ECONOMY
JOBLESS RATE
There is a strange contradiction in the story similar to the one that sparked the debate between me and Dennis earlier.
The growth in jobs last month was so strong it enticed 335,000 new job seekers into the market, causing the jobless rate to tick up from 4.7 percent -- the 41/2-year low reached in January.
Okay, if the economy and the job outlook is so great, then why did the "jobless rate to tick up from 4.7 percent?" The rate going up means more people seeking unemployment, not a sign more people are working.
posted by Kenny at Sunday, March 12, 2006
1 Comments:
Both the number of unemployed persons, 7.2 million, and the unemployment
rate, 4.8 percent, were little changed in February. A year earlier, the num-
ber of unemployed was 8.0 million, and the jobless rate was 5.4 percent.
It is 10th of a percent. How is edging up a tenth of a percent bad news? Compared to the rest of the world, exept what the Netherlands, our Job rate is the lowest in the world. The media gives everyone the perception that this is the worst economy ever, why then do I see Help Wanted signs all over the place? Why then was I able to join a newly formed company were we are fixing to hire yet another employee? How is this bad news? The Media is the only one I see (Print Media) Cutting workers and having a tough time of it because a lot of people are going to the net for news or turning it off entirely because they only predict doom and gloom. The fact is, if this were a Democratic Presidency and the same economy existed, you would feel just the opposite because it would be given to you in a different manner. A more positive light.
12:22 PM
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