Unemployment Numbers and Jobs, February 2012 Edition
|March 9, 2012||Posted by Adam T under News Bump, Political News, Political News - U.S.|
Today, the unemployment and job numbers came out from the Bureau of Labor and Statistics. 227,000 new jobs were added in February, and the unemployment rate stayed steady at 8.3% due to more workers entering the workforce. As such, the U-6 statistic, which includes just about everyone, dropped from 15.1% to 14.9%. The job numbers that were estimated in January have actually been revised from 243,000 new jobs to 284,000 new jobs.
I talked about the January numbers in this post. The new A-15 table press release is here, and it looks like this:
An updated chart for how the numbers are doing is below. All of the numbers have either stayed the same or dropped, yet again.
The U-6 metric dropping below 15% is quite significant. It means that the measure of those who are in the workforce, but not satisfied, has dropped quite a bit.
I’ve been a bit disappointed in the conservatives following this news, since they have been rather quiet on this issue. We get the same stuff – things like the numbers must be doctored, or it’s still not good enough, or something like that. But this has largely been a quiet day. Instead, it looks like we’ll be treated to more rhetoric about contraception and gas prices.
The unemployment rate and job numbers are encouraging, not just for liberals and President Obama, but for the entire country. And it looks like with two straight years of job growth, we can expect this trend to continue.