January 2012 Jobs Report

[BushKenya]

The jobs report for the first month of 2012 is due to come out in 6 days.  What are the numbers estimated to be and what do you think they will be?  Will there be any revisions from previous months?

[Tender Branson]

Private sector job growth of 231.000 minus 14.000 government sector jobs = 217.000 net jobs

Unemployment rate is down to 8.3% (from 8.5%)

[Mr.Phips]

Private sector job growth of 231.000 minus 14.000 government sector jobs = 217.000 net jobs

Unemployment rate is down to 8.3% (from 8.5%)

The unemployment rate cant keep going down like that unless 400,000+ jobs start being created a month.  Almost a million people left the labor force in the last few months and many of them will start to come back in the next several months. 

[Nagas]

Saw the number 170,000 floated around on CNNmoney.

[Jerseyrules]

The sad truth is that the government will do what it always does: spin the numbers so they, idiot 1, looks good and the other idiot looks bad.  That's the danger of the 2-idiot system.  And no, a third idiot will NOT solve our problems.  See H. Ross Perot

[Yank2133]

243,000 jobs added in January, unemployment down to 8.3.

[patrick1]

Private sector job growth of 231.000 minus 14.000 government sector jobs = 217.000 net jobs

Unemployment rate is down to 8.3% (from 8.5%)

Pretty damned good job, Tender.  245,000 actual and you nailed both the gov't and unemployment #

[Tender Branson]

Well, it's the Obama-Recovery™, stupid !

Also:

"In December, the increase in payrolls was revised up to 203,000 from an initial report of 200,000. And November payrolls were revised up to 157,000 from 100,000."

...

If just the problems in the South/East of Europe (+Ireland) would go away, the US would now create 300K jobs per month, at least ...

[All life is a blur of Republicans and meat.]

Poor Mitt.

[Lief]

What exactly does Mitt Romney have to run on if the economy keeps this up?

[greenforest32]

What exactly does Mitt Romney have to run on if the economy keeps this up?

Belief in America™

[Lief]

A net increase of 200,000 jobs like we had in December is good. A net increase of 250,000 jobs like we had in January is better. That's a recovery. But to really recover we need many months in a row in the 300,000 to 400,000 jobs range. In order to get that, the following things would be helpful:

— An extension of payroll tax cuts.

— Unrestricted revenue sharing with state and local governments to reduce layoffs.

— A clear statement from the Federal Reserve that they will not nip a boom in the bud. The verbiage about expecting conditions to warrant low rates is confusing. What we ideally want is a clear statement like: "The Committee wants to see hundreds of thousands of Americans get jobs each and every month, even if transitioning hundreds of thousands of people from idleness to unemployment causes temporary spikes in the price of gasoline, primary commodities, or rental housing."

All of those things signal to firms that are cash-rich or creditworthy something like "now would be a good time to take advantage of relatively low prices by hiring workers and committing to fixed investments" rather than "now would be a good time to horde safe liquid financial instruments in case disaster strikes."

http://www.slate.com/blogs/moneybox/2012/02/03/what_we_need_to_keep_the_recovery_on_track.html

[You kip if you want to...]

What exactly does Mitt Romney have to run on if the economy keeps this up?

Belief in America™

"I never said that Obama was bad for economy."

[oakvale]

RIP Mitt Romney's Presdential ambitions (Jan. 2003 - Jan. 2011)

[Senator Sbane]

Well, hopefully this will keep up and Europe won't f it up.

[Politico]

I bet you boys were so proud when you finally pulled your grades up from D's to C's.

Obama promised A's, not C's. This is not good enough. And the economy has not even experienced the Euro shock yet, amazingly. It is time to try somebody else in the White House.

[t_host1]

243,000 jobs added in January, unemployment down to 8.3.

W O W !!

That means, that there's w a y more in TAX revenue pouring into the US Treasury.
That means, the predicted TAX increases will no longer be necessary.
That means, math is no longer used in official US Media stats.
That means, the food stamp president will tell GOD 'thanks' for saving his transformation.
That means, Trump, inturn, stops payment on his contribution check to Romney.
That means, "Dervish, the Obama Expansion" rolls on....

