February Jobless Rate Is Still High as Hell!
Matt | On 05, Mar 2010
The national unemployment rate remained steady at 9.7 percent for the month of February. Employers shed 36,000 non-farm jobs during the month.
In this economy, that can be a good or bad thing. It’s a positive because it didn’t go any higher with all of the economic uncertainty still out here. It also can be bad because it’s still almost 10 percent of people not working. And you know the unemployment numbers are never totally accurate. They only count people that are LOOKING for work, not those that have given up and gone to live with Mama.
President Obama is showcasing the job numbers while noting the terrible snowstorms in February that may have kept the percentage artificially high. There was a whole week were construction and other industries couldn’t work outdoors or even get to work (i.e., retail), so we have to take that into account.
Obama is hopeful about numbers and that they may be showing the end of the recession is near. I will believe that when I see more of my friends getting LESS rejection letters from companies who don’t know real talent!