Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Unemployment Rate Drops, But Still Disappoints Economists

January 11, 2011 by  

Unemployment rate drops, but still disappoints economistsThe nation's unemployment rate in December reached its lowest levels since May 2009, but many economists said that the latest report from the United States Labor Department is a mixed blessing.

The economy added 103,000 jobs in the final month of 2010, which set the unemployment rate at 9.4 percent. Some experts believe that while the figure looks good on the surface, compared to November's 9.8 percent unemployment rate, it likely indicates that fewer people are in the workforce.

Economists surveyed by CNN predicted that December's figure would be 9.7 percent, but they expected a gain of approximately 150,000 jobs. The news provider reported that the labor market typically requires at least 300,000 to make a difference in the unemployment rate, indicating a significant drop in the number of Americans who were searching for jobs in December.

"Incredibly, the U.S. labor force is now smaller than it was before the recession started, though it should have grown by over 4 million workers to keep up with working-age population growth over this period," Heidi Shierholz of the Economic Policy Institute told CNN.

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “Unemployment Rate Drops, But Still Disappoints Economists”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

  • TIME

    HELLOOOOOOOOooooooooooooooooooooooooo

    Can anyone say “””PART TIME JOBS””” for CHRISTMAS & the Holidays?

    This rhetoric is beyond absurd anylonger.

    People please wake up.

    • Lastmanstanding

      Once again, more “smoke and mirrors”.

      People, you must wake up.

    • Al Sieber

      TIME, you got that right.

  • Mike Austin,TX

    It dropped due to people giving up on looking for a job. More smoke and mirrors. In 2 months we will be higher than we are now and people will not be buying goods, therefore, more layoffs of those who were brought back to cover the holidays. Nothing fundamental has changed so there can be no real improvement. Sad that so many accept the Gov’t version of math.

  • Bitter Libertarian

    Whats Interesting is the Unemployment rate itself. I have seen numerous other data tracking systems that reflect much higher numbers. While I cant remember them all by name (no time to track everything) It should be noted that the deception is not the numbers but how they decide what to use to get those numbers.
    Many people are misled by those numbers because its too big a puzzle to put together.
    I have heard that once people fall off unemployment benefits that they are no longer counted.

    I’ve also heard another factor that keeps the statistics hovering near that magic 10%, and its more important then anything IMHO…that is: the statistics are reflected off the available jobs out there NOT the total number of Jobless people! So as Business’s die off and close doors, there are fewer jobs available combined with people falling off benifits keeps the numbers hovering near the magic 10%.

    I wonder if anyone else has heard of this manipulation.

    • Al Sieber

      Bitter L., I agree with that, the real numbers are over 20%.

  • penny

    UNEMPLOYMENT IS DETERMINED BY THE NUMBER OF PEOPLE DRAWING BENEFITS MOST OF THE DROP IN NUMBERS IS FROM THE PEOPLE THAT HAVE RUN OUT OF BENEFITS AND NO LONGER COUNT. YOU ARE ALLOWED 99 WEEKS OF BENEFITS WEATHER YOU WORK 3 MOS OR 40 YEARS. YOUR WAGES DETERMINE HOW MUCH YOU GET.NOW IF YOU HAVE NEVER WORKED JUST WENT DIRECTLY TO THE WELFARE SYSTEM YOUR BENEFITS ARE DETERMINED ON THE NUMBER OF CHILDREN YOU HAVE AND YOU CAN DRAW THAT FOR LIFE AS LONG AS YOU CAN STILL BIRTH CHILDREN.

    • Lastmanstanding

      And that ladies and gentlemen is just one (or should I say 2) of the many reasons why our country is where it is today. Something has got to give. You cannot have nearly 50% of our country sitting on their asses expecting the rest of us to support their pathetic, weak, miserable lives. The elite libs/progs will give them enough FREE EVERYTHING to get what they need. (VOTES TO STAY IN CONTROL OF ALL OF US!!!) What they don’t realize is just how STRONG WE REALLY ARE!!!

      Prepare for the worst, while standing tall, proud and committed to liberty and freedom…

      • Bitter Libertarian

        Parasites feeding off the healthy…..

        • joe sun

          In all my life I have never met some one that did not think they work harder than every one else !!!

  • Raggs

    The unemployment rate is bogus!

    It has only declined due to the holiday retail sales, it will rise in January back to 10%.

