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Thread: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

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    Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    I looked all over, couldn't find any posting for THIS MORNING'S announcement from the BLS ...

    Unemployment rises to 7.9 percent, economy adds 157,000 jobs | The Ticket - Yahoo! News
    The unemployment rate rose from 7.8 in December to 7.9 percent in January, but the economy added 157,000 new jobs last month, according to the U.S. Bureau of Labor Statistics' monthly report released Friday morning.

    The report indicates that job gains were seen in retail trade, construction, health care and wholesale trade, while employment edged down in the transportation and warehousing industries.

    The additional 157,000 jobs added is less than the 196,000 jobs added in December, according to the revised numbers.

    The number of unemployed persons overall rose from 12.2 million in December to 12.3 million in January.
    Of course, the report is grossly inaccurate, as the number of unemployed didn't rise "from 12.2 million in December to 12.3 million in January", first of all because the report we received this morning from the BLS is mostly for DECEMBER, the second week in December through the first week in January, so it is hugely more accurate to state that the number of unemployed rose "from 12.2 million in NOVEMBER to 12.3 million in DECEMBER", and second because the quick-calc number is grossly inaccurate, the true unemployment rate maintaining around 14% and thus the number of truly unemployed, those who want work and are out of work and would take a job if one were available, is millions higher.

    So .. considering that unemployment went up in the month of increased Christmas retail spending, yeah, anyone who thinks we're on the road to recovery is suffering from pot-hole thinking.

    The quick-calc unemployment rate went up to 7.9% even while hundreds of thousands more American citizens dropped off the counting radar.

    But should we be surprised?

    The do-nothing Obama administration and the do-nothing House of Reps are all pretty much doing nothing state-of-emergency heroic to kick out the illegals, stop out- and in- sourcing of our jobs, encourage the return of manufacturing, computer programming, assembly, etc. to America ..

    .. And instead are falling all over themselves to see who can be seen as the champion to 20 million trespassers, identity-forgers and jobs/classrooms/other resources stealers who aren't even American citizens.

    Remember the revolt mantra "Throw the bums out!"?

    Well, I'd like to add "By any means possible!"

    D.C. behavior is a crying shame right now.
    You don't trust Trump? Well, there's only one way to leverage him to do what's economically right for us all: Powerful American Political Alliance. Got courage?! .. and a mere $5.00?

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    8,500,000 people no longer even counted.

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    Nice rant! Just what, if anything, do you want our congress critters to do about the high unemployment rate? They are currently busy trying to "transform" illegal labor into legal labor, instead of fining/jailing the millions of employers that hire them, causing them to self deport. They will talk of secure borders and "tough enforcemnt" of laws employers of "illegals" but, of course, Obama will do none of that just as he does not do that now. What we are in for is more amnesty, higher unemployment and a new wave of "guest workers" to replace the ones told that they no longer have to work those "bad" jobs anymore.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    Anyone else see how MSNBC received the jobs numbers news? Despite the uptick in unemployment to 7.9%, it was really good news, donchaknow.
    Why, you ask? Well because it really means that people are out looking for work again ... they rejoined the workforce. See? Good news.
    While that much is true, they didn't mention how many LEFT the workforce in January ... (170K)

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    Quote Originally Posted by ttwtt78640 View Post
    Nice rant! Just what, if anything, do you want our congress critters to do about the high unemployment rate? They are currently busy trying to "transform" illegal labor into legal labor, instead of fining/jailing the millions of employers that hire them, causing them to self deport. They will talk of secure borders and "tough enforcemnt" of laws employers of "illegals" but, of course, Obama will do none of that just as he does not do that now. What we are in for is more amnesty, higher unemployment and a new wave of "guest workers" to replace the ones told that they no longer have to work those "bad" jobs anymore.
    Yep, "bad" jobs like construction work. The ONLY reason congress is going to make illegals legal is for votes, there is no way in Hell this is good for our economy or our country. Letting Mexicans take jobs when there is not even enough jobs for Americans makes wages go down and unemployment go up and everybody F***** knows it!

    Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.
    - Mark Twain,

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    1). Create a repatriation of foreign investments opportunity for large businesses. If the money creates jobs it can be brought home and invested tax free. That is by far the easiest and most simple thing to do.

    2). Create a new tax code that is by far more simple and meets our needs at least in the near future ( with growth ). That would be harder.

    3). Dump obamafarce care.

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    Quote Originally Posted by sawyerloggingon View Post
    Yep, "bad" jobs like construction work. The ONLY reason congress is going to make illegals legal is for votes, there is no way in Hell this is good for our economy or our country. Letting Mexicans take jobs when there is not even enough jobs for Americans makes wages go down and unemployment go up and everybody F***** knows it!

    Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.
    - Mark Twain,
    Yep. Our congress critters simply look at polls get in a hurry and craft moronic laws that appease the masses. Of course illegal labor works cheap and depresses wages, but it also increases profits for those that use it. By turning illegal aliens into "legal" guest workers the employers keep the cost of labor down and are then obeying the law - not that Obama would ever charge anyone with breaking it anyway. It is truely insane to grant amnesty (now called a "path to citizenship") to illegals, since it simply encourages more to come and get in on the deal (or the next deal). The republicants are falling all over themselves to appear to be doing something "bipartisan", while letting Obama and the demorats continue to borrow and spend, basically with no limits. The only way to get wages up is to eliminate the use of illegal labor and to impose tariffs on the cheap imports that keep anyone in the US from providing those goods/services here - that will not happen becuase the current system is VERY profitable for those buying favors from our congress critters (in both parties) now. Employers are allowed to pay super low wages ONLY because the federal/state gov't will make up the difference using some 70+ "income based" assistance programs.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    Quote Originally Posted by bubbabgone View Post
    Anyone else see how MSNBC received the jobs numbers news? Despite the uptick in unemployment to 7.9%, it was really good news, donchaknow.
    Why, you ask? Well because it really means that people are out looking for work again ... they rejoined the workforce. See? Good news.
    While that much is true, they didn't mention how many LEFT the workforce in January ... (170K)
    Thought you might be interested to read this article bubba. It appeared on the front page of my local newpaper. This is part of the major problem.


    For new immigrants, an 'American nightmare' in Los Angeles

    Once a promising destination for foreign jobseekers and war refugees, the City of Angels is rolling up its ladder of opportunity.

    (Excerpt)

    "A small group of day laborers clustered around the exit. Jose Perez, 22, and about a dozen other men whistled, waved and shouted at passing vehicles, hoping to get some work. They’ll do just about anything, Perez said, from landscaping to putting together a swing set. He looked concerned but resilient. He said he hadn’t found work in several days.

    Then a gray Lexus rolled to a stop and an electric window slid down. The driver extended a manicured finger in Perez’s direction, her blonde perm hardly moving above large, dark sunglasses."


    The author of this pap is Kevin Douglas Grant, offers this in his bio.

    At GlobalPost, Grant oversees foundation-supported reporting series from around the world, including work on human rights, global health, world religions, emerging democracies and rebuilding efforts in Haiti. He works closely with organizations including Ford Foundation, Kaiser Family Foundation, Henry Luce Foundation, Pulitzer Center on Crisis Reporting and Galloway Family Foundation among others.

    The Progressive Machine is alive and well, and on the front page of major newspapers..............

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    So 6 or 7 years ago 8,500,000 people had jobs.

    Unbelievable. And for MSNBC to try and put a bow on this is ridiculous.

    The mass hysteria event is at full tilt. You know, the libs who refuse to accept the truth.

    That their ideology and their president are total failures.

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    Re: Unemployment Rises to 7.9 Percent, Economy adds 157,000 Jobs

    Quote Originally Posted by Ontologuy View Post
    I looked all over, couldn't find any posting for THIS MORNING'S announcement from the BLS ...

    Unemployment rises to 7.9 percent, economy adds 157,000 jobs | The Ticket - Yahoo! News
    Of course, the report is grossly inaccurate, as the number of unemployed didn't rise "from 12.2 million in December to 12.3 million in January", first of all because the report we received this morning from the BLS is mostly for DECEMBER, the second week in December through the first week in January, so it is hugely more accurate to state that the number of unemployed rose "from 12.2 million in NOVEMBER to 12.3 million in DECEMBER", and second because the quick-calc number is grossly inaccurate, the true unemployment rate maintaining around 14% and thus the number of truly unemployed, those who want work and are out of work and would take a job if one were available, is millions higher.

    So .. considering that unemployment went up in the month of increased Christmas retail spending, yeah, anyone who thinks we're on the road to recovery is suffering from pot-hole thinking.

    The quick-calc unemployment rate went up to 7.9% even while hundreds of thousands more American citizens dropped off the counting radar.

    But should we be surprised?

    The do-nothing Obama administration and the do-nothing House of Reps are all pretty much doing nothing state-of-emergency heroic to kick out the illegals, stop out- and in- sourcing of our jobs, encourage the return of manufacturing, computer programming, assembly, etc. to America ..

    .. And instead are falling all over themselves to see who can be seen as the champion to 20 million trespassers, identity-forgers and jobs/classrooms/other resources stealers who aren't even American citizens.

    Remember the revolt mantra "Throw the bums out!"?

    Well, I'd like to add "By any means possible!"

    D.C. behavior is a crying shame right now.
    How can unemployment "jump" to 7.9 while adding jobs in the process? Oh yeah it can't.

    Of course progressives will somehow try to portray that it can...

    I love how they never talk about how many jobs were lost. Sorry but 1 + -3 is -2.. but hip-hop hurray for the +1.


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