Unemployment rises to 7.9%

[BDKJMU]

169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up

BLS labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work. There were 89 million of them last month.

The number of people not in the labor force had declined in December to 88.8 million from 88.9 million in November.

The nation's unemployment rate increased a tenth of a point in January, rising to 7.9 percent from 7.8 percent, a level the Labor Department described as "essentially unchanged."................
http://cnsnews.com/news/article/169000- ... ment-ticks" onclick="window.open(this.href);return false;

[BDKJMU]

While we can be glad an estimated 157,000 people found jobs in January, another 169,000 people dropped out of the workforce.

The overall workforce participation rate, that is to say the number of able-bodied adults in the job market, is two points lower than when Obama took office, and still hovering at the same levels as the early 1980s when we saw full female integration in the workforce.

If the workforce participation rate were the same as it was when Obama took office, the January unemployment rate would be 10.44 percent.

http://www.foxnews.com/politics/2013/02 ... z2JfdtLbdq" onclick="window.open(this.href);return false;

[bluehenbillk]

If the workforce participation rate were the same as it was when Obama took office, the January unemployment rate would be 10.44 percent.

Can it be confirmed that those people truly dropped out of the eligible workforce or something else occurred like they died while waiting for affordable and/or accessible health care?

[psychoCAT]

I don't know about the rest of the country, but anybody in SC still sitting on their ass is stupid considering the amount of jobs being added in our state. Just in the last week, Michelin Corp has announced the building of another plant, this one in Starr, SC.

Another group in Greenville, SC is starting a new project where job seekers will spend a week in a classroom learning skills related to the job, then another week ON THE JOB putting them to use. It will alternate like this until such time as the employer, again I forget, puts the employees to work full time.

People are investing in South Carolina and it's a beautiful thing. Thanks Governor Haley!

[CitadelGrad]

If the workforce participation rate were the same as it was when Obama took office, the January unemployment rate would be 10.44 percent.

Can it be confirmed that those people truly dropped out of the eligible workforce or something else occurred like they died while waiting for affordable and/or accessible health care?

Pathetic. Truly pathetic.

Just how stupid are you? Do you realize that if the rise in the number of those not in the work force increased because of death, the mortality rate would be at biblical proportions? We are talking about 10s of millions. Do you ever think before you speak?

If the size of the Nov. 2012 labor force was the same the Jan. 2009 labor force, the U-3 unemployment rate would be 10.9% in November. It would obviously be higher in December. You don't even want to think about the U-6 numbers.

[bluehenbillk]

Can it be confirmed that those people truly dropped out of the eligible workforce or something else occurred like they died while waiting for affordable and/or accessible health care?

Pathetic. Truly pathetic.

Just how stupid are you? Do you realize that if the rise in the number of those not in the work force increased because of death, the mortality rate would be at biblical proportions? We are talking about 10s of millions. Do you ever think before you speak?

If the size of the Nov. 2012 labor force was the same the Jan. 2009 labor force, the U-3 unemployment rate would be 10.9% in November. It would obviously be higher in December. You don't even want to think about the U-6 numbers.

What is pathetic is the fact you can't identify sarcasm when it slaps you in the face. Pay closer attention next time....

Lighten up Francis.

[CitadelGrad]

How can you speak in a sarcastic tone when you have Obama's cock in your mouth?

[bluehenbillk]

How can you speak in a sarcastic tone when you have Obama's cock in your mouth?

Ha, I'm far from a Democrat & I'd always defer to someone from the Citadel in the matters of taking cock.

[CAA Flagship]

I don't know about the rest of the country, but anybody in SC still sitting on their ass is stupid considering the amount of jobs being added in our state. Just in the last week, Michelin Corp has announced the building of another plant, this one in Starr, SC.

Another group in Greenville, SC is starting a new project where job seekers will spend a week in a classroom learning skills related to the job, then another week ON THE JOB putting them to use. It will alternate like this until such time as the employer, again I forget, puts the employees to work full time.

People are investing in South Carolina and it's a beautiful thing. Thanks Governor Haley!

Why work when you can get yet another long extension of unemployment benefits?

[CitadelGrad]

I don't know about the rest of the country, but anybody in SC still sitting on their ass is stupid considering the amount of jobs being added in our state. Just in the last week, Michelin Corp has announced the building of another plant, this one in Starr, SC.

Another group in Greenville, SC is starting a new project where job seekers will spend a week in a classroom learning skills related to the job, then another week ON THE JOB putting them to use. It will alternate like this until such time as the employer, again I forget, puts the employees to work full time.

People are investing in South Carolina and it's a beautiful thing. Thanks Governor Haley!

Why work when you can get yet another long extension of unemployment benefits?

Why set up production facilities in a union-controlled cesspool like Illinois or New York when you can do it in right-to-work states like South Carolina.

[psychoCAT]

Why work when you can get yet another long extension of unemployment benefits?

