Unemployment rate goes to 9.0%, only 36K jobs added; Update: 504K disappears from labor force

posted at 8:40 am on February 4, 2011 by Ed Morrissey

The jobless rate fell by four-tenths of a point in January to 9.0%, the best downward revision in the post-recession environment, but it didn’t actually mean that the economy added more jobs.  The number of jobs added overall was only 36,000, which indicates that people are still fleeing the job market:

The unemployment rate fell by 0.4 percentage point to 9.0 percent in January, while nonfarm payroll employment changed little (+36,000), the U.S. Bureau of Labor Statistics reported today. Employment rose in manufacturing and in retail trade but was down in construction and in transportation and warehousing. Employment in most other major industries changed little over the month.

The unemployment rate (9.0 percent) declined by 0.4 percentage point for the second month in a row. (See table A-1.) The number of unemployed persons decreased by about 600,000 in January to 13.9 million, while the labor force was unchanged. (Based on data adjusted for updated population controls. See table C.)

Frankly, this doesn’t make a lot of sense. If only 36,000 jobs were added and 600,000 people stopped being unemployed, then the labor force should show a significant contraction. The lower overall rate makes sense if 600,000 people left the workforce, but not if the workforce remained the same. Otherwise, we’d have to conclude that 36,000 jobs represents 0.4% of all employment in the US.

Looking at the A-6 table, which compares numbers January 2010 to January 2011 (not seasonally adjusted), we can see that the unemployment rate for those without disabilities has dropped from 10.4% to 9.7%.  The number of non-disabled adults outside the work force has grown substantially in that period, from 62.8 million to 64.7 million.  That far outstrips population growth and indicates that people are still leaving the work force in large numbers.  In the A-16 table for the same period (not seasonally adjusted), the number of people outside the workforce has grown from 83.9 million to 86.2 million, again showing a large increase.

The topline rate number looks better, but it also looks increasingly irrelevant.  The Department of Labor shows that the average monthly growth of jobs over the last 12 months has been 97,000, not enough to keep up with population growth.  That’s the key measure, and it’s simply not getting any better, nor any more consistent.

Update: Reuters is disappointed … again:

Employment rose far less than expected in January, partly the result of severe snow storms that slammed large parts of the nation, but the unemployment rate fell to its lowest level since April 2009.

Nonfarm payrolls grew just 36,000, the Labor Department said on Friday, far less than the 145,000 increase that economists had expected.

Guess what the Obama administration blames?

The government noted that severe weather could have affected construction payrolls, which dropped 32,000 last month. There were also large declines in the employment of couriers and messengers.

Maybe we need some global warming, eh?

Update II: Zero Hedge notes that the U-6 number went from 16.6% to 17.3%.  He also catches something I missed — the civilian labor force dropped from 153,690,000 in December to 153,186,000 in January after a recent November peak of 153,950,000.  That was a drop of 504,000 in January from December, and 764,000 in two months.  The participation rate dropped from 64.5% in November to 64.3% in December and 64.2% in January.

Update III: Suitably Flip e-mails:

1)  On the 504,000 decline – as you may have seen, that’s due to a Census adjustment:

“The adjustment decreased the estimated size of the civilian noninstitutional population in December by 347,000, the civilian labor force by 504,000, and employment by 472,000; the new population estimates had a negligible impact on unemployment rates and most other percentage estimates.”

The same adjustment decreased payrolls by 472,000 (i.e. the “disappeared” people had an unemployment rate of just 6.3%, so the remaining population should’ve ticked up).  Excluding the Census data, the labor force was unchanged, so I’m still trying to crunch these numbers and get them to agree with the decline in the headline unemployment rate.

The only thing that seems to reconcile the numbers is to (improperly) fail to back out the 472,000, which doesn’t have a “neligible” impact.  It lowers the rate from 9.3% to 9.0%.  With the seasonal and population adjustments, I’m having a hard time making complete sense of it.  If that’s what they did, it was a huge mistake.  Seems quite unlikely, but I don’t see how they get 9.0% otherwise.

And notably, the same estimates that were looking for 148,000 new jobs also expected an increase in the unemployment rate to 9.5%.  That wild disparity (huge underperformance with a significant improvement in the rate) doesn’t make sense, absent a methodology adjustment that’s not accounted for by the Census tweak.

The “adjustment” excuse doesn’t make a lot of sense, either, except that the BLS “adjusted” nearly a half-million people out of the civilian workforce.  Did the US suffer a population decline in 2010?  Flip also decimates the “weather” excuse in this post.


