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**Narkeere** · 05-08-2011, 03:23 PM

Hrmm.. How come when uneployment goes down its BETTER then EXPECTED, and when it goes up its UNEXPECTED... I am curious what is EXPECTED.....

Anyway...

The economy needs twice as many net jobs per month to rapidly reduce unemployment. The rate has topped 9 percent in every month except two since the recession officially ended in June 2009.

We have the LOWEST particiapation in teh job market in over 25 years!!! WTF.. People just giving up looking for work, and Obama will come out today and say LOOOK UMEPLOYMENT IS DOWN!!!

lol...

WASHINGTON (AP) -- Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession a day after Wall Street posted its worst losses in nearly three years.

Employers added 117,000 jobs last month, the Labor Department said Friday. That's better than the past two months, which were also revised higher.

The better-than-expected report gave stocks a small lift one day after the Dow Jones industrial average fell more than 500 points. The Dow jumped as much as 171 points when the market opened, but then erase most gains to rise only 31 points in early-morning trading.

"These numbers are not great," said Ian Shepherdson, an economist at High Frequency Economics, in a note to clients. "But they are a long way from recession territory."

News from The Associated Press

05-08-2011, 03:23 PM	#1
Narkeere Join Date Oct 2005 Posts 489 Senior Member	9.1 percent Unemployment Hrmm.. How come when uneployment goes down its BETTER then EXPECTED, and when it goes up its UNEXPECTED... I am curious what is EXPECTED..... Anyway... The economy needs twice as many net jobs per month to rapidly reduce unemployment. The rate has topped 9 percent in every month except two since the recession officially ended in June 2009. We have the LOWEST particiapation in teh job market in over 25 years!!! WTF.. People just giving up looking for work, and Obama will come out today and say LOOOK UMEPLOYMENT IS DOWN!!! lol... WASHINGTON (AP) -- Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession a day after Wall Street posted its worst losses in nearly three years. Employers added 117,000 jobs last month, the Labor Department said Friday. That's better than the past two months, which were also revised higher. The better-than-expected report gave stocks a small lift one day after the Dow Jones industrial average fell more than 500 points. The Dow jumped as much as 171 points when the market opened, but then erase most gains to rise only 31 points in early-morning trading. "These numbers are not great," said Ian Shepherdson, an economist at High Frequency Economics, in a note to clients. "But they are a long way from recession territory." News from The Associated Press
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