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Topic: Economy Adds Another 157,000
Jobs; Rate Up to 7.9% |
Economy Adds Another 157,000
Jobs; Rate Up to 7.9%
CNBC, by Jeff Cox
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Original Article
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Posted By:jackson, 2/1/2013 10:55:45 AM
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| The new year started off with an old story: Employment grew again in January but not at a pace able to lower the jobless rate. Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve´s monetary policy or instill confidence that the recovery is gaining steam. Economists were looking for 160,000 net new jobs created with the unemployment rate holding steady at 7.8 percent. The ho-hum jobs numbers for January were accompanied by substantial revisions
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Comments:
Really? That´s surprising... Gosh! It´s so surprising that it is positively unexpected! (BTW - Don´t you just love the words used by CNBC, "adds" and "up")
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Reply 1 - Posted by:
nimby, 2/1/2013 11:00:07 AM (No. 9152364)
Another 169,00 dropped out of the work force. Does CNBC tells us that?
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Reply 2 - Posted by:
nimby, 2/1/2013 11:00:29 AM (No. 9152367)
Sorry meant "169,000".
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Reply 3 - Posted by:
lakerman1, 2/1/2013 11:08:44 AM (No. 9152392)
remember how the unemployment rate sort of magically dipped below 8 percent just before the november election?
BLS has sacrificed all credibility, in my opinion.
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Reply 4 - Posted by:
lanczos, 2/1/2013 11:09:38 AM (No. 9152394)
So we´re coming up on "Summer Of Recovery V"?
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Reply 5 - Posted by:
grampstosix, 2/1/2013 11:14:24 AM (No. 9152405)
In fact the rate never did drop below 8%.
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Reply 6 - Posted by:
LudicrousSextus, 2/1/2013 11:18:10 AM (No. 9152414)
This caption from the top photo on Breitbart today pretty well sums it up...
"Poverty´s up, middle class incomes are down, one-in-five are on food stamps, the GAO says the deficit is "unsustainable," and the only reason the unemployment rate isn´t closer to 11% is because the labor force has shrunk to thirty-year lows since Obama took office. According to the media, though, if you look around all you´ll see is the clover we´re sitting in."
But on the bright side, the EPA has just conjured up a few zillion ´magician´ jobs - as in requiring taxpayers to foot the bill for fuel additives that don´t exist - and even better - this just after a Federal court assured ´em - it didn´t exist...
This is the world of Obama-nomics. Welcome to the land of double-speak and citizen as mushroom. We all know what that means.
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Reply 7 - Posted by:
fritzilou, 2/1/2013 11:43:00 AM (No. 9152475)
But they lost 169,000 jobs....why isn´t that the headline; on yeah I know, it is because CNBC is reporting it.
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Reply 8 - Posted by:
bobgray2, 2/1/2013 11:47:03 AM (No. 9152487)
You need to add 200,000+ per month just to account for people trying to enter the work force for the first time. anything less than that means rising unemployment.
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Reply 9 - Posted by:
dman, 2/1/2013 12:02:53 PM (No. 9152521)
The "new normal". Enjoy.
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Reply 10 - Posted by:
judy, 2/1/2013 6:52:37 PM (No. 9153114)
When the unemployment rate was 5% under Bush nbc said we were in a recession...
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Reply 11 - Posted by:
coldoc, 2/2/2013 10:04:27 AM (No. 9154034)
Fake numbers, just like the cpi. In 3-4 weeks it will be revised in the direction of the truth.
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