US unemployment rate falls to new two-year low of 8.8%

Gerald · 04-01-11, 01:10 PM

The US unemployment rate fell to a new two-year low in March of 8.8%, from 8.9% in February.

It was the fourth monthly fall in a row. The unemployment rate has fallen by a percentage point during the last four months.

Employers created 216,000 jobs in March, the US Department of Labor said, higher than market expectations.

Other economic data showed a slight dip in manufacturing in March, although the report was seen as broadly positive.

The Institute for Supply Management's (ISM) index of national factory activity dipped to 61.2 last month from 61.4 in February.

http://www.bbc.co.uk/news/business-12935003

Note: 1 April 2011 Last updated at 15:49 GMT

Ducimus · 04-01-11, 01:12 PM

Could have fooled me. My employer laid off more people the other day.

04-01-11, 01:13 PM

Isn't this the measure of new unemployment claims? It doesn't show hiring....it shows unemployment claims, not those who's claims have expired or those who have given up looking for work.

mookiemookie · 04-01-11, 01:21 PM

Quote:

Originally Posted by The Third Man

Isn't this the measure of new unemployment claims?

No. The non-farm payrolls report is just that - payrolls.

04-01-11, 01:24 PM

Quote:

Originally Posted by mookiemookie

No. The non-farm payrolls report is just that - payrolls.

But this isn't the 'non-farm payrolls report ', its the un-employment 'claims' report.

AVGWarhawk · 04-01-11, 01:26 PM

Quote:

although the report was seen as broadly positive.

By whom?

mookiemookie · 04-01-11, 01:36 PM

Quote:

Originally Posted by The Third Man

But this isn't the 'non-farm payrolls report ', its the un-employment 'claims' report.

No, it isn't. This is the non-farms payroll report. If you would have looked at the link I provided, you would see that.

Gerald · 04-01-11, 01:38 PM

Quote:

Originally Posted by AVGWarhawk

By whom?

Economic analysts, Perhaps

04-01-11, 01:40 PM

Quote:

Originally Posted by mookiemookie

No, it isn't. This is the non-farms payroll report. If you would have looked at the link I provided, you would see that.

I didn't see it because the OP stated it as un-employment report. I think if you want to look toward the 'non-farm payrolls report' you could post it as a new topic. I'll watch it then.

Stop Trolling Me!

vienna · 04-01-11, 01:43 PM

Must be the result of all those "job-killing" policies of the Obama administration...

AVGWarhawk · 04-01-11, 01:54 PM

Quote:

Originally Posted by vienna

Must be the result of all those "job-killing" policies of the Obama administration...

These are probably government jobs! After all manufacturing was down. Who needs new employees when business is down?

mookiemookie · 04-01-11, 02:10 PM

Quote:

Originally Posted by AVGWarhawk

These are probably government jobs! After all manufacturing was down. Who needs new employees when business is down?

Quote:

Job gains occurred in professional and business services, health care, leisure and hospitality, and mining. Employment in manufacturing continued to trend up.

Source.

04-01-11, 02:16 PM

The number of job losers and persons who completed temporary jobs, at 8.2 million, was little changed in March.

Thank you for providing a link to a government site.

Platapus · 04-01-11, 02:22 PM

It is a move in the right direction.

Platapus · 04-01-11, 02:23 PM

Quote:

Originally Posted by Ducimus

Could have fooled me. My employer laid off more people the other day.

Perhaps there is more to the economy of the entire country than the company you work for?

04-01-11, 01:10 PM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	US unemployment rate falls to new two-year low of 8.8% The US unemployment rate fell to a new two-year low in March of 8.8%, from 8.9% in February. It was the fourth monthly fall in a row. The unemployment rate has fallen by a percentage point during the last four months. Employers created 216,000 jobs in March, the US Department of Labor said, higher than market expectations. Other economic data showed a slight dip in manufacturing in March, although the report was seen as broadly positive. The Institute for Supply Management's (ISM) index of national factory activity dipped to 61.2 last month from 61.4 in February. http://www.bbc.co.uk/news/business-12935003 Note: 1 April 2011 Last updated at 15:49 GMT __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

04-01-11, 02:22 PM	#14
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,360 Downloads: 63 Uploads: 0	It is a move in the right direction. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

04-01-11, 01:12 PM	#2
Ducimus Rear Admiral Join Date: May 2005 Posts: 12,987 Downloads: 67 Uploads: 2	Could have fooled me. My employer laid off more people the other day.

04-01-11, 01:13 PM	#3
The Third Man Stowaway Posts: n/a Downloads: Uploads:	Isn't this the measure of new unemployment claims? It doesn't show hiring....it shows unemployment claims, not those who's claims have expired or those who have given up looking for work.

04-01-11, 01:43 PM	#10
vienna Navy Seal Join Date: Jun 2005 Location: Anywhere but the here & now... Posts: 7,711 Downloads: 85 Uploads: 0	Must be the result of all those "job-killing" policies of the Obama administration...

04-01-11, 02:16 PM	#13
The Third Man Stowaway Posts: n/a Downloads: Uploads:	The number of job losers and persons who completed temporary jobs, at 8.2 million, was little changed in March. Thank you for providing a link to a government site.