*U.S. JAN. PAYROLLS RISE 243,000, JOBLESS RATE DROPS TO 8.3% [NotSoBreaking]

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User Info	*U.S. JAN. PAYROLLS RISE 243,000, JOBLESS RATE DROPS TO 8.3% in forum [NotSoBreaking]
Bearshort Posts: 4478 Incept: 2007-09-13 NYC	U.S. JAN. PAYROLLS RISE 243,000, JOBLESS RATE DROPS TO 8.3% ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson.* 2012-02-03 08:30:23 Permalink
Ghopper Posts: 2313 Incept: 2011-06-11 Staten Island, NY	For a January? Wow. That is shocking. 2012-02-03 08:33:10 Permalink
Stonedog Posts: 2080 Incept: 2008-05-29 New Jersey	I call BS... anything to get Obama reelected ---------- "I would characterize my professional disdain as more of a professional contempt for their [Central Banker, Banker and politician] economic and financial policies, priorities, presumptions and prescriptions." - Lauren Lyster on Capital Account for Friday June 16, 2012 "All the stimulus, the bailouts, the quantit 2012-02-03 08:33:57 From PDA Permalink
Willoughby Posts: 499 Incept: 2009-05-31 Bubblemania: Darwin, Australia	Participation rate slipped to 63.7% from 64.0%. ---------- "It's not based on any particular data point... We just wanted to choose a really large number." - US Treasury spokeswoman on the $700 billion bailout figure, Sept '08. 2012-02-03 08:35:24 Permalink
Jubber Posts: 14020 Incept: 2007-07-05 UK	hope no one was short ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-02-03 08:35:54 Permalink
Ironpete Posts: 419 Incept: 2007-10-28 Take the Red Pill	Yep, it's silly season. 2012-02-03 08:36:07 Permalink
Argos Posts: 6315 Incept: 2008-03-23 The Green Mountain State	BLS Release: http://bls.gov/news.release/empsit.nr0.h.... Partial quote: Quote: Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month. ----------------------------------------------------------------- \| \| \| Changes to The Employment Situation Data \| \| \| \|Establishment survey data have been revised as a result of the \| \|annual benchmarking process and the updating of seasonal \| \|adjustment factors. Also, household survey data for January 2012 \| \|reflect updated population estimates. See the notes at the end of\| \|the news release for more information about these changes. \| \| \| ----------------------------------------------------------------- Household Survey Data The unemployment rate declined by 0.2 percentage point in January to 8.3 percent; the rate has fallen by 0.8 point since August. (See table A-1.) The number of unemployed persons declined to 12.8 million in January. (See the note and tables B and C for information about annual population adjustments to the household survey estimates.) Among the major worker groups, the unemployment rates for adult men (7.7 percent) and blacks (13.6 percent) declined in January. The unemployment rates for adult women (7.7 percent), teenagers (23.2 percent), whites (7.4 percent), and Hispanics (10.5 percent) were little changed. The jobless rate for Asians was 6.7 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.) In January, the number of job losers and persons who completed temporary jobs fell to 7.3 million. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.5 million and accounted for 42.9 percent of the unemployed. (See tables A-11 and A-12.) After accounting for the annual adjustments to the population controls, the employment-population ratio (58.5 percent) rose in January, while the civilian labor force participation rate held at 63.7 percent. (See table A-1. For additional information about the effects of the population adjustments, see table C.) The number of persons employed part time for economic reasons, at 8.2 million, changed little in January. