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Payrolls Surge By 236,000 In February, Following Big Downward Revision, Unemployment Rate Slides....
Zero hedge ^

Posted on 03/08/2013 5:37:20 AM PST by Perdogg

February payrolls rose by a whopping 236,000, much better than the 165,000 expected. However this takes place as the January number was revised from 157K to 119K. The unemployment rate slides to 7.7%, on expectations of a 7.9%. This was the lowest unemployment rate since December of 2008. The civilian labor force dropped as usual from 63.6% to 63.5%. The household survey saw an increase of 170K jobs in February, following a 17K increase in January.


TOPICS: Business/Economy; Front Page News
KEYWORDS:

1 posted on 03/08/2013 5:37:20 AM PST by Perdogg
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To: Perdogg

Fantasy.


2 posted on 03/08/2013 5:39:06 AM PST by SoFloFreeper
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To: Perdogg

When the numbers move around this much and defy expectations this much, it just highlights the fact that it is all made up and the “experts” have no idea what is really going on. They just want it to look good.


3 posted on 03/08/2013 5:43:19 AM PST by ClearCase_guy (The ballot box is a sham. Nothing will change until after the war.)
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To: Perdogg

A look at the numbers:
236 thousand “new” jobs.
But, 125 thousand folks OUT of work force in round numbers.
And 60 thousand downward revision from last month.

Yes, fantasy, and BS.


4 posted on 03/08/2013 5:44:08 AM PST by C. Edmund Wright
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To: Perdogg

Retailers and fast-food joints engaged in mass hiring since they had to cut their existing workers to under 30 hours due to Obamacare.


5 posted on 03/08/2013 5:45:04 AM PST by Buckeye McFrog
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To: C. Edmund Wright

Barry needs a bump in the polls.

The Ministry of Plenty is here to help.


6 posted on 03/08/2013 5:45:23 AM PST by Perdogg (Sen Ted Cruz is my adoptive Senator, Rand Paul for President in 2016)
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To: SoFloFreeper

Hilarious! Liberal tv news (local 7) in Miami Florida JUST DID A “NEWS ALERT” on these biased numbers.....

They NEVER REPORTED as “breaking news” the steady INCREASED UNEMPLOYMENT over the past 5 years.


7 posted on 03/08/2013 5:47:30 AM PST by SoFloFreeper
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To: C. Edmund Wright

Anybody know what the work force participation rate is in this report?


8 posted on 03/08/2013 5:48:08 AM PST by yellowhammer
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To: C. Edmund Wright

Never mind. I see it now.


9 posted on 03/08/2013 5:49:21 AM PST by yellowhammer
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To: Perdogg

Participation rate dropped to 63.5% and birth/deaths added 104,000 to the raw number.

This is just like the CPI, adjusted by hedonics, substitution, etc. so much you can’t tell anything from the published numbers.


10 posted on 03/08/2013 5:51:08 AM PST by bereanway
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To: Buckeye McFrog

EXCELLENT POINT! All this happening while PERSONAL INCOME PLUMMETED.....a statistic not reported widely in the Obama buttlicking media.


11 posted on 03/08/2013 5:54:19 AM PST by SoFloFreeper
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To: SoFloFreeper

the only number that cuts through the bs is the number of people on food stamps


12 posted on 03/08/2013 5:56:31 AM PST by dontreadthis
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To: yellowhammer

Yep, down .1, out of something over 100 million, means a downward bump of something over 100K people.


13 posted on 03/08/2013 5:59:08 AM PST by C. Edmund Wright
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To: SoFloFreeper

The area around where I sit is just overrun with Now Hiring signs. Every shop and restaurant has one out. It’s to plug these holes in their schedules due to Obamacare. But the visuals to the average low-information type driving down the road make it appear as if Barry’s got it solved.

Once he gets what he needs from this The Secretary Shall declare that they’re gonna buy insurance for every employee who clocks in for even 15 minutes. Bank on it.


14 posted on 03/08/2013 6:04:23 AM PST by Buckeye McFrog
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To: C. Edmund Wright

Fantasy and BS? You know it, I know it and everyone here on FR knows it. However, the low-information voter only knows and believes what the MSM and the administration feeds them. And they now outnumber us...


15 posted on 03/08/2013 6:14:03 AM PST by Russ (Repeal the 17th amendment)
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To: Buckeye McFrog

It will be interesting when employees can only work for 14 minutes...kind of like government “workers”. LOL.


16 posted on 03/08/2013 6:15:36 AM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: Perdogg

I’ll say it again, the only real unemployment number any more that matters is the Labor Force Participation rate, which was down again this month and continues to bounce along at thirty-year lows.


17 posted on 03/08/2013 6:18:14 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: hal ogen

My granddaughter just got a 4 hour per week job, not that she was looking for one but there are probably many like her being counted as employed.


18 posted on 03/08/2013 6:28:59 AM PST by tiki
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To: Perdogg

Wait a minute. Didn’t the economy rise just 0.1% in the fourth quarter? That’s with the busy holiday season taken into account. Now we’re supposed to believe that on top of that dreadful news 200,000 were added in February? I’m watching CNN at my job and they’re practically giddy at all of this. Why do I get the feeling the American people are being sold a bill of goods? We’re being led to our slaughter while our attention is being diverted from the disaster.


