Skip to comments.Unemployment rate dropped to 4.7% in January - 193,000 New Jobs
Posted on 02/03/2006 5:36:15 AM PST by new yorker 77
Unemployment Falls to 4.7%
January +193,000 Jobs
December +140,000 Jobs - A 32,000 Upward Revision
Worst economy ever...
Check out this Reuter's headline:
"Jan jobless rate drops, job growth disappoints"
The democrats will say that more people have given up trying to find work. Don't you know this is the worst economy since the depression?
Dims: NOT Bush's fault!
Damn McDonalds, employing all those people. Damn Bush economy!
John Kerry's Hooverville dreams are being undermined.
Forecasters called for a higher number for today. Therefore, the MSM will LIE this report into a bad news story.
We can always count on Reuters to put the negative spin on a positive story.
Clinton could do better. Ask Tim Kaine.
It seems to me that the unemployment-inflation relationship has now been optimized.
Time to start working on the trade imbalance
LOL...an especially ridiculous headline in light of the following gem that Reuter's buries at the bottom of the article:
"Previously, the department said 108,000 jobs were created in December but it pushed that up to 140,000 and it said that, in November, 354,000 jobs were created rather than the 305,000 it reported a month ago."
should be Breaking, we need to cheer this good economic news as Bush travels and makes speeches on the same subject.
U.S. Economy Adds 193,000 Jobs in Jan.; Unemployment Rate at 4.7%
Friday, February 03, 2006
WASHINGTON U.S. employers added a smaller-than-forecast 193,000 new jobs in January but job growth in each of the five prior months was pushed up as part of a broader annual revision of the Labor Department's statistics collection, a government report on Friday showed.
The monthly report showed the January unemployment rate dropped to a 4-1/2-year low 4.7 percent from 4.9 percent in December. The last time the rate was lower was in July 2001 when it was at 4.6 percent.
Economists had forecast that 240,000 new jobs would be created in January and that the unemployment rate would be unchanged at 4.9 percent.
Average hourly earnings rose to $16.41 in January from $16.34 in December. In the 12 months through January, earnings have risen by 3.3 percent, the largest for any 12-month period in nearly three years, since February 2003. The wage data is likely to fan concerns that steady job growth is pushing up demands for wage rises and that could help foster broader inflation.
Previously, the department said 108,000 jobs were created in December but it pushed that up to 140,000 and it said that, in November, 354,000 jobs were created rather than the 305,000 it reported a month ago.
I expect an article from PCR pretty soon...
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