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U.S. gains 257,000 jobs in January; unemployment 5.7%
marketwatch.com ^ | February 6, 2015 | Jeffry Bartash

Posted on 02/06/2015 5:42:28 AM PST by John W

WASHINGTON (MarketWatch) - The U.S. added 257,000 jobs in January and hiring in the final two months of 2014 was even stronger than previously reported, reflecting by far the strongest pace of job creation since a recovery began more than five years ago. Economists polled by MarketWatch had expected a gain of 230,000 nonfarm jobs.

The unemployment rate, meanwhile, edged up to 5.7% from 5.6% as more people entered the labor force in search of work, the Labor Department said Friday. In a good sign, average hourly wages jumped 0.5% in January to $24.75 after declining in December.

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


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: 1
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To: John W

Notice the wording!!

“The unemployment rate, meanwhile, edged up to 5.7% from 5.6% as more people entered the labor force in search of work,”

People that are unemployed and are not looking for work because they are disillusioned and gave up ARE NOT COUNTED in unemployment numbers.


21 posted on 02/06/2015 9:41:11 AM PST by ForYourChildren (Christian Education [ RomanRoadsMedia.com - a Classical Christian Approach to Homeschool ])
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To: Roos_Girl

Well, shoot! Why didn’t you say so? Negative employment numbers would have to mean that lots of folks have more than one job? But, but, but-—I keep hearing about lots of folks who have more than one job to get by. These math geniuses just have to update their methods to keep the right face on the Grand Kenyan’s success-—sniggle. Ruined another cup of coffee.


22 posted on 02/06/2015 10:42:47 AM PST by cherokee1 (skip the names---just kick the buttz)
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To: John W

I am glad Soviet production quotas have again been exceeded.


23 posted on 02/06/2015 12:15:46 PM PST by kaehurowing
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To: Fightin Whitey

Miller is not even being funny. If no one had a job and no one was looking for a job we would be at zero unemployment with the current methods. Even worse, if everyone went to work at a government job and no one worked at anything other than a government job we would have zero unemployment. I have had people look at me as if I were an idiot for saying that government employees should be counted as unemployed and in fact every single NEW government employee should be counted instead as TWO people unemployed but ask those same people if everyone can work for the government and unless they are drooling idiots they begin to see what I mean.


24 posted on 02/06/2015 12:38:44 PM PST by RipSawyer (OPM is the religion of the sheeple.)
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To: Art in Idaho

It’s higher than that.


25 posted on 02/06/2015 12:40:52 PM PST by RipSawyer (OPM is the religion of the sheeple.)
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To: Fightin Whitey
Fun with numbers. I assume it was Clinton in 1994 who changed the rules to stop counting the discouraged worker? He did Obama a big favor.
26 posted on 02/06/2015 1:57:26 PM PST by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: John W

The real number is about 5.7% x 2.


27 posted on 02/06/2015 2:39:15 PM PST by Red in Blue PA (Compared to obama, Jimmy Carter looks like Winston Churchill.)
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To: Red in Blue PA

I’m not so sure. With the Obamacare regs, they have created a whole class of part timer workers: “the 29ers”.

I know a lot of people that have been demoted to this level.
And as companies convert people to 29ers, they have to hire more 29ers to take up the slack.

The employment stats consider part timers equal to full timers.


28 posted on 02/06/2015 2:45:50 PM PST by nascarnation (Impeach, convict, deport)
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To: John W

According to the A-9 table, the number of multiple job holders jumped by 200,000. That’s where most of those new jobs came from.


29 posted on 02/06/2015 3:23:21 PM PST by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: exit82

Gallop doesn’t agree with this.


30 posted on 02/06/2015 6:22:19 PM PST by VerySadAmerican (Obama voters are my enemy. And so are republican voters.)
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To: John W

Hey, my Wife just landed a Minimum Wage Retail Job after being out of work for three years in her chosen Field in Accounts Receivable / Payable.

Looks like she’s going to get 25 Hours a week. Now I can get that new Ferrari I’ve had my eye on.

Happy Days are here again, the skies above are clear again.


31 posted on 02/06/2015 6:35:00 PM PST by Kickass Conservative (If you think the Mulatto Marxist is bad, just wait until the Menopausal Marxist shows up.)
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To: Kickass Conservative

So she’s a “29er”
That’s how the fedgov padded the employment stats
Not all of Obamacare failed!


32 posted on 02/06/2015 6:36:45 PM PST by nascarnation (Impeach, convict, deport)
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To: John W

About $25 an hour would put the average salary at about $50,000. Sounds too high.

$25 x 8 hours =$ 200 per day x 5 days= $ 1,000 x 52 weeks = $52,000.


33 posted on 02/06/2015 6:47:20 PM PST by Freedom of Speech Wins
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To: John W

BS, Let me revise that to about 23%.


34 posted on 02/06/2015 6:49:18 PM PST by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: nascarnation

Yep, just 25, that’s the most Hours they will give her.

I think they leave those extra four hours (29) in limbo just in case of a scheduling screw up. Don’t want to tempt fate with our oppressive Big Brother.


35 posted on 02/06/2015 7:19:14 PM PST by Kickass Conservative (If you think the Mulatto Marxist is bad, just wait until the Menopausal Marxist shows up.)
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To: exit82

I thought Jim laid down the law and said any satire posts would be labeled as such in the headline.


36 posted on 02/08/2015 5:57:01 AM PST by Rodamala
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To: Art in Idaho
Workforce participation is a more accurate metric than U-6 if you are measuring productivity of the economy. Similarly, GDP, minus government spending, measures the economic heartbeat of the United States.

Anything else is deception.

37 posted on 02/08/2015 6:26:06 AM PST by Rodamala
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To: Rodamala
Thanks for the info.

Bears repeating:

"Similarly, GDP, minus government spending, measures the economic heartbeat of the United States."

By that measure, the US economy is on life support.

38 posted on 02/08/2015 7:22:49 AM PST by Art in Idaho (Conservatism is the only Hope for Western Civilization.)
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To: Art in Idaho

Imagine what it might be if a huge percentage of productivity remained in the hands of the individual and was not stolen from them, under color of law.


39 posted on 02/08/2015 8:56:56 AM PST by Rodamala
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