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quote:
Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.


http://www.gallup.com/poll/146...itting-February.aspx

All those billions of dollars we spent to revive the economy didn't work. What's next Obama? Oops my bad, it's still Bush's fault.

Run Sarah Run

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Ferrill, that is an OPINION POLL. The OFFICIAL numbers will be released in a day or two, but up to the 26th of February, the numbers look good.

http://www.dol.gov/opa/media/press/eta/ui/current.htm


Now I'm sure you will start saying that the official numbers don't mean anything, but if you compare apples to apples, in other words, the official numbers month by month, the employment outlook is definitely improving. With the advent of warmer weather, we will see the numbers get even better.
quote:
Originally posted by dolemitejb:
quote:
Unemployment won't improve until there is a positive business atmosphere i.e. when Obama is long gone.


Obama is not the cause of unemployment. To claim such a thing is silly and shows a real lack of knowledge with regard to the economy.


Despite the trillion already spent, the economy has improved, but little.

Japan is the poster child for NOT borrowing and spending to improve an economy. After their real estate bubble burst (at one time the imperial palace complex was valued at more than the total value of real estate in the US), the Japanese spent and spent on infrastructure projects. Practically, every inhabitant could have a road, bridge or rail line named after them. The result is a national debt twice the GDP and a moribund economy. Savings accounts pay 0.05 percent, postal savings accounts pay 1 percent and Japanese treasury bonds pay 1.25 percent. The Nikki is not a great place to invest in stocks. Japanese are investing in US Treasuries to cover their own retirement -- talk about desperate.

Japan dropped from the second richest economy to the third. Their work force is aging rapidly and their workers are rated at 70 percent of the efficiency rate of US workers because of age.

Similarly, the EU nations have stopped stimulus and are trying to reduce national expenses.

Yet, Obama wants to keep spending. To keep doing the same thing, while expecting a different result, is a sign of insanity.
quote:
Originally posted by O No!:
Ferrill, that is an OPINION POLL. The OFFICIAL numbers will be released in a day or two, but up to the 26th of February, the numbers look good.

http://www.dol.gov/opa/media/press/eta/ui/current.htm


Now I'm sure you will start saying that the official numbers don't mean anything, but if you compare apples to apples, in other words, the official numbers month by month, the employment outlook is definitely improving. With the advent of warmer weather, we will see the numbers get even better.


I've never heard of an opinion poll on unemployement, how does that work? In your opinion are you unemployed? The governments numbers are people who are drawing unemployment. If you're benefits run out then you are no longer unemployed according the government. Eventually unemployment could go all the way to zero when all the benefits run out. The gov numbers also don't include people working part time but looking for fulltime work.
quote:
The gov numbers also don't include people working part time but looking for fulltime work.


Those people are found in the guv'ment's U-6 unemployment table which I believe is 15.9% for this reporting period. The guv'ment doesn't include the long term unemployed who aren't getting unemployment checks. To see the real unemployment numbers, the Shawdowstats website is the place to go.
Ok, according to the governments own stats unemployment is getting better, by a few tenths of a percent. Most other stats show otherwise, neither one is exact. More and more state and local governments are going broke or taking drastic measures to survive. If you buy groceries i can tell you food prices are rising at an alarming rate. Gas prices in just the last few weeks are going out of sight with scary predictions for the future. I don't know any companies that I deal with that are talking about expanding or hiring, they are actually looking at ways to automate to reduce manpower and costs. If because of your POLITICS and your love of Obama you want to talk yourself into thinking that things are getting better go right ahead. I live and work in the real world and I know better.

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