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Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.

 
Anonymous Coward
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02/07/2014 10:21 AM
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Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
US employers add 113K jobs; rate dips to 6.6 pct.



By CHRISTOPHER S. RUGABER

The Associated Press

WASHINGTON —

Hiring was surprisingly weak in January for a second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.

Employers added 113,000 jobs, the government said Friday, far fewer than the average monthly gain of 194,000 last year. Job gains have averaged just 154,000 the past three months, down from 201,000 in the preceding three.

The sluggish job growth may reflect what investors and economists have begun to fear: That the U.S. job market is weakening again, along with sectors like manufacturing and retail sales in the United States and abroad. The weakness might also raise doubts about the Federal Reserve's plans to steadily reduce its economic stimulus this year.

Still, more people began looking for work in January, a sign that they were optimistic about finding work. Some of these people found jobs, thereby reducing the unemployment rate to 6.6 percent from 6.7 percent in December. That's the lowest rate since October 2008.

Soon after the report was released at 8:30 a.m. Eastern time, investors pulled back from stocks and shifted into safer U.S. bonds, sending bonds yields sharply lower. But then stock futures rose back above the levels where they had traded before the news. And the yield on the 10-year Treasury crept back toward its earlier level.

Cold weather likely held back hiring in December, economists said, though the impact faded in January. Construction firms, which sometimes stop work in bad weather, added 48,000 jobs last month.

[link to www.ajc.com]
Anonymous Coward
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02/07/2014 10:21 AM
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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
All part of the plan
Anonymous Coward
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02/07/2014 11:02 AM
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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
US employers add 113K jobs; rate dips to 6.6 pct.



By CHRISTOPHER S. RUGABER

The Associated Press

WASHINGTON —

Hiring was surprisingly weak in January for a second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.

Employers added 113,000 jobs, the government said Friday, far fewer than the average monthly gain of 194,000 last year. Job gains have averaged just 154,000 the past three months, down from 201,000 in the preceding three.

The sluggish job growth may reflect what investors and economists have begun to fear: That the U.S. job market is weakening again, along with sectors like manufacturing and retail sales in the United States and abroad. The weakness might also raise doubts about the Federal Reserve's plans to steadily reduce its economic stimulus this year.

Still, more people began looking for work in January, a sign that they were optimistic about finding work. Some of these people found jobs, thereby reducing the unemployment rate to 6.6 percent from 6.7 percent in December. That's the lowest rate since October 2008.

Soon after the report was released at 8:30 a.m. Eastern time, investors pulled back from stocks and shifted into safer U.S. bonds, sending bonds yields sharply lower. But then stock futures rose back above the levels where they had traded before the news. And the yield on the 10-year Treasury crept back toward its earlier level.

Cold weather likely held back hiring in December, economists said, though the impact faded in January. Construction firms, which sometimes stop work in bad weather, added 48,000 jobs last month.

[link to www.ajc.com]
 Quoting: Anonymous Coward 40236320


Go beat off in the corner to your Obmama poster shill
Anonymous Coward
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02/07/2014 11:23 AM
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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
US employers add 113K jobs; rate dips to 6.6 pct.



By CHRISTOPHER S. RUGABER

The Associated Press

WASHINGTON —

Hiring was surprisingly weak in January for a second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.

Employers added 113,000 jobs, the government said Friday, far fewer than the average monthly gain of 194,000 last year. Job gains have averaged just 154,000 the past three months, down from 201,000 in the preceding three.

The sluggish job growth may reflect what investors and economists have begun to fear: That the U.S. job market is weakening again, along with sectors like manufacturing and retail sales in the United States and abroad. The weakness might also raise doubts about the Federal Reserve's plans to steadily reduce its economic stimulus this year.

Still, more people began looking for work in January, a sign that they were optimistic about finding work. Some of these people found jobs, thereby reducing the unemployment rate to 6.6 percent from 6.7 percent in December. That's the lowest rate since October 2008.

Soon after the report was released at 8:30 a.m. Eastern time, investors pulled back from stocks and shifted into safer U.S. bonds, sending bonds yields sharply lower. But then stock futures rose back above the levels where they had traded before the news. And the yield on the 10-year Treasury crept back toward its earlier level.

Cold weather likely held back hiring in December, economists said, though the impact faded in January. Construction firms, which sometimes stop work in bad weather, added 48,000 jobs last month.

[link to www.ajc.com]
 Quoting: Anonymous Coward 40236320


All the 6.6 reflects is people were discouraged looking for work and stopped - so these people are no longer counted.

The unemployment number could eventually reach 0 when nobody is working, and nobody is looking for jobs.

100% people not working, but the unemployment report would say everyone is working. 0% unemployment rate.

Do a google on u1, u2 and u6 unemployment rate and see that the government should be reporting u6 and not u2.

They should report all people actively and not actively looking for work, instead of just actively looking for work
Anonymous Coward
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02/07/2014 11:26 AM
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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
and idiots like you believe it---- no wonder our country is in rapid decline...... clearly.. YOU CANNOT THINK
~sIcKaNdTwIsTeD~
aka doomsucker

User ID: 29333438
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02/07/2014 11:27 AM

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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
Let's try 37% more like.
'Politicians are like diapers; they need to be changed often and for the same reason.' - Mark Twain

sheep1sheeeeeeeeeppepe
Anonymous Coward
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02/07/2014 11:28 AM
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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
As long as OWEbama has a job, many Americans will not.
Anonymous Coward
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02/07/2014 11:41 AM
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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
those are estimates...

wait 45 days for the actuals to be released.
Anonymous Coward
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02/07/2014 11:54 AM
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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
Hey OP,

Did you ever once stop and consider that the Federal Extended Unemployment Benefits Program has lapsed as of Dec. 31, 2013?

That means that all of the people that were receiving the extended unemployment benefits were effectively dropped from the unemployment roll numbers. Hence, a drop in the overall unemployment number as those people that were dropped are no longer counted as unemployed.

This nothing but true manipulation of numbers for the sheeple to embrace, give praise and thanks to this failed President and his Administration.

OBAMA=FAILURE
Anonymous Coward
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02/07/2014 11:59 AM
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Re: Thanks President Obama: US employers add 113K jobs; rate dips to 6.6 pct.
US employers add 113K jobs; rate dips to 6.6 pct.



By CHRISTOPHER S. RUGABER

The Associated Press

WASHINGTON —

Hiring was surprisingly weak in January for a second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.

Employers added 113,000 jobs, the government said Friday, far fewer than the average monthly gain of 194,000 last year. Job gains have averaged just 154,000 the past three months, down from 201,000 in the preceding three.

The sluggish job growth may reflect what investors and economists have begun to fear: That the U.S. job market is weakening again, along with sectors like manufacturing and retail sales in the United States and abroad. The weakness might also raise doubts about the Federal Reserve's plans to steadily reduce its economic stimulus this year.

Still, more people began looking for work in January, a sign that they were optimistic about finding work. Some of these people found jobs, thereby reducing the unemployment rate to 6.6 percent from 6.7 percent in December. That's the lowest rate since October 2008.

Soon after the report was released at 8:30 a.m. Eastern time, investors pulled back from stocks and shifted into safer U.S. bonds, sending bonds yields sharply lower. But then stock futures rose back above the levels where they had traded before the news. And the yield on the 10-year Treasury crept back toward its earlier level.

Cold weather likely held back hiring in December, economists said, though the impact faded in January. Construction firms, which sometimes stop work in bad weather, added 48,000 jobs last month.

[link to www.ajc.com]
 Quoting: Anonymous Coward 40236320


osuper who is it? It's Super "O"