Unemployment Rate at an Awful 8.9% – White House Says This Proves Their Policies Are Working?
Worst. President. Ever.
Barack Obama is the worst jobs president since the Great Depression.
The unemployment rate for the month of February finally fell to 8.9% after 21 straight months of a 9.0% unemployment rate or higher.
However, Gallup has the unemployment rate hitting 10.3% in February.
Here’s the AP’s report:
The dollar is mixed after a report showing the U.S. unemployment rate dropped to 8.9 percent last month, the lowest since April 2009 — a good sign for the economy. The U.S. currency is falling against the euro but rising against the yen and the pound.
The government says the economy added a net 192,000 jobs last month, with 222,000 in job gains from private employers. The unemployment rate has fallen sharply since it was 9.8 percent in November.
Obviously, these are very different trends being reported today.
Maybe someone can explain this.
UPDATE: The White House said this proves their policies are working.
UPDATE: Civilians NOT in the labor force hit an alltime high in February.
UPDATE: Don’t get too excited over February’s number.