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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by dontworrybehappy View Post
    Any data on what jobs are being created? I mean losing 100,000 high paying jobs and replacing them with 200,000 minimum wage jobs really isn't something to be excited over. If high paying jobs are disappearing and low paying jobs are replacing them, is that change we can believe in?

    I can't seem to find any data on what jobs were lost and which were gained, except at the link provided:



    Can anyone else find any data on WHAT these jobs are? I mean a bunch of new burger flippers are added to the economy and we re elect a president based on that? I'm just curious. I can't seem to find anything. I want it to be honest good news, but from what I'm hearing "down on the street" more and more people are being layed off. Teachers can't find work. I want people to have jobs, but I dont want them to think our idiot n chief had anything to do with it. Congress is responsible for the good or bad, and if they keep this congress because of false numbers that is going to piss off a lot of people.
    Dude, once again, read through the actual report.

    Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by pbrauer View Post
    The labor force from bls, retrieved just now:
    Labor Force Statistics from the Current Population Survey



    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2002 -346 737 -261 -51 413 -124 -2 292 597 -294 -487 -95
    2003 991 65 -48 199 -89 246 -316 75 60 375 440 -13
    2004 61 70 -89 227 172 322 382 17 -86 245 499 -106
    2005 120 140 269 600 355 105 312 408 -33 147 -49 253
    2006 398 307 284 20 328 264 -151 423 190 499 220 436
    2007 58 29 263 -734 317 160 -158 -223 562 -298 649 -322
    2008 124 -240 -49 22 -201 -191 -208 -334 -137 -267 -714 -750
    2009 -1141 -527 -906 -100 -360 -291 -112 -433 -683 -374 206 -639
    2010 532 165 171 470 34 -203 2 199 6 -272 -135 283
    2011 110 221 213 -136 180 -423 65 304 353 190 317 176
    2012 847
    Which data series was that?
    "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

  3. #63
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Rhapsody1447 View Post
    Which data series was that?

    Looks to be change in # of people employed.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by roughdraft274 View Post
    You need your own comedy show, I'd watch it.
    I'd be glad too!
    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 Rhapsody1447 View Post
    The labor force did decline more than previous months,
    Well, adjusting for population growth, the civilian labor force participation rate held steady, as a percentage.

    and the Persons Not in the Labor Force was the largest absolute jump on record, the largest percentage increase in 30 years. Take that for what you will.
    Which was primarily due to a revision/update using the 2010 census data. In other words, that number was due more to methodology and data collection, not actually a mass exodus of workers leaving the labor force because they stopped looking for work.

    When you say "1.2 million people dropped out of the labor force," that specifically means that 1.2 million discouraged workers suddenly stopped looking for work and dropped out of the labor force.

    Look, I'm not saying the news from the BLS report is amazing, but let's recognize dishonesty for what it is.

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    Re: US economy creates 243,000 jobs in January

    I think the best thing of all is that we can officially stop blaming Bush. This means, ANYTHING BAD that happens from now on, Bush won't even be uttered.

    Also, I would suggest, just for fun, that we wait till unemployment is smaller than a little less than double what it was when Obama took office, before we start calling him the economic savior, just for fun. I mean, we all know it'll happen, lets just wait. We don't wanna get ahead of ourselves. After all, if we build the golden statue for him now and etch those numbers we may not have time to replace them with the 3% unemployment rate that will come 'round in a few months because we'll all be too busy working our high paying jobs entirely thanks to Obama.

    Now that THAT'S done, when was the last stimulus passed and when was it passed?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Republic Now! View Post
    I think the best thing of all is that we can officially stop blaming Bush. This means, ANYTHING BAD that happens from now on, Bush won't even be uttered.

    Also, I would suggest, just for fun, that we wait till unemployment is smaller than a little less than double what it was when Obama took office, before we start calling him the economic savior, just for fun. I mean, we all know it'll happen, lets just wait. We don't wanna get ahead of ourselves. After all, if we build the golden statue for him now and etch those numbers we may not have time to replace them with the 3% unemployment rate that will come 'round in a few months because we'll all be too busy working our high paying jobs entirely thanks to Obama.

    Now that THAT'S done, when was the last stimulus passed and when was it passed?
    There is ongoing stimulus in the form of the payroll tax cut, which was renewed a few months ago.

  8. #68
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Republic Now! View Post
    I think the best thing of all is that we can officially stop blaming Bush. This means, ANYTHING BAD that happens from now on, Bush won't even be uttered.

    Also, I would suggest, just for fun, that we wait till unemployment is smaller than a little less than double what it was when Obama took office, before we start calling him the economic savior, just for fun. I mean, we all know it'll happen, lets just wait. We don't wanna get ahead of ourselves. After all, if we build the golden statue for him now and etch those numbers we may not have time to replace them with the 3% unemployment rate that will come 'round in a few months because we'll all be too busy working our high paying jobs entirely thanks to Obama.

    Now that THAT'S done, when was the last stimulus passed and when was it passed?
    I don't blame Bush as much for the state of the economy, but you can certainly blame him for a significant part of the fiscal/budget situation.

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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?
    At that rate, we'll break even in what? 6 years?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by StillBallin75 View Post
    I don't blame Bush as much for the state of the economy, but you can certainly blame him for a significant part of the fiscal/budget situation.
    And not Congress?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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