Strong Job Growth In December

[RobDownSouth]

U.S. payrolls surged in December and the job count for the prior two months was revised sharply higher, showing the economy on solid ground despite a troubling international backdrop.

Nonfarm payrolls increased by 292,000 last month, the Labor Department said on Friday, as hiring got a boost from unseasonably warm weather. The unemployment rate held steady at a 7-1/2-year low of 5 percent even as more people entered the labor force, a sign of confidence in the job market.

Remember when Queerbait swore to us that gummint numbers always....ALWAYS...were rounded down later?

And for you "but...but....U6!" mouthbreathers, U6 was up as well. Wages aren't rising (yet) but people are starting to return to the workforce that have been out for a while.

LINK

 

[NOIRTRASH]

17% of all jobs are held by illegals, and overall unemployment increased.

Obama only counts illegals and queers.

 

[lovecraft68]

I love this. Every year we get this spike which is due to seasonal jobs at retail and places like UPS/Fed ex and other carrier services to handle the high volume of holiday shipments.

Or in a company like mine that builds displays and everything starts in October to ship into the stores for Black Friday so we higher a lot of TEMPORARY help for those two months.

Its temp because we know the bottom falls out on our end right after Black Friday and we don't want to hire actual employees knowing they will be laid off right away

This is seasonal only and means jack shit to the over all economy and most importantly does not prove the almighty leaders of this country are doing a damned thing to help it.

Please come back with the Jan/Feb numbers when the majority of these people were let go.

Want to see how fantastic the economy is doing, especially in manufacturing? Google anything on RI business or economy. Believe it or not RI was huge in manufacturing in the 70's 80's even into the early nineties due to the jewelry industry and textiles, now see where its at and also know that most of what's here for jobs are manned by illegal immigrants who work through temp agencies who hold their bonds like some type of slave arrangement

 

[NOIRTRASH]

I love this. Every year we get this spike which is due to seasonal jobs at retail and places like UPS/Fed ex and other carrier services to handle the high volume of holiday shipments.

Or in a company like mine that builds displays and everything starts in October to ship into the stores for Black Friday so we higher a lot of TEMPORARY help for those two months.

Its temp because we know the bottom falls out on our end right after Black Friday and we don't want to hire actual employees knowing they will be laid off right away

This is seasonal only and means jack shit to the over all economy and most importantly does not prove the almighty leaders of this country are doing a damned thing to help it.

Please come back with the Jan/Feb numbers when the majority of these people were let go.

Want to see how fantastic the economy is doing, especially in manufacturing? Google anything on RI business or economy. Believe it or not RI was huge in manufacturing in the 70's 80's even into the early nineties due to the jewelry industry and textiles, now see where its at and also know that most of what's here for jobs are manned by illegal immigrants who work through temp agencies who hold their bonds like some type of slave arrangement

Winter conditions affect employment till summer.

 

[someoneyouknow]

Job growth beats population growth for third year in a row:

http://www.marketwatch.com/story/job-growth-beats-population-growth-for-third-year-in-a-row-2016-01-08

 

[NOIRTRASH]

Job growth beats population growth for third year in a row:

http://www.marketwatch.com/story/job-growth-beats-population-growth-for-third-year-in-a-row-2016-01-08

Naaah. It jobs were plentiful gas sales would be terrific, and jobs wouldn't be at the top of everyone's anxiety list.

 

[NeverEndingMe]

gotta say, you do ignorant very well. in the world there are not many that can be as fucked up as you.

carry on slave!

drink the juice

U.S. payrolls surged in December and the job count for the prior two months was revised sharply higher, showing the economy on solid ground despite a troubling international backdrop.

Nonfarm payrolls increased by 292,000 last month, the Labor Department said on Friday, as hiring got a boost from unseasonably warm weather. The unemployment rate held steady at a 7-1/2-year low of 5 percent even as more people entered the labor force, a sign of confidence in the job market.

Remember when Queerbait swore to us that gummint numbers always....ALWAYS...were rounded down later?

And for you "but...but....U6!" mouthbreathers, U6 was up as well. Wages aren't rising (yet) but people are starting to return to the workforce that have been out for a while.

LINK

 

[RobDownSouth]

I love this. Every year we get this spike which is due to seasonal jobs at retail and places like UPS/Fed ex and other carrier services to handle the high volume of holiday shipments.

