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Shutdown slowdown? Job creation soars in October
CNBC.com ^ | Friday, 8 Nov 2013 | 8:34 AM ET | Jeff Cox

Posted on 11/08/2013 5:41:31 AM PST by Mad Dawgg

Forget the shutdown: Job creation surged in October despite dimmed expectations from the impasse in Washington.

There were a net 204,000 new jobs created for the month, though the unemployment rate rose to 7.3 percent

The numbers easily topped economist expectations of 120,000 new nonfarm payroll jobs for the month, though it matched estimates for a slightly increase in the headline jobless rate.

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


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS:
And then there is this: "I find this bizarre," Moody's economist Mark Zandi told CNBC. "I wouldn't be surprised if this gets revised to some degree...down."

DUH, do ya think...?

1 posted on 11/08/2013 5:41:31 AM PST by Mad Dawgg
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To: Mad Dawgg

If Obama lies outright, brazenly, knowingly, on an easily-verifiable factual point.....

.... what are the odds his agencies will fudge numbers?


2 posted on 11/08/2013 5:44:12 AM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Mad Dawgg

Ping.

The US unemployment rate rose.

The US unemployment rate rose.

The US unemployment rate rose.

The US unemployment rate rose.

The US unemployment rate rose.


3 posted on 11/08/2013 5:45:02 AM PST by Cringing Negativism Network
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To: Lazamataz

He wouldn’t lie about this one. This goes completely against the narrative about how “catastrophic” the government shutdown was.


4 posted on 11/08/2013 5:46:04 AM PST by bigdaddy45
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To: Lazamataz
".... what are the odds his agencies will fudge numbers?"

I would say about the same Odds as the chances of Rosie O'Donell getting a win vs. a Bag of Donuts.

5 posted on 11/08/2013 5:46:40 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg
There were a net 204,000 new jobs created for the month

That would account for all the new IRS and navigator jobs added to implement O-blah-blah-care.

6 posted on 11/08/2013 5:47:03 AM PST by randita
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To: Mad Dawgg; All

Hiring at the Malls, part-time for temporary Christmas Retail seasonal work? Stock Boys? Cashiers? Minimum wage jobs?

Hoo-boy ! THAT’S gonna make things look GREAT until December 26th, LOL! And then we get socked in the face with our ‘New & Improved Insurance Premiums’ (if we’re so lucky to still HAVE health insurance) a mere two weeks later!

Asshats. Seriously. This administration and the COMPLICIT Enemy-Media are INSANE!

(Wake me when Sarah is President and she’s kickin’ some Commie @ss, LOL!)


7 posted on 11/08/2013 5:48:01 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: randita
"That would account for all the new IRS and navigator jobs added to implement O-blah-blah-care."

Don't forget the website geeks that are working to try and fix the Obamadon'tcare website.

8 posted on 11/08/2013 5:48:30 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Lazamataz

what are the odds his agencies will fudge numbers?

*********
People in government learn what TPTB want. No need for anything in writing. If you value your career, you fall in line and keep your mouth shut.

The numbers will be what they must be.


9 posted on 11/08/2013 5:49:18 AM PST by Starboard
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To: Mad Dawgg

Why would the government shutdown have anything to do with whether jobs are created?


10 posted on 11/08/2013 5:50:46 AM PST by skeeter
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To: Starboard

They probably count the government workers coming back to work as new hired.


11 posted on 11/08/2013 5:52:04 AM PST by Phillyred
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To: Mad Dawgg

Puts lie to the OMB report yesterday on what a disaster the gubmit shutdown was.


12 posted on 11/08/2013 5:52:43 AM PST by AU72
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To: Mad Dawgg

Don’t forget the website geeks that are working to try and fix the Obamadon’tcare website.

********
I still want to know where the money is coming from to RE-DO the original website work. The taxpayer is essentially paying twice for the same work yet nobody seems to care. I’m not aware of anyone in congress asking about this.

But if this were to happen under a Republican administration the liberal media would be going wild about reckless waste and unauthorized spending.


13 posted on 11/08/2013 5:54:16 AM PST by Starboard
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To: skeeter
"Why would the government shutdown have anything to do with whether jobs are created?"

Verbal Gymnastics by the Demotwits so as to try and blame the Republicans for the bad job numbers. Also it gets the Obamadon'twork site off the front pages for a bit.

14 posted on 11/08/2013 5:56:39 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Phillyred

Probably all crap jobs that pay nothing and are only seasonal and will end January 1st. Only people that live with their patents would consider them.


15 posted on 11/08/2013 5:57:52 AM PST by jsanders2001
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To: Mad Dawgg

How many of these ‘new’ jobs were government employees going back to work from the shutdown?


