MercoPress. South Atlantic News Agency
US unemployment rises slightly in February despite a boost in new jobs
The US economy added 175,000 new jobs in February, but the unemployment rate rose slightly to 6.7%. The jobs figures, from the US Labor Department, were better than many had been expecting and marked a rebound from two weak months. Read full article
Comments
Disclaimer & comment rulesI think the most appropriate statement to make is:
Mar 08th, 2014 - 11:40 am - Link - Report abuse 0“I TOLD YOU THIS WOULD HAPPEN”
The stats from January were a joke.
Chris, My 'on the ground” observation is that the US economy is doing well. There's a lot of pent up demand though. People are waiting until the horrible administration is replaced.
Mar 08th, 2014 - 03:52 pm - Link - Report abuse 0It looks like Senate will turn this year and that will put all the Marxism to rest until Odumbo is gone.
The unemployment statistics from USAMEX never tells the real story.
Mar 08th, 2014 - 05:41 pm - Link - Report abuse 0Unemployment in USAMEX I measured using 6 index going from 1 to 6 (U1 to U6)
The figure in this article of 6.7% only shows the U3 index which is not the total figure of the fake official statistics issue by the BLS (U.S. Bureau of Labor Statistics)
U6 total official Unemployment is close to 13%.
But that it is not the whole thing...
If workers have been out of work form more than a year like a long-term unemployed those workers are not counted anymore anywhere like if they are dead.
It is not fantastic?
@ 2 yankeeboy
Mar 08th, 2014 - 07:04 pm - Link - Report abuse 0I agree with you, my original post made the point that these employment figures are a crock of shit, simple as that.
Obuma has caught the British disease of taking able bodied people looking for work but getting demoralised OFF the register: they don’t exist!
Camoron is the equal of Obuma and then some.
The unemployment numbers are as accurate as any other country's numbers. I don't put much faith in them. They're really only for general tracking.
Mar 08th, 2014 - 10:46 pm - Link - Report abuse 0The trend is good and once Odumbo goes away the economy will rev up quickly. It may even happen after Senate changes but I hope not. I don't want that idiot to get any credit for something he didn't do.
@yankeeboy
Mar 09th, 2014 - 09:56 am - Link - Report abuse 0“The trend is good and once Odumbo goes away the economy will rev up quickly”
The trend is good, yes is good to collapse...
This year USAMEX external debt figure will rise over 17 trillions dollars and the economy despite QE and low interest rate is dead.
The figures of unemployment are fake and partially released by OBAMOSO & co.
Here it is the complete chart from US BLS gov (with cooked figures)
http://www.bls.gov/news.release/empsit.t15.htm
As you can see the official figure cooked for total unemployment is 12.6% and not 6.7% for February 2014 (see U6 marginally attached labour force).
Then you have to make a rough estimation of all those workers that for many reasons have become chronic unemployed and even if they are willing to work the BLS are not counting them anymore like for example long term discouraged workers.
Workers look actively for a job especially after the first months when she/he was fired.
Then after months of no luck and without any income looking for a job become a big problem for them.
Looking for a job has become a job per se and requires a minimum budget to expend in sending CVs, attend interviews, travelling, etc.
So if you look further into it at least 8% of the active worker population disappear magically from the US BLS statistics.
So according with this the real unemployment in USAMEX is over 20% and not 6.7% as this article pretend to make us to believe.
http://www.bls.gov/news.release/empsit.t15.htm
http://www.bls.gov/news.release/empsit.t15.htm
“once Odumbo goes away the economy will rev up quickly”
That is magic thinking.
Doesn’t matter who will be in the next administration. To fix USAMEX economy will take at least 10 years or more. And will take this time if measures that are required to fix the economy are taken right now.
I don’t see any of this and you?
Dany, The USA is far far away from a potential collapse. There are no stats you could point to that would show that.
Mar 09th, 2014 - 03:10 pm - Link - Report abuse 0The next decade will see a rebirth of USA mfg as US corps bring it back home due to cheap energy. You see a marked decrease in the trade deficit as we continue to become more energy independent and more mfg is within the USA.
http://www.bcg.com/documents/file84471.pdf
http://www.bcg.com/documents/file84471.pdf
http://www.bcg.com/documents/file84471.pdf
The pent up demand is palatable if you live here you'd know that. Where I live there is extremely low unemployment and construction is booming. The areas of the country that were hardest hit during the downturn are seeing substantial catch up growth.
US companies are sitting on U$7T in cash. I thinks as soon as Odumbo is gone that money will start flowing again.
I am not at all worried about the USA. We are hardworking, innovative, honest, powerful and rich. That's not going to change in any of our lifetimes.
@yankeeboy
Mar 09th, 2014 - 11:23 pm - Link - Report abuse 0Are you really serious YankeeBoy?
And do you think that because Ford will move a production plant investing $168M and because Walmart promises to buy more American products you will boost an economy of $16 trillions with a huge debt of $17 trillions and growing?
Have you ever heard about Magical Thinking?...
Yes I do. Prove me wrong.
Mar 10th, 2014 - 02:31 am - Link - Report abuse 0@YankeeBoy
Mar 10th, 2014 - 09:45 am - Link - Report abuse 0I don’t need to prove you wrong because will be just ridiculous... Do you know what I mean?
US needs to cut immediately spending to reduce its debt and that means a lot of pain that Americans are not willing to take and politicians are not willing to face...
So debt will continue growing, serving the external debt will increase its share in the govt. budget and things will go like this until one day you will hear...
US default....
And Argentina 2001 will be a joke compared with the mess in USAMEX...
Borrowing is a limit resource ate least in planet earth, may be you are so lucky and you can find new lenders in Jupiter... Who knows?
In the near future will be a salvage competition for funding sources around the world and interest rates will rise.
Can you imagine the picture of this?
Don't worry, you are so lucky after all and you always can go back to Tijuana to start again your former “Chile con queso” and “tacos” street selling business.
'ave you ever thought to have a Mariachi “New Stylo band”?
http://www.youtube.com/watch?v=ekejxQ-3cj4
Dany, Debt is but one factor of a thriving economy. I'm not worried about our debt, we have a 17T economy and 17T debt, all in our own currency most owed to our banks, our own gov't entities, our own citizens.
Mar 10th, 2014 - 10:38 am - Link - Report abuse 0If people much smarter than you were worried about it we wouldn't be paying under 3% interest now would we?
If you really wanted to insult me call me an Argentinian. At least Mexicans work.
@YankeeBoy
Mar 10th, 2014 - 02:52 pm - Link - Report abuse 0And that what changes?
If that money comes from Mutual and pension funds or whatever...
Are you thinking to leave millions of future pensioners without any income in the future, plus anger foreigners who are holding 6 trillions of US crap?
Have you any idea of how much chaotic that would be when people find out that their saving have gone?
What are you talking about we would never default. It is practically impossible to default when the debt is in your own currency.
Mar 10th, 2014 - 03:42 pm - Link - Report abuse 0Dany, I'm not happy about our debt but it is manageable and compared to the other large GDP countries we are just fine.
As I said I'm not worried about it and neither is anyone else.
Sorry to disturb your wet dream.
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