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Unemployment rate dropped to 4.7% in January - 193,000 New Jobs
February 3, 2006

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


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: bushsfault; economy; jobs; thebusheconomy; unemployment; wgids
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To: new yorker 77

"Employment in service-producing industries, which include retailers, banks and government agencies, rose 135,000 last month after rising 131,000 in December, the report showed. The increase was led by education and health services.

Warm weather helped builders in January, and the economy added 46,000 construction jobs after a 5,000 gain in December. Last month was the warmest January in 112 years, according to Weather Trends International, a Plymouth Meeting, Pennsylvania- based weather consulting firm.

Manufacturers added 7,000 jobs last month, after cutting 1,000 positions in December. The manufacturing workweek held at 40.8 hours for a third month and overtime held at 4.5 hours."

http://www.bloomberg.com/apps/news?pid=10000103&sid=aAFvq9gyYuxI&refer=us

Not rain on the back-patting, but I hardly see education, service and government as cause to cheer. More non-productive weight. Maybe we can export some bureaucrats to China this time.


41 posted on 02/03/2006 6:20:38 AM PST by OpusatFR
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To: Rparr28922
They don't even look at the people that are still without a job after there unemployment benefits run out.

That is incorrect. If you are actively looking for a job even after your unemployment benefits run out you are counted as unemployed by the Bureau of Labor Statistics. How the Government Measures Unemployment. If, on the other hand, you are neither working nor looking for a job you are not considered part of the labor force. The government surveys 60,000 households each month to get their statistics.

42 posted on 02/03/2006 6:20:50 AM PST by KarlInOhio (During wartime, some whistles should not be blown. - Orson Scott Card)
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To: Rparr28922

Let me guess, airline industry?


43 posted on 02/03/2006 6:22:23 AM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: frankjr; Howlin; onyx; Ernest_at_the_Beach; devolve; PhilDragoo; BOBTHENAILER; tubebender
Excellent!

Hi, I'm Tim Kaine. "The Democrats have a better way on jobs." Whenever, I'm lying, my left eyebrow twitches up and down!


44 posted on 02/03/2006 6:25:08 AM PST by Grampa Dave (The NY Slimes has been committing treason and sedition for decades.)
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To: new yorker 77

Most excellent news.


45 posted on 02/03/2006 6:25:30 AM PST by jveritas (Hate can never win elections.)
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Comment #46 Removed by Moderator

To: new yorker 77

F*** the forecasters. They never get their predictions right and they get paid all this money to come up with wrong analysis! Forecasters are a big problem in our free market economy and they are the one who are way overrating the oil crisis and hence driving the price of a barrel of oil at least $ 15 dollar more than its real value. They are bunch of overblown arrogant buffoons and they must be dealt with.


47 posted on 02/03/2006 6:33:50 AM PST by jveritas (Hate can never win elections.)
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To: new yorker 77

Sorry Dems. I guess tax cuts DO work!


48 posted on 02/03/2006 6:35:06 AM PST by libertarianPA (http://www.amarxica.com)
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To: Rparr28922

'I have been unemployed for 1 1/2 years'

You're not a muslim airline pilot by any chance are you? ;-)


49 posted on 02/03/2006 6:37:27 AM PST by albionvectis
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To: gathersnomoss

MS Explorer -- Right click picture, "save picture as..."
Firefox -- Right click picture, "save image as..."


50 posted on 02/03/2006 6:37:45 AM PST by CedarDave ("There is a difference between responsible criticism that aims for success, and defeatism...W - SOTU)
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To: new yorker 77

687000 new jobs in three months! That is very good.


51 posted on 02/03/2006 6:44:42 AM PST by jveritas (Hate can never win elections.)
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To: Rparr28922
I currently hold my associates in computer science.

What did you do in your previous place of employment and in what region of the U.S. did you work?

52 posted on 02/03/2006 6:49:17 AM PST by frogjerk (LIBERALISM: The perpetual insulting of common sense.)
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Comment #53 Removed by Moderator

To: frankjr

We could add 50 million jobs in one month and the MSM would still find some expert who predicted we should have added 60 million jobs.


54 posted on 02/03/2006 6:53:46 AM PST by mainepatsfan
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To: Lunatic Fringe

I have to laugh when the Dems keep using Herbert Hoover. Talk about an old play book!!


55 posted on 02/03/2006 6:55:02 AM PST by mainepatsfan
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To: Rparr28922

Actually, you just need to get out of the Blue State that you're in. (PA)

The job market is booming down here in the business-friendly, low-tax, common-sense South. Here in Texas, there's lots of jobs open.


56 posted on 02/03/2006 6:55:29 AM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: eraser2005

Oops.... that should have read "oct-nov was revised upwward by 49k)... they did revise september and october downward, though.. had that right... but I've never seen them revise numbers this far after the fact before...


57 posted on 02/03/2006 6:59:51 AM PST by eraser2005
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To: Rparr28922
You'll get some smug replies, all right.

You may need to retrain for a new career -- yep, it's tough, but can be done.

58 posted on 02/03/2006 7:00:07 AM PST by banjo joe (Work the angles. Show all work.)
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To: new yorker 77

Bush' fault.

BTW, my college econ prof in the 80s told us that 6 percent unemployment was the "theoretical full employment" because of people being in between jobs and moving in and out of the workplace.

So being 1.3 percent BELOW full employment is not bad.


59 posted on 02/03/2006 7:00:21 AM PST by Mr. Brightside
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To: new yorker 77

Its a damn good thing payrolls didn't come in at +250k.

A few months of that and Bernanke might start taking 50 basis points a shot. They say he is a stickler, and will have strict inflation targets.


60 posted on 02/03/2006 7:03:12 AM PST by RWR8189 (George Allen for President)
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