Or in a company like mine that builds displays and everything starts in October to ship into the stores for Black Friday so we higher a lot of TEMPORARY help for those two months.

Its temp because we know the bottom falls out on our end right after Black Friday and we don't want to hire actual employees knowing they will be laid off right away

This is seasonal only and means jack shit to the over all economy and most importantly does not prove the almighty leaders of this country are doing a damned thing to help it.

Please come back with the Jan/Feb numbers when the majority of these people were let go.

Want to see how fantastic the economy is doing, especially in manufacturing? Google anything on RI business or economy. Believe it or not RI was huge in manufacturing in the 70's 80's even into the early nineties due to the jewelry industry and textiles, now see where its at and also know that most of what's here for jobs are manned by illegal immigrants who work through temp agencies who hold their bonds like some type of slave arrangement

Nope, I'm not buying what you are selling. These numbers are seasonally-adjusted, which means it takes into account the surge in holiday hiring.

Also, if you look at the three month rolling average of jobs created, the economy is definitely showing signs of robustness and strength.

For example, Detroit is poised to finally exceed it's record year of cars sold, set back in 2000. Low gas prices probably have something to do with it.

There is a fantastic analysis HERE, which details the strength of the job market.

One thing I admit I was wrong about (somewhat) was teh Labor Force Participation Rate (which Wingnut Nation likes to refer to as "but...but...U6!" but only during Democratic presidencies).

Seems that quite a few 50+ folks gave up on teh job market during the Bush Recession....more than can be accounted for than simply Boomers retiring (which was my previous erroneous position).

The strong surge in jobs added has brought these 50-somethings back into teh workforce. This is what Fed Chair Janet Yellen predicted (and I dismissed). If they HADN'T come back into the market then the unemployment rate would've dropped to 4.5% which sounds good in theory but historically triggers a wage/price spiral that causes unwanted levels of inflation.

The U-6 is up for three months now, which is good. Eventually it will plateau again (I seriously doubt it will ever return to pre-boomer levels) and wages will rise. The Fed can then raise the interest rate and prolong the Obama recovery.

Bottom line: It's morning again in Murica, baby!

 

[AlexVega]

Not that I expect most of you to understand this but long term, the U.S. Economy is shaky. Mostly due to Obama and the team that he has in place.

 

[dan_c00000]

Please come back with the Jan/Feb numbers when the majority of these people were let go.

And if those numbers hold or are adjusted upwards will you promise to stop posting?

 

[phrodeau]

I know that Congress have been falling over themselves to pass jobs bills, but they keep getting vetoed.

Well, one bill anyway, the Keystone pipeline project. No doubt that the project would fully employ millions of Americans permanently.

 

[RobDownSouth]

Not that I expect most of you to understand this but long term, the U.S. Economy is shaky. Mostly due to Obama and the team that he has in place.

We've had a 60 month business recovery. The nature of the Business Cycle says there will be peaks 'n valleys.

if the economy is "shaky", it's primarily because of the length of the Business Cycle upward swing.


Attempting to assign blame to "Obama and the team he has in place" is, once again, not supported by facts in the reality-based world.

 

[renard_ruse]

Not that I expect most of you to understand this but long term, the U.S. Economy is shaky. Mostly due to Obama and the team that he has in place.

Its shaky because of 30 years of disastrous "free" trade deals implemented by both parties.

We need to put America first and dump these disastrous trade treaties.

Ross Perot was right!

 

[AlexVega]

just something to think about

“It is a real mystery how you can have nearly 300,000 new jobs created in December with the economy growing by 1 percent or less,” said Torsten Slok, chief international economist for Deutsche Bank Securities in New York. “We can’t have this discrepancy for a long period of time.”

President Obama’s rosy take on the economy in his State of the Union address relied largely on the fact that hiring over the last two years was the healthiest it has been since the late-1990s boom. But the bleak mirror image presented in the Republican debate last week is also based on some hard-to-dismiss economic data: The proportion of Americans in the labor force is the lowest since the 1970s, and wage gains for most workers in the recovery have been scant.

 

[NOIRTRASH]

We've had a 60 month business recovery. The nature of the Business Cycle says there will be peaks 'n valleys.

if the economy is "shaky", it's primarily because of the length of the Business Cycle upward swing.


