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5 takeaways from a stunning January jobs report
The Hill ^ | 02/02/2024 | TOBIAS BURNS

Posted on 02/02/2024 9:03:31 AM PST by ChicagoConservative27

Job growth soared past expectations in January and wages rose faster than inflation, exhibiting more strength at the start of an election year in which the economy could be a huge factor.

The U.S. economy added 353,000 jobs last month, according to the Labor Department, about double what economists were expecting in different forecasts. The unemployment rate held steady at 3.7 percent.

Wages on nonfarm payrolls rose by 0.6 percent to $34.55, double the monthly pace of headline inflation in December.

Annual wage growth ticked up to 4.47 percent, still considerably higher than the 3.5-percent growth that many economists think is in keeping with the Federal Reserve’s 2-percent inflation target.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Government; News/Current Events
KEYWORDS: cookedthebooks; january; jobs; report; stunning; tobiasburns
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To: ChicagoConservative27

and how many were foreign nationals??


41 posted on 02/02/2024 12:04:36 PM PST by elpadre ( )
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To: ChicagoConservative27

Oh, they forgot one:

6. Fascism works

It gives great stats, the trains run on time. Well, it work for the largest corporations and politicians anyway. Money gets consolidated with the wealthy. Their choices increase exponentially, your choices get constricted. Inflation just makes them richer, printing money in the trillions, ends up giving the big guys more access to capital…and the politicians drown in payola.

It works…it took Germany and Italy out of economic Hell…and deposited them in literal Hell about a decade and a half later. But it works, better than any other method of reviving a moribund economy.


42 posted on 02/02/2024 12:06:47 PM PST by Scott from the Left Coast (We have not yet achieved peak crazy)
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To: Sir_Humphrey

Maybe because the last time they reported outrageous numbers like this...errrr last year...months later it was revised as fake numbers.


43 posted on 02/02/2024 12:15:08 PM PST by EBH (America Blackmailed, The True Story of the World War...Coming Soon (1/21-))
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To: Sir_Humphrey

Initial US employment reports overstated by 439,000 jobs in 2023
NY Post ^ | Jan. 6, 2024, 10:18 p.m. ET | Elizabeth MacDonald, Fox Business
Posted on 1/7/2024, 11:52:42 AM by BenLurkin


44 posted on 02/02/2024 12:16:37 PM PST by EBH (America Blackmailed, The True Story of the World War...Coming Soon (1/21-))
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To: TalBlack

They appear to be literally fantastic.

fantastic /făn-tăs′tĭk/
adjective
Based on or existing only in fantasy; unreal.
“fantastic mythological creatures; the fantastic realms of science fiction.”
Strange or fanciful in form, conception, or appearance.
Unrealistic; irrational.


45 posted on 02/02/2024 12:19:16 PM PST by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: ChicagoConservative27

Annual wage growth ticked up to 4.47 percent,


Only about 10 years until it catches back up...but even then there are many months of lost wages from Biden’s economy.


46 posted on 02/02/2024 12:36:35 PM PST by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: ChicagoConservative27

IT’S A LIE!


47 posted on 02/02/2024 1:47:31 PM PST by cowboyusa (YESHUA IS KING OF AMERICA! DEATH TO MARXISM AND LEFTISM! AMERICA, COWBOY UP!)
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To: rlmorel
We have Arctic Circle restaurants in eastern Idaho. My typical purchase is a small chocolate/mint shake. Those sell for $5.39 to $5.79 each depending on location (Pocatello/Chubbuck/Blackfoot/Shelley/Idaho Falls). Oh yes, plus TAX. I recall a few years back when my "out the door" price as $4.23 (tax included). We don't do it very often now.
48 posted on 02/02/2024 1:52:17 PM PST by Myrddin
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To: Wuli

Government jobs topped the list Fox business news 2/2/24

The feds have been blowing money all over the place to make the numbers look good.


49 posted on 02/02/2024 2:09:45 PM PST by Vaduz
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To: Flaming Conservative; GOPJ; AnthonySoprano

The best article about the “jobs report” is from ZeroHedge yesterday. Unfortunately, FR does not allow ZeroHedge. I do not understand why. The Biden gang and allies are lying. The lies got worse because of Obama.


50 posted on 02/03/2024 7:27:47 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: Vaduz

I hate to say this, but some FReepers seem to believe the Biden gang’s January “jobs report.” The numbers are real, but the conclusions and context are crazy.


51 posted on 02/03/2024 9:16:34 PM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: ding_dong_daddy_from_dumas

Yes full time jobs dropped and part time jobs increased as well as government jobs juggle the numbers is a long term democrat issue.


52 posted on 02/04/2024 6:50:03 AM PST by Vaduz
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To: Vaduz

A RINO POTUS might do the same after Obama set the precedent for even more shameless lying. But the problem is not entirely new. Mark Twain attributed “Lies, damn lies, and statistics” to Disraeli.


53 posted on 02/04/2024 7:11:16 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: ding_dong_daddy_from_dumas

Agree


54 posted on 02/04/2024 7:26:07 AM PST by Vaduz
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