Fail. Unemployment Rate Remains at 9.7% in March
Posted by Jim Hoft on Friday, April 2, 2010, 7:56 AM
The unemployment rate remained unchanged in March at 9.7%.
Hat Tip BB
While democrats focused on ramming their nationalized health care plan through Congress last month the economy continued to suffer.
The AP reported:
The nation’s economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.
The increase in payrolls is the latest sign that the economic recovery is gaining momentum and healing in the job market is beginning. Still, the healing is likely to be slow, and most economists don’t expect new hiring to be fast enough this year to rapidly reduce the unemployment rate.
The Labor Department said employers added 162,000 jobs in March, the most since the recession began but below analysts’ expectations of 190,000. The total includes 48,000 temporary workers hired for the U.S. Census, also fewer than many economists forecast.
Private employers added 123,000 jobs, the most since May 2007.
Zero Hedge says the actual number for March was -67,000.
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Andreas K. commented:
Yeah, that’s the “official” number. Only an idiot belives the official number.
Also, see the difference? Private employers hire almost three times as many people as the government.
Who is your friend? Not the government. It’s the private economy!
Bill Mitchell commented:
It is natural for employers to be hiring as spring approaches. Also, as with any recession, many over-fire and as business picks up, find it necessary to bring people back.
The reason why the unemployment numbers remained the same is likely the fact that although we technically “added” jobs this month, the amount added doesn’t keep up with the expansion of the potential workforce due to a growing population achieving work-eligible age.
P.S., Obama hit 44% on a CBS Poll this morning amongst “adults” – ouch.
Yep, America LOVES ObamaCare.
Chisum commented:
“Yep, America LOVES ObamaCare.”
Health Care Law
One Week Later, 54% Favor Repeal of Health Care Bill
http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/march_2010/health_care_law
neomom commented:
I don’t believe anything they say or any numbers they produce. Our government is like a pathological liars club. “Jobs are up, Yeah, that’s it”.
Opus #6 commented:
And you can bet your bottom dollar Obama is still campaigning for Health Care Reform. Even though the law passed.
Nevermind the rest of America’s problems.
Government lies commented:
Key data points for March: change in NFP: 162K; of these – Census +48K; Weather ~+100K; Birth/Death +81: Net -67,000.
http://www.zerohedge.com/article/march-non-farm-payrolls-162l-below-consensus-unemployment-rate-97-hourly-earnings-down-01
Aitch748 commented:
And the situation will not get any better while Obama is President and the Congress is in Democrats’ hands. They WANT the situation to be bad. They WANT us hurting. They WANT us to have nowhere else to turn for relief but the feds, and then they can blackmail us into doing things we wouldn’t otherwise do.
They’re doing this on purpose.
Andreas K. commented:
Yep Aitch748, that’s correct.
The goal of marxists is always to make the rich poor and to keep the poor poor. Because by blaming the “rich” (soon everybody who works) for all the problems and by taxing the “rich” more and more, they can win elections, because the poor are just sheep for them. That’s how it works.