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February 05, 2010

Unemployment Rate Report: Drops to 9.7%

I don't even want to put a question mark on it because a) you are all smart enough to ask the questions that we'll ask and b) I ain't gonna be a hacky cheerleader for more job pain.

We are in a brutal unemployment cycle. Predictions of a "decade-long jobs recovery" used to sound like hyperbole, not so much when you're sitting in the bottom of the well.

Geoff over at IB is crunching some numbers. He even noted an uptick in the numbers of jobs. He's asking some pertinent questions about increases in both farm and non-farm jobs.

I don't think this story is complete, I don't think there's anything this administration is doing that's positive (hell they only started talking about job recovery a couple of weeks ago), if this is just some indication that the problem is bottoming I'll be happy that's the case.

UPDATE: This post saved or created thirty seven jobs. Thanks KeithA for the reminder!

UPDATE2: 136 MM jobs available down to 129 MM? Let's see the revisions.

posted by Dave In Texas at 11:18 AM

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He even noted an uptick in the numbers of jobs. He's asking some pertinent questions about increases in both farm and non-farm jobs. I don't think this story is complete, I don't think there's anything this administration is doing that's positive (hell they only started talking about job recovery a couple of weeks ago), if this is just some indication that the problem is bottoming I'll be happy that's the case. UPDATE: This post saved or created thirty seven jobs. Thanks KeithA for the reminder! UPDATE2: 136 MM jobs available down to 129 MM? Let's see the revisions. posted by Dave In Texas at 11:18 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Accomack: "If SMU had a QB....... ..." Helena Handbasket: ">>> 7 At this point New Zealand could be invaded a ..." KT: "Speaking of Turks, there have been some changes in ..." P'nut: "On your final meeting, bring a squirrel to enjoy t ..." mrp: "While Joe Biden fades away, Mexico is busy, using ..." Diogenes: "My daughter majored in biology, but the degree the ..." 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