Skip to comments.157,000 Jobs Added In January, Unemployment Rate At 7.9%(Ministry of Plenty alert)
Posted on 02/01/2013 5:42:31 AM PST by Perdogg
The goldilocks economy continues as the unemployment rate comes right as expected, or 157,000, a tiny miss to expectations of 165,000, down from the upwardly revised 196,000 (was 155,000 previously), leading to an unemployment rate of 7.9%, higher than the 7.8% expected.
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 !
Do they even bother with publishing the great news of ONLY 350,000 jobs lost every Thursday anymore?
I’ve heard it said that job hunting is a full time job. Are they including that now?
Obama’s economic malaise is the new normal.
I guaran-damn-tee you that if Mitt Romney had been victorious in November, the unemployment rate would be going down.
Speaking of malaise, at least when Jimmy Carter was President, he actually seemed to care (even though he was completely ineffectual at fixing it). With Obama, every day is a big party celebrating him while everyone denies the malaise exists at all.
“I guaran-damn-tee you that if Mitt Romney had been victorious in November, the unemployment rate would be going down.”
Yes, but according to about a third or so posters here, it was more important to “send a strong message to the GOP”.
That’s not the way it works... There are hundreds of thousands of people hired and fired all the time (employment churn). The NFP number is the “net” of the hirings and firings for the month. This month was +157K, both November and December were revised upward sharply. The economy is not “strong” but it is improving. Unfortunately a lot of people here just simply don’t want to see it.
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.
I guaran-damn-tee you that if Mitt Romney...”
...fully agreed. He’s a RINO from the word go but knows economics and supports capitalism.
As long as the fedgov can get away with running multi-trillion dollar deficits and supporting the poor and lower middle class folks with massive benefits, life is good.
And when this financial charade implodes, life will be bad.
hush!! facts are boring! Conspiracies are fun!
“Thats not the way it works..”
Happy days are here again, thanks to Obama!
How it worked until I noticed Thursday reports didn’t seem to be available a few weeks ago, was that ABCCBSCNNNBCFOX/AP would report every Thursday morning that 350-something thousand NEW applications for unemployment were filed in the last week.
How do YOU remember it?
They’re not really a third of the posters here, they just shout as if they are.....
The economic improvement at best could be described as tepid. It still stinks compared to normal. The decline in unemployment in the last three years is almost entirely due to the number of people who have simply given up trying to find work and gone on the permanent dole, and the markets are being mostly fueled by Ben Bernanke’s Magical Money Making Machine.
Even during the Great Depression, there were periods of minor growth. The truth is that America and most of the world is stuck in an ongoing Little Depression.
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.
“hush!! facts are boring! Conspiracies are fun!”
Yep, FR is done.
I understand now, it’s all so easy once one starts believing all the left wing freaks at Freerepublic!
Long live Obama! Heil Hussein!
Which way is Mecca?