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155,000 Jobs Added in December, Unemployment Rate 7.8%
Zero hedge ^

Posted on 01/04/2013 6:14:00 AM PST by Perdogg

A surprisingly uneventful report, as BLS reports that 155,000 Jobs were added in December, right on top of the 156,000 expected, and in line with the number needed to keep up with the growth in the population, or at least the Old Normal growth - in the New Normal only handouts matter. The unemployment rate was 7.8%, vs the 7.7% expected: who else is surprised that the rate is now rising with Obama reelected and when a lower unemployment rate means an earlier end to QE4EVA? The November unemployment rate was revised from 7.7% to 7.8%, just so headlines can proclaim the rate was unchanged, even though it was fractions away from a 7.9% print, compared to November initial 7.7%.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: businessinsider; zerohedge

1 posted on 01/04/2013 6:14:10 AM PST by Perdogg
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To: Perdogg
I love the front page paragraph on FoxBusiness:The Labor Department reports non-farm payrolls increased by 155,000 in December, beating expectations of an increase of 150,000. The unemployment rate held steady at 7.8%, compared to expectations of 7.7%. November’s jobless rate was revised up by 0.1 percentage point to 7.8%.

The unemployment rate held steady at 7.8%,

Held steady, because last month was raised a 10th of a point. How can they report that with a straight face (not that they don't do it every month).

2 posted on 01/04/2013 6:20:45 AM PST by mykroar (BAD-ANON: One Game At A Time)
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To: Perdogg

“A surprisingly uneventful report, as BLS reports that 155,000 Jobs were added in December, right on top of the 156,000 expected”

The economists were right for a change? Maybe the world didn’t end in December, but this surely mus be a sign of the apocalypse.


3 posted on 01/04/2013 6:20:45 AM PST by Cato in PA (Land of the free and the home of the brave? Wrong on both counts.)
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To: Perdogg

I love that unemployment data is hardly even news now...not even in breaking news. We will see numbers at this level or worse for 4-5 year to come at a minimum, because this is what the brilliant American people voted for. Unless someone can come along and successfully explain to the American people that we have slid into an unsustainable European welfare state and why that is bad, this will last a lot longer than 4-5 years. High unemployment is no longer news. So sad.


4 posted on 01/04/2013 6:22:13 AM PST by ilgipper (Obama supporters are comprised of the uninformed & the ill-informed)
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To: Perdogg

U6 %14.4
Everything else is smoke and mirrors.


5 posted on 01/04/2013 6:22:54 AM PST by Morris70
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To: mykroar

Because rupert demanded that they report it like that.

LLS


6 posted on 01/04/2013 6:23:08 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: Perdogg

Remember kids: 155 is on top of 156.


7 posted on 01/04/2013 6:24:13 AM PST by ClearCase_guy (Nothing will change until after the war.)
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To: mykroar

They’ll do the same manipulation with the economic growth stats to keep from having to admit we’re in another recession/depression.

That 7.8 figure is crap and everyone knows it.


8 posted on 01/04/2013 6:25:47 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Cato in PA

Wait for the January revision of the December numbers...


9 posted on 01/04/2013 6:26:00 AM PST by ltc8k6
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To: Morris70

Yep, the U6 and the total number of people employed now vs 2008.

Those are the figures that tell the truth.


10 posted on 01/04/2013 6:27:20 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB

“Unemployment for women rose to 7.3 percent in December from 7.0 percent while the rate for African-Americans rose sharply to 14.0 percent from 13.2 percent in November.”

http://cnsnews.com/news/article/unemployment-rises-women-african-americans-december


11 posted on 01/04/2013 6:31:26 AM PST by ltc8k6
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To: ltc8k6

“must be ‘scrimination”...
/sarc


12 posted on 01/04/2013 6:33:58 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Perdogg

Welcome to the new normal — unemployment above 7% because no one wants to hire and take on all the cost, regulatory burden and potential litigation.


13 posted on 01/04/2013 6:38:37 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: LibLieSlayer; MrB

I’m just waiting for the February report - after we scrub out all the seasonal hiring.