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.) In January, 2.8 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.) Among the marginally attached, there were 1.1 million discouraged workers in January, little different from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.7 million persons marginally attached to the labor force in January had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.) Establishment Survey Data Total nonfarm payroll employment rose by 243,000 in January. Private- sector employment grew by 257,000, with the largest employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment was little changed over the month. (See table B-1.) Professional and business services continued to add jobs in January (+70,000). About half of the increase occurred in employment services (+33,000). Job gains also occurred in accounting and bookkeeping (+13,000) and in architectural and engineering services (+7,000). Over the month, employment in leisure and hospitality increased by 44,000, primarily in food services and drinking places (+33,000). Since a recent low in February 2010, food services has added 487,000 jobs. In January, health care employment continued to grow (+31,000). Within the industry, hospitals and ambulatory care services each added 13,000 jobs. Wholesale trade employment increased by 14,000 over the month. Since a recent employment low in May 2010, wholesale trade has added 144,000 jobs. Employment in retail trade continued to trend up in January. Job gains in department stores (+19,000), health and personal care stores (+7,000), and automobile dealers (+7,000) were partially offset by losses in clothing and clothing accessory stores (-14,000). Since an employment trough in December 2009, retail trade has added 390,000 jobs. In January, employment in information declined by 13,000, including a loss of 8,000 jobs in the motion picture and sound recording industry. In the goods-producing sector, manufacturing added 50,000 jobs. Nearly all of the increase occurred in durable goods manufacturing, with job growth in fabricated metal products (+11,000), machinery (+11,000), and motor vehicles and parts (+8,000). Durable goods manufacturing has added 418,000 jobs over the past 2 years. Employment in construction increased by 21,000 in January, following a gain of 31,000 in the previous month. Over the past 2 months, nonresidential specialty trade contractors added 30,000 jobs. Mining added 10,000 jobs in January, with most of the gain in support activities for mining (+8,000). Since a recent low in October 2009, mining employment has expanded by 172,000. Government employment changed little in January. Over the past 12 months, the sector has lost 276,000 jobs, with declines in local government; state government, excluding education; and the U.S. Postal Service. The average workweek for all employees on private nonfarm payrolls was unchanged in January. The manufacturing workweek increased by 0.3 hour to 40.9 hours, and factory overtime increased by 0.1 hour to 3.4 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hour to 33.8 hours. (See tables B-2 and B-7.) In January, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents, or 0.2 percent, to $23.29. Over the past 12 months, average hourly earnings have increased by 1.9 percent. In January, average hourly earnings of private-sector production and nonsupervisory employees edged up by 2 cents, or 0.1 percent, to $19.62. (See tables B-3 and B-8.) The change in total nonfarm payroll employment for November was revised from +100,000 to +157,000, and the change for December was revised from +200,000 to +203,000. Monthly revisions result from additional sample reports and the monthly recalculation of seasonal factors. The annual benchmark process also contributed to these revisions. 2012-02-03 08:37:10 Permalink
Arpwatch Posts: 3051 Incept: 2009-11-06	Someone wake Zara up. Rally time! 2012-02-03 08:39:31 Permalink
Rdaniels Posts: 444 Incept: 2007-11-30 Purgatory	Birth-Death adjustment? ---------- I wouldn't be so pessimistic if it wasn't so hopeless. 2012-02-03 08:40:14 Permalink
Zarathustra Posts: 5953 Incept: 2009-04-29 Funkytown	I'm starting to sense that people are tired of my monkey friend. The silly season is upon us and there's really no refuting it..... It will only get worse as the election/debt ceiling approaches... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates Last modified: 2012-02-03 08:42:01 by zarathustra 2012-02-03 08:41:12 Permalink
Bruceallen123 Posts: 56 Incept: 2010-02-12	YAWN And here comes the Propaganda machine. Watch for a lot of BS numbers coming out this year from every state and all levels of government--anything to keep the sheeple dumb and stupid... 2012-02-03 08:41:40 Permalink
