[Grampa Dave]

More Obamaganda re increase in jobs. Here is the reality: http://www.freerepublic.com/focus/f-news/3120285/posts 2014 January Job Cut Report: Planned Cuts Surge 50 Percent Challenger Grey ^ |

Feb 5, 2014 Posted on by KeyLargo 2014 January Job Cut Report: Planned Cuts Surge 50 Percent After falling to a 13-year low in December, monthly job cuts surged nearly 50 percent to kick off 2014, as U.S.-based employers announced plans to reduce their payrolls by 45,107 in January, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 45,107 job cuts last month were 47 percent higher than a December total of 30,623, which was the lowest one-month total since 17,241 planned layoffs were announced in June 2000. January job cuts were up 12 percent from the same month a year ago, when 40,430 job cuts were recorded. The heaviest downsizing activity occurred in retail, where poor earnings led to a wave of job cut announcements from several national chains, including Macy’s, Sam’s Club, JC Penney, Sears, Best Buy and Target. Overall, retailers announced 11,394 job cuts in January; a 71 percent increase from the 6,676 retail cuts tracked in January 2013.

Last month’s retail cuts were the heaviest for the sector since last March, when 16,445 planned layoffs were announced. “Holiday sales gains were relatively weak and many retailers achieved the gains by slashing prices on their products, which adversely impacted their year-end earnings.

The post-holiday job-letting in the sector was inevitable,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. “Retail employment will, in fact, fall further than the announced job cuts indicate. Starting in January, retailers started shedding the tens of thousands of temporary seasonal workers hired to help handle the holiday rush.

The announced job cuts, on the other hand, will impact full-time, permanent workers in the stores and at the corporate offices of these struggling chains,” he added.

Then, we have the CBO projections: “ Washington’s official non-partisan bean-counter, the Congressional Budget Office, dropped a bomb. By 2024, says the CBO, Obamacare will reduce the size of the U.S. labor force by 2.5 million full-time-equivalent workers.”

[Rusty0604]

Just saw one of Obama’s cronies on CNBC bragging about how fast they got to 6.6% unemployment. And he did it with a big smile on his face.

[RayChuang88]

The biggest problem is that the Obamacare mandates now kicking in has scared a lot of companies from hiring more people, given the severe complications of the new mandates.

[Rich21IE]

Has anyone given any thought whatsoever to what this mess will look like after 2016?

[Wyatt's Torch]

It's 'Disturbing' How Fast The Unemployment Rate Is Falling

Rob Wile

Yikes.

The unemployment rate is falling really fast.

This morning, we learned it had declined to 6.6% — the 23rd-straight month without an increase. As Brooking's and UMichigan's Justin Wolfers observes, the rate has dropped 1.3% over the past year — an insane acceleration from 2012's decline of just 0.3%.

"Only three other times in the past six decades has the unemployment rate fallen this far this fast: in the early 1950s, when growth averaged 6.7% per annum; in the late 1970s when GDP growth averaged 4.8%, and in the mid-1980s when growth averaged 5.2%," said Gluskin Sheff's David Rosenberg to the U.S. Senate Budget Committee earlier this week.

In those other three instances, growth was robust. This time around, he says, we should probably be concerned about what's causing the plunge.

"Today we accomplished this feat with only 2.4% growth which is disturbing because it means that it is not taking much in the way of incremental economic activity to drain valuable resources out of the labor market," Rosenberg continued.

Most economists attribute the decline in unemployment to the drop in the labor force participation rate (LFPR) — the measure of those employed or looking for work divided by the working-age population. And the drop in the LFPR has been due to a combination of aging demographics and an expanding group of discouraged workers walking away from the job market.

Rosenberg added in his testimony that the patchwork of state and federal benefits program might be distorting the signal sent by the LFPR as it may be incentivizing some people to stay out of the labor market.

"One theory that deserves examination is that we may have an abundance of separate benefits programs that provide for the disenfranchised in a very piecemeal and inefficient manner that are also perhaps abused or overly relied upon by some, which may lead to a distortion of work incentives," he said.

Still, if we get to the point where we have a shortage of labor, we could see wage growth surge, which in turn could stoke inflation and pressure corporate profit margins.

Everyone's inclination will remain to keep an eye on these figures.

Read more: http://www.businessinsider.com/unemployment-falling-too-fast-2014-2#ixzz2seWOmGVd

[fwdude]

So, why all the fuss about extending jobless benefits? After all, the unemployment rate is down again.

Rub it in their faces until they tell the truth.

[Wyatt's Torch]

Good charts on Private vs Public Sector jobs (from Bill McBride's Calculated risk blog)

Private sector:

Public sector:

[tomkat]

Tho I don't believe a word of it, just for the sake of argument, assume the 113,000 to be true (lol).

Also assume a nominal working aged population of 125,000,000:

0.0009040000 = 00.09%

Quite the testament to halfricanomics !

That's showin'em, Barry Boy !

[TexasFreeper2009]

Progressive Trolls Daily Mantra

1. Wake up and say “Progressives are people too” 100 times
2. Make sure mom pressed today’s footy pajamas
3. Eat breakfast and fresh Kool Aid
4. Watch President Obama’s Historic Inauguration Part 1 and Part 2
5. Eat lunch - make sure mom cuts off the CRUST!!
6. Read OFA daily email update and look for paycheck deposit
7. Say the prayer ‘Obama is our lord and savior’ and bow to Washington D.C.
8. Go to Breitbart and enlighten the stupidheads
Remember to use best zingers: T e a b a g g e r, LOL, Bush, Sarah Palin, Fox = Faux, Koch S u c k e r s
9. Don’t Cry. Everybody loves Obama. They’re lying!!! Remember that!
10. Snuggle with President Obama blankie and nap
11. Eat dinner - tell mom not to burn the mac and cheese again!!!
12. Watch Mr. Maddow on MSNBC (he’s so handsome!)
13. Get nite nite snack - tell mom to get new Nilla cookies
14. Watch President Obama’s Historic Inauguration Part 1 and Part 2
15. Practice making eye contact with a girl picture

[Gamecock]

Raise the minimum wage. It is our only hope. </sarc>

[NonValueAdded]

These are numbers for the MONTH??????

[no-to-illegals]

John with all the latest news and retail stores closing this figure appears to be a calm before the storm. Am sensing a huge set of layoffs coming within the next few months. Could be in the millions to be lain off (nationwide). Am also seeing many local restaurants struggling. I think the dam maybe is about to lose a whole heap of water because those holding their fingers in that dam to hold back the water and paying taxes in the billions maybe are set to go down on this next round. Prayers am wrong John ... Prayers am wrong. Thanks for letting me vent John. Prayers am wrong.

[TomasUSMC]

The private-sector, it said, added a seasonally adjusted 142,000 new jobs in January and government shed 29,000 jobs for a total of 113,000. That is far below the 185,000 jobs predicted by a consensus of experts surveyed ahead of time.