Friday, March 9, 2012

Unemployment Does NOT Improve; Still At 8.3% Nationwide

Yahoo: Trend Emerges -- Meaningful Growth Emerges -- What!
Yes, this is the trend: unemployment is stuck at twice the norm two years after the stimulus 
Jobs recession, 49 months: longest since WWII (link here)

Link here.
When something happens once, it's a phenomenon. When something happens twice, it's a coincidence. When something happens three times, it's a trend. That's an old journalistic rule of thumb. And by that rule, February's employment report confirmed that we have a trend of decent employment growth.

The headline number showed that the economy created a net 227,000 jobs in February. When the economy began to create jobs in significant numbers, analysts frequently pointed out that a job creation rate of 150,000 per month was barely enough to keep up with population growth, and wasn't enough to make a dent in unemployment. Now we're finally getting that growth. February marked the third straight month in which payroll jobs rose by more than 200,000. Gains could be seen in a range of industries: professional and business services, manufacturing, and health care. The construction and retail trade sectors shed positions.
By the way, I missed the full discussion, but CNBC talking heads Jim and Michelle didn't spin the story: they were commenting on fact that a) solar was not a job creator; and, b) specifically, killing the Keystone was a job killer. A job killer. Period. Dot. Not rocket science. Good for Michelle and Jim.

It sounds like Michelle and Jim had just read the CarpeDiem story, same thoughts. 

By the way, my hunch is that the Yahoo reporter posting the linked story above drives a Volt with an "Obama for President" bumper sticker.

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