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Friday, February 11, 2011

U.S. Unemployment: http://www.bbc.co.uk/news/business-12364507

According to BBC News, the U.S. Department of Labor stated that unemployment fell from 9.4% in January to 9.0% in February. But this is still not as good as prospected. Many economists in the U.S. Department of Labor thought that the number of jobs created would be closer to 140,000 than the real total of 36,000. Many believe that this was due to the many blizzards that occurred in January, keeping many workers at home. According to the Bureau of Labor Statistics the number of unemployed fell by 600,000. So we might consider this a really good thing. But is it just a hoax? It is. . . When economics are concerned the U.S. classifies workers into categories. These include employed, unemployed, discouraged job seekers, and other. Many of the 600,000 people who are no longer unemployed have been placed in the category of discouraged job seekers. They are still unemployed.
The numbers of private, retail, manufacturing, and healthcare sectors also are not as good as projected but the U.S. economy is still making progress every month. Manufacturing jobs rose by 49,000, Retail by 28,000 and healthcare by 11,000. What is very strange is that much of the data is coming from two different sources. One from households, and two from employers.  

http://www.bbc.co.uk/news/business-12364507    

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