Unemployment Rate Down to 4.9%

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Unemployment Rate Down to 4.9%
Posted by SMAZ on Fri Feb 5 10:41:44 2016 fiogf49gjkf0d We are now pretty much at full employment. God Bless Barack Obama ------------------ Job growth slows in Jan. as unemployment rate hits 8-year low Paul Davidson, USA TODAY U.S. employers added 151,000 jobs in January. That's a sharp deceleration from recent months, as companies shed education, transportation and temporary workers. The Labor Department says the jobs gains were enough for the unemployment rate to fall. USA TODAY Payroll growth slowed in January after a string of impressive gains as employers added 151,000 jobs, raising concerns that troubles overseas may be dampening business confidence and rattling the U.S. economy. The unemployment rate, which is calculated from a different survey, fell to 4.9% from 5%, the Labor Department said Friday. That's the lowest rate since February 2008. A big gain in employment more than offset a large increase in the labor force, which includes Americans working and looking for jobs. Economists surveyed by Bloomberg expected 190,000 job gains, according to their median forecast. Some analysts, however, expected employment growth to slow after a blockbuster fourth-quarter that saw the economy add well over 250,000 jobs a month. Goldman Sachs said the totals were likely inflated by unusually warm weather and it expected some payback in January. High Frequency Economics noted that seasonal adjustments are particularly challenging in January, when payrolls typically shrink after the holiday shopping season. "There's too much noise" in the report to provide a meaningful signal about the health of the labor market, says Steven Blitz, chief economist of investment firm ITG. He says the Federal Reserve, which raised interest rates last month for the first time in nine years, will -likely wait until February's payroll report for a clearer gauge of employment as it weighs further hikes this year. Businesses added 158,000 jobs, led by gains in retail, restaurants, healthcare and manufacturing. Federal, state and local governments lost 7,000. Job gains for November and December were revised down by a total 2,000. Labor also made relatively small, annual revisions that pushed up total job gains for 2015 by 85,000. Average hourly wages rose 12 cents to $25.39, and are up 2.5% the past year, possibly reflecting an acceleration as the labor market tightens. In another encouraging sign, the average work week edged up to 34.6 hours from 34.5 hours. Employers typically increase the hours of existing workers before adding new ones. Other labor-market indicators have suggested job growth sputtered last month. Surveys of both the manufacturing and service sectors showed significantly weaker hiring. And initial jobless claims, a reliable measure of layoffs, rose. The reports have raised concerns that the struggles of manufacturers stemming from a weak global economy, strong dollar and low oil prices may be spreading to the previously healthy service sector, which comprises about 80% of economic activity. At the same time, payroll processor ADP said businesses added 205,000 jobs last month, raising hopes that Labor's report would tally sturdy gains as well. After months of job losses or modest gains, Labor said, manufacturers added a healthy 29,000 jobs last month in a sign that the negative effects of global weakness and low oil prices may be easing. But oil companies continued to lay off workers, shedding a net 7,000 last month. Retailers added 58,000 jobs; restaurants, 47,000; and health care, 37,000. Professional and business services added just 9,000 jobs, but that partly reflects a 25,000 drop in temporary workers following the busy shopping season. And payrolls in transportation and warehousing fell by 20,000, largely because of unusually large layoffs among couriers and messengers after strong seasonal hiring the previous two months, Labor said. The government said last week the economy grew just 0.7% in the fourth quarter as the global troubles and oil's downturn hammered exports and business investment. But job growth held up well as services firms such as restaurants and financial firms continued to ramp up hiring. Some economists say the labor market is easier to measure than gross domestic product and a better barometer of the economy's health. Many economists expect payroll growth to naturally slow this year as the near-normal unemployment rate leaves a smaller pool of available workers.
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Re: Unemployment Rate Down to 4.9%
Posted by AlM* on Fri Feb 5 10:45:56 2016, in response to Unemployment Rate Down to 4.9%, posted by SMAZ on Fri Feb 5 10:41:44 2016.* fiogf49gjkf0d Also noteworthy: the United States has 4.9 million more jobs than it did at the onset of the recession in December 2007
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Re: Unemployment Rate Down to 4.9%
Posted by italianstallion* on Fri Feb 5 11:12:02 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by AlM on Fri Feb 5 10:45:56 2016.* fiogf49gjkf0d And even more: "Average hourly wages rose 12 cents to $25.39, and are up 2.5% the past year, possibly reflecting an acceleration as the labor market tightens. In another encouraging sign, the average work week edged up to 34.6 hours from 34.5 hours. Employers typically increase the hours of existing workers before adding new ones."
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Re: Unemployment Rate Down to 4.9%
Posted by SMAZ* on Fri Feb 5 11:16:56 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by italianstallion on Fri Feb 5 11:12:02 2016.* fiogf49gjkf0d The net monthly gains are probably gonna end up slowing down because almost everyone who wants a job already has one. Another good statistic from last month is that more people are quitting their current jobs in favor of better ones. This is pushing up wages. Thank you Mr. President.
