Skip to comments.U.S. Adds 113,000 Jobs, in Latest Worrying Sign on Growth
Posted on 02/07/2014 5:41:02 AM PST by John W
WASHINGTONThe 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.
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Pure economic legerdemain. Snake oil sold to a gullible public.
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?
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.
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.
The numbers may say slow growth but out here in the real world I’m not sure what’s growing.
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.
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.
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).
Not a dumb question. It’s hard to gauge what’s real and what’s not anymore.
NFP shows 66K jobs lost - initial claims were 350K. “Not the same data set” is an understatement.
For February U = 6.2
October U= 6.2 - (8*ΔU) = 5.4
Where ΔU = .1
“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.
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.
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.
True on the algos. Taper off?
Well corporate profits are at a record high... :-)