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Lower unemployment rate may mean people just gave up looking for jobs

By Don Lee, Los Angeles Times

January 8, 2011

Although the unemployment rate dropped dramatically to 9.4% in December, the government reported, employers added only 103,000 jobs, below many analysts' expectations. The report on average weekly work hours was also disappointing.

http://www.latimes.com/business/la-fi-unemployment-rate-2011...



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although fewer people may have "lost" jobs in the last

few months, I do not believe unemployment is lower at all--

bumping--

it's hard to be awake; it's easier to dream--

no it didn't drop

no it didn't drop dramatically. this author is full of it.

This is where they are getting that info from

http://www.bls.gov/news.release/empsit.nr0.htm

But they neglected to mention these:
"The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially
unchanged in December at 8.9 million. These individuals were working part time because their hours had been cut back or because they were
unable to find a full-time job."

"Within professional and business services, employment in temporary help services continued to trend up in December (+16,000) and has risen by
495,000 since a recent low in September 2009."

"The average workweek for all employees on private nonfarm payrolls held at 34.3 hours in December."

"In December, average hourly earnings for all employees on private nonfarm payrolls increased by 3 cents, or 0.1 percent, to $22.78."

I think they play with these numbers to make things "appear" to be better than they are. However, even if you take their numbers the trends are not good. People are taking part-time jobs because they can't get full-time jobs. People are taking temporary jobs because that is all they can find. Workweeks are getting shorter and wages are not keeping up with the cost of living. They can keep saying that the cost of living hasn't increased, but anyone who has been to the grocery store or paid a utility bill will tell them differently. I think there is a big difference between jobs and jobs with benefits and a decent wage and I'm not seeing increases in those jobs.

ecorob's picture

the unemployment rate is 18%...

and 15% of all Americans are on food stamps

how rosy is that?

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.