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Ear to the Ground

216,000 Jobs Added in March

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Posted on Apr 1, 2011
Los Angeles Times

The U.S. unemployment rate ticked down a tenth of a point in March to 8.8 percent—the lowest in two years—as 216,000 new jobs were created during the month.  —JCL

Los Angeles Times:

The U.S. economy created 216,000 jobs in March, the government reported Friday, continuing the recent rebound in hiring that has helped strengthen the recovery.

The unemployment rate dropped a tenth of a point to 8.8%, the lowest since March 2009. The unemployment rate has now dropped a full percentage point since November.

“Almost two years after the recession officially ended, the labor market appears to finally be picking up,” said Kathy Bostjancic, director for macroeconomic analysis at the Conference Board, a business and economic nonprofit.

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By TDoff, April 3, 2011 at 3:26 pm Link to this comment

Rumors are that the government counted over 100,000 people who became hookers during the month of March because their unemployment insurance ran out and they couldn’t find other employment. This is in addition to those who became politicians, and candidates for president in the ‘12 election.

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By samosamo, April 2, 2011 at 11:45 am Link to this comment

****************

 

Hope this is real and not some number jeffery immelt pulled out
of his ass.

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rico, suave's avatar

By rico, suave, April 2, 2011 at 9:21 am Link to this comment

MK Ultra:

If all we read is tap dancing and lies, where did you come up with 20% and 2-3 lost per job filled? Just asking.

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By John G, April 1, 2011 at 11:43 pm Link to this comment
(Unregistered commenter)

I welcome good news, but I’m skeptical of statistics in the news. They are deceptive, because they only take limited factors into account. The fact that home foreclosures continue at an alarming rate in many places, seems to indicate that things are not quite so rosy. These “jobs” that were created—how much do they pay and what benefits are included? I see ads all the time offering jobs at ridiculously low pay for the skills they require, which shows that these employers are exploiters. Or maybe these “jobs” ads are phony—I wouldn’t put it past the Koch Bros. or the GOP or other operatives to plant fake job ads, just to make people think there’s a real recovery underway. They have hired trolls posting on Web sites all the time. When is the Bureau of Labor Statistics going to smarten-up its model, to include so many of these downsides? They could easily get info from the Dept. of Economic Security, such as the number of Nutrition Assistance (food stamps) applicants & recipients now being at an all-time high. And how about the waiting lists for emergency shelter and medical care? Still, I am hopeful.

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Angel Gabriel's avatar

By Angel Gabriel, April 1, 2011 at 10:36 pm Link to this comment

MK ultra,
I agree with you and suggest that the real number is probably what you say it is.
the other consideration that has always existed, though hidden under the
Celabratory quacking about “things are looking up”, is a statistic that rarely
surfaces - How many of those new jobs are actually that more American’s fell off
the charts and have stopped being counted as unemployed? There are always a
handful of aces up the “Economic Prophet’s” sleeves to use to change the real
figures and reflect a Rosier picture, so as not to stampede that Herd of consumers
out there from the Buy, Buy Buy! It’s like going to a Magic show and watching
dumb founded as the Magician pulls the Rabbit out of a hat. Illusion rules…

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MK Ultra's avatar

By MK Ultra, April 1, 2011 at 4:15 pm Link to this comment

I notice that, while before, the number of jobs being lost was also reported as of January, said practice was discontinued.  Askew as those figures may be (the real unemployment rate is more like 20%), the real news here is what they are not telling you.  Historically, for every job gained, 2 or 3 were lost.  I wonder how many it’s been that they don’t want us to know about.  Things are getting uglier by the day for sure and all the tap dancing and lies they do around the unemployment report ain’t gonna change that.

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By expat, April 1, 2011 at 2:41 pm Link to this comment
(Unregistered commenter)

at least they have the decency to put such ridiculously manipulated and misleading statistics out…

ON APRIL FOOLS !

unreal!

ameriKa, complete with its “managed” (read rigged) financial markets, it’s Pravda (msn) and soon five year plan from the politburo!!!

can you walk on water?  Yes if you run fast enough.  What is the average time a Us stock in held in the US?  23 seconds !  This, my friend is how you manage the economy to falsely create a “wealth effect”.

Anyone still living in these uSSa ought to have their head examined.

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