This will be reported on NONE of the MSM evening news programs this evening. We'll have to hear more about Bob Woodruff and how it's Bush's fault he was injured.
The sad thing is that it should be even lower - if real conservatives ran Washington and reduced taxes even more and cut spending, there would be even more investment $$s out there helping to create more jobs.
I also blame the socialist policies of most states and cities - just look at Detroit and the overall state of Michigan.
"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.
Most excellent news.
Sorry Dems. I guess tax cuts DO work!
687000 new jobs in three months! That is very good.
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.
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.
This will either be reported as bad news or not reported at all in the MSM.
Watch the left freak out as the deficit falls this year. The tax cuts are helping the American people create jobs and thus a greater tax base. They are indeed revenue generators. If the republicans in congress can reduce the rate of growth in spending, the deficit will be a lot lower than current projections
And yet, because it is is being screamed as less than predicted, the stock market is falling like a rock! 4.7 unemployment and the media screams we have a bad economy. And the spineless on wall street cave and fold.
hehe
The White House did not comment on the disappointing economic news. The new unemployment numbers fell short of President Bush's projections for this quarter.
It's the fault of outsourcing to china and india.
It's the fault of illegal immigration.
It's lincoln chaffee's fault.
It's Schwarzenner's fault.
It's Delay's fault.
It's globalization's fault.
It's free trade's fault.
It's Alito's fault.
It's Bush's fault.
It's McCain's fault.
It's the gang of 14's fault.
It's the fault of tax cuts.
Wait a minute, even those have been takin' ovuur by the illaygal Mexcuns.
Bush is Rooonin' our economy through outsourcin' and free trade! We need 2 go back 2 wen we-yall lived in row houses near filthy factories!
Does anyone know what the lowest ever job rate is?
IOW, the actual total of unemployed is understated because the BLS exluded them from the labor force.
Hello New Yorker 77,
Great News.......
then I'm jumping around the net and I get to the RASMUSSEN site and today's update, which is average of last three days (moving poll) and has the following:
Americans - 35% say US economy in RECESSION
Investors - 26% say US economy in RECESSION
FIGURE THAT !!!!!