NYJetsFan.com Forums: Unemployment Rate Hits 8.3 Pct. After Hiring Burst - NYJetsFan.com Forums

Jump to content

Toggle shoutbox NYJETSFAN BANTER

Jets 0-2 vs bills this year. Does Rex Ryan survive the year?
Jetsfan0099 Icon : (26 November 2014 - 08:55 AM) Like how do you get blown out by a team that didn't practice while you had 2 weeks to prepare?
Jetsfan0099 Icon : (26 November 2014 - 08:55 AM) That kind of stuff may force Woody to make the big changes and fire everyone
Jetsfan0099 Icon : (26 November 2014 - 08:55 AM) John Idzik has handled the QB situation terribly. 2 times he pretty much handed the job to his draft pick
Jetsfan0099 Icon : (26 November 2014 - 08:56 AM) Besides Sheldon Richardson, his drafts have been awful.
Jetsfan0099 Icon : (26 November 2014 - 08:57 AM) Maybe Woody will clean house and go all out for Jim Harbaugh, that probably won't happen though but it would be a franchise changer.
HarlemHxC814 Icon : (26 November 2014 - 10:07 AM) Harbaugh would be amazing...but because it makes sense it won't be done
HarlemHxC814 Icon : (26 November 2014 - 10:51 AM) According to Manish Mehta of the New York Daily News, the Jets blocked coach Rex Ryan from talking to Mehta about a bye-week visit to his ailing father, legendary NFL defensive guru Buddy Ryan. Buddy, who rose to prominence as defensive coordinator of the ’85 Bears and then coached the Eagles and Cardinals, is battling cancer.
HarlemHxC814 Icon : (26 November 2014 - 10:52 AM) Mehta interprets the muzzling of Rex Ryan as proof positive that, once the season ends, Ryan will no longer be the team’s head coach. Apparently, the team fears that Rex would become more sympathetic in the eyes of the fan base if he’s dumped by the team at a time when his father is fighting a serious illness.
santana Icon : (26 November 2014 - 11:05 AM) Mehta is an idiot
santana Icon : (26 November 2014 - 11:25 AM) If colt McCoy lights it up do the jets make a move?
HarlemHxC814 Icon : (26 November 2014 - 11:27 AM) I don't even care what they do for a while
HarlemHxC814 Icon : (26 November 2014 - 11:28 AM) The team is a catastrophe
santana Icon : (26 November 2014 - 11:29 AM) I didn't see the game
santana Icon : (26 November 2014 - 11:29 AM) I remember the first bills game though I'm guessing it was like that with more sleeping in the end zone
HarlemHxC814 Icon : (26 November 2014 - 11:32 AM) I'm with 0099...I hope they keep getting destroyed
Chaos Icon : (26 November 2014 - 11:33 AM) it's a very Jets-esque move to sign McCoy if he does well
HarlemHxC814 Icon : (26 November 2014 - 11:53 AM) I think they sign RGIII, Cutler, or Bradford
santana Icon : (26 November 2014 - 12:10 PM) why not all three
HarlemHxC814 Icon : (26 November 2014 - 12:11 PM) Knowing this team, I wouldn't put that past them
HarlemHxC814 Icon : (26 November 2014 - 02:07 PM) RAUL FOR QB
santana Icon : (26 November 2014 - 02:10 PM) the only real choice
santana Icon : (26 November 2014 - 02:10 PM) almost uefa time
HarlemHxC814 Icon : (26 November 2014 - 02:11 PM) RAUL>SMITHSIAH, JUST ACCEPT IT
HarlemHxC814 Icon : (26 November 2014 - 02:22 PM) FIRE IZDICK
santana Icon : (26 November 2014 - 04:07 PM) Rocking the atletico kit today 4-0 THE RAUL INFLUENCE
HarlemHxC814 Icon : (26 November 2014 - 04:15 PM) Haha you should make that into some kind of logo and put it in your sig
HarlemHxC814 Icon : (26 November 2014 - 04:15 PM) Sig***
HarlemHxC814 Icon : (26 November 2014 - 04:19 PM) TEH RAUL INFLUENCE
santana Icon : (26 November 2014 - 04:29 PM) LUDOGRETS
santana Icon : (26 November 2014 - 04:34 PM) LUDOGORETS
MikeGangGree... Icon : (26 November 2014 - 08:29 PM) TEH IZDIK
MikeGangGree... Icon : (26 November 2014 - 08:29 PM) SUCK
MikeGangGree... Icon : (26 November 2014 - 08:29 PM) FOR
MikeGangGree... Icon : (26 November 2014 - 08:29 PM) THE
MikeGangGree... Icon : (26 November 2014 - 08:29 PM) DUCK
Mr_Jet Icon : (26 November 2014 - 09:32 PM) One of these days one of you are going to type it too fast and say "Suck the Duck".
HarlemHxC814 Icon : (26 November 2014 - 09:41 PM) Hahaha
Jetsfan0099 Icon : (26 November 2014 - 10:45 PM) FIRE IDZIK
HarlemHxC814 Icon : (Yesterday, 02:04 AM) TEH POINT
Chaos Icon : (Yesterday, 11:14 AM) happy thanksgiving everyone!
ganggreen2003 Icon : (Yesterday, 04:53 PM) I hope Dirty Sanchez gets beat by the Cowgirls even though I would prefer to see a tie so neither team wins
Jetsfan0099 Icon : (Yesterday, 05:00 PM) Look at what a great system can do for a QB, Sanchez looks like a different QB with the Eagles.
Jetsfan0099 Icon : (Yesterday, 05:00 PM) Scanning the field and making quick decisions, I like how Chip has Sanchez throwing on the run which he was always great at.
Jetsfan0099 Icon : (Yesterday, 05:01 PM) I really hope we finally bring in a good offensive minded coach.
HarlemHxC814 Icon : (Yesterday, 05:45 PM) I really can't wait for this season to be done and over with
Resize Shouts Area

