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Payrolls Climb as Jobless Rate Declines

Tettsuo

Tettsuo

Compassion is Strength
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Payrolls in U.S. Climb as Jobless Rate Declines, Wages Rise - Bloomberg Business

[h=3]By Industry[/h]Retailers added almost 58,000 jobs last month, the most since November 2014, and the health care industry took on another 44,000 workers. Perhaps most surprising was a 29,000 gain in hiring at manufacturers, the biggest increase since August 2013.
Payrolls picked up at producers of fabricated metals, automobiles, food and furniture.

The median forecast in a Bloomberg survey called for a 190,000 gain in overall payrolls last month, with estimates ranging from gains of 142,000 to 260,000.
December payrolls were revised down to 262,000 from 292,000 and November employment was revised up to 280,000 from 252,000. The revisions to these months subtracted a total of 2,000 jobs to overall payrolls.
Friday’s data showed a much-awaited pickup in wage growth is starting to manifest itself. Average hourly earnings rose 0.5 percent from a month earlier to $25.39. The year-over-year increase of 2.5 percent followed a 2.7 percent jump in the 12 months ended in December, which was the biggest advance since mid-2009.
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Damn liberal policies!!
 
tres borrachos said:
What are the "damn liberal policies" that are behind this specifically?
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None. LOL, it's comical.

I expect a good year economically now that it's becoming apparent that Hillary is going to be easy to beat in nine months. There's hope that these medieval last seven years are almost behind us.
 
Will there ever be a time that Obama gets some credit from conservatives (or at least doesn't have to continue to face the baseless "he is a disaster") for his influence, albeit small, on the economy over the past 7 years?
 
Erod said:
None. LOL, it's comical.

I expect a good year economically now that it's becoming apparent that Hillary is going to be easy to beat in nine months. There's hope that these medieval last seven years are almost behind us.
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Medieval? ROFL.

Just a decrease of about 5% to the unemployment rate. A US record for private sector job growth. Multiple stock market records. Multiple corporate profit records.
 
tres borrachos said:
What are the "damn liberal policies" that are behind this specifically?
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Quantitative Easing, the Bond Buying Program, and the multiple bailouts (I understand that Bush pushed for initial bailouts, but it is safe to say that his policy was denigrated as not being a conservative policy).
 
MrT said:
Quantitative Easing, the Bond Buying Program, and the multiple bailouts (I understand that Bush pushed for initial bailouts, but it is safe to say that his policy was denigrated as not being a conservative policy).
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The Fed is an independent bank, the "liberals" have nothing to do with it.

But sure, let's saddle "liberals" with bank bailouts.
 
MrT said:
Medieval? ROFL.

Just a decrease of about 5% to the unemployment rate. A US record for private sector job growth. Multiple stock market records. Multiple corporate profit records.
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If that were all real, the fed wouldn't have the interest rates set on 0 for this long. A big recession is looming. Obama certainly took care of his Wall Street friends and donors.

Dropping out of the job market or taking part time work is only progress in a liberal's mind.
 
MrT said:
Will there ever be a time that Obama gets some credit from conservatives (or at least doesn't have to continue to face the baseless "he is a disaster") for his influence, albeit small, on the economy over the past 7 years?
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I will be happy to give Obama credit when you give us the specific legislation he authored or the Democrats in Congress authored that created these numbers. Seems to me more of a tribute to the private sector economy of survival than any liberal policies you want to trumpet. Let's hear it, what policies???
 
Erod said:
If that were all real, the fed wouldn't have the interest rates set on 0 for this long. A big recession is looming. Obama certainly took care of his Wall Street friends and donors.

Dropping out of the job market or taking part time work is only progress in a liberal's mind.
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Continuing to cite baseless and irrelevant statistics while dismissing the rest as fake is only a legitimate argument in your mind.
 
jmotivator said:
The Fed is an independent bank, the "liberals" have nothing to do with it.

But sure, let's saddle "liberals" with bank bailouts.
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I don't think there is any argument against the notion that the government producing and spending more money, supplying private industry with bailouts, and reducing interest rates to historic lows would qualify as a "liberal" monetary policy.

But if you want to make the argument that type of policy is actually conservative, I'm all ears.
 
MrT said:
Continuing to cite baseless and irrelevant statistics while dismissing the rest as fake is only a legitimate argument in your mind.
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No, those of us who run businesses know what is going on.

You can make money in any conditions, so Wall Street is never really in danger. But job numbers can be WILDLY manipulated, and they are. Some people are doing just fine, but unemployment in certain sectors, particularly among black Americans, is worse than it's been since the Great Depression.

