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Thread: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

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    Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    'WASHINGTON—U.S. employers hired steadily last month and workers’ wages picked up, suggesting the labor market is moving closer to full health more than five years after the recession.

    U.S. nonfarm payrolls grew by a seasonally adjusted 257,000 jobs in January, the Labor Department said Friday. And job creation was far stronger in prior months than previously estimated, with the government raising its estimates of new jobs in November and December by a combined 147,000. November’s reading of 423,000 jobs added marked the strongest month of private-sector hiring since 1997.

    The unemployment rate, calculated from a separate survey of households, climbed to 5.7% in January, up from December’s 5.6%. The rate rose because the labor force grew as more Americans searched for jobs, a sign of growing confidence among households.'


    Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7% - WSJ

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Looks like a great report, except the unemployment rate rose.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Oh...this was part of the report:

    'Establishment survey data have been revised as a result of the annual benchmarking process and the updating of seasonal adjustment factors. Also, household survey data for January 2015 reflect updated population estimates. See the notes at the end ot this news release for more information about these changes.'


    Oh great...they are moving the goal posts yet again.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Labor force participation increased to 62.9%, from 62.7%, hourly wage rate bumped up slightly. Strongest month of jobs growth since 1997. 3 best consecutive months since 1998. 12th month in a row with job growth over 200,000.

    Lots of growth in health/education, professional services, retail, construction.

    Unemployment rates rose slightly because more people are getting back into the job market, and looking for work.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by Visbek View Post
    Labor force participation increased to 62.9%, from 62.7%, hourly wage rate bumped up slightly. Strongest month of jobs growth since 1997. 3 best consecutive months since 1998. 12th month in a row with job growth over 200,000.

    Lots of growth in health/education, professional services, retail, construction.

    Unemployment rates rose slightly because more people are getting back into the job market, and looking for work.
    Because Census updates the Population controls (you'll note that the Population level went way up), the December-January changes are never reliable because previous months aren't revised. A lot of the changes were due only to the shift in population.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by DA60 View Post
    Oh...this was part of the report:

    'Establishment survey data have been revised as a result of the annual benchmarking process and the updating of seasonal adjustment factors. Also, household survey data for January 2015 reflect updated population estimates. See the notes at the end ot this news release for more information about these changes.'


    Oh great...they are moving the goal posts yet again.
    How is smoothing out the curve to see the actual trend instead of regular seasonal changes moving goalposts? Which of the lines below better depicts the trend in Employment?

    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by DA60 View Post
    Looks like a great report, except the unemployment rate rose.
    The labor force participation rate increased. Many conservatives claim that is more important than the U3.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by imagep View Post
    The labor force participation rate increased. Many conservatives claim that is more important than the U3.
    Only when the President is a Democrat, and only when LFPR is going down.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by pinqy View Post
    How is smoothing out the curve to see the actual trend instead of regular seasonal changes moving goalposts? Which of the lines below better depicts the trend in Employment?

    From that chart, it looks like we have gained nearly 11 million jobs. If the average rate of gain during the past three months continues, we will gain another 8 million jobs by the end of the Obama administration, for a total of 19 million minus the 5 million lost in 2009. If it werent for the huge job losses in 2009, the economy would have nearly matched Clintons job gains, and exceeded Reagan's. Still, a net game of 14 million aint bad when W only gained 1.1 million jobs. Imagine that, Obama being 12 times more successful than Bush.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Jobs Report: U.S. Adds 257,000 Jobs; Unemployment Ticks Up to 5.7%

    Quote Originally Posted by Visbek View Post
    Only when the President is a Democrat, and only when LFPR is going down.
    That's right. Sorry, I forget the rules sometimes. Maybe because they change on a month by month bases.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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