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  • unclefulbert unclefulbert Feb 1, 2013 9:16 AM Flag

    Surprise, jobs adjustment all positive after the Nov election

    Payrolls rose 157,000 following a revised 196,000 advance in the prior month and a 247,000 surge in November, Labor Department figures showed today in Washington. The revisions added a total of 127,000 jobs to the employment count in November and December. The jobless rate increased to 7.9 percent from 7.8 percent.

    ..

    “The U.S. labor market has been very resilient in recent months,” said Harm Bandholz, chief U.S. economist at UniCredit Group in New York, who forecast a 160,000 gain in payrolls. “The big story is all the upward revisions to the previous months, which gives the report a real positive spin. All these concerns that the fiscal uncertainty deterred businesses from hiring, they certainly haven’t materialized.”

    ...

    The Labor Department today also issued its annual benchmark update, which aligned employment data spanning from April 2011 to March 2012 with corporate tax records. The revision showed payrolls grew by an additional 424,000 workers, on an unadjusted basis, in that period.

    The economy has recovered 5.51 million of the 8.74 million jobs that were lost as a result of the last recession.

    ...

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    • you are an idiot UNCLE. No wonder you live and sometimes work in California. You feel comfortable among the other idiots there. Try buying a clue from your entitlements.

    • Again for truelystupidandneverright some CBO numbers. If you can't read, the number in the right column is the deficit. Where is that $2.3T bush deficit again? The reason 2009 was really over budget, Oblunder got bills passed for spending in addition to the budget. But again, where is that $2.3T? Even Oblunder didn't spend that much in 1 year. LOL

      2004 1,880.1 2,292.8 -568.0
      2005 2,153.6 2,472.0 -493.6
      2006 2,406.9 2,655.1 -434.5
      2007 2,568.0 2,728.7 -342.2
      2008 2,524.0 2,982.5 -641.8
      2009 2,105.0 3,517.7 -1,549.7
      2010 2,162.7 3,456.2 -1,370.5
      2011 2,302.5 3,598.1 -1,362.8

    • Makes sense. After Obama was re-elected, those hiring for government jobs knew they 4 more years of the gravy train.

    • Interesting. So, in his first term Obama has recovered 2/3 of the jobs lost in the Republican recession that he was left to solve. And he has also, in his first term, cut the federal deficit by about 2/3, that same deficit given him by his predecessor. It took his predecessor 2 terms to create this mess, so it's good to see that it will be resolved in less than 2 Obama terms.

      • 6 Replies to truelyright
      • Someone on here really has a problem with the whole concept of freedom of speech. 2/3 of my posts are deleted as abuse within an hour of posting. So here goes again.

        TR, you are missing the point when you write "It took his predecessor 2 terms to create this mess, so it's good to see that it will be resolved in less than 2 Obama terms."

        Obama got elected on the promise that he would be able to fix all of our problems in a few short months, just by being elected President. Then he was re-elected because of his claims that all the problems had been fixed, and anybody claiming they didn't have a job were just liars backed by the GOP.

      • TR, you are missing the point when you write "It took his predecessor 2 terms to create this mess, so it's good to see that it will be resolved in less than 2 Obama terms."

        Obama got elected on the promise that he would be able to fix all of our problems in a few short months, just by being elected President. Then he was re-elected because of his claims that all the problems had been fixed, and anybody claiming they didn't have a job were just liars backed by the GOP.

      • No...thats all propaganda...nothing is postive and the market is a house of cards. The only thing going up is the debt. Wait until people see what obamacare does to them. They are already feeling the oppression of the excessive regulation, leaving the workforce, joining disability in record numbers. You can't spin anything good out of it.

      • Hmmm....UE back up.....workforce participation plummeting.....debt still going up....record numbers on disability.....record numbers on food stamps....healthcare costs still out of control.....yeah.....great job.

      • You forgot to mention that the estimate was for 180,000 jobs. Jobs came in 23,000 less than expected and unemployment when up to 7.9%. The surge in November was from stores ramping up for the holiday season. Full time jobs are still difficult to find and there 8.5 million jobs have disappeared since Obama took office.

        The real unemployment rate in the U.S. is closer to 15%.

        Why am I not surprised you forgot to mention any of this. You try to put lipstick on this pig but it is still ugly. The truth about Obama and his terrible handling of the economy and now his overpriced Obamacare marches steadily forward towards more disaster for Americans.

      • truelyright...put down that coolaid now!!! Slowly.....before you hurt yourself. Cut the deficit by 2/3? What did Oblunder spike that coolaid with? Going from $.5T to constantly being above $1T is not cutting anything except in libturd worlds.

    • Surprise...the unemployment rate is headed back up.
      Surprise...not enough jobs created to even keep up with population growth.
      Surprise...wait a few months and see how that tax increase on the lower and middle class folk is working out.

 
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