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Unemployment rate drops to 5.6% as economy creates 252,000 jobs
MSNBC ^

Posted on 01/09/2015 6:01:54 AM PST by God luvs America

The U.S. economy added 252,000 jobs in December, sending the unemployment rate down to 5.6%. The latest jobs numbers continue a streak of strong economic growth, which has seen the unemployment rate drop 0.2 points in the last two months alone.


TOPICS: Breaking News; News/Current Events
KEYWORDS: unemployment; unenjoyment
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Watched CNBC on this and they pretty much told the truth by saying while everyone will harp on the number 1) the labor participation rate fell again, 2) wages decreased again...so you have a smaller % of the population working for less $$$
1 posted on 01/09/2015 6:01:54 AM PST by God luvs America
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To: God luvs America

5.6%. LOL! Yeah! Right.


2 posted on 01/09/2015 6:04:44 AM PST by FlingWingFlyer (Hey Obama! You didn't build this economy! Somebody else built it!)
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To: God luvs America

Well this might change with oil $$$ falling and less drilling. Less demand for oil pipelines..etc etc etc


3 posted on 01/09/2015 6:05:03 AM PST by Paul46360 (..)
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To: God luvs America

“You want fries with that?”


4 posted on 01/09/2015 6:06:22 AM PST by Dick Bachert (This entire "administration" has been a series of Reischstag Fires. We know how that turned out!)
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To: Paul46360

Actually these lower oil prices are likely making jobs.

Pray America is waking


5 posted on 01/09/2015 6:06:28 AM PST by bray (Sharpton is a murderer)
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To: God luvs America
Soon unemployment will be zero, and all will be happy!



You get a job! You get a job! You get a job!
6 posted on 01/09/2015 6:06:47 AM PST by VanDeKoik
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To: God luvs America

I’ve been hearing the left crow about the length of time that this recovery is taking. The slowest, weakest recovery since the great depression. It’s like being proud that it has taken twice as long to get over the flu and you are still not feeling well enough to go to work.


7 posted on 01/09/2015 6:08:25 AM PST by jdsteel (Give me freedom, not more government.)
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To: God luvs America

It’s pretty easy to lower the unemployment rate when you just quit counting millions of people without jobs as unemployed.


8 posted on 01/09/2015 6:10:55 AM PST by circlecity
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To: FlingWingFlyer; God luvs America
5.6%. LOL! Yeah! Right.

It is right and we have to deal with it.  It's also irrelevant and the leftists have to deal with that.  The rest of the BLS report shows

--that while the number of employed increased 111,000, the population increased 183,000 and the labor force shrank 456,000.  Figures don't lie but liars figure; we may be better off a tad but we're still far worse off than we once were and where we should be by now.

9 posted on 01/09/2015 6:11:51 AM PST by expat_panama
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To: jdsteel
You said...
“I’ve been hearing the left crow about the length of time that this recovery is taking. The slowest, weakest recovery since the great depression. It’s like being proud that it has taken twice as long to get over the flu and you are still not feeling well enough to go to work.”

The recovery is sluggish because of things like ObamaCare and all the regulations coming out of DC. Repeal ObamaCare and simplify the tax code would help. The drop in wages isn't good.

10 posted on 01/09/2015 6:13:32 AM PST by LMAO (("Begging hands and Bleeding hearts will only cry out for more"...Anthem from Rush))
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To: jdsteel

That’s what they do, see the Great Depression.

Meanwhile, Reagan didn’t get a break from them when his recovery took 2.5 years or so.

They keep telling us how bad it was during Bush. It was only bad for me during the last quarter of Bush, besides the 6 weeks 4.00 gas.

Six years of this current POS have been economic hell and they’re proud of it.


11 posted on 01/09/2015 6:15:31 AM PST by CommieCutter
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To: God luvs America

Yay! All Hail obamao!


12 posted on 01/09/2015 6:17:04 AM PST by uncitizen (2015 Here we come!)
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To: expat_panama
Among the major worker groups, the unemployment rate for adult women (5.0 percent) decreased by 0.2 percentage point in December, while the rates for adult men (5.3 percent), teenagers (16.8 percent), whites (4.8 percent), blacks (10.4 percent), and Hispanics (6.5 percent) showed little change. The jobless rate for Asians, at 4.2 percent (not seasonally adjusted), changed little from a year earlier. (See tables A-1, A-2, and A-3.)

The civilian labor force participation rate edged down by 0.2 percentage point to 62.7 percent in December. Since April, the participation rate has remained within a narrow range of 62.7 to 62.9 percent. In December, the employment- population ratio was 59.2 percent for the third consecutive month. However, the employment-population ratio is up by 0.6 percentage point over the year. (See table A-1.)

13 posted on 01/09/2015 6:17:15 AM PST by kabar
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To: God luvs America

MSNBC should hire Gruber.


14 posted on 01/09/2015 6:18:35 AM PST by uncitizen (2015 Here we come!)
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To: God luvs America
Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million...
15 posted on 01/09/2015 6:22:16 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: God luvs America

The worst part of this entire charade is that those who WANT to work, find themselves having to work two and three jobs to make less than they were making, when working one job just seven years ago! But, hey! The Obama Administration says everything is coming up roses!!


16 posted on 01/09/2015 6:22:55 AM PST by ExTxMarine (PRAYER: It's the only HOPE for real CHANGE in America!)
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To: kabar

17 posted on 01/09/2015 6:26:15 AM PST by expat_panama
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To: God luvs America

Strong?


18 posted on 01/09/2015 6:28:49 AM PST by Pikachu_Dad (Impeach Sen Quinn)
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To: God luvs America

So here’s my son’s dilemma. He used to work as a pizza driver if he were between jobs. The boss would give 36-38 hours a week and it was the best way for a young man to pick up fast and decent money to carry him through until he could get something solid.

He’s doing this now. But he’s only getting 6-10 hours. The most anyone is getting is 17.

Why? Companies can’t go over the magic 20 hours before benefits kick in (thanks to Obama), so now minimum wage jobs won’t give you the hours.

The only way to get by is to have two-three min wage jobs, but then the schedules start to conflict. Bosses want their employees to be available.

It’s a real frustration all the way around.


19 posted on 01/09/2015 6:29:21 AM PST by Marie
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To: bray
actually these lower oil prices are making jobs

For sure, but is it low-wage part time jobs replacing what were excellent jobs in oil and manufacturing?

20 posted on 01/09/2015 6:33:16 AM PST by grania
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