14 posted on 01/04/2013 6:44:03 AM PST by mykroar (BAD-ANON: One Game At A Time)
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To: mykroar

It is going to be a disaster.

LLS


15 posted on 01/04/2013 6:50:54 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: Perdogg

I wonder how many of those created jobs were only seasonal?


16 posted on 01/04/2013 6:53:56 AM PST by texaschick
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To: Opinionated Blowhard

Yes Baraq’s new normal.
Why work when the govt will give you sustenance?
Why create jobs when the govt will take most of your profits?


17 posted on 01/04/2013 6:54:46 AM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Perdogg

not counting the job cuts that were announced in December...


18 posted on 01/04/2013 7:03:31 AM PST by bigbob
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To: Perdogg

We’re being manipulated by a collection of idiots.


19 posted on 01/04/2013 7:26:14 AM PST by popdonnelly
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To: Perdogg
The November unemployment rate was revised from 7.7% to 7.8%

So, in essence, the percentage hadn't really changed for several months.

But, the Admin and MSM ballyhooed that 7.7%.

Now, we find out it wasn't really 7.7% after all.
20 posted on 01/04/2013 7:30:48 AM PST by TomGuy
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To: Perdogg

Wow, 155,000 part time gift wrapping jobs added for December!


21 posted on 01/04/2013 7:43:05 AM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
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To: ilgipper

The new normal.


22 posted on 01/04/2013 7:47:34 AM PST by TomGuy
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To: Perdogg

Here in Pennsylvania they raised the Unemployment Contribution rate from $1 a week to $10 a week. That is a thousand percent increase.

The Pennsylvania Unemployment fund is broke. The state had to borrow 3.8 billion from the feds to give checks to the people who do not work. We PA taxpayers will have to pay back the 3.8 billion at a tune of $500 million a year in interest payments.


23 posted on 01/04/2013 8:31:26 AM PST by Flavious_Maximus
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To: Perdogg

There was no net 155,000 jobs counted anywhere.

The Establishment Survey raw count was -243,000 jobs.
http://www.bls.gov/news.release/empsit.t17.htm

Run -243,000 through the Birth and Death Model and seasonal adjustment ==> +155,000

In addition:
The Household Survey raw count was -489,000 people employed.
http://www.bls.gov/news.release/empsit.t01.htm


24 posted on 01/04/2013 9:01:23 AM PST by khelus
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To: popdonnelly

sorry- they are Not idiots- they know the numbers are made up!- the MSM,congress- all politicians- do not want to
point out the obvious-a made-up economy.

Hey!!- at least they got their PAY RAISE!!


25 posted on 01/04/2013 9:05:42 AM PST by mj1234
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To: Perdogg

Instead of an “unemployment” rate which can be fudged, the government should report the percentage of Americans who are actually working and paying taxes minus school-aged children and retirees. Can’t fudge that!

As it stands now we are led to believe that if the unemployment rate is 7.8% then 92.2% are actually employed.

The news can then be read: “Of the 120 million adults in this nation between the ages of 18 and 65, 40 million or 33% have jobs and are paying taxes. The remaining 67% are living off the government (our taxes) largess.”

I’ll bet I’m not far off on the percentage!


26 posted on 01/04/2013 10:21:37 AM PST by New Jersey Realist (America: home of the free because of the brave)
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To: Perdogg

Instead of an “unemployment” rate which can be fudged, the government should report the percentage of Americans who are actually working and paying taxes minus school-aged children and retirees. Can’t fudge that!

As it stands now we are led to believe that if the unemployment rate is 7.8% then 92.2% are actually employed.

The news can then be read: “Of the 120 million adults in this nation between the ages of 18 and 65, 40 million or 33% have jobs and are paying taxes. The remaining 67% are living off the government (our taxes) largess.”

I’ll bet I’m not far off on the percentage!


27 posted on 01/04/2013 10:24:10 AM PST by New Jersey Realist (America: home of the free because of the brave)
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