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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%
5
Posted on 2/6/14 at 10:33 pm to NHTIGER
250k jobs added
Posted on 2/7/14 at 7:05 am to HailHailtoMichigan!
quote:
250k jobs added
I guess the "jobs saved or created" meme has ran out of steam.
Posted on 2/7/14 at 7:08 am to son of arlo
Whatever it is, there's a damned good chance it will be "unexpected."
Posted on 2/7/14 at 7:12 am to udtiger
quote:
Whatever it is, there's a damned good chance it will be "unexpected."
This
Posted on 2/7/14 at 7:28 am to Ghostfacedistiller
There's a Little Ceasar's Pizza joint here in town where they always have someone twirling a sign out front. I've never seen the same guy do it for more than a day. I suppose this pizza place is creating 6 jobs per week.
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 7:57 am to Jbird
lots of wrong in this thread
Imagine how bad the turd really smells when it cannot be polished any better than this.
Imagine how bad the turd really smells when it cannot be polished any better than this.
Posted on 2/7/14 at 8:00 am to gthog61
quote:
Imagine how bad the turd really smells when it cannot be polished any better than this.
Thank goodness we have a Dem president. Otherwise the media would have us all out on the ledges ready to jump. Remember, it's not unemployment. It's funemployment!
Posted on 2/7/14 at 8:13 am to Jbird
quote:
surprisingly
That's pretty close to "unexpected."
Posted on 2/7/14 at 8:17 am to udtiger
quote:
Economists polled by Reuters had forecast payrolls increasing 185,000 last month and the unemployment rate to hold steady at 6.7 percent.
But there was a silver lining in the report. The unemployment rate dropped a tenth of a percentage point to 6.6 percent last month, the lowest since October 2008.
Makes no fricking sense... So the analyst predicted 75k more jobs than there actually were and for unemployment to hold steady, yet it actually goes down.
This post was edited on 2/7/14 at 8:18 am
Posted on 2/7/14 at 8:21 am to udtiger
quote:What won't be unexpected will be in a few days one of the resident Libs will slide in and use the unemployment figures as a glowing example of Obama "winning".
That's pretty close to "unexpected."
Posted on 2/7/14 at 8:25 am to Jbird
Thankfully we have a new health care system which allows people to stay home more because the economy is forcing people to stay home more.
Obama was ahead of the curve. providing for people not to work before they actually lose their jobs is very creative. With thousands being forced out of their jobs due to Obamacare it is great to know that Obamacare is there in case they get sick.
Obama was ahead of the curve. providing for people not to work before they actually lose their jobs is very creative. With thousands being forced out of their jobs due to Obamacare it is great to know that Obamacare is there in case they get sick.
Posted on 2/7/14 at 8:26 am to doubleb
quote:Brilliant!
Obama was ahead of the curve. providing for people not to work before they actually lose their jobs is very creative. With thousands being forced out of their jobs due to Obamacare it is great to know that Obamacare is there in case they get sick.
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 8:47 am to Jake88
quote:
Pitiful hiring, supposedly more people looking for work, and UE goes down?
Thats where I'm confused...
Posted on 2/7/14 at 8:55 am to Jake88
quote:
Pitiful hiring, supposedly more people looking for work, and UE goes down?
Uh yea its a head scratcher for sure!
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 10:45 am to Stuckinthe90s
Job numbers increased slightly, yet again, and not enough to keep up with the population rate entering the workforce.
But hey, even these terrible gains are a bad thing to liberals. The white house came out and stated that people having their hours cut back, was a good thing, because it allowed them to keep their obamacare benefits. That's right, the liberals actually stated that fewer jobs and fewer hours are a positive because it frees up people who are constrained with jobs, and allows them to either keep or receive more government handouts. What liberal idiots were saying that government welfare didn't disincentivize the workforce?
LINK
I say again, how can liberalism not be an evolutionary defect in the human brain?
But hey, even these terrible gains are a bad thing to liberals. The white house came out and stated that people having their hours cut back, was a good thing, because it allowed them to keep their obamacare benefits. That's right, the liberals actually stated that fewer jobs and fewer hours are a positive because it frees up people who are constrained with jobs, and allows them to either keep or receive more government handouts. What liberal idiots were saying that government welfare didn't disincentivize the workforce?
LINK
I say again, how can liberalism not be an evolutionary defect in the human brain?
This post was edited on 2/7/14 at 10:47 am
Posted on 2/7/14 at 10:59 am to BugAC
Ha, I saw that video where he tried to spin it as a good thing. too bad the reports weren't sharp enough at the time to realize that he was saying that Obamacare was an incentive to not work. To catch him saying that would have been great.
The number this month don't seem to add up... only added 113,000, unemployment goes down and labor force goes up... what am I missing
The number this month don't seem to add up... only added 113,000, unemployment goes down and labor force goes up... what am I missing
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