More economic good news: Economy adds 3 million jobs last year, unemployment down to 5.6%

[rightwinger]

2014 was America s best year of job growth since 1999 - Jan. 9 2015
.


It's encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers.
The unemployment rate fell to 5.6%in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
Related: Expect strong U.S. economy in 2015
Throughout the recovery, the concern has been that America was adding jobs slowly and people hunting for work were getting so frustrated they would drop out of the workforce altogether.
But the U.S. added over 200,000 jobs every month in 2014 except two. The end of the year was especially strong with 252,000positions added in December. That was ahead of CNNMoney's economist forecast of 236,000.
The government also revised up its estimates for job gains in October and November, revealing employers added more than 50,000 jobs than previously thought.





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[CrusaderFrank]

2014 was America s best year of job growth since 1999 - Jan. 9 2015
.


It's encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers.
The unemployment rate fell to 5.6%in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
Related: Expect strong U.S. economy in 2015
Throughout the recovery, the concern has been that America was adding jobs slowly and people hunting for work were getting so frustrated they would drop out of the workforce altogether.
But the U.S. added over 200,000 jobs every month in 2014 except two. The end of the year was especially strong with 252,000positions added in December. That was ahead of CNNMoney's economist forecast of 236,000.
The government also revised up its estimates for job gains in October and November, revealing employers added more than 50,000 jobs than previously thought.





.

200,000 * 12 = 3,000,000??????????

Wow

 

[Derideo_Te]

Let us hope this strong trend holds for the next 2 years for the sake of everyone.

 

[edthecynic]

The economy is doing so good, the GOP will try to take credit for it!

 

[rightwinger]

2014 was America s best year of job growth since 1999 - Jan. 9 2015
.


It's encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers.
The unemployment rate fell to 5.6%in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
Related: Expect strong U.S. economy in 2015
Throughout the recovery, the concern has been that America was adding jobs slowly and people hunting for work were getting so frustrated they would drop out of the workforce altogether.
But the U.S. added over 200,000 jobs every month in 2014 except two. The end of the year was especially strong with 252,000positions added in December. That was ahead of CNNMoney's economist forecast of 236,000.
The government also revised up its estimates for job gains in October and November, revealing employers added more than 50,000 jobs than previously thought.





.

200,000 * 12 = 3,000,000??????????

Wow

You don't know what the term over 200,000 jobs means

 

[Skull Pilot]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

 

[rightwinger]

The economy is doing so good, the GOP will try to take credit for it!

They just took over Congress....time to start taking credit

 

[Mad_Cabbie]

The economy is doing so good, the GOP will try to take credit for it!

It was the Boooosh tax cuts.

 

[rightwinger]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

 

[Luddly Neddite]

Thank you, Mr. President.

 

[Skull Pilot]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

It's significantly lower than it was just 5 years ago.

Sorry but all those people who lost their jobs didn't choose to retire.

 

[edthecynic]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Everyone on the Right as soon as a Republiklan is elected president.

 

[Skull Pilot]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

We all know both parties cook the UE numbers.

But you still want to believe don't you?

 

[rightwinger]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

It's significantly lower than it was just 5 years ago.

Sorry but all those people who lost their jobs didn't choose to retire.

Aren't you happy that 3 million jobs were added last year?

Or are you one of those "economy must fail" types?

 

[edthecynic]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

It's significantly lower than it was just 5 years ago.

Sorry but all those people who lost their jobs didn't choose to retire.

Actually they did, and as soon as a Republiklan is elected the Right will admit the decline in LPR is due to Boomers retiring and therefore the need to PRIVATIZE Social Security!!!!
Mark my words!!!

 

[Skull Pilot]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

It's significantly lower than it was just 5 years ago.

Sorry but all those people who lost their jobs didn't choose to retire.

Aren't you happy that 3 million jobs were added last year?

Or are you one of those "economy must fail" types?

If that number is actually true sure but I don't think Obama had anything to do with it

 

[Skull Pilot]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

It's significantly lower than it was just 5 years ago.

Sorry but all those people who lost their jobs didn't choose to retire.

Actually they did, and as soon as a Republiklan is elected the Right will admit the decline in LPR is due to Boomers retiring and therefore the need to PRIVATIZE Social Security!!!!
Mark my words!!!

Why would I do that you being a rabid rush limabaugh listener and all?

 

[rightwinger]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

We all know both parties cook the UE numbers.

But you still want to believe don't you?

OK ...so where are we?

1. The economy is failing
2. If #1 is not true, the government must be cooking the books

3. Even if the economy is really good, Obama didn't have anything to do with it

 

[edthecynic]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

We all know both parties cook the UE numbers.

But you still want to believe don't you?

No, we all are not as stupid as you, speak for yourself.

 

[Skull Pilot]

The labor participation rate is the lowest it's been in decades.

Who on the planet thinks that is good?

Labor participation rate has been going down for 15 years. It is expected to keep going down as baby boomers drop out of the workforce

For the first 4 years of Obama's presidency, Republicans hammered that the unemployment rate was the only economic measure that mattered. Now that it is down to 5.6%, labor participation rate is the only economic measure that matters

We all know both parties cook the UE numbers.

But you still want to believe don't you?

OK ...so where are we?

1. The economy is failing
2. If #1 is not true, the government must be cooking the books

3. Even if the economy is really good, Obama didn't have anything to do with it

Sorry but he shot his wad on the stimulus if that was going to work it wouldn't have taken 6 years. And the economy is not "really good" yet

The economy ebbs and flows on its own you know. Generally the more the government does the less well it does.