16 posted on 11/08/2013 6:05:12 AM PST by rawhide
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To: Mad Dawgg

204,000 for the MONTH

about 340,000 new unemployment claims EACH WEEK

The job creation is only about 1/5th of the unemployment claims.

So, is it still those California computers that are the culprits? Or are these numbers just SWAGs?


17 posted on 11/08/2013 6:11:30 AM PST by TomGuy (.)
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To: Mad Dawgg

Govt employees filed for unemployment with the shutdown, then claimed they found a job when the shutdown ended.


18 posted on 11/08/2013 6:11:42 AM PST by IMR 4350
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To: rawhide
"How many of these ‘new’ jobs were government employees going back to work from the shutdown?"

Sssssssh you can't ax questions like dat. you'll mess up the meme...!

19 posted on 11/08/2013 6:28:56 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

Plus, companies have started hiring for the holidays. That number of hires doesn’t seem “outstanding” to me in any way.


20 posted on 11/08/2013 6:32:32 AM PST by woweeitsme
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To: woweeitsme

We have one of those big Amazon warehouses here in cent Indiana. They bring on so many people for Nov/Dec that there is a whole string of traffic signals that are activated only for that period.

I’ve also seen one in Nevada where they have a park for retirees to come in with motorhomes and trailers and work that period.


21 posted on 11/08/2013 6:35:23 AM PST by nascarnation
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To: Mad Dawgg

Well, it’s kinda hard to bulk-up your retail staff for Christmas AND keep them all under 29 hours without doing a good bit of hiring.


22 posted on 11/08/2013 6:46:40 AM PST by Buckeye McFrog
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To: Mad Dawgg

"And then there is this: "I find this bizarre," Moody's economist Mark Zandi told CNBC"

Golly. You mean, if less money is being pumped out and allocated to a segment of the economy that produces nothing, and fewer regulations that hinder businesses are being created during a brief (partial) shutdown for non-essential workers, that the segment of the economy that actually does produce something can have a little room to grow?! Who knew!!

23 posted on 11/08/2013 6:56:11 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: skeeter

They’re counting the government workers who went back to work after the shutdown as new jobs created.


24 posted on 11/08/2013 7:35:28 AM PST by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: Mad Dawgg

Utter lie. Take a look at the employment trend line over the last 5 years and last 12 months. It’s right where you’d expect it to be... if a socialist were running things with a permissive Fed.


25 posted on 11/08/2013 9:16:52 AM PST by 1010RD (First, Do No Harm)
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To: bigdaddy45

Let’s not be naïve. This administration thinks, “Why tell the truth when a lie works just as well?”


26 posted on 11/08/2013 9:18:22 AM PST by 1010RD (First, Do No Harm)
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To: AU72

Obama and Co. are just working this theme to prep the battlespace for the next showdown.


27 posted on 11/08/2013 9:20:13 AM PST by 1010RD (First, Do No Harm)
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To: Mad Dawgg
Image Hosted by ImageShack.us

28 posted on 11/08/2013 11:22:40 AM PST by TurboZamboni (Marx smelled bad & lived with his parents most his life.)
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To: Mad Dawgg

Government numbers are a lie. Media headlines are spin.

http://market-ticker.org/akcs-www?post=225821


29 posted on 11/08/2013 11:42:19 AM PST by Revel
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To: skeeter

In theory, it could mean the fact that since this meant the gov’t was finally getting out of the way, for once, that could have helped job creation during October when the feds were not in full force. But as others said, it may also be in part due to the usually holiday temp hiring season as well.


30 posted on 11/08/2013 2:00:49 PM PST by freedom462
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To: Diana in Wisconsin
Yes.

Holiday jobs.

It will be nice to have a steady paycheck for the next two months.

But come January 2nd the job ends and the seasonal store location closes again.

Until about four years ago there were two all year locations and there were three seasonal locations. Now there is one all year store and one seasonal store. Wonder what happened?

31 posted on 11/08/2013 2:08:34 PM PST by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Harmless Teddy Bear

“Wonder what happened?”

We ALL know ‘what happened.’ Blech!


32 posted on 11/08/2013 2:27:00 PM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Mad Dawgg

It proves the less government does, the better off the people are.


33 posted on 11/08/2013 2:36:19 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: Mad Dawgg

Boy we should have these shutdowns more often.


34 posted on 11/08/2013 5:09:34 PM PST by CPT Clay (Follow me on Twitter @Clay N TX)
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To: Mad Dawgg

Uh Yeah.... and ‘We have always been at war with eastasia’.

Minitrue exists... only we call it the MSM today.


35 posted on 11/11/2013 3:08:19 AM PST by The Working Man
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