Posted on 02/05/2016 6:59:01 AM PST by John W
WASHINGTON (MarketWatch)- The pace of hiring in the U.S. tapered off in January, but wages rose sharply and the unemployment rate dipped below 5% for the first time since 2008 in a mixed report that adds little clarity about the health of the economy
The U.S. added 151,000 nonfarm jobs in the first month of 2016, the Labor Department said Friday. Economists polled by MarketWatch had expected job creation to slow to 180,000 after big gains at the end of last year.
The smaller-than-expected increase in jobs could add to growing worries about a weakening U.S. economy and even the possibility of recession. Yet the January jobs report also offered some good news to suggest the labor market remains healthy enough to keep the economy moving.
(Excerpt) Read more at marketwatch.com ...
Now, about that labor participation rate and the number of Americans...excuse me....residents of America....who are on food stamps, welfare, and other forms of subsistence.
4.9%, what a joke. Just wait. If a repub takes the White House, the rate will uptick like you can’t believe to where it actually is. This data is seriously cooked. The bad thing is the FED is relying on this data for rate hikes. This time next year, we could be in a serious depression.
100 million unemployed.
19 Trillion in debt.
The few job gain their were in the last 7 years went to illegals.
Those are the real facts.
Hmm what happened to the old rule that the economy had to add 200,000 jobs per month just to keep up with new participants entering the work force?
since they’ve been playing fast and loose with the numbers, then only number that matters now is the participation rate
A depression? With FULL Employment? Not while Obama’s in office!!!
I can’t believe (but I do) the media still reports on the meaningless unemployment number that bears no resemblance to, you know, actual unemployment rates!
I mean the rate is right, if one doesn’t care about the millions who are so discouraged that they stopped looking for work, and have been discouraged for the last 7-8 years!
4.9% unemployment is pure BS.
No, I think using the govt methodology it’s correct.
Caliph Baraq has made it pretty rewarding to shun work in the USA.
Here in the midwest there are help wanted signs all over the place. They are min wage 29er type jobs that folks simply find uneconomic to take.
1M jobs lost every 4 weeks (see 4 week rolling average for new claims) and 151K new waiter jobs drops the rate? No wonder we have 9 months in a row of record setting background checks!
Where’s that gif of Taylor Swift saying ‘ok, riiiight’?
Fact: There have been zero net jobs added since OZero took office. These numbers are a lie. Most “new jobs” have been part-time and/or under-the-table positions for illegals. The real unemployment rate is solidly in double digits.
Remember: The stock and housing markets crashed in 2008 when it became apparent that the communist Kenyan usurper would be elected. That was a very rational response by the markets. Economically, things have only gotten worse since then. The upsurge in the market in recent years was caused by secret equity purchases by the Fed using newly printed money. Every now and then, the Fed backs off and the market drops 1,000 points (as it did recently). It will jump in again soon to protect the legacy of Dear Leader. But this cannot go on forever. We are already seeing signs of hyperinflation. Expect China to start dumping dollars very soon.
19 Trillion in debt.
The few job gain their were in the last 7 years went to illegals.
DC is paying people not to commit crimes.
American employees can't work without checking their cell phones every 5 minutes.
The Fed cuts some 100,000,000 checks per week so welfare is too big to fail and congress has lost the power of the purse due to fear of rioting.
For example, in the 1930's and prior to the development of GDP, the Government measured national income. So the government spent and spent until about 1937/38 when the National Income hit the target! Then the government cut spending and national income dropped. So the issue was not the figure but how the policy makers interpreted the results and impact on the country.
Another example is China's GDP. Local officials actually get bonuses on GDP results and as such spend and borrow a lot to construct cities. The result, empty ghost cities and loads of local debt.
Then there is the US unemployment rate. Excellent results but the economy is stalled. Why, because it only measures the unemployment rate of the defined workforce; it tells us nothing about the broader employment market.
Sooooo, fewer jobs are being created, but more people are employed?
R-r-r-r-r-ight.
“We are already seeing signs of hyperinflation. “
Not sure about this but it is coming if the gov/fed continues unchecked.
Thank you. You answered the question before I got a chance to ask it, LOL.
As for the serious depression, it is certain if the magic Negro actually tries to launch "Stimulus 2"
But all his cronies and gibesmedat buddies are happy at this last robbery of the national treasury.
Working net Income tax paying American non-government employees? Not so much. What an ignorant dork, immune to experience.
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