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It's that time of the month again - unemployment/jobs reports in the morning
Posted on 2/6/14 at 10:05 pm
Posted on 2/6/14 at 10:05 pm
These reports have been so unexplainable of late that making predictions is pretty much like shooting in the dark. Nevertheless, will take a stab at it tonight.
- November jobs, revised downward by 6k, from 241k to 235k
- December jobs , revised upward, doubling from 74k to 148K
- January jobs, 169k
- U-3 holds at 6.7%
- U-6 increases from 13.1% to 13.2%
-participation rate - increases from 62.8% to 63.0%
- November jobs, revised downward by 6k, from 241k to 235k
- December jobs , revised upward, doubling from 74k to 148K
- January jobs, 169k
- U-3 holds at 6.7%
- U-6 increases from 13.1% to 13.2%
-participation rate - increases from 62.8% to 63.0%
Posted on 2/7/14 at 7:53 am to NHTIGER
Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.
The Labor Department says employers added 113,000 jobs, less than the average monthly gain of 194,000 in 2013. This follows December's tepid increase of just 75,000. Job gains have averaged only 154,000 the past three months, down from 201,000 in the preceding three months.
Still, more people began looking for work in January, and some of the jobless were hired, reducing the unemployment rate to 6.6 percent. That's the lowest since October 2008.
Cold weather likely held back hiring in December, economists said, but the impact faded in January. Construction firms, which sometimes stop work in bad weather, added 48,000 jobs last month.
LINK
Posted on 2/7/14 at 8:45 am to NHTIGER
Pitiful hiring, supposedly more people looking for work, and UE goes down?
One of these stats is bullshite, right?
One of these stats is bullshite, right?
Posted on 2/7/14 at 10:40 am to NHTIGER
yeah so December didn't double jobs, it revised by 1000 to 75,000 total jobs
Posted on 2/7/14 at 1:10 pm to NHTIGER
quote:
It's that time of the month again
Yep, time for Dems to insert their monthly tampon to absorb the bleeding for full time jobs and the masses dropping out of the workforce.
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