http://money.cnn.com/2012/02/03/news..._unemployment/American employers substantially stepped up their hiring in January, bringing the unemployment rate down for the fifth month in a row.
Employers added 243,000 jobs in January, the Labor Department reported Friday, marking a pick-up in hiring from December, when the economy added 203,000 jobs.
Meanwhile, the unemployment rate fell to 8.3%. That is the lowest since February 2009.
Hiring was much stronger than expected, and once it was apparent the job gains were broad based across several sectors, economists and investors called it a "nice surprise," "fantastic," and even "a touchdown!" Stock futures immediately headed higher.
Economists surveyed by CNNMoney had forecast 130,000 jobs added in the month, and that the unemployment rate likely ticked up to 8.6%.
"To show the economy adding this kind of jobs number in a January is amazing," said Kathy Kane, senior vice president of Talent Management at Adecco Group North America. "As we talk to clients, they're very optimistic about continuing to hold jobs throughout the year but also to increase jobs."
"This is an optimistic jobs report, especially in light of very poor jobs reports for almost three years," said Brian Hamilton, CEO of Sageworks, a financial information company. "We don't know if the positive jobs trend will continue, but it is definitely a good trend."
The encouraging news was coupled with revisions to the Labor Department's data, showing the economy added 180,000 more jobs than originally thought in 2011.
I just went to the fair and balanced news site and the unemployment story is no where near the leade story. In fact, the story is currently located on the 3rd bullet point under the Latest news section buried in the middle of the web page.
I would think that would be big news but I guess not..
Okay, found out how they got this wonderful figure.......
Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low
A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non ins utional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.
http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles-
And what have the Repugs done to increase the jobs available and get more to participate in the job hunting and labor force?
not one ing thing.
Ah, boutons, I awoke you and you are in a bad mood again. Just get up
and go get your unemployment check. How many weeks you got left out
of your 99 your daddy, Obama, gave you.
would companies hire more ppl if the govt drops payroll tax and companies providing/paying heathcare?...shouldnt all of this become choice whether taxpayers want to pay for healthcare out of their own pocket?
XZ, answer the question:
what have the Repugs done to increase the jobs available and get more to participate in the job hunting and labor force
(I'm not expecting any evidence from your military-addled brain)
When a dip in unemployment is due to people falling off the rolls rather than increased hiring, that's bad. However, the headline number went down and that's all most people will care about.
250K new jobs should invite discouraged job seekers back onto the market, pushing up the unemployment rate.
iow, we have many years of screwed 99%ers in the zero-sum game called the %1 vs the 99%.
And I'd really like to know the average hourly wage of these 250K new jobs. Very probably well under $15/hour.
The economy is getting stronger. I agree with the majority of economist who say a larger stimulus would have ushered in this period of economic growth quicker. We now also know the Bush recession was far deeper than originally thought. I believe the rate of contraction reached 9%? It was bad, compacted by the fact that it was caused by the financial sector. Barring another jarring event the economy should continue to hum along for the rest of the year.
There is a question in your post? I see it as an accusation. As for
military-addled brain. At least I have on that I use. I cant say the
same for you.
I would give you a few facts, but they would only confuse your empty
pea size cranial cavity. What a dumb ass statement: " Repugs done to increase the jobs available and get more to participate in the job hunting and labor force"
Now go read your Media-matters website.
have they taken in account the army personnel returning abroad now unemployed?
good news is the new bad news.
There's already an "Obama is awesome-est president evah" thread started by resident 9/11 twoofer, Nbadan.
birthers outing twoofers lol
No birther here
XRZ: Welcome back.
Good link, thought this graph was telling from it (for those to lazy to click)
And, WH - you're right; not many will pay attention to what is ACTUALLY happening.
nm
does this stat include ppl who cant access welfare payments, who are dealing or hustling on the streets?XRZ: Welcome back.
Good link, thought this graph was telling from it (for those to lazy to click)
And, WH - you're right; not many will pay attention to what is ACTUALLY happening.
Things have to keep improving and this is good for all of America.
How are things improving when all that is happening is the labor pool
is decreasing, which causes a drop in the unemployment percentage.
If they had not messed with the number of people in the job pool then
unemployment would be over 10 percent.
Jobs are being added, that is how things are improving. Look around. I know I have witnessed in my own area things are looking brighter. If you have blinders on and think Obama and the Democrats are the devil and everything they do is bad of course you are not going to think things are improving....
Actually, I don't think 'they' 'messed with' with the number of people in the job pool. The numbers are what they are.
And, if you think about it and people see this and start to believe that things are improving and go back to looking for jobs, won't that make the unemployment numbers rise later in the year, which would be bad for Obama and good for the Republicans. Isn't that what you want?
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