Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

157,000 Jobs Added In January, Unemployment Rate At 7.9%(Ministry of Plenty alert)
Zero hedge ^

Posted on 02/01/2013 5:42:31 AM PST by Perdogg

The goldilocks economy continues as the unemployment rate comes right as expected, or 157,000, a tiny miss to expectations of 165,000, down from the upwardly revised 196,000 (was 155,000 previously), leading to an unemployment rate of 7.9%, higher than the 7.8% expected.


TOPICS: News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-94 next last
To: treetopsandroofs

I don’t think Romney lost because of them. He lost because of demographics, vote fraud, and because the TV media has become 100% propaganda. Romney and the GOP spent too much time extolling the virtues of hard work. When the vast majority of people are either working for the government or otherwise receiving checks from the government, not even moderates can win.


41 posted on 02/01/2013 6:53:28 AM PST by demshateGod (The fool hath said in his heart, There is no God.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Perdogg

‘Ministry of Plenty Alert’ *SNORT* Love it.


42 posted on 02/01/2013 6:53:36 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wyatt's Torch

You mean the revised avg job growth, right?

:-)

If a Repub president had such numbers, they’d be horrible, of course...

But hey, that’s life.


43 posted on 02/01/2013 6:57:51 AM PST by ltc8k6
[ Post Reply | Private Reply | To 38 | View Replies]

To: Cheerio

You cannot deny that housing is a bright spot for the economy. Starts were up 27% YOY. Existing and new home inventories declined to normal levels. Vacancy rates back down below 2%. Home prices increased for the first time since the financial crisis. Household formation for FY12 was around 1.4 million. Everything in housing is moving the right direction, albeit from a very low base after the collapse.


44 posted on 02/01/2013 6:59:08 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 39 | View Replies]

To: ltc8k6

Well every number comes out with a “flash” report (initial estimate) and then are revised later. Not unusual. Internally when we report numbers we have a “flash” estimate to get an early sense and then we release final numbers a few days later.

Absolutely right on if this was a Republican president, In 2004 job growth averaged 168K per month and it was a “jobless recovery.”


45 posted on 02/01/2013 7:03:38 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 43 | View Replies]

To: Wyatt's Torch

I have noticed no slackening in the number of home foreclosures listed in the legal section of the local newspaper over the last five years.


46 posted on 02/01/2013 7:05:25 AM PST by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 44 | View Replies]

To: Wyatt's Torch

Terms not seen in the media since 2008

McJobs
homeless problem
recovery for Wall $treet but not Main Street


47 posted on 02/01/2013 7:07:03 AM PST by nascarnation (Baraq's economic policy: trickle up poverty)
[ Post Reply | Private Reply | To 45 | View Replies]

To: Hoodat
Speaking of malaise, at least when Jimmy Carter was President, he actually seemed to care (even though he was completely ineffectual at fixing it). With Obama, every day is a big party celebrating him while everyone denies the malaise exists at all.

Very good point. I can't think of a single positive thing to say about our communist.

48 posted on 02/01/2013 7:11:03 AM PST by St_Thomas_Aquinas
[ Post Reply | Private Reply | To 7 | View Replies]

To: Perdogg
The goldilocks economy continues

This bowl of porridge is too cold.

This bowl of porridge is frozen solid.

This bowl of porridge is a little below lukewarm and kind of nasty, but I guess it will have to do.

49 posted on 02/01/2013 7:12:20 AM PST by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lacrew

Housing is the bright spot but you are incorrect on the lending standards as banks are asking for significantly higher standards than the government requires. 780K housing starts in 2012 when the 50 year average is 1.5 million is anything but a bubble. Household formation was 1.4 million for 2012 which is above the 50 year average of 1.2 million which is why new and existing home inventories are back into normal ranges and even slightly below.

GDP declined because of huge decreases in defense spending. Consumer spending (71% of GDP) was up significantly. That being said 2% growth is anemic at best but we are not in a contraction.

Industrial production is almost back to pre-recession levels.

Capacity utilization is back up to 78.8% from the bottom in 2009 of 66.8%

US Household Net Worth is back up to levels not seen since 2007

US Corporate Profits are at all time highs.

Again, we are not in a “great” economy for sure. But it has improved. This is nowhere near where we were in 2008-10. It could also be a lot better if Obama would get the hell out of the way.


