Friday, April 1, 2011

Unemployment Falls to 8.8%

The numbers still are not good, and if you look at Gallup they may be much worse then is acknowledged, but they are trending in the right direction.

"Nonfarm payroll employment increased by 216,000 in March, and the unemployment
rate was little changed at 8.8 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in professional and business services, health
care, leisure and hospitality, and mining. Employment in manufacturing continued
to trend up.

Household Survey Data

The number of unemployed persons (13.5 million) and the unemployment rate (8.8
percent) changed little in March. The labor force also was little changed over
the month. Since November 2010, the jobless rate has declined by 1.0 percentage
point. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (8.6 percent),
adult women (7.7 percent), teenagers (24.5 percent), whites (7.9 percent), blacks
(15.5 percent), and Hispanics (11.3 percent) showed little change in March. The
jobless rate for Asians was 7.1 percent, not seasonally adjusted. (See tables A-1,
A-2, and A-3.)

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%, dropped to 8.9%, and has fallen again to 8.8%.

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