alert.unemployment rate creeping back up, jobs created down (to be further revised down later when no one is looking)
welcome to the Obama recovery! *lol*
how UNEXPECTED !
*drink!*
I’ve heard it said that job hunting is a full time job. Are they including that now?
I guaran-damn-tee you that if Mitt Romney had been victorious in November, the unemployment rate would be going down.
Rapid analysis from Business Insider:
The jobs report is out for January, and on the headline it’s a slight miss.
157K new jobs is below the consensus estimates of 165K.
The unemployment rate ticked up to 7.9%.
But the report had a lot of good news as well. Last month was revised higher, from 155K to 196K.
And November was revised even higher, from 161K to 247K!
Those are some seriously impressive revisions.
Once again, public sector employment continues to be a drag. Another 4.7K jobs were lost in local government education.
Good news comes from average hourly wages, which grew 0.2%, ahead of the 0.1% that was expected.
Read more: http://www.businessinsider.com/the-january-jobs-report-2013-2#ixzz2Jegu1e7e
Looking at the specifics on bls.gov, Obama’s economy seems to be targeting White men....the unemployment rate for them went from 6.2 to 6.6.
Black men saw their unemployment rate drop from 14.0 to 13.4.
Racism.
alert.Good time to disband the Obama Jobs Council. It was working so well anyway.
Paying people to stay at home to not work results in people staying at home not working.
Who would have knew?
‘Ministry of Plenty Alert’ *SNORT* Love it.
This bowl of porridge is too cold.
This bowl of porridge is frozen solid.
This bowl of porridge is a little below lukewarm and kind of nasty, but I guess it will have to do.
More people out of work than ever before and the unemployment rate goes down - I guess Rush was right; Zero really is the Magic Negro..
Analysis from Morgan Stanley:
* Mixed report. The payroll results for January were mildly disappointing and the unemployment rate ticked up slightly due to weakness in then household survey measure of employment. However, there were sizeable upward revisions to payroll employment in prior months.
* In fact, the level of payrolls in December 2012 was revised up by 647,000. This reflected the impact of both the annual benchmark revision and the normal monthly adjustments. So, average employment growth over the last three months is now +200,000. And, the average monthly
pace of job growth since March 2011 is now +175,000 — which is about 25,000 higher than previously reported.
* However, it’s important to note that much of the upward revision to employment over the past couple of years was offset by a lower workweek. The index of house worked for December was only slightly higher than previously reported (97.2 vs. 96.9).
* The only notable surprises in the January payroll results included weakness in temp help (-8,000) countered by some upside in retail trade (+33,000). Meanwhile, unusually mild weather appeared to provide some support for construction (+28,000), as expected. However, manufacturing hours were disappointing pointing to sluggishness in January industrial production.
* The uptick in the unemployment rate in January (to 7.92%) was attributable to a 110,000 decline in the household survey measure of employment. The household tally is based on a relatively small sample size and thus can exhibit considerable monthly volatility, but this marks the third consecutive months of disappointing employment results in this survey.
* The labor force participation rate held steady at 63.6% and continues to show signs of leveling off after some big declines in prior years. If the participation rate holds steady and job growth continues to run at +175,000/mo, the unemployment rate won’t hit 6.5% until early 2017.
Alternatively, if job growth runs at 200,000 per month and the participation rate holds steady, the unemployment rate would hit 6.5% in January
2015.
* The labor market is showing signs of some gradual healing but insufficient demand and lingering policy uncertainties should continue to act as headwinds, leaving average monthly job gains stuck near +175,000 in 2013.
No Evidence of a Pause
Even more attention than usual was focused on the January employment data following the surprising 0.1 percent drop in fourth quarter GDP reported earlier this week. Any concerns that the disappointing GDP number was a harbinger of a more serious slowdown were likely allayed by this morning’s numbers. Nonfarm employment increased by 157,000 jobs during the month, with gains evident across most key sectors. December’s job gain was also revised up to 196,000 net new jobs. Private sector job growth was a little stronger than that, with payrolls rising by 166,000 jobs in January, following gains of 202,000 jobs in December and 256,000 jobs in November. The bottom line is that from an employment perspective, January was pretty much a ‘steady as she goes’ kind of month. The start of the year is always a tricky time to assess the job market. The Bureau of Labor Statistics (BLS) makes a number of adjustments to their calculations to incorporate new seasonal factors, improved “hard” employment data and better population estimates. We also have to deal with the reversal of temporary holiday hiring and this past year’s fiscal showdown. By most accounts the impacts from all of these factors were fairly minimal. Job growth remains on virtually the same path that it was on previously and key trends, like the budding recovery in residential construction, are still evident in the underlying data. Manufacturing also continues to rev up, with much of the lift coming from the motor vehicle industry.
Benchmark Revisions Reveal Stronger Job Gains
January’s employment report also contained revisions to the prior data dating back to March 2011. The new data have been revised to a March benchmark from the Quarterly Census of Employment and Wages and show that hiring has been stronger than the previously reported pace of around 150,000 jobs a month to a pace of around 180,000 jobs per month. With the revisions the recovery looks m durable. The stronger pace of hiring may also help explain how the economy successfully navigated around the uncertainty and fiscal cliffhangers over the past couple of years. The BLS also incorporated their annual population adjustment to the household survey. The change had little impact on the data. The unemployment rate rose 0.1 percentage point in January. The labor force participation rate and the employment-population ratio were both unchanged during the month at 63.6 percent and 58.6 percent, respectively. While the unemployment rate rose slightly in January, the jobless rate remains 0.4 percentage points lower than it was one year ago. Moreover, the number of people out of work for six months or longer has declined nearly 15 percent over the past year, falling from 5.5 million to 4.7 million.
They are such liars in this administration, cant believe a word of any of their reports. Never has been anything like this, Obama adm makes the father of lies look like???
well these numbers are good right? they look good to me.