Durr hurr hurr…
myna commented:
Are Dems getting desperate they need new voters aside from dead voters from 1900?
glockfixer commented:
Remember, before the number was released, we were told that we shouldn’t pay any attention to these numbers because the blizzards and storms (the result of global warmin) will scew the numbers.
Now, we are told to pay attention to the numbers because they show no change? Can’t have it both ways or change your position just because the numbers are favorable!
This just shows the duplicity of this administration. They only want people to pay attention to the positive news (or news they can spin that way) and not the negative news. To bad the MSM is their willing accomplises in this!
Bill Mitchell commented:
What we are seeing is the the result of fake jobs created with borrowed money. Just like with the real estate market, when the fake money dries up, the fake jobs will go away too.
The scary part is that after dumping hundreds of billions of dollars of taxpayer money into the market, we are still losing jobs.
The jobs being created are coming in at a cost 5-10 times what the actual salary of the jobs would be.
That’s the problem with putting government in charge of things that should be handled by the free market. You add an extra layer of cost, bureaucracy and waste to everything.
The free market will never expand as long as the unknown of what all of Obama’s nutty programs are going to cost them is solved. The fact that none of these things will go into effect until 2014 even if they are passed today leads me to one simple conclusion:
Obama is INTENTIONALLY hamstringing the economy so that the capitalist system will fail and can be replaced with Euro-style Socialism/Marxism. As he said after his election, we are on the brink of fundamentally transforming America. Of course the unwashed who voted for him took that to mean, “making it better”.
However, thoroughly f*cking something up is also a form of transformation. Watch a time lapse movie of a rotting apple and you’ll get my meaning.
P.S., Take all of the money wasted on bailouts and ‘stimulus’ to this point and hand that out as a massive tax-break to Americans and we would be looking at sub-8% unemployment now with 1/4 the national debt.
Brian commented:
i have not met anyone who has got a job, i am still only meeting people who are losing their jobs…these numbers are such a smoke screen, it is frustrating!
LimoLibsStink commented:
0bama:
With unemployment at a respectably high level of 9.7% we at Harvard Law would call that a solid “B+”
But, let me be clear, this is not good enough. We must strive to have unemployment hit 15% or higher in the next few months thus making ACORN the only viable employer.
My limousine is running and I have a meeting with Barney Frank. I think it is time to give Fannie Mae a good fisting. That should defile the economy and bring this crappy country to it knees… like Barney Frank’s doggy position in anticipation of Kevin Jennings sexy hands.
If I have said it once I have said it a thousand times. America sucks! I apologize for it. Good day.
garrettc commented:
Hardly any of the money from the stimulus bills has been dumped into the economy yet. Tthat is a combination of beaurocratic inefficiency and the corruption that seeps into the cracks of any huge organizaztion. More importantly, the money is shrewdly timed to hit the economy in the months running up to the 2012 election (a proven Windy City method). But it will be enough to fool a gulible public that mostly gets it reassuring news from TV.
However, once the projects are complete those temporarily employed will be dismissed, because no new (as in ongoing, permanent, productive) jobs were actually created.
bg commented:
++
LeMieux: Novel Idea Find Way to Pay for Federal Programs
Scott Brown: I’ll vote for jobs bill again ‘with minor tweaks’
==
Neoavatara commented:
We should remind people that Democrats are using reconciliation to pass health care while we watch more jobs being lost.
What is their priority?
http://neoavatara.com/blog/?p=9959
bg commented:
++
Neoavatara @ 11:14 am #23
sarc on/
re: Harry Reid: Only 36,000 Lost Their Jobs Today
hmm, does that mean he’s not counting any other day??
“just words” my you know what..
/sarc off
re: Charlie Cook video & transcript
wow, woah, and thanks..
==
Sojourner commented:
….speaking of unemployment, our teenagers continue to be devastated by the continued rise in minimum wage.. our government’s “compassion” run stupidly amuck, again…..:
The Lost Wages of Youth
http://online.wsj.com/article/SB10001424052748704761004575096150953378366.html?mod=WSJ_Opinion_AboveLEFTTop
czekmark commented:
So I guess the Obama government did not ‘save or create’ any jobs in February. Amazing…
Benson commented:
Why is anyone calling for Obama, Pelosi and Reid to do something about job loss? Why does anyone think they would do the right thing even if their attention was turned to it? We better pray they don’t decide to really do something more about than they have. What they’ve done so far has cost us millions of jobs. Liberals never create jobs, look at Michigan, look at New York.
The only thing they know how to do is create government bureaucracies, pay them outrageous salaries and retirement and hand the bill to taxpayers. You want to know how to create jobs go back and look at what Reagan did after Carter demolished the American economy but don’t ever expect Obama or liberals to create jobs. They don’t know how.
timajin commented:
Stability! Finally!
bg commented:
++
Bill Mitchell @ 9:48 am #15
re: [Obama is INTENTIONALLY hamstringing the economy [..]
CLOWARD-PIVEN STRATEGY (CPS)
[First proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and his wife Frances Fox Piven (today Piven is an honorary chair for the Democratic Socialists of America), the "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.
[..]
In their 1966 article, Cloward and Piven charged that the ruling classes used welfare to weaken the poor; that by providing a social safety net, the rich doused the fires of rebellion. Poor people can advance only when “the rest of society is afraid of them,” Cloward told The New York Times on September 27, 1970. Rather than placating the poor with government hand-outs, wrote Cloward and Piven, activists should work to sabotage and destroy the welfare system; the collapse of the welfare state would ignite a political and financial crisis that would rock the nation; poor people would rise in revolt; only then would “the rest of society” accept their demands.
The key to sparking this rebellion would be to expose the inadequacy of the welfare state. Cloward-Piven’s early promoters cited radical organizer Saul Alinsky as their inspiration. “Make the enemy live up to their (sic) own book of rules,” Alinsky wrote in his 1972 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judaeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one.
The authors noted that the number of Americans subsisting on welfare — about 8 million, at the time — probably represented less than half the number who were technically eligible for full benefits. They proposed a “massive drive to recruit the poor onto the welfare rolls.” Cloward and Piven calculated that persuading even a fraction of potential welfare recipients to demand their entitlements would bankrupt the system. The result, they predicted, would be “a profound financial and political crisis” that would unleash “powerful forces … for major economic reform at the national level.”]
==