U.S. added 292,000 jobs in December; unemployment rate steady at 5 percent

[Dovahkiin]

Putting aside all of the partisan crap, we're doing quite well.
U.S. added 292,000 jobs in December; unemployment rate steady at 5 percent

The U.S. economy finished the year with a red-hot hiring spree, adding 292,000 new jobs as the unemployment rate held steady at 5 percent, according to new government data released Friday morning.
The latest jobs report exceeded the expectations of economists and investors and provided a reassuring note about the resiliency of the labor market, even amid volatile oil prices, a major slowdown in China and modest overall growth at home.
In all, the nation added 2.65 million jobs in 2015, the second-best year for hiring since 1999 and one that improved markedly in the last quarter. The economy added an average of 284,000 new monthly positions between October and December; in the first three-quarters of the year, the monthly pace was 200,000. Wage growth remains tepid, but the unemployment rate stands at its lowest point in more than seven years.
In a sign of confidence in the economy, the Federal Reserve in December raised interest rates for the first time in nearly a decade, removing the easy terms of borrowing that had helped stimulate the economy. The Fed’s 10-member voting committee said in meeting minutes released this week that the labor market, though still shy of its full potential, showed “further improvement” and “confirmed that underutilization of labor resources had diminished appreciably since early this year.”
The jobs data from December showed a labor market that is steadily growing but providing only modest wage gains to employees. Last month the average hourly wage fell by a penny, to $25.24. Since one year ago, wages are up 2.5 percent — below the pace from before the Great Recession, but a tick above the crawling pace maintained throughout much of the recovery. If there’s any consolation, it stems from lower oil prices, which have helped to push down the inflation rate while increasing the purchasing power for consumers.

 

[ScienceRocks]

Very well. Obama is kicking some serious ass!!!!

Go Obama! I seriously doubt the austerity toons could do anywhere close to this.

 

[waltky]

If 292,000 jobs were added...

... and the unemployment rate stayed steady...

... then that must mean 292,000 people lost their jobs as well.

 

[Stephanie]

lets see the month of December. they do hire more PART timers for that month during Christmas. that really put a dent in that 94Million people out of work eh?

 

[guno]

lets see the month of December. they do hire more PART timers for that month during Christmas. that really put a dent in that 94Million people out of work eh?

There will be an underclass who has no education or skills who think they are owed a job, they existed before president Obama was elected and they will exist no matter who is president, you should know that steph

 

[pinqy]

If 292,000 jobs were added...

... and the unemployment rate stayed steady...

... then that must mean 292,000 people lost their jobs as well.

Why would it mean that? "Jobs added" is the NET CHANGE...

 

[pinqy]

lets see the month of December. they do hire more PART timers for that month during Christmas. that really put a dent in that 94Million people out of work eh?

Employment usually goes down in December, not up. And the official numbers are adjusted to account for seasonal hiring. And the 94 million are those not trying to work, so is mostly independent of the labor market.

 

[SassyIrishLass]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

 

[Rustic]

Putting aside all of the partisan crap, we're doing quite well.
U.S. added 292,000 jobs in December; unemployment rate steady at 5 percent

The U.S. economy finished the year with a red-hot hiring spree, adding 292,000 new jobs as the unemployment rate held steady at 5 percent, according to new government data released Friday morning.
The latest jobs report exceeded the expectations of economists and investors and provided a reassuring note about the resiliency of the labor market, even amid volatile oil prices, a major slowdown in China and modest overall growth at home.
In all, the nation added 2.65 million jobs in 2015, the second-best year for hiring since 1999 and one that improved markedly in the last quarter. The economy added an average of 284,000 new monthly positions between October and December; in the first three-quarters of the year, the monthly pace was 200,000. Wage growth remains tepid, but the unemployment rate stands at its lowest point in more than seven years.
In a sign of confidence in the economy, the Federal Reserve in December raised interest rates for the first time in nearly a decade, removing the easy terms of borrowing that had helped stimulate the economy. The Fed’s 10-member voting committee said in meeting minutes released this week that the labor market, though still shy of its full potential, showed “further improvement” and “confirmed that underutilization of labor resources had diminished appreciably since early this year.”
The jobs data from December showed a labor market that is steadily growing but providing only modest wage gains to employees. Last month the average hourly wage fell by a penny, to $25.24. Since one year ago, wages are up 2.5 percent — below the pace from before the Great Recession, but a tick above the crawling pace maintained throughout much of the recovery. If there’s any consolation, it stems from lower oil prices, which have helped to push down the inflation rate while increasing the purchasing power for consumers.

How low the bar is...
Lol

 

[pinqy]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

 

[imawhosure]

lets see the month of December. they do hire more PART timers for that month during Christmas. that really put a dent in that 94Million people out of work eh?

There will be an underclass who has no education or skills who think they are owed a job, they existed before president Obama was elected and they will exist no matter who is president, you should know that steph

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

Like I told Cambell, hurray, but it doesn't M-A-T-T-E-R. What matters is 2016! Consider: What was the senior Bush popularity rating and confidence factor this far out? Did he win? Why not!

What counts is when you walk into the polling place, what is going on, and what you are thinking about it.

This November, we could be at war. We could be in recession. Or, everything could come up roses. Speculation on WHAT the conditions will be is just that, speculation.

The only educated guess we can make, is on the economy, because world events have a tendency to be out of our control.

So then, working on that theory, how is the economy projected, going forward!

 

[SassyIrishLass]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

 

[imawhosure]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

That is correct Sassy, consider------------> Take the last year or 2 of GW's performance out, and how does that change the equation?

So to suggest 1 month, or even 1 year means something at all, is ludicrous. What will drive a lot of the election, is what is happening from January 2016, through October 2016. So far, the Democrats are stinking it out!

 

[pinqy]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

No, it doesn't have anything to do with initial unemployment insurance claims. What do you think the connection is?

 

[Dovahkiin]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

Anyone who uses that number is a dishonest fool.

 

[SassyIrishLass]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

Anyone who uses that number is a dishonest fool.

Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation

 

[Dovahkiin]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

Anyone who uses that number is a dishonest fool.

Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation

The UE is 5%.
Bureau of Labor Statistics Data

 

[SassyIrishLass]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

Anyone who uses that number is a dishonest fool.

Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation

The UE is 5%.
Bureau of Labor Statistics Data

You're a dupe....run along now. I'm weary of people that are incapable of thinking for themselves

 

[pinqy]

Jobless claims rose last week...

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

Anyone who uses that number is a dishonest fool.

Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation

ok, what percent of those who either worked in December or tried to work in December are you claiming failed to get hired?

 

[Dovahkiin]

And still fewer claims than any time since the 1990's

Yeah that 90+ million out of the workforce doesn't mean a thing does it?

Anyone who uses that number is a dishonest fool.

Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation

The UE is 5%.
Bureau of Labor Statistics Data

You're a dupe....run along now. I'm weary of people that are incapable of thinking for themselves

Yes, BLS data is false because...?