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Scamicious. Massage the numbers to boost Pampers polls.

andy85719 on February 4, 2011 at 8:48 AM

Obama math! It’s all smoke and mirrors.

BetseyRoss on February 4, 2011 at 8:48 AM

This is a disgrace.

ParisParamus on February 4, 2011 at 8:50 AM

Kids always blame someone else…

right2bright on February 4, 2011 at 8:51 AM

Odd indeed

Dear leader to spin away

cmsinaz on February 4, 2011 at 8:52 AM

Campaign season has begun. They’re going to fudge the numbers for the next two years in an attempt to convince the public that things are getting better. By the time we get to fall of 2012, I fully expect the number to be in the 7s somewhere. Sad thing is, a lot of sheep will fall for it and vote for Obumbles again.

jonrademacher on February 4, 2011 at 8:52 AM

AP, true to form, blames the snow.

andy85719 on February 4, 2011 at 8:53 AM

Start launching dogs into Earth orbit, the jobs will come flooding back.

Bishop on February 4, 2011 at 8:53 AM

Obamacare starts taking effect.

People stop looking for jobs.

Coincidence?

cntrlfrk on February 4, 2011 at 8:53 AM

HORSE HOCKEY! The ODumbAss administration can’t put people back to work so they just keep faking the numbers.

In this case they’re hiding the increase. Look at shadowstats.com for more accurate info.

dogsoldier on February 4, 2011 at 8:56 AM

Can we report this to fishy.gov?

cmsinaz on February 4, 2011 at 8:57 AM

Why did they stop at 9.0? They could of just as easily said the unemployment rate was 8.0 or even 4.6% Either would be just as believable at this point.

Tuari on February 4, 2011 at 8:58 AM

Maybe we need some global warming, eh?

Heh Ed, we even have some of that ‘global warming’ falling way down here in New Orleans! Few flakes here and there, but it is a start :)

lukespapa on February 4, 2011 at 8:58 AM

Mommy, how can I make 2 + 5 equal 10?

You can’t, dear. You’re not Odamna!

Crusader Rabbit on February 4, 2011 at 8:58 AM

This is but the first in a series of resounding successes by the Republican House majority. No sooner had the job-killing obamacare law been repealed in the House than the unemployment rate started falling.

factoid on February 4, 2011 at 8:58 AM

WTF?

Oldnuke on February 4, 2011 at 9:00 AM

Honestly Ed, people here in my area are out of money. Unemployment is only a portion of regular pay for these people. They have been dipping into savings to survive, and now the savings account are running on empty. The price of gasoline here is now well above 3 dollars a gallon, and no businesses are hiring… Food prices are rising.

Desperation is setting in and our politicians are turning a blind eye. Desperation leads people down a narrow pathway.

Keemo on February 4, 2011 at 9:00 AM

Fantasy-land figures.

OmahaConservative on February 4, 2011 at 9:01 AM

How many fingers am I holding up Winston?

Oldnuke on February 4, 2011 at 9:01 AM

All it means is there are more discouraged workers – people not even looking for work any more. Damn, this guy is doing real well at making me pine for the Jimmy Carter years.

rbj on February 4, 2011 at 9:03 AM

The Obama Administration is a ‘death panel’ for the American Energy Industry.

Has anyone seen the rolling blackouts and problems listed over at Drudge.

Change is coming…………..can you feel it?

PappyD61 on February 4, 2011 at 9:03 AM

Maybe they’re counting those that get an unemployment “paycheck” from the govt. as employed now?

Tuari on February 4, 2011 at 9:03 AM

From Karl Denninger:

On a month-by-month basis the number of actual employed people dropped by more than 1.5 million! That’s a huge decrease and what’s worse, the trend is awful, being unbroken now since the first of last year.

Employment Report: IT SUCKS

flyfisher on February 4, 2011 at 9:03 AM

Wow, those Republicans work fast!

ctmom on February 4, 2011 at 9:04 AM

I missed — the civilian labor force dropped from 153,690,000 in December to 153,186,000 in January after a recent November peak of 153,950,000. That was a drop of 504,000 in January from December, and 764,000 in two months.

Perfect take 800,000 jobs off the total.

PappyD61 on February 4, 2011 at 9:05 AM

Heating bills / electrical bills are very high right now throughout most of the country; it was -22 degrees here a few days ago. We have donations being made to elderly folks here that can’t pay for their heating. Now the donations have dwindled down to nothing because those donating have run out of money. Our country and our people are much worse off than is being reported.

