February Jobs Report (+227.000 jobs, unemployment rate remains at 8.3%)

[Tender Branson]

What will it look like ?

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I'll predict about 263.000 jobs and the unemployment rate is down to 8.1%

[Tender Branson]

ADP says +216.000 jobs, up from 173.000 in January.

But ADP is almost never in line with the BLS report.

[Tender Branson]

+227.000 jobs created (+233K private minus 6K government)

UE Rate is unchanged at 8.3%

January jobs revised up from 243K to 284K

December jobs revised up from 203K to 223K

http://www.marketwatch.com/story/us-economy-generates-227000-jobs-in-february-2012-03-09

[Tender Branson]

A few other encouraging signs:

Employment is up by 1.3 million alone in the past 2 months.

Employment is up by 2.3 million alone in the past 6 months.

Employment is up by 2.5 million in the past year.

Employment is up by 4.1 million since the low of 138 million in December 2009.

Employment is now higher by 400K than in February 2009, in Obama's first month in office.

Unemployment (12.8 million) is now also lower than in February 2009.

[Tender Branson]

Another solid month.  Boy, whatever happened to that 0.5 percent surge in unemployment Gallup found?

Good news on a front doomsayers always like to focus on - half a million people rejoined the labour force.

Also good news are the big upward revisions.

If you start putting your trust into Gallup, you are fu**ed.