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US Unemployment Rate Back Up to 7.9%
1 year ago  ::  Feb 01, 2013 - 9:44AM #1
Bronxbob
Posts: 3,226

There are currently 8.5 million more American not in the labor force than just four years ago.



The new year started off with an old story: Employment grew again in January but not at a pace able to lower the jobless rate.


Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve’s monetary policy or instill confidence that the recovery is gaining steam.


Economists were looking for 160,000 net new jobs created with the unemployment rate holding steady at 7.8 percent.


The ho-hum jobs numbers for January were accompanied by substantial revisions higher for previous months, according to the report from the Bureau of Labor Statistics.


November’s numbers rose from the originally reported 161,000 to 247,000, while December was pushed upward to 196,000 from 155,000.


“The gains we’ve received on the January jobs report are the start of positive readings for the foreseeable future,” said Todd Schoenberger, managing partner at LandColt Capital. “The first quarter has historically delivered surprises to the upside anyway, so expect January revisions and February-March readings to be significantly positive.”


http://www.thegatewaypundit.com/wp-content/uploads/2013/02/bo-2012.jpg


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1 year ago  ::  Feb 01, 2013 - 10:51AM #2
newinn
Posts: 18,109

Feb 1, 2013 -- 9:44AM, Bronxbob wrote:


There are currently 8.5 million more American not in the labor force than just four years ago.



The new year started off with an old story: Employment grew again in January but not at a pace able to lower the jobless rate.


Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve’s monetary policy or instill confidence that the recovery is gaining steam.


Economists were looking for 160,000 net new jobs created with the unemployment rate holding steady at 7.8 percent.


The ho-hum jobs numbers for January were accompanied by substantial revisions higher for previous months, according to the report from the Bureau of Labor Statistics.


November’s numbers rose from the originally reported 161,000 to 247,000, while December was pushed upward to 196,000 from 155,000.


“The gains we’ve received on the January jobs report are the start of positive readings for the foreseeable future,” said Todd Schoenberger, managing partner at LandColt Capital. “The first quarter has historically delivered surprises to the upside anyway, so expect January revisions and February-March readings to be significantly positive.”


http://www.thegatewaypundit.com/wp-content/uploads/2013/02/bo-2012.jpg






and as of 10:50 this morning the dow is up 132 points based on the released job numbers. How was the economy and the unemployment rate trending by the time Bush left office? You guys are funny

1 year ago  ::  Feb 01, 2013 - 11:56AM #3
ArtVandelay
Posts: 14,996

Feb 1, 2013 -- 10:51AM, newinn wrote:


and as of 10:50 this morning the dow is up 132 points based on the released job numbers. How was the economy and the unemployment rate trending by the time Bush left office? You guys are funny




why do you care about Wall Street?  it's just a bunch of rich white guys getting richer...  this is borderline racism on your part...  you need to go back to sensitivity training like right now!

1 year ago  ::  Feb 01, 2013 - 11:58AM #4
MAX
Posts: 10,962

November’s numbers rose from the originally reported 161,000 to 247,000, while December was pushed upward to 196,000 from 155,000.

1 year ago  ::  Feb 04, 2013 - 7:57PM #5
GlenninVirginia
Posts: 6,399

Feb 1, 2013 -- 11:56AM, ArtVandelay wrote:


Feb 1, 2013 -- 10:51AM, newinn wrote:


and as of 10:50 this morning the dow is up 132 points based on the released job numbers. How was the economy and the unemployment rate trending by the time Bush left office? You guys are funny




why do you care about Wall Street?  it's just a bunch of rich white guys getting richer...  this is borderline racism on your part...  you need to go back to sensitivity training like right now!




If I didn't know better, I'd suspect you and I were separated at birth.

1 year ago  ::  Feb 05, 2013 - 1:21AM #6
RockinDaBronx
Posts: 3,200

I guess Obama is responsible for this as well



Market Snapshot



Feb. 4, 2013, 4:52 p.m. EST


Stocks’ worst day of year sends Dow below 14,000


As Italian, Spanish debt yields surge, U.S. stocks lose five-year highs.


www.marketwatch.com/Story/story/print?gu...



ya had to know this was coming,lol.




1 year ago  ::  Feb 05, 2013 - 10:07AM #7
prof. quiz
Posts: 3,376

The market has always followed the daily undulations like a roller coaster. Just like inflation it inevitably goes up over the long haul.

1 year ago  ::  Feb 05, 2013 - 6:39PM #8
GlenninVirginia
Posts: 6,399

Maybe the stock market is following Bob Menendez's undulations.

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