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

Unemployment Rate Hits 8.3 Pct. After Hiring Burst Here is some good news for your Friday

#1 User is offline   azjetfan Icon

  • D Coordinator
  • Icon
  • Group: Members
  • Posts: 2,984
  • Joined: 30-March 05
  • Gender:Male
  • Location:Cheese Land Baby
  • Interests:Football, golf, banking and home improvements

  • NFL Team:

Posted 03 February 2012 - 10:33 AM

This is a Yahoo article so take it with a grain of salt. However the core numbers seem to match Gallups (8.7% and 18.8%). The numbers do not take into account underemployed (18.8%) or those who have stop trying to find a job. With 201k new jobs added each of the past three months it would seem we may be showing some real growth. Anyway for those of you unemployed, underemployed or looking to advance this is good news.

Quote

WASHINGTON (AP) -- In the most impressive surge for the job market since the middle of last decade, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years.

Lower unemployment is a positive a sign for President Barack Obama's re-election hopes. Still, he's likely to face voters with the highest unemployment rate of any post-war president.

Hiring accelerated across the economy and up and down the pay scale. The high-salary professional services industry added 70,000 jobs, the most in 10 months. Manufacturing added 50,000, the most in a year.

The report Friday from the Labor Department sent money pouring into the stock market and out of more conservative investments in bonds. Dow Jones industrial average futures, virtually flat before the report was released at 8:30 a.m. (1330 GMT), jumped 100 points.

The stock market is already off to its fastest start in 15 years as more investors start to believe the economic recovery is finally for real and will only get stronger. The Dow has gained 4 percent in 2012.

It was the most jobs added since and April and May 2010, when 277,000 and 458,000 jobs were created. But those months were skewed by massive hiring for the census. Before that, the last month with more job creation was March 2006.

The unemployment rate was down two ticks from last month and the lowest since an 8.3 percent reading in February 2009. It was also the fifth consecutive month that the rate has fallen, the first time that has happened since late 1994.

The report seemed certain to shake up the presidential campaign, which is expected to turn on the economy. Unemployment was 7.8 percent when Obama took office in and 10 percent, its peak for the economic downturn, nine months later.

Employers have added an average of 201,000 jobs a month in the past three months. That's 50,000 more jobs per month than the economy averaged in each month last year.

The Labor Department's January jobs report was filled with other encouraging data and revisions. The economy added 200,000 more jobs in 2011 than first thought.

The unemployment rate is nearly a percentage point lower than over the summer, when many feared a recession was imminent.

Impressively, the job gains last month were spread across the economy. Even the beleaguered construction sector added 21,000 jobs, its second month of strong gains. That figure has probably been helped by unseasonably warm weather this winter.

The leisure and hospitality industry, which includes restaurants and hotels, added 44,000 jobs. Retailers added nearly 11,000.

The unemployment rate fell even as more people began looking for work. But a much larger number said they found work.

More jobs and higher incomes should help consumers boost spending and increase economic growth.

Job gains in November and December were revised upward to show that an additional 60,000 jobs were created in those two months.

The government also issued its annual revisions to jobs data going back five years. They showed that hiring was stronger over the past two years than previously thought. The economy added about 1.82 million jobs last year, nearly twice as many as in 2010.

Even with the gains, the job market faces a long way back to full health. The nation has about 5.6 million fewer jobs than it did when the recession began in late 2007.

There are still 12.8 million people out of work, though that is the fewest since the recession ended. An additional 11 million are either working part-time but would prefer full-time work, or have stopped searching for jobs.

When all those groups are combined, nearly 24 million are considered "underemployed. The so-called "underemployment" rate ticked down in January to 15.1 percent, from 15.2 percent.

Several reports signaled this week that the economy is improving gradually. Manufacturers expanded at the fastest pace in seven months in January, a private survey showed.

And fewer people sought unemployment benefits last week, the Labor Department said. The four-week average of applications fell to its second-lowest level since June 2008. The drop shows that companies are cutting fewer jobs, which usually leads to more hiring.

Americans spent more at big chain retail stores last month compared with a year earlier. And automakers began 2012 with a strong sales gain in January. Healthier auto sales can boost a range of companies, from steel makers to parts suppliers to shippers.

The economy expanded at a 2.8 percent annual pace in the October-December quarter, a full percentage point higher than in the previous quarter.

Even so, economists expect slower growth this year. Much of the fourth quarter's expansion was due to companies ordering more goods to restock their warehouses. Restocking is likely to slow in the first three months of this year. That would drag on growth.

Europe's financial crisis could also slow demand for U.S. goods. And average wages failed to keep up with inflation last year. That leaves consumers with less spending power, which can hamper growth.

Posted Image
0

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users