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Re: Unemployment Rate Down to 4.9%
Posted by ChicagoMotorman* on Fri Feb 5 12:55:11 2016, in response to Unemployment Rate Down to 4.9%, posted by SMAZ on Fri Feb 5 10:41:44 2016.* fiogf49gjkf0d
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Re: Unemployment Rate Down to 4.9%
Posted by ChicagoMotorman* on Fri Feb 5 12:55:34 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by italianstallion on Fri Feb 5 11:12:02 2016.* fiogf49gjkf0d
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Re: Unemployment Rate Down to 4.9%
Posted by ChicagoMotorman* on Fri Feb 5 12:56:06 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by SMAZ on Fri Feb 5 11:16:56 2016.* fiogf49gjkf0d
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Re: Unemployment Rate Down to 4.9%
Posted by R2ChinaTown* on Fri Feb 5 13:15:26 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by AlM on Fri Feb 5 10:45:56 2016.* fiogf49gjkf0d Also noteworthy, Wall street thinks the ocamaconomy still stinks.
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Re: "Unemployment Rate" Down to 4.9%
Posted by Olog-hai* on Fri Feb 5 13:20:54 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by R2ChinaTown on Fri Feb 5 13:15:26 2016.* fiogf49gjkf0d That's what to gauge the propaganda against.
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Re: ''Unemployment Rate'' Down to 4.9%
Posted by R2ChinaTown* on Fri Feb 5 13:25:19 2016, in response to Re: "Unemployment Rate" Down to 4.9%, posted by Olog-hai on Fri Feb 5 13:20:54 2016.* fiogf49gjkf0d Obama did his victory lap while middle class is suffering. Think "Nero-Fiddle".
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Re: ''Unemployment Rate'' Down to 4.9%
Posted by R2ChinaTown* on Fri Feb 5 13:25:20 2016, in response to Re: "Unemployment Rate" Down to 4.9%, posted by Olog-hai on Fri Feb 5 13:20:54 2016.* fiogf49gjkf0d Obama did his victory lap while middle class is suffering. Think "Nero-Fiddle".
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Re: ''Unemployment Rate'' Down to 4.9%
Posted by Olog-hai* on Fri Feb 5 13:30:25 2016, in response to Re: ''Unemployment Rate'' Down to 4.9%, posted by R2ChinaTown on Fri Feb 5 13:25:20 2016.* fiogf49gjkf0d To him, the middle class is the "bourgeoisie" and thus the enemy.
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Re: Unemployment Rate Down to 4.9%
Posted by WayneJay* on Fri Feb 5 14:35:47 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by AlM on Fri Feb 5 10:45:56 2016.* fiogf49gjkf0d Any moment one of the haters will enlighten us on how the economy was great in '07, and has been in a steady decline since 1/20/09.
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Re: Unemployment Rate Down to 4.9%
Posted by AlM* on Fri Feb 5 14:40:19 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by WayneJay on Fri Feb 5 14:35:47 2016.* fiogf49gjkf0d Don't forget that Obama's policies will lead to double digit inflation by 2014!
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Re: Unemployment Rate Down to 4.9%
Posted by bingbong* on Fri Feb 5 15:26:42 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by R2ChinaTown on Fri Feb 5 13:15:26 2016.* fiogf49gjkf0d Wrong. They are contending with weakness in Asia. That's also dragging down oil prices. It's all intertwined, especially at that level.
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Re: Unemployment Rate Down to 4.9%
Posted by bingbong* on Fri Feb 5 15:59:23 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by AlM on Fri Feb 5 14:40:19 2016.* fiogf49gjkf0d My wheelbarrow cover business isn't thriving, yunno.
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Re: ''Unemployment Rate'' Down to 4.9%
Posted by SMAZ* on Fri Feb 5 16:34:29 2016, in response to Re: ''Unemployment Rate'' Down to 4.9%, posted by R2ChinaTown on Fri Feb 5 13:25:20 2016.* fiogf49gjkf0d Obama did a victory lap when the American people gave him a deserved second term. OTOH, I wish Romney had won so that we would have had unemployment go under 6% by the end of 2016 like he promised.
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Re: Unemployment Rate Down to 4.9%
Posted by SMAZ* on Fri Feb 5 16:36:28 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by AlM on Fri Feb 5 14:40:19 2016.* fiogf49gjkf0d and all those businesses that are gonna lay off people and cut hours because of Obamacare.
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Re: Unemployment Rate Down to 4.9%
Posted by WayneJay* on Fri Feb 5 16:47:39 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by AlM on Fri Feb 5 14:40:19 2016.* fiogf49gjkf0d Right. I'm very thankful that I didn't have the misfortune of losing my job during those times. However, I can only imagine the thoughts of some of the millions who did lose their jobs at the time when the battle was on about extending unemployment benefits. So a person has lost their job, gone through savings, cashed in their 401k, and about to run out of money. Yet the bills are still there, family needs to eat etc. Then we have the GOP's solution to cut taxes, then those (wealthy and large companies) benefiting will eventually start spending/investing which in turn would create jobs, and problem solved. All of this to avoid extending unemployment benefits, as that also would make the recipients lazy/dependent on that gravy train and they wouldn't look for another job. So, the person is down on their luck, has to wait for tax cuts and the benefits to trickle down along with their representives essentially saying they can't be trusted with unemployment benefits. Nice!