Keemo on February 4, 2011 at 9:05 AM

the market likes it.

sesquipedalian on February 4, 2011 at 9:06 AM

I can understand that business would be wary of hiring at the moment, with Obamacare in some doubt. Who can project future profits with this hanging over their heads?

OldEnglish on February 4, 2011 at 9:06 AM

One of the headlines on drudge: GOOGLE Gets Record 75,000 Job Applications in One Week…

Maybe they’re counting those that just apply for a job as employed?

Tuari on February 4, 2011 at 9:07 AM

A real world example illustrates this: An engineering firm employing about 30 people does not lay off or fire any employees. Instead everyone’s hours are reduced and salary is cut by a third. The only one’s who can leave are those who are able to get better jobs. All the remaining employees are looking for new jobs but can’t leave with out one as they will be unable to collect unemployment benefits if they leave “voluntarily”. Statisically they are not jobless.

Ann on February 4, 2011 at 9:07 AM

Update: 504K disappears from labor force

At this point, I’m confused.

madmonkphotog on February 4, 2011 at 9:07 AM

800K jobs disappeared and it’s good news or something. Obviously Obama’s shrewd economic policies are paying off.

JammieWearingFool on February 4, 2011 at 9:10 AM

Does the unemployment rate mean anything anymore?

PackerBronco on February 4, 2011 at 9:13 AM

If you honestly graphed the figures, you would see that unemployment has dropped…
You would also see that the administration lies have increase exponentially.

right2bright on February 4, 2011 at 9:14 AM

153,690,000 in December to 153,186,000 in January after a recent November peak of 153,950,000. That was a drop of 504,000 in January from December, and 764,000 in two months. The participation rate dropped from 64.5% in November to 64.3% in December and 64.2% in January.

Um, no, I’m pretty sure they’re still out here, but they embarrass ODumbAss. Now he can put on his Chavez face, go out and tell everyone the economy is booming.

He will tell the MSM and MSNBC that he saved the economy with his brilliant legislation!

Good grief is anyone ever going to call these jackasses on their lies?

WHEN?

I sent in the latest BLS info yesterday. Guess what? Another 400k plus hit the bricks last week and Gallup seems to think the unemployment rate is 10%. >> Gallup <<

CALL THEM ON THE LIE.

dogsoldier on February 4, 2011 at 9:14 AM

Unemployment getting better is about as accurate as global warming…and using the same scientific techniques.
By the time the figures are shown to be false (assuming anyone cares about math), they will have new figures.

right2bright on February 4, 2011 at 9:16 AM

I would have gone out and gotten a job. But it was snowing.

Nethicus on February 4, 2011 at 9:16 AM

Lies. All lies. I don’t believe a thing that is reported by the lamestream press anymore. Their cheerleading for this administration is traitorous. Unbelievable.

Pelosi delende est on February 4, 2011 at 9:16 AM

Reinvigoration Winter.

And when the Suez Canal comes under the control of the Muslim Brotherhood, things will get even better.

Bishop on February 4, 2011 at 9:17 AM

Zero Hedge notes that the U-6 number went from 16.6% to 17.3%.

HUH? it dropped to 16.1%, actually.

sesquipedalian on February 4, 2011 at 9:17 AM

The government noted that severe weather could have affected construction payrolls, which dropped 32,000 last month. There were also large declines in the employment of couriers and messengers.

Why is it that severe weather, intermittent at worst, can cause people to lose their jobs, but not prevent them from filing unemployment applications, and how is it this same intermittent severe weather doesn’t prevent anyone from dutifully submitting data for the government to assess employment to the degree that the proximate cause of the bad numbers can be determined to be due to that severe weather.

It’s as though the BLS has adopted climate science methods.

Dusty on February 4, 2011 at 9:18 AM

right2bright on February 4, 2011 at 9:14 AM

You are joking, right? Unemployment dropped? No the propaganda value reported by a corrupt regime was reduced and reported by state run media.

That is what happened. In reality a lot more people are out of work.

If 400k a week apply for unemployment and the nation only adds 36k jobs and that happens for two years, how many people are actually still working?

Tricky math question that. This is an epic disaster.

It’s Great Depression 2.0

dogsoldier on February 4, 2011 at 9:19 AM

Dogsoldier, the blm will be propping up dear leader..they are not going to call him out on this fuzzy math

cmsinaz on February 4, 2011 at 9:20 AM

Look! Thugs in the streets of Egypt!!!

