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

Skip to comments.

U.S. Adds 113,000 Jobs, in Latest Worrying Sign on Growth
The Wall Street Journal ^ | February 7, 2014 | Eric Morath And Josh Mitchell

Posted on 02/07/2014 5:41:02 AM PST by John W

WASHINGTON—The labor market in January registered weak gains for the second straight month, a slowdown that could heighten fears about the economic recovery and may lead some to call on the Federal Reserve to reconsider its easy-money strategy.

U.S. payrolls increased by a seasonally adjusted 113,000 in January, the Labor Department said Friday. Job growth improved compared with December's gain, which was revised up by just 1,000 to 75,000, but was well below last year's average pace. The November increase was recast up by 33,000 to 274,000.

The unemployment rate, obtained through a separate survey, fell to 6.6% last month from 6.7% in December, the Labor Department said.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: abortion; deathpanels; obamacare; obamarecession; obamataxhikes; zerocare
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-144 next last
To: OrioleFan

Pure economic legerdemain. Snake oil sold to a gullible public.


21 posted on 02/07/2014 5:58:42 AM PST by Starboard
[ Post Reply | Private Reply | To 6 | View Replies]

To: John W

The “experts” only missed their prediction by 76,000 this month, after missing the number by 100,000 to the down side last month. Yep. those economists can really read the pulse of this economy, can’t they?


22 posted on 02/07/2014 5:58:53 AM PST by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wyatt's Torch

The number of jobs created is meaningless. Was the job created a part time job that replaced a full time position?

Was the new job at WalMart or as a mechanical engineer?

The unemployment rate is the biggest farce of all.


23 posted on 02/07/2014 6:01:11 AM PST by shelterguy
[ Post Reply | Private Reply | To 17 | View Replies]

To: John W

With the government’s new “unemployment” rate, it would appear that a lot of people living in the U.S. have decided to join Barry’s “fundamentally transformed” America and just stay home playing the guitar and writing poetry.


24 posted on 02/07/2014 6:02:13 AM PST by FlingWingFlyer (ObamaCare. The "global warming" of healthcare plans.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wyatt's Torch

The numbers may say slow growth but out here in the real world I’m not sure what’s growing.


25 posted on 02/07/2014 6:07:13 AM PST by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Cringing Negativism Network

The Republicans can lead by offering all the incentives using regulations and tax code they want. It’s up to the private sector to follow. The question is a matter of trust. Can you trust the policies from DC the long run to remain stable while you build your business? And the writing is on the wall, we’re moving toward ‘democratic economic populism’. Where people will vote for largess from the treasury. Businesses are merely tax collectors for the government. They’re sitting ducks. Just a slight uptick in interest rates would cause an enormous increase in payments on the National Debt. And business knows the source where Big Gov will go. It’s coming. It’s just a question of when.


26 posted on 02/07/2014 6:16:08 AM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Wyatt's Torch

Any doubt that computers are doing all the “trading” should be completely eliminated by today’s action. It came right back up and literally almost off that graph within fifteen minutes. It’s jacking around at 1777 now.


27 posted on 02/07/2014 6:18:42 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
[ Post Reply | Private Reply | To 9 | View Replies]

To: John W

Market will go up most of day, smart $ likely will sell off at 2pm or so. Janet will open the spigot. Meanwhile, more helium fills the balloon(s).


28 posted on 02/07/2014 6:22:35 AM PST by CincyRichieRich (Keep your lid on; don't let anyone dump garbage on you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

Not a dumb question. It’s hard to gauge what’s real and what’s not anymore.


29 posted on 02/07/2014 6:24:49 AM PST by CommieCutter ("For an idea to be too simplistic, it must first be proven wrong" --Thomas Sowell)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Wyatt's Torch

NFP shows 66K jobs lost - initial claims were 350K. “Not the same data set” is an understatement.


30 posted on 02/07/2014 6:24:50 AM PST by NY.SS-Bar9 (Those that vote for a living outnumber those that work for one.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Wyatt's Torch
ΔU = change in unemployment

For February U = 6.2

October U= 6.2 - (8*ΔU) = 5.4

Where ΔU = .1

31 posted on 02/07/2014 6:26:57 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Wyatt's Torch

“well within normal range for a growing economy.”

A mischaracterization if there ever was one. Growing technically but at an extremely anemic rate.

If it continues to grow at this “normal” rate this country’s economy will collapse of it’s own weight.


32 posted on 02/07/2014 6:31:42 AM PST by traderrob6
[ Post Reply | Private Reply | To 12 | View Replies]

To: John W
The unemployment rate, obtained through a separate survey, fell to 6.6% last month from 6.7% in December, the Labor Department said.

All hail our lord and master - isn't he just the coolest ever!!! /sarc
33 posted on 02/07/2014 6:32:30 AM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
[ Post Reply | Private Reply | To 1 | View Replies]

To: shelterguy
Over past year, full-time employment has risen by 1.8 million, part-time by just 8,000.

Full-time:


34 posted on 02/07/2014 6:57:06 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 23 | View Replies]

To: NY.SS-Bar9

Missing the point. If you think because initial claims is +335k that it’s a farce that NFP is +113K then you don’t understand the data sets.


35 posted on 02/07/2014 6:58:37 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 30 | View Replies]

To: NY.SS-Bar9
And NFP is not -66k. Not even close to being accurate. The last negative NFP was in February 2010:


36 posted on 02/07/2014 6:59:59 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 30 | View Replies]

To: traderrob6
Here are the facts on Initial Claims. The average for the last 45 years is 363,000. Currently the 4WMA is 334,000 so this job environment is actually BETTER than average from an initial claims standpoint.

I've made countless comments in these economic threads about the anemic rate of growth. But there is growth. It is well below average for an economic recovery due to the stifling regulation from the Obama administration.

Nevertheless corporate profits are at record highs:

It could be better sure. But it has been a positive environment despite the government/regulation headwinds.

37 posted on 02/07/2014 7:06:30 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 32 | View Replies]

To: John W
Yesterday's UE report indicated that the January job creations number would likely be 185,000.

More BLS Fun-with-Numbers. They just bend over and pull out number -- SWAGs.
38 posted on 02/07/2014 7:06:54 AM PST by TomGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: jiggyboy

True on the algos. Taper off?


39 posted on 02/07/2014 7:06:56 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 27 | View Replies]

To: John W

Well corporate profits are at a record high... :-)


40 posted on 02/07/2014 7:08:29 AM PST by Wyatt's Torch
[ Post Reply | Private Reply | To 25 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-144 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