Author Topic: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%  (Read 2953 times)

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Offline Frank Cannon

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U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« on: February 01, 2019, 01:45:13 pm »
https://www.nytimes.com/2019/02/01/business/economy/jobs-report.html

Quote
The strong Labor Department report indicated that private-sector employers shrugged off the government shutdown.

The Labor Department released its monthly estimate of hiring, unemployment and wages for January on Friday morning. The report provided an important snapshot of the American economy.

    304,000 jobs were added last month. Economists had expected a gain of about 172,000.

    The unemployment rate rose to 4.0 percent, from 3.9 percent.

    Average earnings rose 3 cents per hour in December, and were up 3.2 percent from a year earlier.

    December’s job growth was revised sharply downward. The government now says employers added 222,000 jobs in the final month of the year, down from an earlier estimate of 312,000.

Offline Frank Cannon

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #1 on: February 01, 2019, 01:46:52 pm »
Economists claimed this would be a disaster report because of the Govt' Shutdown. Total bullshit.

Deregulation and tax cuts work. Thank you President Trump!

Offline IsailedawayfromFR

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #2 on: February 01, 2019, 02:19:34 pm »
Economists claimed this would be a disaster report because of the Govt' Shutdown. Total bullshit.

Deregulation and tax cuts work. Thank you President Trump!
Don't forget the chicken littles who predicted tariffs will decimate this country.

They are wrong once again.
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Offline Wingnut

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #3 on: February 01, 2019, 02:21:34 pm »
Proving once again that talking heads don't know squat.
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Offline Frank Cannon

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #4 on: February 01, 2019, 02:23:19 pm »
Don't forget the chicken littles who predicted tariffs will decimate this country.

They are wrong once again.

Proof positive that most of the babble coming from economic experts anymore is nothing but Rat talking points.

Offline Jazzhead

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #5 on: February 01, 2019, 02:34:52 pm »
Economists claimed this would be a disaster report because of the Govt' Shutdown. Total bullshit.

Deregulation and tax cuts work. Thank you President Trump!

Also, the S&P 500 rose 7.9% in January.   Maybe we need to shut down the government more often.   
« Last Edit: February 01, 2019, 02:38:20 pm by Jazzhead »
It's crackers to slip a rozzer the dropsy in snide

Offline Wingnut

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #6 on: February 01, 2019, 02:37:14 pm »
Proof positive that most of the babble coming from economic experts anymore is nothing but Rat talking points.

It is almost like these parasites have a symbiotic relationship.
I am just a Technicolor Dream Cat riding this kaleidoscope of life.

Offline thackney

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #7 on: February 01, 2019, 02:37:27 pm »
Also, the S&P 500 rose 7.9% in March.   Maybe we need to shut down the government more often.


???
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Offline Jazzhead

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #8 on: February 01, 2019, 02:38:43 pm »

???

Oops, gettin' old.   Fixed it. 
It's crackers to slip a rozzer the dropsy in snide

Offline dfwgator

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #9 on: February 01, 2019, 03:05:34 pm »
Also, the S&P 500 rose 7.9% in January.   Maybe we need to shut down the government more often.

The government was shut down?   

Offline Jazzhead

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #10 on: February 01, 2019, 03:08:56 pm »
The government was shut down?   

Well, there was a rumor to that effect.   
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Offline ABX

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #11 on: February 01, 2019, 03:13:38 pm »
Just to be consistent with the measurements we said were accurate post 2009. (When the reported calculation changed)- the rate is actually between 7% to 7.5%.

https://unemploymentdata.com/current-u6-unemployment-rate/

We really shouldn't be promoting those Adjusted U3 numbers. The President himself (before he was elected) called that calculation fradulent and phony.
« Last Edit: February 01, 2019, 03:18:29 pm by ABX »

Offline Wingnut

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #12 on: February 01, 2019, 03:26:53 pm »
Just to be consistent with the measurements we said were accurate post 2009. (When the reported calculation changed)- the rate is actually between 7% to 7.5%.

https://unemploymentdata.com/current-u6-unemployment-rate/

We really shouldn't be promoting those Adjusted U3 numbers. The President himself (before he was elected) called that calculation fradulent and phony.

Hate the game, not the player @ABX
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Offline ABX

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #13 on: February 01, 2019, 04:38:21 pm »
Hate the game, not the player @ABX

Just consistency. You can't say one thing is phony one day, the ln praise it the next just because it makes your team look good.  The problem is many see this as a game.

Offline Frank Cannon

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #14 on: February 01, 2019, 05:07:51 pm »
The government was shut down?   

We've been told but there isn't any evidence of it.

Offline GtHawk

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #15 on: February 01, 2019, 05:30:15 pm »
We've been told but there isn't any evidence of it.
@Amb. Frank Cannon

Did someone say Shutdown?

Sorry...

Offline Frank Cannon

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #16 on: February 01, 2019, 06:44:32 pm »
@Amb. Frank Cannon

Did someone say Shutdown?

Sorry...

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Offline RoosGirl

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #17 on: February 01, 2019, 06:47:53 pm »
So their bogus unemployment rate went up?

Offline Frank Cannon

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #18 on: February 01, 2019, 06:51:42 pm »
So their bogus unemployment rate went up?

I don't know. The numbers are phony so I can't tell.

Offline RoosGirl

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #19 on: February 01, 2019, 06:57:26 pm »
I don't know. The numbers are phony so I can't tell.

It says it right in the article, "phony unemployment rate went up to 4.0% from 3.9%"

Offline ABX

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #20 on: February 01, 2019, 07:00:54 pm »
Flashback.  When Obama was President, people like Rush said that if we weren't gaining 500k jobs per month, we were losing ground and we would need to gain 700K jobs per month for actual job growth.

https://www.rushlimbaugh.com/daily/2012/05/04/obama_s_orwellian_unemployment_numbers/

Offline ABX

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #21 on: February 01, 2019, 07:02:51 pm »
It says it right in the article, "phony unemployment rate went up to 4.0% from 3.9%"

19 times Trump called jobs (adjusted U3) numbers ‘fake’ before they made him look good


https://www.washingtonpost.com/news/wonk/wp/2017/03/10/19-times-trump-called-the-jobs-numbers-fake-before-they-made-him-look-good/


Offline Free Vulcan

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #22 on: February 01, 2019, 07:23:01 pm »
I don't exactly live in a high employment area being an old rust belt region economy. January/February usually sucks for finding jobs.

I've kept an eye this year on the state job listing site. Right now they are falling out of the sky, and I definitely believe the numbers.
The Republic is lost.

Offline Frank Cannon

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #23 on: February 08, 2019, 06:13:38 am »
Bump

Offline jmyrlefuller

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Re: U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%
« Reply #24 on: February 08, 2019, 01:24:47 pm »
Just to be consistent with the measurements we said were accurate post 2009. (When the reported calculation changed)- the rate is actually between 7% to 7.5%.

https://unemploymentdata.com/current-u6-unemployment-rate/

We really shouldn't be promoting those Adjusted U3 numbers. The President himself (before he was elected) called that calculation fradulent and phony.
Compared to the 20%+ it was, apples-to-apples, that's still pretty good.
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