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Thread: US economy creates 243,000 jobs in January

  1. #11
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    Re: US economy creates 243,000 jobs in January

    There's just no spinning this, GOP - these are good numbers. That's all there is to it. Root against a good economy at your own risk.

    These are particularly good considering that there's typically a drop after December due to seasonal jobs. Anything can happen (remember the false hopes at the beginning of last year?) but this bodes very, very well for the economy this year...and as a result bodes very well for Obama.

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    Re: US economy creates 243,000 jobs in January

    Great news. Markets are coming off the best January in 15 years. Numbers this morning blew out all expectations. Hopefully (even though I'm dyed red), this will continue. Seems to go against recent warnings from the Fed and CBO about slow job/economic growth this year. This helps Obama obviously, but not as much as it would if it happened this summer. Memories are short; if we print these job numbers June - August the Republicans are in for a world of hurt. I've read conflicting reports on what happened with the LFPR, anyone got some more color? Here are some more details on the job numbers:

    • Total nonfarm payroll employment rose by 243,000 in January. Private-sector employment grew by 257,000, with the largest employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment was little changed over the month. (See table B-1.)
    • Professional and business services continued to add jobs in January (+70,000). About half of the increase occurred in employment services (+33,000). Job gains also occurred in accounting and bookkeeping (+13,000) and in architectural and engineering services (+7,000).
    • Over the month, employment in leisure and hospitality increased by 44,000, primarily in food services and drinking places (+33,000). Since a recent low in February 2010, food services has added 487,000 jobs.
    • In January, health care employment continued to grow (+31,000). Within the industry, hospitals and ambulatory care services each added 13,000 jobs.
    • Wholesale trade employment increased by 14,000 over the month. Since a recent employment low in May 2010, wholesale trade has added 144,000 jobs.
    • Employment in retail trade continued to trend up in January. Job gains in department stores (+19,000), health and personal care stores (+7,000), and automobile dealers (+7,000) were partially offset by losses in clothing and clothing accessory stores (-14,000). Since an employment trough in December 2009, retail trade has added 390,000 jobs.
    • In January, employment in information declined by 13,000, including a loss of 8,000 jobs in the motion picture and sound recording industry.
    • In the goods-producing sector, manufacturing added 50,000 jobs. Nearly all of the increase occurred in durable goods manufacturing, with job growth in fabricated metal products (+11,000), machinery (+11,000), and motor vehicles and parts (+8,000). Durable goods manufacturing has added 418,000 jobs over the past 2 years.
    • Employment in construction increased by 21,000 in January, following a gain of 31,000 in the previous month. Over the past 2 months, nonresidential specialty trade contractors added 30,000 jobs.
    • Mining added 10,000 jobs in January, with most of the gain in support activities for mining (+8,000). Since a recent low in October 2009, mining employment has expanded by 172,000.
    • Government employment changed little in January. Over the past 12 months, the sector has lost 276,000 jobs, with declines in local government; state government, excluding education; and the U.S. Postal Service.
    • The average workweek for all employees on private nonfarm payrolls was unchanged in January. The manufacturing workweek increased by 0.3 hour to 40.9 hours, and factory overtime increased by 0.1 hour to 3.4 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hour to 33.8 hours. (See tables B-2 and B-7.)
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Oh they'll be along shortly to explain how, a) these numbers are fake, b) even if they aren't fake, it's actually bad news, and c) we're all doomed ... DOOOOMED!!
    Right, 'coz the Democrats didn't poo-poo every bit of economic good news in the last decade.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by ThePlayDrive View Post
    Yeah, the news in Chicago last night talked about 5 or 6 big companies who are planning to add a fair amount of jobs in Chicago over this next month so I'm expecting it to go up next month as well. Things are starting to look up.
    Definately good news.

    My wife and I just pulled out some savings out of cd's that were up and put it into stock. Glad we made that decision now, seems everything is on a more sure footing.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by ThePlayDrive View Post
    BBC:

    Good news for the country, good news for the Democrats, bad news for the Republicans. What do you think? Is the rise temporary? Does it even matter politically? What is causing it?
    Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge
    All the while people are falling off the employment rolls. We're just booming here, cause it dropped a whole tenth of a percent.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by American View Post
    Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge
    All the while people are falling off the employment rolls. We're just booming here, cause it dropped a whole tenth of a percent.
    U-6 unemployment also fell a tenth of a percent.

    Told ya. :

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    Re: US economy creates 243,000 jobs in January

    Good news for the country, good news for the Democrats, bad news for the Republicans. What do you think? Is the rise temporary? Does it even matter politically? What is causing it?
    Anything good that happens in the US is because of the President. Anything bad is fault of the senate and house. Did I get that about right?

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    Re: US economy creates 243,000 jobs in January

    It's amazing how liberals ignore that 1,000,000 people dropped out of the work force in January. Interesting!
    Quote Originally Posted by AdamT on Nov 8th, 2012 View Post
    Over the next four years the economy will continue to rebound and we will gradually get deficits under control. The real esate market will rebound, unemployment will fall to 6.5% or below, and GDP growth will stand at 3.5 - 4%. We won't be in any wars. And conservatives will still be whining.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by ThePlayDrive View Post
    BBC:

    Good news for the country, good news for the Democrats, bad news for the Republicans. What do you think? Is the rise temporary? Does it even matter politically? What is causing it?
    My guess is that it's simply the natural progression of the business cycle. Last month's numbers struck me as a bit of an anomaly, but this is good news.

  10. #20
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Amigo View Post
    It's amazing how liberals ignore that 1,000,000 people dropped out of the work force in January. Interesting!
    I correct myself: 1.2 mil.
    Quote Originally Posted by AdamT on Nov 8th, 2012 View Post
    Over the next four years the economy will continue to rebound and we will gradually get deficits under control. The real esate market will rebound, unemployment will fall to 6.5% or below, and GDP growth will stand at 3.5 - 4%. We won't be in any wars. And conservatives will still be whining.

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