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(Marketwatch)   How to read the December jobs report, discuss labor in the politics tab rationally   (articles.marketwatch.com) divider line 9
    More: Interesting, Institute for Supply Management  
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495 clicks; posted to Business » on 04 Jan 2013 at 10:26 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



9 Comments   (+0 »)
   
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2013-01-04 10:28:37 AM  
Like wearing a tuxedo to a tractor pull
 
2013-01-04 10:36:13 AM  
I'm going to save a lot of people a lot of time and blame Fartbongo. (And the Jews.)
 
2013-01-04 10:39:15 AM  
Odd to see construction shedding jobs nationally, we've been on a steady increase up here in the north east (not even counting on Sandy, which I understand most of the aid and insurance funds haven't been doled out yet). It is normally 10% of GDP so that could be a large impact post consumerism driven times of the year.

/onward with the words libtard and conspirasah or whatever you farkers do
 
2013-01-04 10:41:15 AM  
A friend of mine just lost her job. So that must mean there are 10's of thousands of people just like her. Therefore, the economy sucks, we are a nation of takers, it's all Obama's fault and I hope people are happy with their decision to stay home instead of voting Romney.
/I've been spending way too much time at FreeRepublic
 
2013-01-04 10:44:28 AM  
here's the actual report (155k gain, 7.8% U1), with some charts:

Link

good news:
wage growth (1.63% year over year)
most sectors increased
last month's report revised upward by 14k

bad news:
jobs report was a slight miss (predicted 160k)
U5 & U6 rose (more people dropped out of the labor force)
Wage growth still below inflation
Gov't jobs fell by 13k
 
2013-01-04 10:59:18 AM  

dumbobruni: U5 & U6 rose (more people dropped out of the labor force)


That's not what U5/U6 mean -- the labor participation rate should be what you're looking at, and according to your link it was "unchanged from November at 63.6 percent". U5/U6 is talking about people who would prefer to have a full-time job but can only find part-time work and people who would like work but aren't looking. (The latter group is still counted in the labor force though, I think.)
 
2013-01-04 10:59:42 AM  

dumbobruni: (more people dropped out of the labor force)


Does that only count those that wanted to remain in the labor force or would a large number of baby boomers retiring skew that number?
 
2013-01-04 05:29:11 PM  

dumbobruni: here's the actual report (155k gain, 7.8% U1), with some charts:

Link

good news:
wage growth (1.63% year over year)
most sectors increased
last month's report revised upward by 14k

bad news:
jobs report was a slight miss (predicted 160k)
U5 & U6 rose (more people dropped out of the labor force)
Wage growth still below inflation
Gov't jobs fell by 13k


Decreasing the ranks of government employees by 13,000 is a good start.
 
2013-01-04 10:00:18 PM  
Discuss anything in the politics tab rationally? Subby's on drugs. :)
 
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