50 posted on 02/01/2013 7:16:09 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: treetopsandroofs
“Yes, but according to about a third or so posters here, it was more important to “send a strong message to the GOP”.”

Of which the GOPe STILL doesn't see where they keep going wrong.

Even the the shock of the election didn't make them any wiser; their performance since then has been absolutely shameful.

Romney could have won, probably easily, but he didn't really try. Whether that was because of him personally or the wonderful ‘coaching’ from the party bosses I don't know.

Scapegoating seems to be the favorite pass-time of the Republican elites these days and, by extension, loyal party hacks. Stop trying to blame the people who want to return this country to its rightful place in the world. Conservatives are not now, nor ever were the problem.

51 posted on 02/01/2013 7:19:50 AM PST by MichaelCorleone (A return to Jesus and prayer in the schools is the only way.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Perdogg

More people out of work than ever before and the unemployment rate goes down - I guess Rush was right; Zero really is the Magic Negro..


52 posted on 02/01/2013 7:23:54 AM PST by trebb (Allies no longer trust us. Enemies no longer fear us.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

Housing analyst Ivy Zelman had a report to clients on January 16 that stated: “Notices of Default were down 11% YOY given the improved delinquency pipeline and a continued focus on modifications and pre-foreclosure alternatives. We note that notices were also 36% below the level in December 2010 and down 58% from December 2009.”


53 posted on 02/01/2013 7:25:12 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Wyatt's Torch

Well, by a lot of indications, the economy, however you want to describe it, is about to be hobbled.

We’ve got PPACA kicking in, we’ve got whatever the admin does about the debt ceiling, we’ve got an Obama admin budget coming, etc...

We still seem to have a low workforce participation rate, we’ve got the swelling welfare and disability rolls, etc.

It’s also hard to believe there are going to be a lot of folks buying houses...


54 posted on 02/01/2013 7:27:54 AM PST by ltc8k6
[ Post Reply | Private Reply | To 50 | View Replies]

To: Wyatt's Torch

Is that real, or is it from banks making new arrangements so people are no longer “in default”?

Is it from the programs designed to let people off the hook who would otherwise remain in default and lose their house?


55 posted on 02/01/2013 7:34:14 AM PST by ltc8k6
[ Post Reply | Private Reply | To 53 | View Replies]

To: FReepers; Patriots; FRiends

Please Support Free Republic Today!

56 posted on 02/01/2013 7:38:32 AM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ltc8k6

As I’ve said, Obama’s regulations are stifling growth and 2% is very poor but we’ve been at that rate for a while. It’s just not going to get better.

As for housing the key is household formation. Average housing starts of 1.5 million over the last 50 years are made up of 1.2 million new households formed per year and 300K teardowns, second homes, fires, floods, etc. Household formation during the recession dropped to 255K in 2009 and 444K in 2010 which delayed any housing recovery and why we saw 600K starts during those years. Household formation increased to 961K in 2011 and was 1.4 million so we are getting back to a “normal range”. As housing analysts say, “those people have to live somewhere” which is why inventories and vacancy rates have declined to normal ranges.

As an FYI I do FP&A and economic forecasting for my company and we participate in the housing sector.


57 posted on 02/01/2013 7:42:36 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 54 | View Replies]

To: Wyatt's Torch

“Everything in housing is moving the right direction, albeit from a very low base after the collapse.”

Yeah, especially here in Chicagoland /sarcasm.


58 posted on 02/01/2013 7:47:07 AM PST by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
[ Post Reply | Private Reply | To 44 | View Replies]

To: ltc8k6

The answer is “yes”... All of the above. The natural foreclosure rate is declining as the economy has improved (in 2008/09 when we were losing 300-400K jobs per month compared to 2011/12 when we are growing 175K jobs per month). Plus you have modifications and government programs like HAMP and HARP. Regardless the foreclosure activity (both real and shadow) have come down substantially from the peaks in 2008/08.


59 posted on 02/01/2013 7:47:35 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 55 | View Replies]

To: flaglady47

I’m in Atlanta which is still suffering from overbuilt housing and we aren’t seeing that much of a recovery. But on average nationally we are and that’s just not disputable. Interestingly places like Phoenix, Las Vegas and parts of California where the boom occurred, are showing a huge increase in land acquisition deals.


60 posted on 02/01/2013 7:51:03 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 58 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-94 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson