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Thread: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

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    Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    U.S. payrolls unexpectedly fell in January, but the unemployment rate surprisingly dropped to a five-month low, according to a government report Friday that hinted at labor market improvement.

    Job Losses

    The Labor Department said the economy shed 20,000 jobs after losing 150,000 jobs in December. November was revised to a gain of 64,000, up from 4,000. Annual benchmark revisions to payrolls data showed the economy has purged 8.4 million jobs since the start of the recession in December 2007.

    "Even as today's numbers contain signs of the beginning of recovery, they are also a reminder of how far we still have to go to return the economy to robust health and full employment," said White House economic adviser Christina Romer.

    "The economy is moving slowly and it takes time for companies to turn around from where they were to where they are going," said Torsten Slok, senior economist at Deutsche Bank in New York.

    Analysts speculated the decline in the unemployment rate could see the Federal Reserve raising interest rates sooner than expected.

    Financial markets have grown nervous about the prospect of unemployment in the United States remaining high for a long time. The economy resumed growth in the second half of 2009 and labor market healing is crucial for a self-sustaining economic recovery to take root.

    http://www.cnbc.com/id/35254420

    Another sign of recovery even though this time of the year is usually opaque. I bolded the part about the Fed raising rates as this might have something to do with the market being spooked. Yields are down across the board on all major Treasuries (world wide) and the dollar is rallying which is a signal of continued downward pressure in equities.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Some additional commentary by Bill Gross:

    "We think that it's substantially different this time, based upon the fact that instead of levering we're delevering and instead of deregulating we're regulating," Gross said. "Both of those conditions in combination produce a very weak economy, very slow growth and ultimately have effects on asset markets that depend on asset appreciation."

    "The growth has been really based on a check not only by the US government but many sovereign governments," he said. "The minute that check disappears the private market is standing very lonesome and on its own legs."

    "Four percent growth in the first quarter is probably a reasonable expectation," he said. "But the unemployment is a long-term structural problem."
    http://www.cnbc.com/id/35255832
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Please use you brain for a minute, and I know it's a lot to axe of Obama worshipers and Liberals in general, but when people fall off the far end of the unemployment rolls they numbers are going to go down.

    The numbers are also going to go down because there are fewer jobs left to lose.

    When Bush the numb skull in chief I thought is couldn't get worse, but I admit I was wrong.

    It was bad when Bush did things that made me wonder how dumb he really was, but now with Obama I have to ask how stupid does this amateur think we are?

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Obama must have inherited this improvement from Bush.
    "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: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Councilman View Post
    Please use you brain for a minute,


    And you follow it up with this

    and I know it's a lot to axe of Obama worshipers and Liberals in general, but when people fall off the far end of the unemployment rolls they numbers are going to go down.

    The numbers are also going to go down because there are fewer jobs left to lose.

    When Bush the numb skull in chief I thought is couldn't get worse, but I admit I was wrong.

    It was bad when Bush did things that made me wonder how dumb he really was, but now with Obama I have to ask how stupid does this amateur think we are?
    Quality commentary
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quick, hide this thread from the Obamaphobes or they'll start having strokes... er, never mind.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Councilman View Post
    Please use you brain for a minute, and I know it's a lot to axe of Obama worshipers and Liberals in general, but when people fall off the far end of the unemployment rolls they numbers are going to go down.

    The numbers are also going to go down because there are fewer jobs left to lose.

    When Bush the numb skull in chief I thought is couldn't get worse, but I admit I was wrong.

    It was bad when Bush did things that made me wonder how dumb he really was, but now with Obama I have to ask how stupid does this amateur think we are?
    I imagine you heard this on Faux Entertainment which is why I don't expect you to produce the source but I have to ask. Source please.

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Councilman View Post
    Please use you brain for a minute, and I know it's a lot to axe of Obama worshipers and Liberals in general, but when people fall off the far end of the unemployment rolls they numbers are going to go down.

    The numbers are also going to go down because there are fewer jobs left to lose.

    When Bush the numb skull in chief I thought is couldn't get worse, but I admit I was wrong.

    It was bad when Bush did things that made me wonder how dumb he really was, but now with Obama I have to ask how stupid does this amateur think we are?
    As far as I understand the way the US does its unemployment numbers have not changed since before Bush.
    PeteEU

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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Quote Originally Posted by Councilman View Post
    Please use you brain for a minute, and I know it's a lot to axe of Obama worshipers and Liberals in general, but when people fall off the far end of the unemployment rolls they numbers are going to go down.

    The numbers are also going to go down because there are fewer jobs left to lose.

    When Bush the numb skull in chief I thought is couldn't get worse, but I admit I was wrong.

    It was bad when Bush did things that made me wonder how dumb he really was, but now with Obama I have to ask how stupid does this amateur think we are?
    You either didn't read the article or you read it and didn't understand it. So instead you attacked Obama, his supporters, and the poster who took the time to post the article for the rest of us.

    You are not contributing anything worthwhile to the thread. If that's the best you can do then please be quiet while the rest of us try to have an adult conversation.
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    Re: Economy Sheds 20,000 Jobs But Rate Drops to 9.7 Percent

    Think. Jobless recovery? We stop counting people who dont recieve unemployement ? They found 250,000 jobs?The real problem is The information If we had a news media that wasnt made up of former government employees and Political operatives ; we would see someone ask
    The hard questions, like- "Why not manufacture Goods and products at home"?
    Why not use the same Laws say: like we did for the, Financial Industry to Start National Manufacturing at home and Spur our own economy? "National Econimic Security", is what the American people want SAY it! Repaet after me.." We want our own jobs and our own Manufacturing base", NOW!

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