Unemployment rate dips to 5.6%; 112,000 non-farm payroll jobs added in January

CNBC | Friday, February 6, 2004

[JohnHuang2]

LOL!!

[JohnHuang2]

This does not bode well for the Rats in the upcoming election.

Nope -- for the Rats, it's pure RAT Poison! ;-)

[M. Thatcher]

I am happy for you; but as the classic IT worker, it does seem that you have less than honed people skills so I do feel sorry for your future co-workers.

I do hope that was a poor attempt at humor, because if that was a serious comment, it was incredibly boorish. Not to mention dead wrong.

[.cnI redruM]

If all these new positions are supposedly McJobs, why did payroll go up by 0.2%?

[Sofa King]

What I'd really like to know is if we supposedly need to create 300,000 jobs a month just to keep up with the growing population (as is the spin on DU), why is unemployment going DOWN?

[John123]

When they asked you what is your desired salary range, did you reply, "One billion dollars?"

[July 4th]

It's like the dems have absolutely no idea just how amazing a 5.6% unemployment rate is for a Western nation. Perhaps they should check out European economies that have nearly double the rates, and a lot more protection for workers. (As if protections somehow guarantee employment...)

[.cnI redruM]

My guess would be that if that 300K stat has any analytic validity, than there are a lot of jobs being created that do not show up on official statistics.

[Sofa King]

"My guess would be that if that 300K stat has any analytic validity,"

I doubt that it does. It probably fails to take into account people retiring.

[SierraWasp]

Could we all just get together and give that Dashole dude a gigantic "golden shower?"

[JohnHuang2]

Yep -- Germany just saw its jobless rate climb to 11 percent.

[oceanview]

they are expanding overseas, wake up.

[SierraWasp]

"Why does the reporter even have to editorialize about any 'campaign'..."

Because he/she/it is a Demonicrat/Nanny Government lovin leftist that is desperate to fool you, so he/she/it can rule you!!!
(aka A DOMESTICE ENEMY!!!)

[Texas_Dawg]

they are expanding overseas, wake up.

They're obviously expanding here as well too.

[DrDeb]

Have you noticed that the leftist media has completely ignored results from the HOUSEHOLD SURVEY -- a survey which notes that an ADDITIONAL 496,000 new jobs were created last month! If you add the 112,000 new jobs noted in the BUSINESS SURVEY to the 496,000 jobs noted by the HOUSEHOLD SURVEY you actually have a net increase of 608,000 new jobs during the month of January! Hmmmmmmmmmmmmmmmmmmm!!!


Excerpt:

Some economists think hiring really is occurring in the economy, but it is not being reflected in the Labor Department's monthly survey of business payrolls. In the separate survey of households, employment jumped by 496,000 last month.

The household survey counts self-employed workers and contract workers, which are increasing. The survey of businesses does not.

"They're not recording the outside contractors — they're not reflecting something that is tremendously fundamental now to the American corporate scene, and that's outsourcing to outside contractors," Mayland said.

The Labor Department's Bureau of Labor Statistics acknowledged the continuing discrepancies, and said it is investigating.

http://story.news.yahoo.com/news?tmpl=story&ncid=&e=4&u=/ap/20040206/ap_on_bi_go_ec_fi/economy

[TruthShallSetYouFree]

If the New England Patriots were Republicans, the Reuters/Associated Press story of the Superbowl would look like this:

The heavily favored New England Patriots, disappointing their own fans, and football fans in general, squeaked out a 3 point victory over a very weak opponent. The prospects for the career of beleaguered coach Bill Belichick were certainly not enhanced by the team's unexpectedly weak showing. Experts nationwide had expected the Pats to win by at least seven points, and to hold their opponents to well under the 29 points they eventually scored. Placekicker Adam Vinatieri missed two relatively easy field goal attempts early in the game, which will certainly be devastating to his career, although he did manage to barely clear the uprights late in the game, as the Pat's drive was bogged down in a quagmire, and they settled for a 3-pointer. Quarterback Tom Brady threw a key interception late in the game, but, despite his struggles, was named MVP by a panel that was probably distracted by seeing the bare right breast of pop star Janet Jackson.

[CyberAnt]

Good choice.

The other good choice, is senior issues.

[NormsRevenge]

A graphic giving the latest US unemployment figures and charting the figures since the beginning of 2001(AFP)

[motzman]

When they asked you what is your desired salary range, did you reply, "One billion dollars?"

Actually, not knowing the value of money (I've been frozen for 30 years, throw me a frickin' bone) I only asked for 1 million.

I think all the "Moo-ha-ha-ing" I did turned them off.