Geee Posted March 5, 2011 Share Posted March 5, 2011 CNBC:I remember all too well my refrain in the fall of 2008: "It’s all about JOBS, JOBS, JOBS!"We created 192,000 headline jobs in the February employment report. It’s not enough, but it certainly is welcome news and it is heading in the right direction — although too slowly.We also learned from the February report that the unemployment rate finally trended below the psychologically important 9 percent mark. This is a very big development, considering the rate was pushing the 10 percent level several months ago.Upon closer scrutiny though, there is another factor contributing to the drop that is not necessarily good news: The official size of the U.S. labor force is shrinking.The Bureau of Labor Statistics publishes the “Labor Force Participation Rate” each month, along with a litany of other metrics that are used to give us the headline jobs number and the unemployment rate. Link to comment Share on other sites More sharing options...
pollyannaish Posted March 5, 2011 Share Posted March 5, 2011 'tis true. And I can't help but wonder how many people are like me and got jobs for much lower salary and benefits than we had before. Don't get me wrong, I'm excited about the job and VERY blessed to have it. But the picture is not rosy, even with lower unemployment. It is predicted that the gas prices in Washington State will reach $5 a gallon by Memorial Day. If food and energy prices continue to rise to these levels, and there are millions of underemployed, things will be very bad indeed. Link to comment Share on other sites More sharing options...
Evad Posted March 5, 2011 Share Posted March 5, 2011 Cooking the Books 101 Link to comment Share on other sites More sharing options...
Sanguine Posted March 5, 2011 Share Posted March 5, 2011 Cooking the Books 101 Oh, I dunno, Evad. This might be graduate-level book cooking. Link to comment Share on other sites More sharing options...
Evad Posted March 5, 2011 Share Posted March 5, 2011 Cooking the Books 101 Oh, I dunno, Evad. This might be graduate-level book cooking. Yeah..maybe. I always figured anything that was so painfully obvious that I understood it was basic, entry level deception. But, maybe I'm smarter than I thought. If the facts dictate that gas prices are up, you don't have a job, you can't buy a home...basically you can't rub 2 dimes together, does the government SAYING that happy days are here again make the reality any different? In other words, how stupid can people be?? Link to comment Share on other sites More sharing options...
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