Skip to comments.U.S. Adds 113,000 Jobs, in Latest Worrying Sign on Growth
Posted on 02/07/2014 5:41:02 AM PST by John W
WASHINGTONThe 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.
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I have a dumb question ...
How many of these “new jobs” are actually fulltime jobs that have been down-sized to part-time jobs under 0bamacare.
Which would essentially mean that there were no real jobs created at all.
So what exactly are Republicans offering to build up America’s employment?
Forget democrats. Democrats only seek power. What are Republicans doing which builds up America?
Looks like a lot more of our fellow citizens are escaping the dreaded “job lock.”
Obama’s household survey lowers unemployment rate again. Totally bogus.
Discussing bringing in 20 million + more unskilled laborers?
Reads like Pravda and Tass circa 1972.
Seems like overall the report is not good. Do you think the numbers are accurate?
Initial Claims is the number of people who lost there job in one week. There are tens of thousands who are hired and fired/quit every week.
The NFP jobs report is the NET INCREASE OR DECREASE of that churn (caveat - not the same data set but related)
The initial claims we are experiencing now is well within normal range for a growing economy.
At what point does the overall length of time it takes to recover diminish the prospect of being in a “recovery?
The national unemployment rate, a key economic metric in our country, is a total farse but its not alone. The CPI is also a joke as are a few other measures of economic health.
The country is run by scoundrels and idiots.
So over last two months, less than 190,000 jobs have been created in total (85k average per month). And yet the unemployment rate has dropped from 6.9% to 6.6% during this time. Unbelievable corruption.
Republicans are passively doing nothing, which is their ususal posture.
It’s a weird report as the household survey showed +113k while the establishment survey showed +616k. Quite a huge divergence.
Participation rate increased which is positive.
U6 dropped to 12.7% which is the lowest since 2008.
Private sector jobs were +142k (construction +48k which is very positive) and the public sector shed jobs again (also positive)
Bottom line it’s a pretty luke warm report which is consistent with the slow growth we have been seeing.
If Obama would just create an advertising campaign for people to stop filing for unemployment, he could get unemployment down to 0%. That’s making the trains run on time!
There is no growth. There is no recovery. The sooner the Wall Street Journal gets out of the skyscrapers and down into the real world, the sooner their reports will be more accurate.
Don’t get me wrong, I like WSJ, but sometimes it seems they aren’t in touch with the common man.