Posted on 02/05/2016 1:16:06 PM PST by Rockitz
WASHINGTON (Reuters) - U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm.
Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a percentage point to 4.9 percent, the lowest since February 2008, the Labor Department said on Friday. The payrolls gain was a sharp step-down from the average 231,000 jobs per month during the fourth quarter.
"The fact that payroll gains fell back to earth is not necessarily a bad sign. Most indications are that the job market in the U.S. is on solid footing and improving," said Nariman Behravesh, chief economist at IHS in Lexington, Massachusetts.
Economists had forecast employment increasing by 190,000 in January and the jobless rate steady at 5 percent. The economy added 2,000 fewer jobs in November and December than previously reported.
(Excerpt) Read more at ca.news.yahoo.com ...
Wow, the propaganda is strong with this one.
BS!
“solid ground”, who wrote this, Hillary’s campaign manager?
Lucia the loser!! These ppl clearly do not know they are stupid.
The propagandists in the government have worked overtime to make this number absolutely worthless....
What a bunch of horsesh
You mean , Obama Droppings
Boiled books for dinner tonight! Yummmmmm!
when W was president, 4.9% was near full employment and to fill the unfulfilled jobs, Mexicans came flowing in
Look at the numbers in detail and you will see that roughly 120,000 of the 155,000 total jobs added were in restaurant/hospitality and retail sales.
Hardly a blip in manufacturing or skilled workers.
That is not a sign of an improvement in the overall economy.
Can you imagine anyone on the Titanic looking at the down bow and heavy list and scoffing at the idea that the ship was sinking. THAT’S where we are, folks.
Yep. We have government enforced insanity.
Taqiyya.
BWAHAHAHAHAHAHAHAHAHAHAHAHAHA!
The rider and the ridden are reversed in that picture.
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