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Re: Unemployment Rate Down to 4.9%
Posted by italianstallion* on Fri Feb 5 20:58:27 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by ChicagoMotorman on Fri Feb 5 12:55:34 2016.* fiogf49gjkf0d No one cares.
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Re: Unemployment Rate Down to 4.9%
Posted by AlM* on Fri Feb 5 21:03:42 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by italianstallion on Fri Feb 5 20:58:27 2016.* fiogf49gjkf0d Well, Obama will never win another Presidential election. It must be due to that video.
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Re: Unemployment Rate Down to 4.9%
Posted by SelkirkTMO* on Fri Feb 5 21:11:07 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by AlM on Fri Feb 5 21:03:42 2016.* fiogf49gjkf0d I sure ain't voting for him. :)
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Re: Unemployment Rate Down to 4.9%
Posted by WillD* on Fri Feb 5 21:49:18 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by SMAZ on Fri Feb 5 16:36:28 2016.* fiogf49gjkf0d For that matter, didn't the idiot who owns Papa John's "pizza" claim his Obamacare expenditures would cause him to hike prices by a significant amount? I guess coming from the owner of a company that more than likely avoids paying its employees minimum wage that's to be expected.
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Re: Unemployment Rate Down to 4.9%
Posted by chicagomotorman* on Fri Feb 5 22:00:11 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by italianstallion on Fri Feb 5 20:58:27 2016.* fiogf49gjkf0d Fuck you.
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Re: Unemployment Rate Down to 4.9%
Posted by chicagomotorman* on Fri Feb 5 22:01:24 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by AlM on Fri Feb 5 21:03:42 2016.* fiogf49gjkf0d No, he will declare martial law.
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Re: Unemployment Rate Down to 4.9%
Posted by 3-9* on Fri Feb 5 22:04:53 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by SelkirkTMO on Fri Feb 5 21:11:07 2016.* fiogf49gjkf0d Don;t worry, when he declares martial law, he won't need your vote. :-)
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Re: Unemployment Rate Down to 4.9%
Posted by SelkirkTMO* on Fri Feb 5 23:02:36 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by 3-9 on Fri Feb 5 22:04:53 2016.* fiogf49gjkf0d I dunno ... you can just tell by his expressions lately that he can't wait for that door to hit him on the ass. :)
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Re: Unemployment Rate Down to 4.9%
Posted by 3-9* on Fri Feb 5 23:08:40 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by SelkirkTMO on Fri Feb 5 23:02:36 2016.* fiogf49gjkf0d Maybe he'll declare martial law at 11:59pm on his last day just so the Tea Party will be right about something. Then he'll quit immediately after. :-)
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Re: Unemployment Rate Down to 4.9%
Posted by SelkirkTMO* on Fri Feb 5 23:17:01 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by 3-9 on Fri Feb 5 23:08:40 2016.* fiogf49gjkf0d Appease the tea party. Good one. :)
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Re: Unemployment Rate Down to 4.9%
Posted by SMAZ* on Sat Feb 6 10:21:16 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by chicagomotorman on Fri Feb 5 22:01:24 2016.* fiogf49gjkf0d and he knows where you live.
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Re: Unemployment Rate Down to 4.9%
Posted by chicagomotorman* on Sat Feb 6 11:44:18 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by SMAZ on Sat Feb 6 10:21:16 2016.* fiogf49gjkf0d As well as you.
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Re: Unemployment Rate Down to 4.9%
Posted by WayneJay* on Mon Feb 8 12:42:34 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by chicagomotorman on Fri Feb 5 22:01:24 2016.* fiogf49gjkf0d You probably should wait in a safe place so that you're protected from the troopers once President Obama declares martial law. At the same time Sarah Palin continues to watch from her back porch to ensure that the Russians aren't trying to sneak in.
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Re: Unemployment Rate Down to 4.9%
Posted by ChicagoMotorman* on Mon Feb 8 13:02:38 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by WayneJay on Mon Feb 8 12:42:34 2016.* fiogf49gjkf0d I respect you for liking obama. Please respect me for not liking him.
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Re: Unemployment Rate Down to 4.9%
Posted by WayneJay* on Mon Feb 8 14:03:39 2016, in response to Re: Unemployment Rate Down to 4.9%, posted by ChicagoMotorman on Mon Feb 8 13:02:38 2016.* fiogf49gjkf0d Hmmm! Does that random rambling mean you can't think of an intelligent response??? This thread is not about who likes and/or dislikes President Obama.
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