19 posted on 03/08/2013 6:32:05 AM PST by dowcaet
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To: Perdogg

This probably just reflects a lot people being forced to trade one full time job for two part time jobs. (if there is any real basis for the numbers at all, which I’m not ready to concede in this slightest)


20 posted on 03/08/2013 6:35:10 AM PST by circlecity
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To: Perdogg

They had to show the numbers getting better, so that in a couple months they can put the bad numbers back up and blame the republicans, and validate Obama’s predictions of sequester doom and gloom.


21 posted on 03/08/2013 6:44:57 AM PST by Go Gordon (Barack McGreevey Obama)
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To: Perdogg

If somebody has to go out and work two part time jobs to get by, are these jackasses counting those two jobs as two new jobs?!

Something smells awful here.

I wonder what the “downward” adjustment will be next week.


22 posted on 03/08/2013 6:48:23 AM PST by Mrs. Frogjerk
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To: SoFloFreeper

Made up numbers by made up experts.


23 posted on 03/08/2013 6:53:37 AM PST by Henri Gaudier-Brzeska
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To: Perdogg

Lies

Damn lies

Statistics


24 posted on 03/08/2013 6:57:52 AM PST by petro45acp (No good endeavour survives an excess of adult supervision)
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To: yellowhammer
I like pundits thinking for me as much as the next guy, but here are the actual numbers from the BLS website:

 

Category

Dec.

Jan.

Feb.

 

2012

2013

2013

Employment status

[Numbers in thousands]

Civilian noninstitutional population

244,350

244,663

244,828

Civilian labor force

155,511

155,654

155,524

Participation rate

63.6

63.6

63.5

Employed

143,305

143,322

143,492

Employment-population ratio

58.6

58.6

58.6

Unemployed

12,206

12,332

12,032

Unemployment rate

7.8

7.9

7.7

Not in labor force

88,839

89,008

89,304

What we got is that over the past couple months we're seeing 187,000 more jobs for a population that grew by 422,000 more people.

Oh goody.

25 posted on 03/08/2013 7:27:38 AM PST by expat_panama
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To: Perdogg

Looks like the fakery in the jobs report is going mainstream today, and all of a sudden.

“They” started a pretend reversal at about 10:12. I say “pretend” because that is definitely not a scheduled ramp time. (The usual starts are 9:45 when options open, 10:30 when oil closes, 11:30 when Europe closes, and noon. And yes that difference between 10:12 and 10:30 is all the difference in the world.)

Down we go today.


26 posted on 03/08/2013 7:28:37 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: C. Edmund Wright

One more thought: Obama and the alchemists at the BLS know what’s coming down the road; the military is preparing to get rid of at least 220,000 service members—possibly more—by 2015, with most of the cuts coming in the Army and the Marine Corps. Most of those leaving will move onto the civilian unemployment rolls (many don’t realize that unemployment payments is a multi-billion dollar line item for the Pentagon each year).

On top of that, Obama’s budget cuts and sequestration will eliminate upwards of 700,000 defense contracting jobs in places like VA and CA. I heard yesterday that the first round of pink slips just went out at places like Newport News Shipbuilding in Virginia. Those numbers will surge in the coming months.

The “numbers” plan is simple. Drive the unemployment rate as low as possible before the sequestration effects arrive. Barry and his advisers know that low information voters will tolerate an unemployment rate below 8 percent (the “new normal”). But anything above 8% is a danger zone. Wouldn’t surprise me to see UE drop to around 7.1-7.2% by early summer, with the full expectation that defense cuts will push it back to around 8% by later this year.


27 posted on 03/08/2013 7:38:17 AM PST by ExNewsExSpook
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To: Perdogg
Unemployment Rate Slides....

THEY COOKED THE BOOKS!!!

Bunch of lying bastards.

28 posted on 03/08/2013 7:40:16 AM PST by GoldenPup
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To: Perdogg

Here’s a bit of reality:

We are 147k behind the jobs created for Jan and Feb 2012 so far.

Feb 2013 job creation: 236k

Feb 2012 job Creation: 271k


29 posted on 03/08/2013 8:08:16 AM PST by SeekAndFind
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To: hal ogen

No doubt with a union mandated 7 minute break.


30 posted on 03/08/2013 9:01:20 AM PST by matt04
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To: Buckeye McFrog

Bingo! Its just retailers moving around the employment furniture to avoid current and future taxes from the fools in DC.

And this may be the new normal, lots of part time jobs because no business wants to offer a full time gig and pay out the nose with all the government enforced BS that goes with it.


31 posted on 03/08/2013 10:07:22 AM PST by sarge83
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To: SoFloFreeper
Fantasy.

Yup, here's the reality.

From Paper or Plastic Recovery: Multiple Job Holders Increase, Full-Time Workers Decrease, "But if we get down to the real nitty gritty of the numbers, you can see that full-time workers actually FELL while part-time workers ROSE."

And from the BLS, Table A-9. Selected employment indicators

32 posted on 03/08/2013 4:20:41 PM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: ClearCase_guy

When the numbers move around this much and defy expectations this much, it just highlights the fact that it is all made up and the “experts” have no idea what is really going on. They just want it to look good.

And, they are probably fudging the numbers. Make that not probably, THEY ARE FUDGING THE NUMBERS.


33 posted on 03/08/2013 10:40:07 PM PST by Wj33
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To: Perdogg
yeah, right...

34 posted on 03/09/2013 7:20:42 AM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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