Unemployment rate falls to 7.7 percent in February

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TweetU.S. employers ramped up hiring in February, adding 236,000 jobs and pushing the unemployment rate down to 7.7 percent from 7.9 percent in January. Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts. 


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TweetThats great if the new jobs are private sector jobs and not government jobs

[Beastit]

Tweetagree

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Tweetwhen someones unemployment benefits run out, they are no longer counted as being unemployed, so saying unemployment is going down is a complete lie

TweetI guess it depends on what report you rwad.I founf this as of this morning...............


Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January

(CNSNews.com) - The number of Americans designated as "not in the labor force" in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February.

The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.
The increase marks the second month in a row, after rising in January from 88.8 million in December. Those not in the labor force had declined in December from 88.9 million in November.

The nation's unemployment rate decreased to 7.7 percent in February, down from 7.9 percent in January. Overall unemployment “has shown little movement, on net, since September 2012,” the Labor Department said.

Total nonfarm payroll employment increased by 236,000 in February, according to the report.

CNSNews.com is not funded by the government like NPR. CNSNews.com is not funded by the government like PBS.

TweetAnd this...................


Shrinking U.S. Labor Force Keeps Unemployment Rate From Rising

Bob Willis and Courtney Schlisserman
Bloomberg

January 10, 2010

Jan. 9 (Bloomberg) — An exodus of discouraged workers from the job market kept the U.S. unemployment rate from climbing above 10 percent in December, economists said.

[efoods]Had the labor force not decreased by 661,000 last month, the jobless rate would have been 10.4 percent, according to economists including David Rosenberg at Gluskin Sheff & Associates in Toronto and Harm Bandholz at UniCredit Research in New York.

“The actual unemployment rate is higher than shown by the official numbers,” Bandholz said yesterday after a Labor Department report released in Washington showed the economy unexpectedly lost 85,000 jobs in December while the jobless rate was unchanged.

About 1.7 million Americans opted out of the workforce from July through December, representing a 1.1 percent drop that marks the biggest six-month decrease since 1961, the Labor Department report showed. The share of the population in the labor force last month fell to the lowest level in 24 years.