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Thread: U.S. unemployment falls to 7.5% in April [W: 348, 360]

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    U.S. unemployment falls to 7.5% in April [W: 348, 360]

    'WASHINGTON (MarketWatch) - The U.S. economy created 165,000 jobs in April and the unemployment rate fell to 7.5% from 7.6% even though the size of the labor force increased, the government said Friday. What's more, hiring in March and February were revised up by a combined 124,000. The increase in hiring in April beat Wall Street's forecast. Economists surveyed by MarketWatch had expected a 135,000 gain, with unemployment remaining at 7.6%. The decline to 7.5% puts the jobless rate at the lowest level since December 2008. Meanwhile, the number of new jobs created in March was revised up to 138,000 from 88,000, the Labor Department said, while February's figure was revised up to 332,000 from 268,000.'


    U.S. adds 165,000 jobs; unemployment 7.5% - MarketWatch

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    So, after 52 months and a 50+% increase in the U.S. national debt...the Obama administration has 'got' the unemployment rate down to it's lowest level since George W. Bush's last full month in office.


    SUCCESS...right?

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Hey, it's better than expected. For now, we'll just have to take it.

    But yeah.


    Remember when 8% unemployment was the Great Boogeyman used to scare us all into mindless support of any massive expenditure desired?

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    It would paint a far different picture if actual numbers were being used instead of massaging stats to mislead the American people.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    This is a modest but real improvement, especially considering that the government jobs keep disappearing, as they should.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by j-mac View Post
    It would paint a far different picture if actual numbers were being used instead of massaging stats to mislead the American people.
    Ok, the actual rate (not "massaged" through seasonal adjustment) is 7.1%, and the not seasonally adjusted change in jobs was +932,000

    Although somehow I suspect that's not what you meant, though I also suspect it would have been what you meant if the unadjusted numbers were worse.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by pinqy View Post
    Ok, the actual rate (not "massaged" through seasonal adjustment) is 7.1%, and the not seasonally adjusted change in jobs was +932,000

    Although somehow I suspect that's not what you meant, though I also suspect it would have been what you meant if the unadjusted numbers were worse.
    Got a source?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by American View Post
    Got a source?
    Table A-1. Employment status of the civilian population by sex and age for the UE rate and
    Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail
    Although I find it strange that I really need to link to the press release....it's not like it's obscure information.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by pinqy View Post
    Ok, the actual rate (not "massaged" through seasonal adjustment) is 7.1%, and the not seasonally adjusted change in jobs was +932,000

    Although somehow I suspect that's not what you meant, though I also suspect it would have been what you meant if the unadjusted numbers were worse.
    No. Listen, I am a layman when it comes to economics, and statistics. I confess that I am not very good at comprehending all the aspects behind coming up with the numbers that are fed to us through media. But, I do remember that we were told that we needed some 250,000 jobs created each month in order to keep up with population growth. Now we are being told that 130,000, to 180,000 is good enough, and lowers the rate. There is only one reason for that to happen in my understanding, and that is that the number of people dropping out of the workforce, exceeds the demand for new employment, so the number in my eyes is a shell game, and a lie.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by DA60 View Post
    'WASHINGTON (MarketWatch) - The U.S. economy created 165,000 jobs in April and the unemployment rate fell to 7.5% from 7.6% even though the size of the labor force increased, the government said Friday. What's more, hiring in March and February were revised up by a combined 124,000. The increase in hiring in April beat Wall Street's forecast. Economists surveyed by MarketWatch had expected a 135,000 gain, with unemployment remaining at 7.6%. The decline to 7.5% puts the jobless rate at the lowest level since December 2008. Meanwhile, the number of new jobs created in March was revised up to 138,000 from 88,000, the Labor Department said, while February's figure was revised up to 332,000 from 268,000.'


    U.S. adds 165,000 jobs; unemployment 7.5% - MarketWatch
    Republicans will be terribly dismayed by this news.
    "Being President doesn't change who you are, it reveals who you are"

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