Posted on 02/07/2014 5:41:02 AM PST by John W
WASHINGTON—The labor market in January registered weak gains for the second straight month, a slowdown that could heighten fears about the economic recovery and may lead some to call on the Federal Reserve to reconsider its easy-money strategy.
U.S. payrolls increased by a seasonally adjusted 113,000 in January, the Labor Department said Friday. Job growth improved compared with December's gain, which was revised up by just 1,000 to 75,000, but was well below last year's average pace. The November increase was recast up by 33,000 to 274,000.
The unemployment rate, obtained through a separate survey, fell to 6.6% last month from 6.7% in December, the Labor Department said.
(Excerpt) Read more at online.wsj.com ...
(imho) both deflation and inflation are different sides of the coin. Both sides of the coin (deflation and inflation) are losers (imho).
I do believe the only way out of the current mess is reform to the tax code making the tax code business and family friendly. Don’t see government reforming the tax code though unless government reforms it to take more ... as was done with obamacare. Just my opinion.
I think you both are misunderstanding where I’m coming from. It’s not just the statistics a person should question but the government and its motives as well.
Is this not a conservative site? It sucks I have to explain this here but here goes.
It was just the other day the owner of this place defined what this place is and one of the things he posted was standing for limited government. That’s why I’ve enjoyed reading at this place for so long. Even our Constitution was set up for a limited government in place.
The sad thing is we’ve trampled on our Constitution for so long that we have a big, powerful, intrusive government in place. Now, it’s big and bloated, have a massive debt for generations to come just to keep the big government statist dream alive. We’ve sacrificed our children’s future for that dream that is nothing more than a big lie.
We now have a government that is big and powerful enough to lie and deceive, be corrupt and abusive. The democrat party, liberal repubs, obummer, Benghazi, the IRS scandal, Fast & Furious are just a few examples of the abusers and corruption to those who oppose their big government dream.
As I’ve come to understand, this place represents the opposite of that, which is a defender of our freedoms and liberties. There is a reason our founders feared big government and that is why we have a Constitution. There is not one reason, as conservatives, that we can’t question big government and their motives. Especially given the corruption and abuses we all have witnessed in recent times.
I have battled a lot of liberals over the years, deep down they are nothing more than statists, looking to and trusting their government to be the end all. We have a whole culture that has been raised this way and once in awhile, I see it here. There is nothing wrong not trusting the government and what it is doing. Personally, I believe it’s all about preserving government power, regardless of party. I would think you two, as conservatives, understand questioning it, given all the corruption going on these days. Celebrating what the government is putting out, given all the corruption going on, is what makes me question your motives.
CCato
As long as some folks, even some Freepers, are making money none of that matters to them one iota.
Well, seeing that I’m barely keeping afloat, your comment does not apply to me.
Same here.
Troll somewhere else.
My favorite idea is to repeal Obamacare.
Even if that would make you sad.
Also assume a nominal working aged population of 125,000,000:
0.0009040000 = 00.09%
Quite the testament to halfricanomics !
That's showin'em, Barry Boy !
GOP offers trust corporate America and Wall Street bankers to do what is in the interest of the American people. No need for gov to monitor their efforts to cheat the people and corrupt officials. More high tech transfers to Chinese industries in exchange for low cost manufacture of high tech goods. So what the PLA access the advance technology to build weapons that may kill blue collar American soldiers. Wall Street want more Fed Reserve loans and access to savings accounts which will be used as collateral for leveraged 1 dollar down for 60 dollars worth of stock bets on the options market. If anything goes wrong, the taxpayers will bail them out. At least the Tea Party senses something wrong with corporate America but the GOP-e with the Chamber of Commerce declared war on the only group of Americans who understands that big business and big gov is the enemy of America. American unemployment will be solved with more H-1B workers and amnesty for illegal immigrants. Somehow a poor immigrant has the cash to create six jobs for Americans according to the Chamber of Commerce.
