Trajan
conscientia mille testes
since the unemployment number is imho a cooked stat (as it is displayed as a benchmark ). We have to look at the jobs actually created which at the end of the day, is what counts. *shrugs*, ( I always subtract 125k from the whole number, 125K is a low end estimation of jobs needed to keep up with pop. growth, ie.e, treading water)...Seasonally adjusted?= Count me unimpressed.
U.S. Adds 103,000 Jobs in December, Unemployment at 9.4%
By Bob Willis - Jan 7, 2011 6:00 AM PT
Employers in the U.S. added fewer jobs than forecast in December and the unemployment rate dropped, partly reflecting a shrinking workforce, a sign the labor-market recovery will take time to develop.
Payrolls increased 103,000, compared with the median forecast of 150,000 in a Bloomberg News survey, Labor Department figures showed today in Washington. Employment the previous two months increased more than previously estimated. The jobless rate fell to 9.4 percent, the lowest level since May 2009.
Faster job growth is needed to keep consumer spending accelerating and ensure the economic recovery becomes self- sustaining. Payrolls need to grow about double December’s pace to make further progress in lowering the jobless rate, one reason why Federal Reserve policy makers have reiterated they will stick to their plan for more monetary stimulus.
“The economy is adding workers but there are no reliable signs the pace of hiring is improving,” said Julia Coronado, chief economist for North America at BNP Paribas in New York. “We are staying on track but I’m not sure growth is set to accelerate.”
Stock-index futures fell after the report, with the March contract on the Standard & Poor’s 500 Index dropping 0.1 percent to 1,268.8 at 8:57 a.m. in New York. Treasuries rose, with the yield on the benchmark 10-year note declining to 3.37 percent from 3.40 percent from late yesterday
more at-
U.S. Adds 103,000 Jobs in December, Unemployment at 9.4% - Bloomberg
and for 'balance'-
Unemployment rate falls to 9.4 percent, hiring up
Unemployment rate falls to 9.4 percent, lowest since May 2009, as businesses boost hiring
Christopher S. Rugaber, AP Economics Writer, On Friday January 7, 2011, 9:13 am
WASHINGTON (AP) -- The nation's unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches.
The Labor Department says employers added 103,000 jobs in December, an improvement from November but far below most analysts' expectations.
Private employers added a net total of 113,000 jobs last month. Government shed 10,000.
More people were hired in previous months than the government first estimated. The government's revisions showed the economy added 210,000 jobs in October, above the previous figure of 172,000. November's total was revised to 71,000, up from 39,000.
Over the past three months, the economy has added an average of 128,000 jobs. That's just enough to keep up with the population growth. Nearly double is generally needed to significantly reduce the unemployment rate.
103K new jobs in Dec. point to slow, steady growth - Yahoo! Finance
U.S. Adds 103,000 Jobs in December, Unemployment at 9.4%
By Bob Willis - Jan 7, 2011 6:00 AM PT
Employers in the U.S. added fewer jobs than forecast in December and the unemployment rate dropped, partly reflecting a shrinking workforce, a sign the labor-market recovery will take time to develop.
Payrolls increased 103,000, compared with the median forecast of 150,000 in a Bloomberg News survey, Labor Department figures showed today in Washington. Employment the previous two months increased more than previously estimated. The jobless rate fell to 9.4 percent, the lowest level since May 2009.
Faster job growth is needed to keep consumer spending accelerating and ensure the economic recovery becomes self- sustaining. Payrolls need to grow about double December’s pace to make further progress in lowering the jobless rate, one reason why Federal Reserve policy makers have reiterated they will stick to their plan for more monetary stimulus.
“The economy is adding workers but there are no reliable signs the pace of hiring is improving,” said Julia Coronado, chief economist for North America at BNP Paribas in New York. “We are staying on track but I’m not sure growth is set to accelerate.”
Stock-index futures fell after the report, with the March contract on the Standard & Poor’s 500 Index dropping 0.1 percent to 1,268.8 at 8:57 a.m. in New York. Treasuries rose, with the yield on the benchmark 10-year note declining to 3.37 percent from 3.40 percent from late yesterday
more at-
U.S. Adds 103,000 Jobs in December, Unemployment at 9.4% - Bloomberg
and for 'balance'-
Unemployment rate falls to 9.4 percent, hiring up
Unemployment rate falls to 9.4 percent, lowest since May 2009, as businesses boost hiring
Christopher S. Rugaber, AP Economics Writer, On Friday January 7, 2011, 9:13 am
WASHINGTON (AP) -- The nation's unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches.
The Labor Department says employers added 103,000 jobs in December, an improvement from November but far below most analysts' expectations.
Private employers added a net total of 113,000 jobs last month. Government shed 10,000.
More people were hired in previous months than the government first estimated. The government's revisions showed the economy added 210,000 jobs in October, above the previous figure of 172,000. November's total was revised to 71,000, up from 39,000.
Over the past three months, the economy has added an average of 128,000 jobs. That's just enough to keep up with the population growth. Nearly double is generally needed to significantly reduce the unemployment rate.
103K new jobs in Dec. point to slow, steady growth - Yahoo! Finance
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..this data = toys for tots....