Why set up production facilities in a union-controlled cesspool like Illinois or New York when you can do it in right-to-work states like South Carolina.

AMEN!!!

[YoUDeeMan]

If the workforce participation rate were the same as it was when Obama took office, the January unemployment rate would be 10.44 percent.

Can it be confirmed that those people truly dropped out of the eligible workforce or something else occurred like they died while waiting for affordable and/or accessible health care?

Nah...they won the lottery.

[CID1990]

Pathetic. Truly pathetic.

Just how stupid are you? Do you realize that if the rise in the number of those not in the work force increased because of death, the mortality rate would be at biblical proportions? We are talking about 10s of millions. Do you ever think before you speak?

If the size of the Nov. 2012 labor force was the same the Jan. 2009 labor force, the U-3 unemployment rate would be 10.9% in November. It would obviously be higher in December. You don't even want to think about the U-6 numbers.

What is pathetic is the fact you can't identify sarcasm when it slaps you in the face. Pay closer attention next time....

Lighten up Francis.

Actually I read your post and the only reason I knew it was sarcasm is because I know your bent.

I give you a C-

[AZGrizFan]

Why work when you can get yet another long extension of unemployment benefits?

Why set up production facilities in a union-controlled cesspool like Illinois or New York when you can do it in right-to-work states like South Carolina.

Because if you try to set it up in SC the NLRB will be all over your sorry ass.

[Skjellyfetti]

So. Y'all want government to cut spending significantly.

But, y'all complain when public sector jobs have been going downhill for months now... but, private sector jobs have been growing for months.

Can't have it both ways.

Employers added 157,000 jobs in January, the Labor Department said, which was right in line with analyst expectations. The brightest news, though, was that revised estimates showed much higher job creation at the end of last year than first reported. The nation added a whopping 247,000 jobs in November and 196,000 in December, a combined 127,000 jobs above earlier estimates.

Two separate reports also pointed to a growing U.S. economy in January. The Institute for Supply Management said its index of manufacturing activity spiked to 53.1, from 50.7. Numbers above 50 signal expansion, and the January reading was the highest since April. And the University of Michigan’s consumer sentiment survey showed a rise to 73.8 from 71.3, signaling greater confidence about the economy among the American public.

The news was enough to drive the stock market up; the Dow Jones industrial average briefly surpassed 14,000 for the first time since October 2007 just after 10 a.m. and again at about an hour later. At 11 a.m., the Dow was 14002.87, up 142 points, or 1.03 percent for the day.

The drivers of job growth in January were surprisingly consistent with the recent past. The construction sector added 28,000 jobs, following a 30,000 gain in December, suggesting that as more homes are going up, employers are expanding their construction crews. The retail sector added 33,000 jobs and apparently did pull back on hiring in anticipation of the increase in the payroll tax at the beginning of the year, siphoning money from consumers’ pockets. Two sectors that have been job creation stalwarts over the past three years–professional and business services and health care and education–kept up that steady performance, each adding 25,000 jobs.

Job creation is steady and strong enough to bring the unemployment rate down over time — just not very quickly. The January unemployment report was, more than anything, affirmation of that fact.

http://www.washingtonpost.com/blogs/won ... e-thought/" onclick="window.open(this.href);return false;

The U.S. economy added 157,000 jobs in January, according to the Labor Department. This was slightly below the median estimate of 160,000 economists polled by Thomson Reuters.

But the big surprise was the upward revisions to November and December payroll numbers. November’s jobs numbers were revised upward by 86,000 to 247,000 and December by 41,000 to 196,000.

“The numbers were up by a pretty extraordinary amount,” said Stifel Nicolaus portfolio manager Chad Morganlander. The revisions made to November and December payroll numbers are close to the 200,000-a-month growth rate needed for a healthy recovery, he said.

“The jobs market seems to be moving in the right direction,” Morganlander said.

http://www.foxbusiness.com/economy/2013 ... bs-report/" onclick="window.open(this.href);return false;

[BDKJMU]

Its funny to listen to donks earlier this week try to spin a contracting economy as positive news, and today try to spin the unemployment rate going up as positive news.

[BDKJMU]

If 169k hadn't dropped out of the work force unemployment would have shot from 7.8% to 8.0% instead of 7.9%.

It was 7.8% when Obama entered office. But again if the labor force participation rate was the same as when Obama entered office, it would be 10.4%.. The real unemployment rate, the U6, is 14.4%.

So what does Barry do wit the bad unemployment numbers? Disband his "jobs council".
As Unemployment Goes Up, Obama's 'Jobs Council' Goes Down
http://www.usnews.com/opinion/blogs/pet ... -goes-down" onclick="window.open(this.href);return false;

[Baldy]

Its funny to listen to donks earlier this week try to spin a contracting economy as positive news, and today try to spin the unemployment rate going up as positive news.

It's the "new normal".

[CID1990]

So. Y'all want government to cut spending significantly.