SouthernGent on February 4, 2011 at 9:20 AM

The only time there was obvious improvement in employment was when Obie hired census workers.

Most other months of “improvement” have been adjusted quietly downward 2-3 moths after reported.

seven on February 4, 2011 at 9:21 AM

The problem here is that the “topline” numbers are what equal headlines, and it is headlines that move perception.

I was just on CNBC.com and there was a treasure trove of individuals who were very pleased with unemployment going down to 9%, but who had little to no clue what the importance was of having only 36,000 net jobs being created in January. And when it came to the non seasonally adjusted U-6 rate, they had no idea as to the severity involved of seeing that number increase 7 tenths of a point.

Some people are just in la la land, and that bodes very well for “The One.”

Also, as a side note, can Wall Street FINALLY stop paying attention to whatever garbage comes from the ADP who said private job growth was just under 200,000 this month. Please… ADP… cease and desist from your info releases!

Indy82 on February 4, 2011 at 9:21 AM

Dusty on February 4, 2011 at 9:18 AM

Actually the BLS uses the CRU method of reporting data the way they would like it to be, not what it actually is.

You see there are a lot of folks that are not “unemployed” unemployed.

dogsoldier on February 4, 2011 at 9:21 AM

how “innovative”…

mjbrooks3 on February 4, 2011 at 9:23 AM

Well come Nov 2012 we’ll see which is longer. Lines at the polling place or the unemployment office.

Just A Grunt on February 4, 2011 at 9:23 AM

Lying liars and the lies they lie about.

pugwriter on February 4, 2011 at 9:23 AM

Zero Hedge notes that the U-6 number went from 16.6% to 17.3%.
HUH? it dropped to 16.1%, actually.

sesquipedalian on February 4, 2011 at 9:17 AM

He’s talking about the unadjusted raw number. The unadjusted U-6 number shows an increase, and not a decrease.

Unadjusted numbers, for better or worst (depending on their result) are the purest way to see whats going on without any government numeric intervention.

Indy82 on February 4, 2011 at 9:23 AM

Torture numbers long enough and they’ll confess to anything.

Patrick S on February 4, 2011 at 9:25 AM

While you can expect a slight drop in the labor force after the Christmas holiday shopping season, to have over six-tenths of a percent of the nation’s entire workforce vanish off the rolls in a two-month period is … unusual, to say the least, and certainly disturbing, since a trend like that extended out into 2011 means either millions of people who’ve just given up looking for work, or millions of people who just have been eliminated from the Labor Department’s count, simply to make the overall numbers less damning.

jon1979 on February 4, 2011 at 9:26 AM

Construction jobs are at the lowest I’ve ever seen them since the ’80s, at least around here. It’s bad. A lot of small contractore have gone out of business and few of the big ones too. Store fronts go empty every day. They are partially right about the winter as it is usually a factor in construction jobs in colder climates, people and businesses jost dont seem to start these in the winter for some reason…but I don’t recall it this bad in about 25 or more years. All in all, thngs are a mess and I don’t know what will turn them around. I bet though, that it won’t be Obama’s policies, he seems not to understand much in these areas.

jeanie on February 4, 2011 at 9:26 AM

So this whole thing is another WTF?

tarpon on February 4, 2011 at 9:27 AM

On FBN Steve Forbes just said that Canada added 69k jobs. Proportionally, that’s the equivalent of 600k in the US!

And, BTW, it snowed in Canada too.

MJBrutus on February 4, 2011 at 9:28 AM

millions of people who just have been eliminated from the Labor Department’s count, simply to make the overall numbers less damning.

jon1979 on February 4, 2011 at 9:26 AM

They have been doing that since Nov 2009 when they changed the algorithms for computing the numbers and their method of reporting them for the third or fourth time.

dogsoldier on February 4, 2011 at 9:28 AM

On FBN Steve Forbes just said that Canada added 69k jobs. Proportionally, that’s the equivalent of 600k in the US!

And, BTW, it snowed in Canada too.

MJBrutus on February 4, 2011 at 9:28 AM

Hmmm

artist on February 4, 2011 at 9:30 AM

Indy82 on February 4, 2011 at 9:21 AM

Clueless? Not at all. They were certainly aware of the workforce participation rate in 2003.

