May Unemployment Numbers Beat Expectations - Unemployment at 9.4%

[TheRealMafoo]

akuma587 said:

TheRealMafoo said:
Yea, only 345,000 more people not working this month then last month. Great.

And how does 9.4% actual, when Economists predicated 9.2% "Beat Expectations"?

When the unemployment number gets smaller, or stays the same, then we can talk. Until then. Things are still getting worse. Spin it however you like, but the economy is worse this month then it was last month. Period.

Absolutely nothing to celebrate yet.

You are right, it should say job loss numbers beat expectations.  I can't edit the title.  The workforce grew substantially apparently.

However, the markets are happy about the news.  Up 60 points for the day so far at 8810.  Odds are decent we will hit 9000 by the end of next week.

It's great that people are finding jobs. We just need to get that number higher then those loosing them.

The less spin way to show job numbers would be:

The additional number of people in 2009 looking for jobs in addition to 2008:

Jan: 740K
Feb: 1,390K
March: 2,040K
April: 2,560K
May: 2,905K 

When the next number is smaller then the last, we are improving. Until then, things are getting worse.

 

Oh, and here is a chart of unemployment. Paints a different picture then NPR seems to.