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Wow, we are still on the same turtle crawl pace of hiring as we were last year! Wait till the taxes go up on the people that actually hire.
Here come the nay sayers.
"The solid job growth wasn't enough to push down the unemployment rate, which stayed 7.8 percent last month"
Why didn't this put a dent in the unemployment? Because 150,000 new workers enter the work force each month. Immigrants, collage students, and so on. In short we are making no progress at this rate.
USA Today..."...almost all new jobs in December were seasonal in nature....".
Did you happen to read beyond the headline, because if you had, you may have noticed that the number of unemployed actually rose by 164,000 for an estimated total of 12.2 million.
If you subtract 164,000 from 155,000, that is not a good positive figure.
It has nothing to do with being positive or negative, just facts and reality.
formergop, what nay sayers? Nov unemployment numbers were revised up to 7.8%...and December's initial numbers are 7.8%....so in effect the unemployment rate was unchanged. Anyone wanna bet that next month the December numbers will be revised up about a tenth of a percent?
"USA Today ...almost all new jobs in December were seasonal in nature" ...."Robust hiring in manufacturing and construction fueled the December job gains..Other higher-paying industries also added jobs. Professional and business services, which include jobs in information technology, management and architecture, gained 19,000. Financial services added 9,000, health care 55,000". These are not seasonal jobs. And could you provide a link to the USA Today story that says that because I can't find the quote in the 2 stories that I read on the site.
"if you had, you may have noticed that the number of unemployed actually rose by 164,000 for an estimated total of 12.2 million" .... From the USA Today article I read: "Initial jobless claims for the past week did jump, but analysts pointed out they're often distorted by year-end holidays. The four-week moving average — which smooths out weekly distortions — was little changed."
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