US job numbers.

Discussion in 'Markets & Economies' started by Silverthorn, Apr 7, 2012.

  1. Silverthorn

    Silverthorn Well-Known Member

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    couldn't see this posted. US jobs numbers worse than expected.

    http://www.marketwatch.com/story/us-economy-gains-120000-jobs-in-march-2012-04-06
     
  2. Aum

    Aum Member

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    From that article-
    "The March report also contained other signs of weakness.
    While the unemployment rate fell to 8.2%, the lowest level since January 2009,
    the decline stemmed entirely from people dropping out of the labor force.
    It's the first time that's happened this year."

    Reading between the lines...
    While the jobless rate ticked lower to 8.2%,
    this was primarily due to a drop in the participation rate to 63.8%,
    back within a tenth of a percent of the 29-year low of 63.7%.
    The jobless rate fell because people are dropping out of the labor force.

    Aum
     
  3. Silverthorn

    Silverthorn Well-Known Member

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    This quote doesn't jibe with the later comment.

     

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