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Falling unemployment rates are spreading across the country as the recovery begin to take hold.
Unemployment rates fell or remained level in three-quarters of the 372 largest metropolitan areas, a sign that the economic recovery is widespread. The Labor Department said Wednesday the jobless rate dropped in 69 percent of metro areas last month from February. It rose in 24 percent of large cities and remained the same in the rest. That's an improvement from February, when the unemployment rate decreased in 51 percent of metro areas and increased in one-third.
"Still, the growth wasn't enough to bring down the unemployment rate, which remained at 9.7 percent for the third straight month." Can you say reaching, boy's and girl's?
"Still, the growth wasn't enough to bring down the unemployment rate, which remained at 9.7 percent for the third straight month." Can you say reaching, boy's and girl's?
Not "reaching" - just progessing as it always does during the early stages of a recovery. Unemployment comes down in a few places first, then more, then more - and as momentum builds the NATIONAL rate begins to fall as well. National unemployment rate has ALREADY dropped from 10.2% to 9.7% and it will CONTINUE to fall - possibly as early as Friday May 7th (when the April monthly numbers are to be released).
Not "reaching" - just progessing as it always does during the early stages of a recovery. Unemployment comes down in a few places first, then more, then more - and as momentum builds the NATIONAL rate begins to fall as well. National unemployment rate has ALREADY dropped from 10.2% to 9.7% and it will CONTINUE to fall - possibly as early as Friday May 7th (when the April monthly numbers are to be released).
Ken
The unknown factor in these numbers is the hundreds of thousands temporarily hired to conduct the census. We'll have a better idea of the strength of the recovery at the end of the summer when these people are laid off. Too early to celebrate.
Falling unemployment rates are spreading across the country as the recovery begin to take hold.
Unemployment rates fell or remained level in three-quarters of the 372 largest metropolitan areas, a sign that the economic recovery is widespread. The Labor Department said Wednesday the jobless rate dropped in 69 percent of metro areas last month from February. It rose in 24 percent of large cities and remained the same in the rest. That's an improvement from February, when the unemployment rate decreased in 51 percent of metro areas and increased in one-third.
The unknown factor in these numbers is the hundreds of thousands temporarily hired to conduct the census. We'll have a better idea of the strength of the recovery at the end of the summer when these people are laid off. Too early to celebrate.
Actually it's not that unknown. The March National numbers (which cover the time frame reported in the article linked in the first post) were reported the first week of April and break out private sector jobs from temporary government census jobs. March showed a gain of 162,000 jobs - of which 48,000 were government census jobs. You are right of course that the LOCAL report (basis of the article linked to in the first post) doesn't differentiate census jobs, but the monthly NATIONAL report did. Between those 2 you can get pretty good idea of how many of the jobs are regular jobs and how many are the temporary census jobs you mention.
Oh no, you better sell your stocks and buy gold, Ken.
Actually BOTH gold AND stocks are doing well at the moment.
I'm still of the opinion however that once it becomes completely apparent that the economy is definitely recovering and that the dollar is NOT going to drop into the toilet and that there will be no significant inflation, gold will drop (and drop fast).
Unemployment has NOT dropped at all. More people have given up looking for work. It's over 12% in California, and if you add all those who quit looking, it's over 15% nationwide.
Saying unemployment is dropping doesn't make it true...
Our corrupt leader is a lying POS...
At this rate it will be down to that elusive 8% that Obama promised when pushing the stimulus by the time his first term is up. Or maybe not.
Lets also see what happens to those numbers when all of the temp census workers are back out of work.
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