Some states, such as Texas, have hardly felt any of this. Other regions continue to be paralyzed by the results of liberal policies and union constraints.
 
Conservative said:
I will be happy to give Obama credit when you give us the specific legislation he authored or the Democrats in Congress authored that created these numbers. Seems to me more of a tribute to the private sector economy of survival than any liberal policies you want to trumpet. Let's hear it, what policies???
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The monetary policy by the Federal Reserve (Quantitative easing, reduction to the interest rate, and the Bond Buying program) were supported by the Obama administration and there can be very little arguing against the fact that those policies are "liberal" as opposed to a "conservative" monetary policy.

Additionally, you have the monetary infusion from the Obama administration into Green Industries that is currently showing off as one of the largest expansion of Green Energy in the U.S. You also have the auto bailout. Then there was the stimulus package championed by Obama (that built off another "liberal" stimulus package championed by Bush).

Like I said, his influence on the US economy is fairly small.

However, it is not imaginary.
 
faithful_servant said:
Just as in 2006, the market is anticipating a more conservative Congress. Then, the market saw that a more liberal Congress was coming and reacted by contracting, now they are seeing a more conservative Congress coming and are expanding. The market doesn't look back and respond, it looks forward and tries to anticipate.
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Whether liberals or conservatives dominate the political arena does not impact whether companies are profitable or not.... A perfect example of the failures of the U.S. education system.
 
jmotivator said:
The Fed is an independent bank, the "liberals" have nothing to do with it.

But sure, let's saddle "liberals" with bank bailouts.
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Conservatives have opposed Fed policy since before it began!
 
Erod said:
If that were all real, the fed wouldn't have the interest rates set on 0 for this long.
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This is not true. Interest rates are determined by market forces. When the Fed raised their target rate by 25 basis points... why did the yield curve flatten?

A big recession is looming. Obama certainly took care of his Wall Street friends and donors.
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Your expertise in macroeconomics is non-existent.

Dropping out of the job market or taking part time work is only progress in a liberal's mind.
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Don't let facts get in the way of your parroted rhetoric.

fredgraph.png
 
Erod said:
No, those of us who run businesses know what is going on.

You can make money in any conditions, so Wall Street is never really in danger. But job numbers can be WILDLY manipulated, and they are. Some people are doing just fine, but unemployment in certain sectors, particularly among black Americans, is worse than it's been since the Great Depression.

Some states, such as Texas, have hardly felt any of this. Other regions continue to be paralyzed by the results of liberal policies and union constraints.
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I'm curious - where does Texas rank in terms of resources taken from the Federal government compared to the resources given to the Federal Government? And how does Texas compare to "liberal" bastions like California or Illionois?
 
MrT said:
Quantitative Easing, the Bond Buying Program, and the multiple bailouts (I understand that Bush pushed for initial bailouts, but it is safe to say that his policy was denigrated as not being a conservative policy).
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It was neither a particularly conservative or liberal policy. It was a bipartisan effort, proposed and enacted by Bush with the help of Pelosi and a democratically-controlled congress. TARP was very controversial and not popular with the fringes of either party (though more so among Republicans). Bernie Sanders is an example of one of the more left-wing senators who voted against it.
 
MrT said:
Continuing to cite baseless and irrelevant statistics while dismissing the rest as fake is only a legitimate argument in your mind.
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Why don't you post the relative statistics for discouraged workers, part time employees for economic reasons vs. buying what you are told and what you want to believe?
 
MrT said:
I'm curious - where does Texas rank in terms of resources taken from the Federal government compared to the resources given to the Federal Government? And how does Texas compare to "liberal" bastions like California or Illionois?
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Why don't you post those resources and then ask yourself should the people of TX pay for them?
 
Erod said:
No, those of us who run businesses know what is going on.
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Yeah! Goooooooo Businesses!!!!!! :2dancing:

But job numbers can be WILDLY manipulated, and they are.
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Not only are you incapable of providing worthy support for this statement, you haven't the slightest idea what constitutes job numbers.

but unemployment in certain sectors, particularly among black Americans, is worse than it's been since the Great Depression.
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:lamo

You can support this statement.... right? but you chose not to

Some states, such as Texas, have hardly felt any of this. Other regions continue to be paralyzed by the results of liberal policies and union constraints.
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:roll:
 
Conservative said:
Why don't you post the relative statistics for discouraged workers, part time employees for economic reasons vs. buying what you are told and what you want to believe?
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fredgraph.png
 
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