Posts Tagged ‘U.S. unemployment numbers’

Notes From Underground: The Unemployme​nt Data (A Tale of Two Numbers)

February 6, 2011

As all the media reported, the U.S. unemployment numbers clouded and befuddled the markets as the non-farm payroll (NFP) was much lower than expected, yet the unemployment rate dropped to 9.o percent to 9.4 percent. This is the second consecutive month that the headline unemployment rate dropped 0.4 percent. However, both reporting periods showed very anemic JOBS GROWTH. Ben Bernanke and other FED officials have said it would take jobs growth of more than 200,000 a month to begin to bring the rate down. Even though the rate dropped 0.4 percent on a NFP number of 36,000-plus, it raises more questions than answers. (more…)