  • s c

    What the **** do you expect? The government gets a free pass. It can and does create and manipulate statistics daily. America is going the way of old Rome, and many elected schmucks are so corrupt that they think we can’t get “there” fast enough.
    Chickens guarded by foxes get a better deal than we’ll get from Uncle Scam. My parents and grandparents would not have believed what would happen to America. This 24/7 insane approach to reality so sickens me that if America manages to stay intact for another 5 years, I’ll consider becoming a progressive and volunteer to help build statues to honor Lenin, Marx, Obummer, Pelosi, Reid, Frank and any other kookoid anyone cares to name.
    Pass the Prozac, nurse. It’s the new breakfast of champions and sunshine patriots.

  • http://PersonalLibertyDigest Randy 131

    Just wait for the publishing of January’s unemployment numbers come out, when all those people hired for the holiday sales are then laid-off. How are the Democrats going to spin that? It’s going to get bad in 2011, really bad. Conservative majority in only one house of Congress will not be enough to turn this economy around, but will give the Democrats an excuse for their failures. The American people need to keep getting involved more in whats going on in their government, then maybe they’ll realize that all these social entitlements and excessive Democratic spending has destroyed our economy, and must be reversed before the economy can return to health. This especiaaly includes Obamacare.

  • Ken

    I see a lot of comments on unemployed being lazy and just sitting around and I find this totally foolish to think this way. I am unemployed after losing my job of 5 yrs and I have been on unemployment benefits. The 99 weeks you speak of here in Arizona is an extension of about 20 weeks. I have looked for work hard being that I hate not working and supporting my family. One of the last interviews I had there were over 3000 other people that applied for the same job. I have put in for jobs like dishwasher and custodian trying for work and have not gotten the job. The big drop in unemployment was due to people not being able to get anymore unemployment and dropping off the list, not due to the increase in jobs. We are in a sad state and most of you don’t really have a clue. I have put in for jobs so many times that I have even gone over some twice. It takes employers up to months now to get back with you if they do at all. So the ones of you that blame unemployed as fat and lazy worthless, please get a clue and quit beating on the defenseless that do not deserve it. I do agree there are some that way, but not all of us are. Feel lucky that you have a job and can mouth off at others that don’t. We didn’t have Thanksgiving nor Christmas here and no decorations put up.

    • Richard Pawley

      My sister was unemployed for a solid year and interviewed for anything and everything (150 different places), even far outside her field, and as far as 50 miles away which would be a 100 mile a day commute. She finally found a job and only has to commute 60 miles a day. Unfortunately the extension of unemployment benefits for another year at the full amount will cost taxpayers an additional 60 BILLION DOLLARS and that means if we paid it off without interest it would cost us over 1.64 million dollars a day for a hundred years. Now the congress is trying to raise the national debt AGAIN. If this doesn’t stop my predictions of prices more than tripling will be one step closer to reality. Those who are collecting unemployment had better be stockpiling non-perishable food and whatever else you may need that may soon be out of site, price wise. I can’t tell you when but many of my sources believe it’s a lot closer than it was.

  • Earl, QUEENS, NY

    I did see something on the Yahoo home page this morning about BHO’s approval rating inching back up due to the (improved?????) economy, and I’m far from silent on that. Despite what drones or naïve liberal morons, et al, may think, we need to consider the facts. 1st, the economy still is very ill. The unemployment rate is still above 9%, and it has been for 20 months, the longest since the Great Depression. And the latest figure doesn’t take into account all the discouraged seekers who gave up looking for work. 2nd, the economy has been very ill for over 2 years, including the nearly 24 months in which BHO has been POTUS, and since the disastrous election on 11/4/2008, presumably reacting because many investors and businesses knew what a disaster BHO and his democraps would be. 3rd, we know BHO’s policies have failed. E.g., we know that his projection that the costly failed stimulus/porkulus bill passed some 2 years ago would keep unemployment no higher than 8% was wrong!! It’s been way over that since the crapulous bill passed!! Finally, perhaps Wall Street and businesses now have more faith. That is, they see that the new GOP House will stop the advancement of BHO’s Marxist agenda. To all the naïve American voters, what I’m saying is that if there’s any improvement in the economy between now and 1/20/2013 (which will hopefully be the end of an error!!), it will be IN SPITE OF OBAMA, not BECAUSE of him!!

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.