Dugless Posts: 67 Incept: 2008-04-26 New Hampshire	I cannot imagine that there are too many retail shorts left in this market. 2012-02-03 08:42:09 Permalink
Argos Posts: 6315 Incept: 2008-03-23 The Green Mountain State	Birth/Death Adjustment was -367K. http://www.bls.gov/web/empsit/cesbd.htm 2012-02-03 08:43:53 Permalink
Kiber Posts: 1204 Incept: 2010-06-25	great numbers...Fed may be taking QE 3 off the table... 2012-02-03 08:44:07 Permalink
Genesis Posts: 130715 Incept: 2007-06-26	This is a RIDICULOUSLY BAD report. Wait a bit... working on the Ticker now. You're gonna ***. ---------- I don't care if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-02-03 08:44:18 Permalink
Willoughby Posts: 499 Incept: 2009-05-31 Bubblemania: Darwin, Australia	Gallup Poll: February 2, 2012 U.S. Unemployment Up, to 8.6% in January Underemployment is 18.7%, up from 18.3% in December by Dennis Jacobe, Chief Economist PRINCETON, NJ -- U.S. unemployment, as measured by Gallup without seasonal adjustment, increased slightly to 8.6% in January from 8.5% in December, but was down from 9.9% in January a year ago. http://www.gallup.com/poll/152432/Unempl.... ---------- "It's not based on any particular data point... We just wanted to choose a really large number." - US Treasury spokeswoman on the $700 billion bailout figure, Sept '08. 2012-02-03 08:46:04 Permalink
Jata1 Posts: 5059 Incept: 2009-03-08	Should show up in tax receipts soon. Then we'll know if it's real or not. 2012-02-03 08:46:12 Permalink
Zarathustra Posts: 5953 Incept: 2009-04-29 Funkytown	"You're gonna ***?" Karl, we have all been saying this would happen as the election approaches. I expect us to go to Tickercon 1 now. The lies are out in the open and everyone can see the emperor has no clothes.... ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-02-03 08:48:01 Permalink*
Gable Posts: 412 Incept: 2009-07-04	Where's the Monkey??? ---------- In all of history, no government became more honest, less corrupt, or granted its citizens more rights as it grew in size. E.L. 2011 Ellie's Law-As an online discussion about the failures of the Obama Administration continues, the probability someone shouting "It's Bush's Fault" approaches 1 2012-02-03 08:49:00 Permalink
Zarathustra Posts: 5953 Incept: 2009-04-29 Funkytown	Do you guys REALLY want the monkey????????????????? ---------- "And in knowing that you know nothing, that makes you the smartest of all." - Socrates 2012-02-03 08:49:30 Permalink
Rdaniels Posts: 444 Incept: 2007-11-30 Purgatory	Birth Death of minus 367K? Is this a revision of previous monthly job numbers? If not, then it makes no sense. No one believes this crap any more. ---------- I wouldn't be so pessimistic if it wasn't so hopeless. 2012-02-03 08:53:48 Permalink
Fraudster Posts: 4173 Incept: 2011-05-10	Quote: Participation rate slipped to 63.7% from 64.0%. That is ALL I need to know. ---------- *"Let China sleep, for when she wakes, she will shake the world."* - Napoleon Bonaparte *"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]."* - Foundation & Empire by Isaac Asimov 2012-02-03 08:54:20 Permalink
Gable Posts: 412 Incept: 2009-07-04	MONKEY...MONKEY...MONKEY... ---------- In all of history, no government became more honest, less corrupt, or granted its citizens more rights as it grew in size. E.L. 2011 Ellie's Law-As an online discussion about the failures of the Obama Administration continues, the probability someone shouting "It's Bush's Fault" approaches 1 2012-02-03 08:55:47 Permalink
Fraudster Posts: 4173 Incept: 2011-05-10	ZARA UNLEASH THE MONKEY! ---------- *"Let China sleep, for when she wakes, she will shake the world."* - Napoleon Bonaparte *"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]."* - Foundation & Empire by Isaac Asimov 2012-02-03 08:57:43 Permalink
Ghopper Posts: 2313 Incept: 2011-06-11 Staten Island, NY	http://www.zerohedge.com/news/record-12-.... Quote: Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low 2012-02-03 08:58:19 Permalink

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