US Loses Another 20,000 Jobs But Unemployment Rate Drops to 9.7%
BB sent the latest unemployment graph.
It’s an Obama world. Up is down. Square is round. Trucks are jokes. And, losing 20,000 jobs actually brings down the unemployment rate.
The US lost another 20,000 jobs in January but the unemployment rate dropped to 9.7%. The new counting methods saved or created 541,000 jobs.
The AP reported:
The unemployment rate dropped unexpectedly in January to 9.7 percent from 10 percent while employers shed 20,000 jobs, the government said Friday.
The rate dropped because a survey of households found the number of employed Americans rose by 541,000, the Labor Department said. The job losses are calculated from a separate survey of employers.
The report also included an annual revision to the estimates of total payrolls, which showed there were 930,000 fewer jobs last March than previously estimated. The department also revised down its estimates for April through October of last year, adding another 433,000 job losses.
The November figure was revised higher, however, to show a gain of 64,000 jobs.
All told, the Great Recession has eliminated 8.4 million jobs, the department said. That’s the most of any recession since World War II as a proportion of total payrolls.
Hat Tip Sliderblaze
February 5th, 2010 | 8:19 am | #1
[...] the original: Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs [...]
February 5th, 2010 | 8:31 am | #2
Obama can personally claim credit for the creation of all the new jobs for Scott Brown’s new staff due to his policies.
As for the jobs lost by Kirk’s outgoing staff, he’ll blame Coakley.
February 5th, 2010 | 8:36 am | #3
[...] President… Stop The ACLU: Democrats: What’s The Plan? Obama: A Rousing Speech! Gateway Pundit: Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and The Obama Disaster– Only 11% Say Economy Better Since Dems Passed $787 Stimulus and Nevada [...]
February 5th, 2010 | 8:37 am | #4
Well, it is official. Unicorns exist.
February 5th, 2010 | 8:37 am | #5
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February 5th, 2010 | 8:38 am | #6
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February 5th, 2010 | 8:41 am | #7
[...] layoffs won’t spare ‘60 Minutes’ GayPatriot: Hey Obama, Can You Spare A Job? Gateway Pundit: Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
February 5th, 2010 | 8:45 am | #8
Nothing new here…Simply counting temporary Census takers.
February 5th, 2010 | 8:46 am | #9
I don’t think anyone really believes these numbers. It is only the beginning of Feb. These idiots are blowing any credibility they have left.
February 5th, 2010 | 8:47 am | #10
The unemployment rate dipped due to the increasing number of Americans who have given up looking for work.
It’s called despair. Workers who have lost hope aren’t counted as unemployed because they’re not actively seeking work.
Numbers lie, but it works for Obowma.
February 5th, 2010 | 8:48 am | #11
This crapola works because the MSM and most US citizens went to public school and are “innumerate.” That’s same same as illiterate except it’s about numbers and what they mean.
See Prof. Paulus’ excellent books.
So, let’s have a couple dozen choruses of:
“Happy Days are here again . . .”
February 5th, 2010 | 8:51 am | #12
In all fairness the two reports use different methodologies and the difference in the two unemployment numbers reflect that. In our modern economy the Household Survey is likely the most accurate but it has always been necessary to delve into the guts of these reports rather than rely on the headlines.
February 5th, 2010 | 8:52 am | #13
20,000 drops the rate .3% to 9.7%, but the revised addition of 800,000+ not counted in 2009 doesn’t revise it at all…i love DC Math
February 5th, 2010 | 9:00 am | #14
Christina Romer just appeared on Varney’s show on Fox. He asked her 3 times – will you make the case that raising taxes on the wealthy will create jobs. She wouldn’t answer the question but in trying to dodge it, she demonstrated the depth of her fecklessness. (No small feat in itself, mind you.)
Sadly, I have never witnessed a larger gathering of clueless incompetents than the Democratic party. I struggle for an analogous symbol – does Lemmings work?
February 5th, 2010 | 9:02 am | #15
Funny, the media scoffed at the Household Survey during the Bush years, when small business start-ups were tracked by its usage.
February 5th, 2010 | 9:06 am | #16
As a tax preparer, I can attest to the number of small businesses being created due to frustrations in the job market.
Most small businesses do not show profits in the first, second, sometimes third years. Starting a business of any sort is a good way to claim a loss and offset any gain (read=tax liability) an individual or couple may have.
February 5th, 2010 | 9:06 am | #17
This entire regime is one big shell game, from his eligibility to this. A total fraud, and everyone in a position to do something, just go along. It’s the dark skin you know, it’s historic. The hell with their kids, the hell with the country, it’s historic!
History will tell what a total sleaze Obama is.