MJBrutus on February 4, 2011 at 9:31 AM

Unemployment rate goes to 9.0%, only 36K jobs added; Update: 504K disappears from labor force

**poof**

As if they never existed….

rukiddingme on February 4, 2011 at 9:31 AM

This claim that people have “stopped looking for jobs” is, at best, a myth. I should know, I’m one of them. It just means that we’re no longer eligible for Unemployment Compensation.

rmel80 on February 4, 2011 at 9:32 AM

Just think. If we can convince another 6,000,000 people to give up looking for a job, we can reduce the unemployment rate to 5%. /

NoNails on February 4, 2011 at 9:32 AM

So let me get this straight.

The administration is under fire for the dismal employment situation.

Officials of the administration are responsible for reporting the unemployment rate.

I see no conflict of interest here.

However, I guess we should be thankful they didn’t find some “other” way of reducing the workforce.

John Deaux on February 4, 2011 at 9:33 AM

Ed,

Boomers are retiring, not being replaced. I’m surprised you’re missing this.

booter on February 4, 2011 at 9:33 AM

BTW Do you all know how many H1-B guest worker visas are issued by the government every year and how long they are good for?

Does anyone know why we haven’t canceled them?

(A: 65,000 per year, 5 years) High tech companies are still claiming they can’t find enough qualified help and no one calls them on that lie either.

The entire H1-B situation is a gigantic scam that no one wants to talk about.

dogsoldier on February 4, 2011 at 9:34 AM

[MJBrutus on February 4, 2011 at 9:28 AM]

Drudge has the Canada comparison in his top headline:

9.0% +36,000 JOBS
[CANADA +69,200]

Dusty on February 4, 2011 at 9:35 AM

But I thought unemployment was good because unemployment checks boost the economy.

Wouldn’t it be better to report higher unemployment as an overall improvement?

Fudge, anyone?

VibrioCocci on February 4, 2011 at 9:35 AM

Unadjusted numbers, for better or worst (depending on their result) are the purest way to see whats going on without any government numeric intervention.

Indy82 on February 4, 2011 at 9:23 AM

not really. the seasonally adjusted number is a better indicator, the non-seasonally adjusted is very volatile.

sesquipedalian on February 4, 2011 at 9:35 AM

booter on February 4, 2011 at 9:33 AM

I’m taking a stab at early retirement. I could get a job as a SW engineer, but I would rather try to just get by with what I have. In short, I’m tired of paying high taxes, FICA and the rest and am going Galt.

MJBrutus on February 4, 2011 at 9:35 AM

I credit the drop in unemployment to the new EPA rules that just went into effect. Green Jobs!!

iurockhead on February 4, 2011 at 9:39 AM

dogsoldier on February 4, 2011 at 9:34 AM

Not true at all! We need to welcome and make it much easier for talented engineers to live and stay here. Most places where I contracted in recent years have been dominated by large numbers of Indians. They’re smart and there are indeed not enough qualified engineers without them. What we need to avoid is allowing them here to get a college degree and then sending them away!

MJBrutus on February 4, 2011 at 9:39 AM

Doing maths is hard.

BobMbx on February 4, 2011 at 9:41 AM

The Porkulus worked!

Wait..hold up…you mean there’s no such thing as “shovel ready” jobs?

Well, at least our President is learning on the job*!

*at the great, great expense of future generations

visions on February 4, 2011 at 9:41 AM

Some of the small contractors have managed to stave off bankruptcy(butnot lay offs)with plowing and sanding contracts which have kept them holding on by their fingernails(thank heavens for the last two big snow storms), but if things don’t pick up they’ll be history too by the end of the summer. And yet, the market screams along!! I suppose because it’s world wide. Prices don’t drop except in housing, in fact they are going up. All this manipulation has skewed everything so badly that nobody, nowhere, nohow knows what to do about it anymore. They can talk a good game in DC but they haven’t a clue.

jeanie on February 4, 2011 at 9:43 AM

What scares me is that the stupid Porkulus funding to the states is going to run out this summer. Those “saved jobs” were simply pumping Fed tax dollars to the states to paper over their profligacy. They just kicked the can down the road. Down the road in the case means June!

MJBrutus on February 4, 2011 at 9:46 AM

Why was Gallup reporting just yesterday that unemployment went to 9.8% in January? Are they coming up with phantom #’s now via polling?

shanimal on February 4, 2011 at 9:46 AM

How long before the average American understands that any information about any topic coming from this government should be viewed with the same level of skepticism we used to have about official claims made by the USSR?

flyfisher on February 4, 2011 at 9:48 AM

Gallup predicted a rise.

So I can’t quite get it. It’s still early here in the West.

