Friday, April 01, 2011

216,000

Investors and pols will tout this number as a positive sign. I don't believe the drop in the unemployment percent. That's people dropping out of the system.

Regardless the number is roughly 30,000 more than what has been predicted.

U.S. economy added 216,000 jobs in March, and the unemployment rate fell slightly to 8.8%, government says.

2 comments:

Glynn Kalara said...

The more people who drop off the edge the better for the Prez. He needs a low Un no. going forward. The Dems. have decided to throw the unemployed under the wheels to get him reelected. The Gopers won't be helping though, as they're going to counter every move by destroying as many jobs as possible going forward. Both parties are cynically using the uns for their own advantage. Pathetic.

Jim Sande said...

Its a very ugly time in American politics. People need to get back to the fundamentals of why our system is in its present shape. Get back to basics as it were.

If the number of jobs created was around 500,000 I would find that number to be relevant and very useful to this time. Its still obviously very weak out there. The political parties are using the numbers and the fear to exploit their particular agendas. Its a battle of megaphone, lies, distortions, and emotion. Not many are talking meat and potatoes.