February 5th, 2010 | 9:08 am | #18
From zerohedge:
“Yet a number that avoids some of the constant fudging by the BLS, the Non-Seasonally Adjusted number, hit a new recent record: instead of 9.7%, this number was 10.6%, a 0.9% increase from December!
The same can be seen in the U-6 data. NSA U-6 is now at a record 18%, even as the seasonally adjusted number declined to 16.5%.”
Labor participation rates and total employed also dropped in the initial report, which means that people continue to drop out of the workforce. Look for these numbers to get worse in the revisions later on.
http://www.zerohedge.com/article/nfp-20000-consensus-15000-non-seasonally-adjusted-unemployment-rate-both-u3-and-u6-surge-rec
February 5th, 2010 | 9:23 am | #19
Obama is a cringe inducing name to a growing number of people.
CBS online poll: Majority gives Barry an “F” on first year.
http://www.cbsnews.com/blogs/2010/01/19/politics/politicalhotsheet/entry6116297.shtml?tag=+stack
February 5th, 2010 | 9:27 am | #20
Rep. Buck McKeon, ranking member of the armed serv. committee took Obama and Holder to task yesterday on their foreign policy yesterday at the heritage foundation… Very Nice Replay on Cspan…
February 5th, 2010 | 9:33 am | #21
I made a pledge not to participate in this recession.
My spare time is going to fighting this administration and it’s policies. The choice was easy during the campaign McCain was only going to destroy the Republican party. Obama is going to distroy the country. Easy choice. I can get a new party but this is my home. Powder is dry.
February 5th, 2010 | 9:43 am | #22
This reminds me of the Health Care Shuffle. Collecting premiums for four years so that the “estimated” cost can be kept under one trillion dollars. That is a magic number to the Progressives because that is the amount the Democrats have been using against the “useless” wars in Iraq and Afghanistan.
I’m sure that someone somewhere has assigned the magic number for unemployment to be less than 10%.
Just like the American public isn’t solely focused on the costs for nationalizing Health Care, the American public isn’t focusing solely on the 10% mark for unemployment.
We are not ignorant! We see what is going on because more and more people are believing that either the Obama Administration doesn’t have a clue how to run the government or they are hell bent to promote their socialistic agenda.
Unfortunately for them more and more people are believing, as I have all along, that it is the latter.
February 5th, 2010 | 10:12 am | #23
Here’s a question. Is Obama’s economy destroying the health of Americans? Because of the high stress levels of all the unemployed, (health issues like high blood pressure, heart disease, etc. ) is he contributing to higher health care costs? I don’t think this is a stretch. Reportedly, dentists are reporting very high levels of teeth fractures from people grinding their teeth while sleeping—due to stress.
February 5th, 2010 | 10:33 am | #24
There were also in the same BLS report a reference to 900,000 jobs that had been ommitted March 2009. Deception or “innocent error”?
900,000 more unemployed than reported is horrible.
The Resident Obama is taking credit for farm jobs. They have been declared as “green jobs” according to wiki. When farming ramps up with field work in the spriing, he can take the glory for creating new green jobs. A farmer driving a green John deere Tractor counts as 2 green jobs.
February 5th, 2010 | 11:23 am | #25
OT: After all of the rush and the many deadlines last year, including one in the middle of the night, not to mention all of the time wasted on the 3000 page monstrosity, because he insisted it had to be done immediately and first in order to save the economy, now it takes a back seat to a second porkulus package. Obamao and his minions are bound and determined to do whatever will harm America most and to get that done first.
The Associated Press
Thursday, February 4, 2010; 7:10 PM
At The Washington Post
WASHINGTON — President Barack Obama says “we should take our time” getting to a final health care bill.
He said Thursday he wants to go through the legislation in detail with Republicans to examine their ideas and Democratic ideas to see whether there are better ways to improve the nation’s health care system than have already been proposed.
Obama said that letting some time pass before calling for a vote also will allow “everybody to get the real facts.”
The president spoke to donors and supporters of his political organization, Organizing for America, one of a handful of fundraisers he was headlining Thursday for Democrats.
Obama said it is most urgent to focus now on a jobs package, but that health care must be addressed afterward.
http://www.washingtonpost.com/wp-dyn/content/article/2010/02/04/AR2010020404103.html
February 5th, 2010 | 11:27 am | #26
Common sence would tell you if unemployed go up,then the unemployed rate would go up.but then they did put Acorns on the pay roll.They have 8000000 illegal holding down america jobs.
February 5th, 2010 | 11:34 am | #27
They must be counting the huge increase in federal employees as “jobs created”.
February 5th, 2010 | 11:58 am | #28
Figures lie, liars figure.
February 5th, 2010 | 12:27 pm | #29
“It’s an Obama world.”
Where basic math was learned at a school in Indonesia while registered as Barry Soetoro the Muslim.
