Why Is 9.0 Unemployment,
Not Good
Watching CNBC and yje kool aid drinkers are blaming weather. How can unemployment drop to 9.0 % and only create 35,000 jobs?
Here from Yahoo Finance
On Friday February 4, 2011, 8:31 am
WASHINGTON (AP) -- The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months.
The January report illustrates how job growth remains the economy's weakest spot, even as other economic indicators point to a recovery that is strengthening..
Friday's report offered a conflicting picture on hiring. Unemployment fell because the Labor Department's household survey determined that more than a half-million people without jobs found work. The department conducts a separate survey of businesses, which showed tepid job creation. The two surveys sometimes diverge.
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