The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Friday, March 7, 2014

February Job Numbers And Unemployment Rate

The February Unemployment report has been released. Unemployment ticked up by .1 percent from 6.6 to 6.7 percent. The Department of Labor (DOL) reported job creation hit 175,000; beyond expectation. The DOL also reported  the job numbers for January and February were adjusted, as is always the case. The February jobs number is a bit of a surprise, especially after all the talk about how the polar vortex (for us high information people) may have influenced 2014 employment figures. 

Let's run through a quick set of visuals.

Steven Benen, The Rachel Maddow Blog

Benen Chart I

The following Benen chart has a notation added by The Pardu.

The open-minded must wonder how our jobs numbers and unemployment rates would look, if the GOP have given the Obama Team the full $1.2 Trillion requests in early 2009. Alas, a wonderment that is best left for the reality of GOP obstruction as never before in US History. Obstruction that places the nation's economic health as secondary or tertiary consideration after political maneuvers and subservience to the whims of uber wealthy money-backers (e.g. the Koch brothers cabal, Adelsen and other less public plutocrats).

Benen Chart II

Yahoo Finance


Key Economic Indicators (Individual Indicators linked, here.)

Gallup self-reported daily spending, here.

The economy continues to improve at a slow but steady past.

It is critical to remind you that we are seeing continuous improvement sine the 2009 Stimulus unabetted despite irrefutable GOP obstruction. If the six million people denied unemployment payments were granted life sustaining assistance, we would have millions more spending towards the US GDP; people who are forced to live off unemployment payments spend the money. There is no money for market investment, savings, and nor discretionary spending. They damned sure cannot send money to offshore accounts то  avoid US taxes.

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