U.s. Unemployment Rate At 7.6 Percent In March, Only Adds 88,000 Jobs

[News_Editor]

<p>WASHINGTON (BNO NEWS) -- The United States unemployment rate slightly decreased to 7.6 percent for the month of March, the U.S. Labor Department stated on Friday.

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<p>According to the March 2013 Employment Situation report which was released on Friday, 88,000 jobs were added in March, as the 7.6 percent jobless rate marked the country's seventh consecutive month below the 8 percent marker.

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<p>The 88,000 new jobs were much lower than those created in February, when the U.S. economy added 268,000. While the employment growth had averaged 169,000 per month over the last 12 months.

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<p>Acting Secretary of Labor Seth D. Harris said the number show an economy that "continues to bounce back," but noted that "not quickly enough for too many middle-class families."

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<p>"Private employment has now increased for each of the last 37 months, with 6.5 million jobs created over that time. So while we have come a long way in just a few years' time, the economy is not yet clicking on all cylinders," Harris said.

</p> <p> (Copyright 2013 by BNO News B.V. All rights reserved. Info: [email protected].) </p>

[chuckd]

What this article conveniently forgets to tell us is some 663,000 people left the job market after their unemployment benefits expired. They joined an estimated 90 million citizens that are no longer part of the labor force.

The unemployment rate dropped because this 663,00 people left the count process. The measly 88,000 job performance had little to do with the rate drop.

Just another Friday night government dump of propaganda.

Edited April 6, 2013 by chuckd

[NeverSure]

What this article conveniently forgets to tell us is some 663,000 people left the job market after their unemployment benefits expired. They joined an estimated 90 million citizens that are no longer part of the labor force.

The unemployment rate dropped because this 663,00 people left the count process. The measly 88,000 job performance had little to do with the rate drop.

Just another Friday night government dump of propaganda.

You are absolutely right. Figures don't lie, but liars figure, as they say. The unemployment rate is calculated on those who are collecting unemployment. If their unemployment payments run out, they are no longer in the figures.

"The labor-force participation rate -- the percentage of people eligible to be working or looking for work -- fell to 63.3 percent, the lowest since 1979. Had that number simply held stable, the unemployment rate might have been higher." Link

Detroit, Michigan, the former auto manufacturing giant, has lost 90% of it's auto manufacturing jobs since 1980.

[jamhar]

Well, not TOTALLY clueless. There are pockets with real employment issues. Mostly inner cities where minorities make up most of the residents.. So and SoEast LA, Bakersfield, Stockton, Sac in California. I'm told North Nashville has high rates of unemployment. Detroit, Philly, Ect.

But I do agree, that most of the US is doing great. Just like it is most of the time. Life there is almost pristine for most, in comparison. But we could do better. And we will continue to try.

We've been drinking out of that "service sector" cool aid a bit too much. time to buckle up and get back to more manufacturing, innovation, and hard work.

We'll get that unemployment rate down, 1/10% by 1/10%.

[metisdead]

An inflammatory post has been removed as well as a reply.