But, y'all complain when public sector jobs have been going downhill for months now... but, private sector jobs have been growing for months.

Can't have it both ways.

Employers added 157,000 jobs in January, the Labor Department said, which was right in line with analyst expectations. The brightest news, though, was that revised estimates showed much higher job creation at the end of last year than first reported. The nation added a whopping 247,000 jobs in November and 196,000 in December, a combined 127,000 jobs above earlier estimates.

Two separate reports also pointed to a growing U.S. economy in January. The Institute for Supply Management said its index of manufacturing activity spiked to 53.1, from 50.7. Numbers above 50 signal expansion, and the January reading was the highest since April. And the University of Michigan’s consumer sentiment survey showed a rise to 73.8 from 71.3, signaling greater confidence about the economy among the American public.

The news was enough to drive the stock market up; the Dow Jones industrial average briefly surpassed 14,000 for the first time since October 2007 just after 10 a.m. and again at about an hour later. At 11 a.m., the Dow was 14002.87, up 142 points, or 1.03 percent for the day.

The drivers of job growth in January were surprisingly consistent with the recent past. The construction sector added 28,000 jobs, following a 30,000 gain in December, suggesting that as more homes are going up, employers are expanding their construction crews. The retail sector added 33,000 jobs and apparently did pull back on hiring in anticipation of the increase in the payroll tax at the beginning of the year, siphoning money from consumers’ pockets. Two sectors that have been job creation stalwarts over the past three years–professional and business services and health care and education–kept up that steady performance, each adding 25,000 jobs.

Job creation is steady and strong enough to bring the unemployment rate down over time — just not very quickly. The January unemployment report was, more than anything, affirmation of that fact.

http://www.washingtonpost.com/blogs/won ... e-thought/" onclick="window.open(this.href);return false;

The U.S. economy added 157,000 jobs in January, according to the Labor Department. This was slightly below the median estimate of 160,000 economists polled by Thomson Reuters.

But the big surprise was the upward revisions to November and December payroll numbers. November’s jobs numbers were revised upward by 86,000 to 247,000 and December by 41,000 to 196,000.

“The numbers were up by a pretty extraordinary amount,” said Stifel Nicolaus portfolio manager Chad Morganlander. The revisions made to November and December payroll numbers are close to the 200,000-a-month growth rate needed for a healthy recovery, he said.

“The jobs market seems to be moving in the right direction,” Morganlander said.

http://www.foxbusiness.com/economy/2013 ... bs-report/" onclick="window.open(this.href);return false;

You can echo the White House's spin on this all you like, but our economy is suffering and the Bush's Fault train is out of coal.

Even the Democrats saw this coming, but they rely on people like you to keep the herd properly "informed".

[Col Hogan]

So. Y'all want government to cut spending significantly.

But, y'all complain when public sector jobs have been going downhill for months now... but, private sector jobs have been growing for months.

Can't have it both ways.

I don't want it both ways...it's the Donks who want it both ways....

As a federal employee facing the cuts (hell, I'm helping shape the cuts) I say slash the federal government and spike up the unemployment numbers...and push down the federal budget...

I believe once the people see we can live with a smaller federal budget and government, they might just smarten up and start voting out the liberals....







Hey, a guy can dream, can't he???

[D1B]

So. Y'all want government to cut spending significantly.

But, y'all complain when public sector jobs have been going downhill for months now... but, private sector jobs have been growing for months.

Can't have it both ways.

I don't want it both ways...it's the Donks who want it both ways....

As a federal employee facing the cuts (hell, I'm helping shape the cuts) I say slash the federal government and spike up the unemployment numbers...and push down the federal budget...

I believe once the people see we can live with a smaller federal budget and government, they might just smarten up and start voting out the liberals....







Hey, a guy can dream, can't he???

You willing to cut yourself, Mr. Bigshot H. Shaper?

[ALPHAGRIZ1]

I did 12 years ago and it was the best decision I ever made.

[CID1990]

I might downsize myself if immigration reform winds up being, well, like every other bill Congress has passed over the last 20 years.

[Col Hogan]

I don't want it both ways...it's the Donks who want it both ways....

As a federal employee facing the cuts (hell, I'm helping shape the cuts) I say slash the federal government and spike up the unemployment numbers...and push down the federal budget...

I believe once the people see we can live with a smaller federal budget and government, they might just smarten up and start voting out the liberals....







Hey, a guy can dream, can't he???

You willing to cut yourself, Mr. Bigshot H. Shaper?

Yes, asshole, I'm willing to cut my job...I've volunteered to be cut to save other jobs...

I will find out what happens if the senate ever passes a budget...three plus years and they haven't done their job.....

[kalm]

Interesting blog post from EPI regarding how federal spending isn't the only factor involving austerity. If this is correct, austerity has been in effect for a couple of years now. Why isn't the econony bouncing back?

http://www.epi.org/blog/years-austerity-counting/" onclick="window.open(this.href);return false;