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

Jump to content

Toggle shoutbox NYJETSFAN BANTER

Jets vs Bills this weekend... Is this an easy game yet?
santana Icon : (22 October 2014 - 12:51 PM) I like varane but hes doubtful also
Jetsman05 Icon : (22 October 2014 - 12:51 PM) yeah Pepe and Varane at the back for Madrid
santana Icon : (22 October 2014 - 12:51 PM) ITS GONNA BE GUD 05
Jetsman05 Icon : (22 October 2014 - 12:51 PM) Arbeloa(LFC former player) and Marcelo
Jetsman05 Icon : (22 October 2014 - 12:51 PM) nervous
santana Icon : (22 October 2014 - 12:52 PM) i gotta shower then i'm running down to the bar
Jetsman05 Icon : (22 October 2014 - 12:52 PM) Ronaldo rarely performed vs us at United
Jetsman05 Icon : (22 October 2014 - 12:52 PM) enjoy it
santana Icon : (22 October 2014 - 12:53 PM) you would like my sanctuary here in nola
santana Icon : (22 October 2014 - 12:53 PM) they put the megamix on for me on the large screen
santana Icon : (22 October 2014 - 12:53 PM) then i get all the individual screens with the separate games
santana Icon : (22 October 2014 - 12:54 PM) ill be around on the ipad for the TOP BANTZ 05
santana Icon : (22 October 2014 - 12:54 PM) i'm the only fool there drinking on tuesday/wednesday afternoons
Jetsman05 Icon : (22 October 2014 - 12:55 PM) I'd knuckle up next to ya buddy. Although I do prefer being alone for LFC haha
Jetsman05 Icon : (22 October 2014 - 12:55 PM) that sounds like a solid spot
santana Icon : (22 October 2014 - 01:02 PM) yeah i feel that i thought more people would make it better but during the wc it filled up with filthy casuals
santana Icon : (22 October 2014 - 01:03 PM) dont touch me casual! and i ran out of there
santana Icon : (22 October 2014 - 01:55 PM) http://i.imgur.com/cMQ53OF.jpg
HarlemHxC814 Icon : (22 October 2014 - 03:52 PM) It's so lovely to see you two getting along
HarlemHxC814 Icon : (22 October 2014 - 03:52 PM) Warms my heart
santana Icon : (22 October 2014 - 04:03 PM) yeah but we both decided that we hate you
santana Icon : (22 October 2014 - 04:03 PM) KILL YO SELF
HarlemHxC814 Icon : (22 October 2014 - 05:58 PM) 05 loves me
HarlemHxC814 Icon : (22 October 2014 - 05:58 PM) I'm delightful
Jetsman05 Icon : (22 October 2014 - 05:59 PM) fact
santana Icon : (22 October 2014 - 07:18 PM) Yeah well titties
santana Icon : (22 October 2014 - 07:18 PM) HALA Madrid
santana Icon : (22 October 2014 - 07:18 PM) Big titties at that
santana Icon : (22 October 2014 - 07:20 PM) http://gfycat.com/Co...ulMessyHorsefly
HarlemHxC814 Icon : (23 October 2014 - 09:43 AM) Should I start Rivers tonight or Brady on Sunday?
Jetsfan115 Icon : (23 October 2014 - 10:48 AM) rivers
santana Icon : (23 October 2014 - 12:04 PM) brady
Jetsfan115 Icon : (23 October 2014 - 01:22 PM) raul
santana Icon : (23 October 2014 - 01:40 PM) jared
azjetfan Icon : (23 October 2014 - 02:32 PM) Take the better match up
Jetsman05 Icon : (23 October 2014 - 03:31 PM) is 115 in the fantasy league
Jetsfan115 Icon : (23 October 2014 - 04:25 PM) nope
MikeGangGree... Icon : (23 October 2014 - 09:58 PM) 10-6!!!!
santana Icon : (23 October 2014 - 10:49 PM) no doubt
santana Icon : (23 October 2014 - 10:49 PM) believe!!!
HarlemHxC814 Icon : (Yesterday, 05:12 AM) TEHN AND SIX
Jetsman05 Icon : (Yesterday, 05:18 AM) TEH JETS!
santana Icon : (Today, 08:23 AM) SILVA!
santana Icon : (Today, 08:25 AM) Wait I mean
santana Icon : (Today, 08:25 AM) FIRE IDZICK
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: 2,947
  • 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