Attempting to assign blame to "Obama and the team he has in place" is, once again, not supported by facts in the reality-based world.

^^^knows as much about economics as he knows about heterosexual copulation

 

[AlexVega]

We've had a 60 month business recovery. The nature of the Business Cycle says there will be peaks 'n valleys.

if the economy is "shaky", it's primarily because of the length of the Business Cycle upward swing.


Attempting to assign blame to "Obama and the team he has in place" is, once again, not supported by facts in the reality-based world.

Totally with you on the "Business Cycle says there will be peaks 'n valleys" but you lose tack of the major fundamental on how Obama printed and borrowed his way though the election.

The foundation that Obama build, is cracking and has little to do with the 'current' business cycle. Investors are worried. The question is, will consumers freak. If they do, we are in for another 2008.

The scary part is that we have the Empty Suit at the helm and the lines in the sand will not work here. Maybe this is why Obama isn't scolding China for hacking as he's keeping that card close to chest just in case the market goes into a free-fall then Obama will go beg for funds from China.

 

[RobDownSouth]

just something to think about

Not really. In fact, the article you conveniently failed to link to provided an explanation:

The explanation for this dissonance may lie at least in part in the changing nature of the American economy.

Indeed, a crucial cause of the split is that the sectors that have been hardest hit — manufacturing and energy production — nowadays count for much less in terms of employment than they do in output.

The nation’s vast array of service industries, which are more labor-intensive, are actually doing far better, said Laura Rosner, senior United States economist at BNP Paribas.

And the thriving, domestically driven sectors like restaurants, health care, and professional and business services are serving as a firewall protecting the American economy from growing turbulence overseas.

Unlike pussy beta males like AlexVagina, I always provide a LINK

 

[AlexVega]

Not really. In fact, the article you conveniently failed to link to provided an explanation:


Unlike pussy beta males like AlexVagina, I always provide a LINK

Good for you! I'm glad that you take pride in posting a link. Guess being a free thinker isn't something you can do? But you post links better than, everyone here.

 

[Sailor904]

Wait... did you just mock him for providing at least some source work, and then claim the title of 'free thinker' on behalf of folks who don't?

Wow.

Good for you! I'm glad that you take pride in posting a link. Guess being a free thinker isn't something you can do? But you post links better than, everyone here.

 

[phrodeau]

Wait... did you just mock him for providing at least some source work, and then claim the title of 'free thinker' on behalf of folks who don't?

Wow.

You see, if you're a free thinker and don't care about proving your statements, you can post the kind of random word salad seen here:

Totally with you on the "Business Cycle says there will be peaks 'n valleys" but you lose tack of the major fundamental on how Obama printed and borrowed his way though the election.

The foundation that Obama build, is cracking and has little to do with the 'current' business cycle. Investors are worried. The question is, will consumers freak. If they do, we are in for another 2008.

The scary part is that we have the Empty Suit at the helm and the lines in the sand will not work here. Maybe this is why Obama isn't scolding China for hacking as he's keeping that card close to chest just in case the market goes into a free-fall then Obama will go beg for funds from China.

 

[AlexVega]

Wait... did you just mock him for providing at least some source work, and then claim the title of 'free thinker' on behalf of folks who don't?

Wow.

Of course I did.

 

[RUlookingup]

Of course I did.

Personally. I could give a fuck if anyone provides a link. Think with your own fucking brain, not someone else's. So take your fucking links and put them next to your butt plug collection.

 

[AlexVega]

Personally. I could give a fuck if anyone provides a link. Think with your own fucking brain, not someone else's. So take your fucking links and put them next to your butt plug collection.

Anyone can google, question is what can a person do with the information. Those that follow Hillary and Obama tend to lack the ability to think for themselves. Sad, but Obama and Hillary are captain, for a ship filled with fools.

 

[Sean Renaud]

Then stop posting idiot.

 

[RUlookingup]

Then stop posting idiot.

Why would people trying to educate others stop posting. You see the elite left likes to set the narrative. Anyone who questions the narrative is viewed as unfit.....like in the fairytale....the Emperors New Clothes. In reality, we have many points of view, including many the media refuse to discuss. That is why we are here for you Sean Renaud. To help you from.your leftism. So you can understand you don't have to be a victim. No link provided