February 5th, 2010 | 12:28 pm | #30
Obama’s Labor Department discovers
541,000 jobs not previously reported.
How “unexpectedly” convenient.
February 5th, 2010 | 12:31 pm | #31
Looks like Barry has extended data treatments used in “climate science” to U.S. employment figures. Up is down, down is up. Barry has truly become the “Ecomomy Corpse-ist”.
February 5th, 2010 | 12:44 pm | #32
They probably counted hookers, pimps, and drug dealers as “employed.”
February 5th, 2010 | 1:36 pm | #33
I just paid the last of my daughter’s $200,000 college tuition. She graduates in May and there are no jobs.
F*CK YOU OBAMA!
February 5th, 2010 | 2:24 pm | #34
[...] Pundit – Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs Share and [...]
February 5th, 2010 | 2:39 pm | #35
Obama is a failure
February 5th, 2010 | 3:27 pm | #36
“Unemploymentgate?”
February 5th, 2010 | 5:24 pm | #37
And the number of lost jobs went up about a million making the total jobs lost of 8.4 million … When you add a million to the 2009 unemployment data doesn’t that make it go up?
It’s easy to spot the LIARs
February 5th, 2010 | 7:08 pm | #38
“Chicago Mathematics”
produced by Obama fellow travelers in “education” of the circuit of William “Bombs away” Ayers.
Worse math program in the country. Totally degrades math skills and logical thinking – on purpose! What a surprise to see it surfacing out of Washington these days.
February 5th, 2010 | 8:42 pm | #39
Hey, when the results don’t meet your needs, change the numbers. Has this bunch of liars not done this before?
February 6th, 2010 | 8:13 am | #40
Sounds like they are using the same model as the Global Warming alarmists. That’s the only way to add ‘nuance’ to the stats to make a loss into a gain.
This administration has turned ‘the more outrageous the lie, the more likely it will be believed’ into an artform. Too bad, for them, that the American people are finally beginning to waken from their self-induced political coma.
February 6th, 2010 | 8:58 am | #41
[...] Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs [...]
February 6th, 2010 | 1:17 pm | #42
They mis-counted nearly a million jobs lost last March…Is Michael Mann involved…I mean, he gave al gore the hockey stick proving global warming. Sounds like his math at work again…
February 6th, 2010 | 1:19 pm | #43
I remember Peter Orzag, Obama’s budget director, when asked about the deficit last year he replied, “What deficit?” The arrogance of this band of thieves is astounding!!!!! By the way, I saved or created a job by posting at this blog…
February 6th, 2010 | 8:32 pm | #44
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February 7th, 2010 | 4:01 pm | #45
[...] of Obama-ism Gateway Pundit: Obama Can’t Resist – Will Appear on TV Super Bowl Sunday and Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
February 10th, 2010 | 10:23 am | #46
[...] we wonder why we have a 9.7% unemployment rate? President Obama will seek advice from race hustler Al Sharpton today on how to [...]
February 10th, 2010 | 10:41 am | #47
[...] the Books on Unemployment and Obama Can’t Resist – Will Appear on TV Super Bowl Sunday and Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
February 10th, 2010 | 8:33 pm | #48
[...] Discuss Jobs Creation and Democrats Applaud Increasing National Debt by $1.9 Trillion (Video) and Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
February 11th, 2010 | 9:31 am | #49
[...] the Books on Unemployment and Obama Can’t Resist – Will Appear on TV Super Bowl Sunday and Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
February 13th, 2010 | 3:18 pm | #50
[...] by $1.9 Trillion (Video) and Greenspan Confirms: Team Obama Cooking the Books on Unemployment and Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
February 13th, 2010 | 8:33 pm | #51
[...] an Obama world. Up is down. Square is round. Trucks are jokes. Losing 20,000 jobs actually brings down the unemployment [...]
February 13th, 2010 | 8:39 pm | #52
[...] the Books on Unemployment and Obama Can’t Resist – Will Appear on TV Super Bowl Sunday and Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
February 14th, 2010 | 11:04 am | #53
[...] Gateway Pundit: It’s an Obama world. Up is down. Square is round. Trucks are jokes. And, losing 20,000 jobs actually brings down the unemployment [...]
February 17th, 2010 | 11:13 am | #54
[...] by $1.9 Trillion (Video) and Greenspan Confirms: Team Obama Cooking the Books on Unemployment and Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
February 17th, 2010 | 3:33 pm | #55
[...] by $1.9 Trillion (Video) and Greenspan Confirms: Team Obama Cooking the Books on Unemployment and Breaking: Unemployment at 9.7% – New Counting Method Saved or Created 541,000 Jobs and Nevada Governor Slams Obama: “Doesn’t He Know That Thousands of Vegas Families Are [...]
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