Wohooo, the unemployement rate dropped to 9% (unemployment rate, death, Obama, economy)

[las vegas drunk]

I am very surprised to say the least. It is the lowest since April of 2009.

[Finn_Jarber]

Stand by for the negative twist.

[florida.bob]

Originally Posted by Finn_Jarber

Stand by for the negative twist.

Job gains still too low, but the trend is still positive. To be sure, recovery deniers will find lemons in the mix.

[HappyTexan]

Do you all realize that the benchmarking data changed with this report ?
I don't know the details though.

Employment Situation Summary
"In addition, establishment |
|survey data have been revised as a result of the annual bench- |
|marking process and the updating of seasonal adjustment factors.|
|Also, household survey data for January 2011 reflect updated |
|population estimates. See the notes at the end of the news |
|release for more information about these change."

I found it further down in the above link...population decreased..less working and less in the labor pool:

"The adjustment decreased the estimated size of the civilian noninstitutional population
in December by 347,000, the civilian labor force by 504,000, and employment by
472,000; the new population estimates had a negligible impact on unemployment rates
and most other percentage estimates. Data users are cautioned that these annual pop-
ulation adjustments affect the comparability of household data series over time."

[sanrene]

How did the rate fall while only creating 36,000 jobs?

Employment Situation Summary

Obamanomics at work.

http://news.yahoo.com/s/nm/20110204/bs_nm/us_usa_economy;_ylt=AkkJoCaO6_iNbNAlDQq16LGyBhIF;_ ylu=X3oDMTJmc3Y3aWxnBGFzc2V0A25tLzIwMTEwMjA0L3VzX3 VzYV9lY29ub215BGNwb3MDMgRwb3MDNQRzZWMDeW5fdG9wX3N0 b3J5BHNsawNwYXlyb2xsc3VwbWU- (broken link)

Payrolls up meager 36,000 as jobless rate falls

Nonfarm payrolls grew just 36,000, the Labor Department said on Friday, far less than the 145,000 increase that economists had expected.

Another "unexpected" report for the wiz-bang economists.!

[HappyTexan]

Originally Posted by sanrene

How did the rate fall while only creating 36,000 jobs?

Employment Situation Summary

Obamanomics at work.

See above..every year the BLS does adjustments to the benchmarking data and birth/death rates based on the previous years data.

From the link in my post:

Employed persons went from -472 to +589 (thousands).
So there were about 1 million more employed than the BLS knew about. This is all based on census data.

[Booya]

Originally Posted by sanrene

How did the rate fall while only creating 36,000 jobs?

Employment Situation Summary

Obamanomics at work.

They are so desperate to find something positive about Obama.

[florida.bob]

Originally Posted by sanrene

How did the rate fall while only creating 36,000 jobs?

Employment Situation Summary

Obamanomics at work.

Glad to see you acknowledge Obama economic plans are working. You, like the economy, are making progress.

[zentropa]

Originally Posted by HappyTexan

See above..every year the BLS does adjustments to the benchmarking data and birth/death rates based on the previous years data.

Sooooo, this is bad news? I await instructions on how mad to get.

[Booya]

Originally Posted by zentropa

Sooooo, this is bad news? I await instructions on how mad to get.

No! Don't get mad just get real!