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This is the same report we have seen for the past two years. Restart growth? Wakeup. This is the new normal.
"The mostly upbeat Labor Department report included one discouraging sign: the unemployment rate rose to 7.9 percent from 7.8 percent in December." -- Wow, they will spin this however they have to to make this administration look good.
I'm sorry, was this article written by the administration? The unemployment rate went UP, not down. So the title says 157,000 jobs were added, now my guess is that since the rate went up more than 157,000 jobs were lost. Why this need to constantly make excuses? You are not going to see this change with everything that will be taking effect this year.
And let the posts about how people who run out of unemployment benefits aren't counted, how these are seasonal jobs, how this doesn't count people who stopped looking for work (clue: U-6 is 1% lower than a year ago, U-3 is .6% lower than a year ago.) The usual ignorance repeated...
Bloomberg: Payrolls rose 157,000 following a revised 196,000 advance in the prior month and a 247,000 surge in November.
“The jobs report shows that the corner was turned,” said Richard Sichel, who oversees about $1.8 billion as chief investment officer at Philadelphia Trust Co. “The revision from the prior month is positive. There’s indication that hiring will pick up over the course of the year. It certainly boosts investors’ optimism along with good corporate earnings.”
How come they failed to mention 368K that filed for first time unemployment?
368,000 new applications for unemployment benefits, wow, that's progress. Drop the unemployment benefits and you will see employment rise.
First two paragraphs are desperately trying to cover for Obama's dismal economic failure. In the last few days unemployment has gone up (never mind the people who have dropped off unemployment and give up looking for work) and growth has stalled and gone down.
U.S. employers added 157,000 jobs in January, and hiring was much stronger at the end of 2012 than previously thought. The department revised up the estimated job gains for November from 161,000 to 247,000 and for December from 155,000 to 196,000.
More hiring by construction companies. They added 28,000 jobs in January and nearly 100,000 over the past four months. Those job gains are consistent with a rebound in home construction and a broader recovery in housing.
Retailers added 33,000 positions. Health care gained 23,000 jobs. Manufacturers reported a small increase of 4,000. Restaurants and hotels added 17,000.
Average hourly wages rose 4 cents to $23.78 and have risen an encouraging 2.1 percent in the past 12 months
This is horrible news…. for republicants
These are not new jobs, these are jobs that they are reporting are just filling jobs that were vacated by lay offs earlier.They spin it like these are newly created jobs, but if you talk to any recruiter they will tell you that very few new jobs are being created.
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