Skip to comments.U6 Unemployment Rate Holds at 14.4%, Employment to Population Falls to 58.6%
Posted on 01/04/2013 6:59:47 AM PST by whitedog57
The Bureau of Labor Statistics (BLS) released their monthly jobs report. Now for the BLS Boogie. Nonfarm payrolls rose by 155,000 workers last month following a revised 161,000 advance in November that was greater than initially estimated.
The unemployment rate printed at 7.8% which is up from 7.7% in November but the same as the UPWARDLY REVISED print of 7.8%. U6 partial unemployment printed at 14.4%.
Labor force participation remained at 63.6%.
And the civilian employment to population ratio fell to 58.6, still stuck are 1983 levels. Thats a lot of people for the 58.6% to support!
The number of civilians that are disabled rose to 28,705,000.
Of course, this is disappointing numbers for a December. And disappointing for the housing recovery. Improvement in employment would help!
The Dollar Swaps curve has risen 40 basis points over the last month.
Same for the Treasury actives curve, but only a 35 basis point rise in the long end.
Lets see if The Fed sticks by its guns about no more money printing.
At least things seem stable in the national employment market. Still SUCKS!
As long as Baraq, Timmy, and Ben can get away with manufacturing electronic money and paying it to the non-workers, everybody is happy.
And when that implodes, we’re ALL screwed.
What part of NorCal?
If you’ve got the skills, come to Silicon Valley. Jobs are plentiful.
Do you have any engineering training or degree?
Hunh? When did Bernake commit to that? I thought QE-Infinity was ongoing for the near term, although the FED did say yesterday that "they probably will end their $85 billion monthly U.S. bond purchases sometime in 2013."
Maybe. Hopefully. But I ain't buying it. "sometime in 2013" could be the whole year and who knows what they will be saying between now and then.
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