BTW - which president, President Gingrich or President Obama,
 defeat the islam-marx war on the world?

[Nagas]

I bet you boys were so proud when you finally pulled your grades up from D's to C's.

Obama promised A's, not C's. This is not good enough. And the economy has not even experienced the Euro shock yet, amazingly. It is time to try somebody else in the White House.

Amazing how much hackary blinds. Obama could magically pull out a record 500k and it would be "not good enough."

[CARLHAYDEN]

Well, it's the Obama-Recovery™, stupid !

Also:

"In December, the increase in payrolls was revised up to 203,000 from an initial report of 200,000. And November payrolls were revised up to 157,000 from 100,000."

...

If just the problems in the South/East of Europe (+Ireland) would go away, the US would now create 300K jobs per month, at least ...

Well, lets look at the real numbers (in thousands).  A comparison between January of 2009 and January of 2012 is most instructive (since same month is involved, "seasonal adjustments" are unnecessary).

                                                                  2009          2012          Change

Civilian noninstitutional population   234,739     242,269           7,530
Civilian Labor Force Level                 153,445     153,485                40
Employed                                          140,436     139,944           - 492
Participation                                        59.8%       57.8%              2.0

TB, will you ever get over apologizing for Obama?  Is it possible in your mind that anything Obama could (has, or will) do could ever be wrong?  

[All life is a blur of Republicans and meat.]

At least Newt could mount an attack on Obama from a cultural angle (as sad and disturbing as that would be). The economy is all Romney has going for him. Really.

[Lief]

U6 has also declined steadily since last fall, from 16.4% in September to 15.1% last month. Good news all around, it seems.

[ModerateCoward]

At least Newt could mount an attack on Obama from a cultural angle (as sad and disturbing as that would be). The economy is all Romney has going for him. Really.

So Obama gets over 60% of the vote?

[Politico]

Well, it's the Obama-Recovery™, stupid !

Also:

"In December, the increase in payrolls was revised up to 203,000 from an initial report of 200,000. And November payrolls were revised up to 157,000 from 100,000."

...

If just the problems in the South/East of Europe (+Ireland) would go away, the US would now create 300K jobs per month, at least ...

Well, lets look at the real numbers (in thousands).  A comparison between January of 2009 and January of 2012 is most instructive (since same month is involved, "seasonal adjustments" are unnecessary).

                                                                  2009          2012          Change

Civilian noninstitutional population   234,739     242,269           7,530
Civilian Labor Force Level                   153,445     153,485                40
Employed                                    140,436     139,944           -492
Participation                        59.8%       57.8%              2.0

TB, will you ever get over apologizing for Obama?  Is it possible in your mind that anything Obama could (has, or will) do could ever be wrong?  

The "hope and change" of January 2009 is now "got any change, Obama?"

The difference between Obama and Romney:

Obama: "I bless the culture of dependence."
Romney: "God bless the USA."

[Politico]

At least Newt could mount an attack on Obama from a cultural angle (as sad and disturbing as that would be). The economy is all Romney has going for him. Really.

So Obama gets over 60% of the vote?

He only got 53% of the vote when there was:

- "Hope and change"
- A financial crisis to blame on Bush/Republicans
- An old, erratic, unattractive John McCain as his opponent
- Sarah Palin to mock

How in the world is he going to manage anything close to 53% in THIS environment, but especially if another financial crisis hits due to the troubles in Europe? You do realize what Carl's numbers are showing, right? Things are still worse off than they were three years ago when Obama took office. Not just that, but we have an enormous amount of discouraged workers who are not even reflected in the unemployment rate. The real unemployment rate that America is feeling is well into the double digits.

[Beet]

This report is even better than it looks. Including revisions to the previous two months, and the benchmark adjustment of previous reports to payroll data, total payrolls are 468,000 higher than the amount thought a month ago.