Unemployment rate 5.5% Over half million jobs in 2 months

So more good news for the economy is rolling in today, the national unemployment rate dropped to 5.5% in February by adding 295,000 jobs. Furthermore in the last two months alone we have added 550,000 jobs since January.

click below to read about it in greater detail.

http://www.nytimes.com/2015/03/07/business/economy/jobs-report-unemployment-february.html

Or click below if you just want to listen to the story.

http://money.cnn.com/2015/03/06/news/economy/february-jobs-295000-us-economy/index.html

So wage growth is slowed across the board, then? Interesting.

Are these decent jobs or part time min wage jobs?

click the new york times link for greater detail.

SHUT UP! Obama is saving America from the GOWP!

Yeah, things always sound great if you listen only to Squealer's statistics.

That 5.5% number doesn't count the people who have grown so despondent that they've just given up looking for jobs.

For the real number, refer to Paul Craig Roberts (Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan and former associate editor of the Wall Street Journal) ...

Real US unemployment: 23%

Link

seriously.. i know some people like that.

now all they do all day is enjoy their retirement. it's terrible

@TheWalkingGhost: When I hear Obamas' name I think of a line from Julius Cesar " The evil that men do live after them".

What unemployment figure is that? I would like to see how it's calculated. Based on that calculation, what would economists consider full employment? I want to see how close we are to it.

If the economy is bad they blame obama, and when it's good, they still find a way to dig at obama.

some people are just never happy.

I remember a time when unemployment was 10%

The vast majority of the new jobs where in the service sector IE burger flippers.

Also main reason unemployment rate has been dropping is the labour participation rate has been dropping real fast for example another 354k working age people dropped out of the work force last month taking the total to 92.9m Americans not working, it's the worst % since the late 1970's

This is from the first article I posted

Job growth last month was heavily concentrated in the service sector, with leisure and hospitality adding 66,000 jobs, as well as an expansion of 54,000 jobs in education and health. Construction added 29,000 jobs in February, while manufacturing increased by a modest 8,000. Gains were also made in professional services and the trade and transport sectors.

Why yes playmynutz it was October 2009

Good news, and I just went back to work too. been off since the last 4 months... but there are still not many jobs out there, that still hasn't changed.

I feel like I see so many now hiring signs nowadays granted not the greatest jobs, but a lot of them never the less.

This is false.

The BLS most broadest unemployment i.e. total unemployment is 11.2% (Link).

BLS rates unemployment from U1 to U6 with the U3 figures being the monthly reported headline (5.5%). As people drop out of the workforce, they're reshuffled from U3 to U6. I have no idea where he pulled that 23% number (probably out of his ass) but proclaiming to use Canada's system of tallying is not applicable to the U.S. Especially since it counts 15 year olds still in school....

BLS measure of Unemployment has been the same since 1994, But because the sitting President is a democrat, all of a sudden U3 statistics is foul play.

It varies by area, but yeah, there's a definite uptick.

A lot of rightwingers don't actually want to hear good news about the economy. It's pretty sad.

Wtf? The unemployment rate is 8.4% actually. Wtf are you on about?

What figure are you referring to?

The real problem I notice with crying about how we should only go by the U6 numbers is that the drop in unemployment is actually quite a bit higher than the U3 numbers.

Oh sure the U6 suggests a worse situation at about 11 percent, but those numbers suggest a 6.4% drop in unemployment where as the official U3 numbers suggest unemployment has only dropped by 4.5%.

http://www.macrotrends.net/1377/u6-unemployment-rate

The people saying that the government is lying by not using the U6 numbers don't care about actual analysis. They just want to say that the real unemployment rate is 11% while implying that it was 5%ish in the prior administration.

If Obama passed the pipeline, the vast majority of jobs would be temporary. They would be gone after a few months. Once they go away, Republicans would blame Obama for the lost jobs that were never permanent to begin with. It has pretty much zip to do with the economy.

http://www.ekonomifakta.se/sv/Fakta/Arbetsmarknad/Arbetsloshet/Arbetsloshet/

err is that even regarding the US?

Why would it?

And the trucking industry is still desperate for quality drivers... and are going to be in crisis mode in 10-15 years when the vast majority of the workforce retires.

Funny how the most essential part of the North American economy is the one most desperate for workers.

They need to start providing training to new hires. Trucking is a profession with one of the highest turnover rates in the country for a reason.

There are tons of training schools. Driver retention is achieved by providing a safe, lucrative working environment where the driver is treated like a person, rather than a number. The CSA score system should reward the good companies and drivers and push the bad companies and drivers completely out of the industry. Making everything safer for everyone.

That, and there is 50% of the population that is almost completely untapped (female drivers account for 2-3% of total drivers) mostly due to the leftover sexism and misogyny with the aging driver population, and the inability for truck manufacturers to provide smaller drivers with truck spec'ing options that make them comfortable to drive.

Change is coming, but it's not coming fast enough. And anyone complaining about not being able to find work should shut their goddamn mouth and get a CDL. It's not that hard for someone who is marginally intelligent, has some common sense and the ability to drive safely.

Ah, I thought you might have been referring to another nation (or specific US locality) since it didn't match up with any of the UX numbers.

what i find utterly fucking pathetic is the people out there hoping for worse unemployment as a means simply to take a swipe at the nation's leadership

hoping more americans are out of work to serve their petty political desires.

classy.

I think it's still 23% here in Spain... ouch

Quick question for you: Do you work and own a home?

Yea, it's pretty bad over there. We American's think we have it bad. I've seen footage of entire cities and airports in Spain that are basically empty because no one there could find work.