Friday, March 4, 2011

Unemployment Drops to 8.9%

The numbers are moving in the right direction, and this month (especially compared to past months) it seems it is for the right reasons. The numbers still give an impression that our economy is stronger then it truly is.

"Nonfarm payroll employment increased by 192,000 in February, and the unemployment
rate was little changed at 8.9 percent, the U.S. Bureau of Labor Statistics re-
ported today. Job gains occurred in manufacturing, construction, professional and
business services, health care, and transportation and warehousing.

To put this in the contexts of the last year and a half; after rising to %9.5, 'fake' falling to %9.4, rising to %9.7, and then rising again to 9.8%, and rising again to 10.2%, dropping to 10%, held steady, dropping to 9.7%, held steady, held steady again, increased to 9.9%, dropped to 9.7%, fell to 9.5%, holding steady, rising a tick to 9.6%, held steady, held steady again, increased to 9.8%, 'fake' falling to 9.4%, 'fake fallen' again to 9%, and now dropped to 8.9%.

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