Unemployment up to 5.7 - Democratic Underground

59millionmorons

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Fri Apr-02-04 08:33 AM
Original message

Unemployment up to 5.7

Edited on Fri Apr-02-04 08:37 AM by demdem

Hmmm-308,000 jobs created. Bush still 2.2 milion jobs away from hi prediction of 2.6 million jobs.

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Florida_Geek

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Fri Apr-02-04 08:35 AM
Response to Original message

1. where did you see that nt

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59millionmorons

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Fri Apr-02-04 08:35 AM
Response to Reply #1

2. CNN

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Quetzal

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Fri Apr-02-04 08:36 AM
Response to Original message

3. U.S. payrolls rocket higher in March

U.S. payrolls rocket higher in March

WASHINGTON - U.S. employers added 308,000 jobs in March, the government reported Friday, as the jobless rate edged up to 5.7 percent. More details to follow

http://www.msnbc.msn.com/id/4652107/

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NNN0LHI

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Fri Apr-02-04 08:43 AM
Response to Original message

4. The number of new jobs goes down and the unemployment rate drops

The number of new jobs increases and the unemployment rate goes up? Can someone explain how that can be possible? Thanks in advance.

Don

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59millionmorons

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Fri Apr-02-04 08:51 AM
Response to Reply #4

5. I will give it a shot

Has something to do with more people wanting jobs than actually has gotten a job. Don't stick me too this, I heard this on CNN. Anyway you need 150,000 jobs a month to keep up with the dropoffs. So far this year Bush has not kept up with this number needed.

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muriel_volestrangler

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Fri Apr-02-04 09:14 AM
Response to Reply #5

6. Here's the detailed figures

http://www.bls.gov/news.release/empsit.t01.htm

including those who want a job, but don't come in the official definition of unemployed.

Seasonally adjusted figures (in thousands):


            Feb 2004  Mar 2004  change
  employed   138,301   138,298  -0.002%
unemployed     8,170     8,352  +2.228%
want a job     4,746     4,843  +2.044%

So seasonally adjusted, it was a decrease in employment from February to March. Those looking for work increased. That doesn't sound like good news to me.

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Kathy in Cambridge

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Fri Apr-02-04 09:15 AM
Response to Original message

7. What about the million people whose unemployment ran out last month?

I wonder how many of them got jobs.

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59millionmorons

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Fri Apr-02-04 09:17 AM
Response to Reply #7

8. shhhh

We dont want to talk about them.

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