216,000 jobs created in February

Discussion in 'Politics' started by Chris, Mar 8, 2012.

  1. Chris
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    Chris Gold Member

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    The pace of job creation by private employers accelerated more than expected in February, a report by a payrolls processor showed on Wednesday.

    The private sector added 216,000 jobs last month, the ADP National Employment Report showed, topping economistsÂ’ expectations for a gain of 208,000.

    JanuaryÂ’s payrolls figures were revised up to an increase of 173,000 from 170,000.

    News Headlines
     
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  2. Chris
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    Chris Gold Member

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    WASHINGTON (MarketWatch) — U.S. private-employment growth is picking up, according to data released Wednesday that showed payrolls rose in February for the 25th month.

    Private-sector payrolls increased 216,000 on the month, led by the service-providing sector and small businesses, according to the February labor-market report from payrolls-processor Automatic Data Processing Inc. Over the last three months, gains have averaged 223,000, compared with a monthly average of 156,000 for 2011.

    Private-employment growth picking up - Economic Report - MarketWatch
     
  3. TruthSeeker56
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    TruthSeeker56 Silver Member

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    And in the meantime, 362,000 people filed for INITIAL jobless claims LAST WEEK.

    During the Obama Presidency, it wasn't until December of 2011 that the number of people filing for INITIAL jobless claims dropped BELOW 400,000 PER WEEK.

    OOPS! I guess those 216,000 new jobs for the MONTH of February just got erased in less than one week!

    Nice try, Chris. When are you going to figure out that you aren't going to fool the people in here with IQs above room temperature?
     
  4. 8537
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    8537 Senior Member

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    Speaking of IQ's below room temperature: Truthseeker, you can't look at first time jobless claims (a gross figure) and compare it to monthly payrolls (a net figure).
     
  5. Dr.House
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    Dr.House Lives on in syndication!

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    Meh...

    Need a shitload more than that...

    Let's kill the pipeline, though... Fuck those jobs....
     
  6. TruthSeeker56
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    TruthSeeker56 Silver Member

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    Speaking of IQs below room temperature: "8537", what the hell are you talking about? Are you trying to NOT compare monthly payroll increases (aka "job creation") with weekly first time jobless claims (aka "job elimination")?

    Apparently addition and subtraction was not taught in the government school you attended (and apparently didn't graduate from).
     
  7. 8537
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    8537 Senior Member

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    1) The monthly job creation figures are net while first time claims are gross.

    2) First time claims do not equal job elimination.

    3) Educate yourself before you continue to prove your own IQ.
     
  8. BreezeWood
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    BreezeWood VIP Member Supporting Member

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    The monthly (February) unemployment report will be released Friday morning - soon to fall below 8% ...
     
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  9. Dr.House
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    Dr.House Lives on in syndication!

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    How soon?
     
  10. Matthew
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    Matthew Blue dog all the way!

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    I'll predict 8.6% for the offical unemployment number.
     
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