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US PAYROLLS BEAT EXPECTATIONS, UNEMPLOYMENT RATE RISES
Business Insider Australia ^ | March 7, 2014 | Matthew Boesler

Posted on 03/07/2014 5:50:10 AM PST by John W

The Bureau of Labor Statistics says 175,000 workers were added to nonfarm payrolls in December, well above Wall Street’s consensus estimate of 149,000.

162,000 of those hires were to private payrolls, above expectations for a 145,000 rise in the ranks of private-sector workers.

The unemployment rate unexpectedly rose to 6.7% from 6.6%. Labor force participation was unchanged at 63.0%.

610,000 were unable to work due to inclement weather in February, above the historical February average of 317,000.

(Excerpt) Read more at businessinsider.com.au ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: bs; cookingthebooks; crapolaonsteroids; fantasyisland; lerner; unexpectedly
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To: Wyatt's Torch
...to take the copious amount of money we at the Fed have created...

I get nervous when our Fedgov bankers speak so blasely about printing gazillions of dollars backed by little more than our reserve currency status.

Rather soon, that status will no longer hold true, imho.

61 posted on 03/07/2014 8:38:07 AM PST by citizen (There is always free government cheese in the mouse trap.....https://twitter.com/kracker0)
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To: no-to-illegals

Thanks for the good news in hidden in the “unexpected” bad news.

“Largest Law Firm (IIRC) in United States goes Bankrupt. Law Firm under investigation for fraud. 3,000+ attorneys (IIRC). Comparisons to Enron being leveled by media against Law Firm. Wonder what the real story is and why does the real story always make its way out through an opinion, a non opinion or additional fraud which one could call complacency known as a media?”

This might even be better news than when a left wing fish wrap is facing bankruptcy.


62 posted on 03/07/2014 8:38:07 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: 1010RD
Enjoy the deflation.

Although it came with inflated playing times. Had a couple of 5 hour rounds.

63 posted on 03/07/2014 8:39:34 AM PST by EVO X
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To: MrB

Of course not. And neither is BLS’s. December and January were both revised up.


64 posted on 03/07/2014 8:40:50 AM PST by Wyatt's Torch
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To: Grampa Dave
Dave, only one point ... Think of the implications deeply and one may catch a point of everything and everyone is in Bankruptcy whether filed or un-filed coupled with everything and everyone is a possible participant in criminal activity ... aka fraud or other assorted crimes and it leaves me thinking if this is true nationwide .... leaves one thinking of the implications for the nation and has me wondering is this the first shot across all business, reporting, laws know as protectors of any and all rights. So, I know a grand total of nothing.
65 posted on 03/07/2014 8:45:16 AM PST by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: Grampa Dave

Dave, I left out the most important part. The fraud being leveled at the law firm is one of cooking the books or better known as creative accounting. Of course creative accounting never ever happens anywhere .... especially not in government. Ever tried to arrest a government?


66 posted on 03/07/2014 8:53:10 AM PST by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: Grampa Dave

I will say it seems to have been used more the past five years than I can recall in the past. But, maybe our experts are just getting worse.


67 posted on 03/07/2014 9:11:59 AM PST by John W (Viva Cristo Rey!)
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To: txrefugee

They’re probably including people that are off the books.


68 posted on 03/07/2014 9:28:53 AM PST by wastedyears (I'm a pessimist, I say plenty of negative things. Consider it a warning of sorts.)
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To: Wyatt's Torch

What would that chart look like without $1 Trillion per year printed by the Fed?????


69 posted on 03/07/2014 9:44:52 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: John W

Unemployment is the problem right now. UNDEREMPLOYMENT is.

And just how bad that has become is anyone’s guess. If I had to shoot darts, I’d say in-the-crapper bad.


70 posted on 03/07/2014 9:52:19 AM PST by Up Yours Marxists
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To: no-to-illegals

Well I’ll disagree on the QE as I think it has worked and has merely offset the fiscal side of the house. I do believe that the economy would be much worse without QE. We’ve been in a liquidity crunch for 5 years now (take a look at the velocity charts) and the QE has helped stave off a deflationary cycle which would be far far worse than inflation.


71 posted on 03/07/2014 10:08:36 AM PST by Wyatt's Torch
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To: Red in Blue PA

It would be far worse.


72 posted on 03/07/2014 10:09:03 AM PST by Wyatt's Torch
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To: plain talk

The current situation is the red line and we are around 74 months.


73 posted on 03/07/2014 10:10:12 AM PST by Wyatt's Torch
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To: devolve

Then i could write a book and open great wine instead of beer ;-)


74 posted on 03/07/2014 10:11:23 AM PST by Wyatt's Torch
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To: John W

That’s odd... I just heard private payrolls dropped.

Twist of words maybe, not as bad as they thought would be?


75 posted on 03/07/2014 10:12:27 AM PST by Java4Jay (The evils of government are directly proportional to the tolerance of the people.)
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To: 1010RD

Right. Most people don’t know how or why monetary policy works. That’s evident by the “printing money is inflation” comments.


76 posted on 03/07/2014 10:12:54 AM PST by Wyatt's Torch
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To: John W

No way is Obama going to turn this around with a labor force participation rate of 63.0%.


77 posted on 03/07/2014 10:15:32 AM PST by Java4Jay (The evils of government are directly proportional to the tolerance of the people.)
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To: demshateGod
No college is fine, but you better know what you're doing

The 6.4% unemployment rate for HS diploma, no college tells me that it's okay for a responsible person with motivation, intelligence and direction, and a good work ethic to skip college with all of its debt. You have to figure that at least 20% of the students who have HS diplomas are total inepts. With that 6.9% number, even most of the inepts are finding work.

78 posted on 03/07/2014 10:17:59 AM PST by grania
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To: All

“Markets Mixed as Jobs Report Rally Dies”


79 posted on 03/07/2014 10:32:15 AM PST by John W (Viva Cristo Rey!)
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To: Wyatt's Torch
Standard and Poor's 500 Index 1874.73 2.30 ▼ -0.12% 1:55 PM ET

What happened?

80 posted on 03/07/2014 10:57:47 AM PST by John W (Viva Cristo Rey!)
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