Gary
DP Veteran
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Add that to the 10+% of the people who are employed wanting to work full time but only able to find part time work (me) and it's easy to see why the unemployment numbers are going down. It takes approx 125,000 new jobs per month to just break even with all the new people attempting to join the job market. People turn 18 every day and start looking for work. So to believe 130,000 new jobs a month would substancially bring down unemployment when we need 125,000 just to break even is simply ridiculous. Of course the Obama administration will attempt to spin anything into good economic news, even the slightest anomoly to sitting all but dead in the water. Look at the GDP growth for 2011, 1.6% for the year. At that rate, the economy will be back to normal just in time for Captain Kirk to open the first Star Base.
This is more partisan nonsense. The BLS stats showed an increase in the civilian noninstitutional population, 16 and over of 1,685,000 in the month from Dec to Jan. The BLS can get decent figures for the total of those employed or unemployed, but these other figures have a bad reputation. All you have to do is look how the whole population and the population of those Not in the work force varies with time to see these stats aren't good.
http://www.bls.gov/web/empsit/cpseea01.pdf