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US added just 151k jobs in January; unemployment at 4.9%
Johnson City Press via AP ^ | 02/05/2016

Posted on 02/05/2016 8:18:58 AM PST by SeekAndFind

The U.S. economy added 151,000 jobs in January, a slowdown from recent months but still a sign of a solid job market. Employers raised pay, more people felt confident enough to look for work and the unemployment rate dipped to 4.9 percent, its lowest level since 2008.

Friday's report from the Labor Department showed that the job market remains a vital support for an economy that is struggling in areas such as manufacturing and is facing weakness overseas. It provides a key piece of evidence for the Federal Reserve, which is weighing whether to raise interest rates again after lifting them from record lows in December.

The January hiring gain, though modest, followed robust job growth of 280,000 in November and 262,000 in December. Last month, companies shed education, transportation and temporary workers but hired others in manufacturing, retail and food services.

Aside from the slowdown in overall hiring, economists were encouraged by most other aspects of the report.

"Positive job growth, the drop in the unemployment rate to 4.9 percent and the uptick in wages show the U.S. is heading in the right direction," said Beth Ann Bovino, U.S. chief economist at Standard & Poor's.

The January job growth comes at an uncertain time for the U.S. economy, which some analysts say is facing a growing risk of recession within the next year or two. Global financial pressures and a volatile stock market have curtailed growth. Still, American consumers have shown resilience.

The number of people working or searching for jobs rose last month, while the number of unemployed slipped from 7.9 million to 7.8 million, which caused the unemployment rate to dip from 5.0 percent.

(Excerpt) Read more at johnsoncitypress.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: jobs; unemployment
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1 posted on 02/05/2016 8:18:58 AM PST by SeekAndFind
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To: SeekAndFind

Wow! Maybe we’ll be down to 0.0% unemployment before Obama’s term is up. If so he should run a 3rd term!


2 posted on 02/05/2016 8:20:49 AM PST by navet97
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To: SeekAndFind

Soon Obama will add - to the unemployment rate like Golf


3 posted on 02/05/2016 8:21:00 AM PST by butlerweave
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To: SeekAndFind

Of course nobody will point out that most of them are “McJobs.”


4 posted on 02/05/2016 8:21:22 AM PST by dfwgator
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To: dfwgator

McJobs and Clinton shills.


5 posted on 02/05/2016 8:23:02 AM PST by Fhios (circa 2016: Truth will be outlawed unless pre-approved.)
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To: SeekAndFind

Lairs!


6 posted on 02/05/2016 8:23:22 AM PST by Lopeover (2016 Election is about allegiance to the United States)
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To: SeekAndFind

And the market goes SO WHAT? It looks like all phases of the economy are tired of the obungo song and dance.


7 posted on 02/05/2016 8:23:57 AM PST by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
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To: dfwgator

Don’t worry, the term ‘McJobs’ and “part time” will be back in the media lexicon soon after a Republican is president.


8 posted on 02/05/2016 8:24:45 AM PST by Right Brother
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To: dfwgator
Of course nobody will point out that most of them are "McJobs."

Unless a Republican is elected in November. Then in February 2017 "McJobs" will be in the body of the thousands of "news reports" about how unemployment surged from 4.9% to 24.9% in one month of a Republican presidency.
9 posted on 02/05/2016 8:25:05 AM PST by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: SeekAndFind

Wow! The fewer jobs created the less the unemployment rate! Who knew?


10 posted on 02/05/2016 8:26:47 AM PST by 17th Miss Regt
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To: SeekAndFind

after a new republican president in sworn in, the UE rate will mysteriously rise and rise to at least triple


11 posted on 02/05/2016 8:27:57 AM PST by Undecided 2012
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To: LostInBayport

Post#8. Beat ya by 15 seconds. GMTA.


12 posted on 02/05/2016 8:28:07 AM PST by Right Brother
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To: Fhios; Right Brother; dfwgator

70% Of Jobs Added In January 2016 Were Minimum Wage Waiters And Retail Workers


13 posted on 02/05/2016 8:29:24 AM PST by SeekAndFind
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To: SeekAndFind
The chocolate ration has increased to 25 grams, from 30 grams!

Rejoice, comrades!

14 posted on 02/05/2016 8:29:38 AM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: SeekAndFind

How many people are no longer part of the official “workforce”? Last I checked, that number was at a record high.


15 posted on 02/05/2016 8:30:03 AM PST by NorthMountain ("The time has come", the Walrus said, "to talk of many things")
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To: SeekAndFind

They never mention the U-6 number... How odd....


16 posted on 02/05/2016 8:31:28 AM PST by datura (Proud Infidel)
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To: navet97
Wow! Maybe we'll be down to 0.0% unemployment before Obama's term is up. If so he should run a 3rd term!

When 0Muslim tacks on that $10 "fee" per barrel of oil, unemployment will go NEGATIVE.

Everyone will work 4 jobs, for the glory of The State!

17 posted on 02/05/2016 8:31:42 AM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: SeekAndFind

If unemployment is at 4.9% then I’m worth 16 billion dollars.


18 posted on 02/05/2016 8:31:54 AM PST by skeeter
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To: LostInBayport
...about how unemployment surged from 4.9% to 24.9% in one month of a Republican presidency.

But the lumber industry should pick up immensely as wooden crosses are manufactured en masse for burning on the lawns of blacks and slave labor camps are built for immigrants, women and children of color, homosexuals and trangender oppressees.

19 posted on 02/05/2016 8:32:40 AM PST by 17th Miss Regt
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To: NorthMountain

And that’s why it doesn’t feel like the UE rate is 4.9%. The economy is lackluster, even after a decade of near zero interest rates.


20 posted on 02/05/2016 8:33:34 AM PST by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
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