The only thing I am certain of is this. If you had a 40 hour a week job earning twenty dollars an hour which you lost and now you are working three part time jobs which total 30 hours a week earning an average of nine dollars an hour you will be counted as three jobs now whereas you were counted as one job before. I don’t think there is any doubt whatsoever on that. The TRUE unemployment rate is WORSE than it was during most of and maybe ALL of the “great depression” of the thirties. The percentage of people who are surviving solely on government handouts is MUCH, MUCH higher than during the thirties. The percentage of people who have not one clue how to make it on their own is INCREDIBLY HIGHER, I would not even try to estimate it but it is EXTREMELY high. We have a lot of people depending on their parents for support at an age when people used to be looking forward to their first grandchild if they did not already have one or more.
A few things that have me confused: How accurate are descriptive statistical comparisons of historical economic data (the 45 years prior to 2008) to the data of the current recession? In any statistical comparison, we have to assume some general level of constant variables in order to compare change over time. Comparing non -QE epochs to our current QE period is comparing apples to oranges. When in our nation’s history have we injected $65 billion per month, and what do we compare that to in order to see “progress?” We can only assume progress if we assume that QE is a definitive method of getting out of this particular recession. As another poster stated, we are in uncharted territory. Has any nation ever printed its way out of a recession? If not then everything is pure speculation, regardless of what the statistics state.
Whenever a tem series methodology is changed they change history sot hey are comparable.
As far a QE it is the mechanism for meeting demand for liquidity. Just as when you have inflation you drain liquidity (inflation is too much money changing after too few goods) by selling bonds. “Printing” money, in and of itself, is not inflationary. It is dependent upon demand which today is massive. Just look at velocity.
To compare government statistics to Benghazi, IRS, Fast and Furious and Obamacare is just stupid. These statistics have been around for decades under president like Reagan and bush. You just make a fool of yourself with comments like this.
The economic stats are reflective of what is going on in there market. Using them to make investments and make money is the epitome of capitalism. Not to mention if you just bury your head in the sand and scream “LIES” in the face of mountains of data you would have missed out on massive returns. That’s just foolish.
Once again, you fail to get the point. It’s about trustworthiness of a big, bloated, corrupt, abusive government, hell bent on preserving itself, which in itself is an assault on our freedoms and liberties, is what I’m talking about. Are you sure you are even a conservative?
CGato
The problem is that you are getting heavy inflation in key sectors that affect everyone (energy, food, other consumables, and other necessities). The only deflation you see is in the housing market and durable goods that are not necessities.
Progressive Trolls Daily Mantra
1. Wake up and say “Progressives are people too” 100 times
2. Make sure mom pressed today’s footy pajamas
3. Eat breakfast and fresh Kool Aid
4. Watch President Obama’s Historic Inauguration Part 1 and Part 2
5. Eat lunch - make sure mom cuts off the CRUST!!
6. Read OFA daily email update and look for paycheck deposit
7. Say the prayer ‘Obama is our lord and savior’ and bow to Washington D.C.
8. Go to Breitbart and enlighten the stupidheads
Remember to use best zingers: T e a b a g g e r, LOL, Bush, Sarah Palin, Fox = Faux, Koch S u c k e r s
9. Don’t Cry. Everybody loves Obama. They’re lying!!! Remember that!
10. Snuggle with President Obama blankie and nap
11. Eat dinner - tell mom not to burn the mac and cheese again!!!
12. Watch Mr. Maddow on MSNBC (he’s so handsome!)
13. Get nite nite snack - tell mom to get new Nilla cookies
14. Watch President Obama’s Historic Inauguration Part 1 and Part 2
15. Practice making eye contact with a girl picture
Yes, praise Alla..er...Obama!
He has saved us via ObamaCare from job lock.
Now, umemployed courtesy ObamaCare, one has more time to reading stories to the (hungry courtesy Obama) kids, dumpster dive...er..save the Earth via recycle full time, and wish one had money for Christmas and Birthday presents for the kids, which (all praise Obama’s ObamaCare) one no longer has.
But while no job and no money, at least one has HealthCare.Gov (until 4th rate identity thieves steal id’s and hack the bank accounts, credit cards, etc).
Hhhmmm...no job, no money...how to pay the new much higher Premiums, deductibles and co-pays...when one is lucky enough to find a doctor accepting the much reduced ObamaCare payments?
i.e. One guy I know: $235/month pre-ObamaCare. Obama care: $409/month.
This “Administration” that lies about everything else,
is 110% honest and accurate about the job numbers.
(here, have another cup of koolaid)
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