- checking login information
Loading...Unemployment Rate at Its Lowest in Two Years
Could the country’s jobless recovery finally be turning a corner? All eyes are fixed on the latest employment numbers, which show a slight downtick in jobless claims, putting the unemployment rate at the lowest it has been in two years.
According to USA Today, the unemployment rate fell a tenth of a percent this month, dropping from 8.9% to 8.8%, while 216,000 jobs were added. Unemployment has fallen a full percent since November of 2010.
Still, many analysts are warning people to cautious about the economic stability of the recovery and the new jobs being added. David Mann, of Standard Chartered Bank states:
“It’s slightly better than expected, but it’s nothing to get too excited about. The market was more or less looking for 250,000 or more and that would have more of a lasting impact. But it’s heading in the right direction. We’re creating over 200,000 jobs and the unemployment rate is going down. We expect more to be created the rest of the year.”
Republicans are also downplaying the potential recovery out of fear that it might provide ammunition to the President and the Democratic Party for both reelection and the current budget battle.
House Speaker John Boehner reacted to the report Friday, saying “any improvement in the jobs picture is welcome news for the country, but Washington needs to do more to end the uncertainty plaguing job creators.”
“That means getting control of government spending, ending the threat of tax hikes, removing regulatory obstacles to job growth, and approving stalled trade agreements that would open new markets for American exports,” Boehner said.
January and February job numbers were also updated, with about 7,000 jobs added to each month.
Read more: budget, john boehner, politics, unemployment
Disclaimer: The views expressed above are solely those of the author and may
not reflect those of
Care2, Inc., its employees or advertisers.
Recent Comments from Causes
"People need to read the bill --- my deductible used to be 3,000.00 a year NOW it's going to cost me…
If people must eat meat, and a cow, sheep, chicken...gets to live, then I'm o.k. with it. Industrial…
Thanks!
meet our writers
52 comments
+ add your owneconomy is beginning to improve slightly...NO THANKS to obama. In spite of him.
The reduction in unemployment is the sneaky way obama calculates it. Just like he went from "creating jobs" to "jobs saved" The man has no conscience, or integrity. He plays with words, shifts them around deliberately lies.
Those whose benies have run out, those are not even counted.
The few jobs that have been created are low wage jobs.
THANK YOU OBAMA YOU HAVE SAVED US ALL!
How many jobs are being lost to out-sourcing and off-shoring to foreign countries?
When have you ever heard it discussed?
Are those companies receiving tax breaks to do so?
Where is the news media? Where are those action teams getting to the bottom of it?
Maybe we just have to get to the bottom before anyone takes a look.
I live in Racine, WI, just south of Milwaukee. Racine's unemployment rate is over 14%, the second highest in my state. This is the worst it's ever been. So no, I'd say the economy is NOT improving. Milwaukee has over 12%.
We're still in a rut, and it's not getting much better.
Not!!! Get informed! That means you too Robin.
The rate isn't down. The number of people on the roles is just up. We have never counted the long term unemployed.
Another case of democrats pissing on us and expecting us to be thankful for the water. They could at least wait until the rate goes below the 8% they told us it wouldn't go past if we spent all that money on "stimulus".
People running out of benefits doesn't mean they found jobs, they just drop off the rolls. Nothing is any better. Check the figures for people on food stamps, they tell the story.
@Patricia S...
"Looks like the Republicans were right when they said that keeping the tax rate the same for the top 2% would bring in more jobs."
Why are you such a cheerleader for them? Even people like Paul aren't saying things like this because he knows it's not true. Please back this statement up with the ACTUAL jobs they have created. We'll all be waiting...
Sending a Green Star is a simple way to say "Thank you."
You cannot currently send a star to Roger because you have done so within the last week.
.
login to add your comment
use your care2 login
add your comment