Is the government faking the numbers?

That is what it looks like.

Calling Mr. Issa. Oh, never mind, you’ve got your hands more than full.

A good use for tax dollars would be to get Mr. Issa more staff.

petunia on February 4, 2011 at 9:48 AM

They just kicked the can down the road. Down the road in the case means June!

MJBrutus on February 4, 2011 at 9:46 AM

Now the can is too big to kick down the road.

VibrioCocci on February 4, 2011 at 9:51 AM

Time for a golf vacation!!

PatriotRider on February 4, 2011 at 9:53 AM

Unadjusted numbers, for better or worst (depending on their result) are the purest way to see whats going on without any government numeric intervention.
Indy82 on February 4, 2011 at 9:23 AM
not really. the seasonally adjusted number is a better indicator, the non-seasonally adjusted is very volatile.
sesquipedalian on February 4, 2011 at 9:35 AM

The BLS still has 500k dropping out of the labor force, which explains why the household rate went down sharply despite payrolls adding so few jobs.

And the Dow, Nasdaq & S&P are all down slightly, so I’m not sure why you’re saying “the market liked it”.

Chuck Schick on February 4, 2011 at 9:54 AM

Presstitute Propaganda!

In better times the Presstitutes would swing from the street lamps next to the corruptocrats they protect and enable!

dhunter on February 4, 2011 at 9:56 AM

If you measure the change from November 2010, it’s actually 1.2 million Americans who have left the U.S. work force, as the unemployment rate has fallen from 9.8% then to 9.0% in January 2011.

ironman on February 4, 2011 at 9:59 AM

Chuck Schick on February 4, 2011 at 9:54 AM

That dude loves to see people suffer… Not saying that just to be an a-hole… Been reading that dudes posts for quite some time now, and it is what it is… sicko

Keemo on February 4, 2011 at 10:00 AM

Anybody that believes this mathematical garbage please see me . . . I have several large bridges to sell. Obviously, this administration believes this is a nation of mindless trolls.

rplat on February 4, 2011 at 10:04 AM

That dude loves to see people suffer… Not saying that just to be an a-hole… Been reading that dudes posts for quite some time now, and it is what it is… sicko

Keemo on February 4, 2011 at 10:00 AM

Are you referring to me or “sesquip?”

Indy82 on February 4, 2011 at 10:07 AM

Soviet style accounting … full employment standing in bread lines.

tarpon on February 4, 2011 at 10:07 AM

Do reporters ever ask about this creative math? Obviously a rhetorical question.

Cindy Munford on February 4, 2011 at 10:10 AM

And the Dow, Nasdaq & S&P are all down slightly, so I’m not sure why you’re saying “the market liked it”.

Chuck Schick on February 4, 2011 at 9:54 AM

nasdaq and dow are up, s&p stable. dollar is way up.

sesquipedalian on February 4, 2011 at 10:10 AM

Less, IS More.

juanito on February 4, 2011 at 10:10 AM

Dusty on February 4, 2011 at 9:18 AM

Exactly… since most (if not all) States allow you to file on-line. It’s not like you have to drive to the post office – you can sit on your couch and file.

crazy_legs on February 4, 2011 at 10:11 AM

OT:

Obama concludes diplomatic discussions with Muslim Brotherhood on the 7th fairway at the Congressional Golf Club.

The agreement is known as “Fairway 7″.

BobMbx on February 4, 2011 at 10:11 AM

People leaving the workforce in these numbers is an absolute disaster. We’re getting the “fundamental change” Obama promised.

forest on February 4, 2011 at 10:18 AM

Oh come now; this is bollocks.

Midas on February 4, 2011 at 10:20 AM

There were also large declines in the employment of couriers and messengers.

REALLY? In January there is less of a need for messengers and couriers than in December? You mean millions of pieces of mail delivered around 12/25 aren’t also delivered around 1/25?

angryed on February 4, 2011 at 10:21 AM

The relevance of the numbers reported by the U.S. Bureau of Labor Statistics is, sadly, less than expected.

percysunshine on February 4, 2011 at 10:21 AM

“Unemployment fell to 2.3%. In other news, more and more people are found living in cardboard boxes in parks and under bridges.”

Electrongod on February 4, 2011 at 10:22 AM

Today after adding all the numbers together I came up with the figure of 29.125667% unemployment.Also using the same math style, BO’s approval is -67%. Also Herry Reids IQ is lower than a rock.

BruceB on February 4, 2011 at 10:22 AM

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