Jobs Friday: 257,000 created, Unemployment 5.7%

[Clarko95 📚💰📈]

NYT Article - http://www.nytimes.com/2015/02/07/business/economy/jobs-unemployment-figures.html?_r=0

Actual BLS report - http://www.bls.gov/news.release/empsit.nr0.htm


Basically:

 - 257,000 jobs created in January
 - November & December revised upwards to 423K and 329K, respectively (+147K together)
 - 703,000 more people entered workforce, causing U3 to rise to 5.7%
 - Wages increased by 0.5% (works out to a 5% yearly increase), economists predicted 0.3%, comes after decline in December
 - Total number for 2014 was 3.099 million jobs created (next month's BLS release will tell us the final number)
 - best of all, more full-time jobs were being created than part-time jobs

All around a pretty good report

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[Starbucks Union Thug HokeyPuck]

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

U5 (unemployment/discouraged/marginally attached) and U6 (U5+part time for economic reasons) also ticked up by an insignificant .1%

Taking in the report as a whole, this is definitely deserved:

[AggregateDemand]

It's a decent report, better than shrinking labor force, but it won't even pay for what Bush planned to spend. Certainly won't cover Obama's avarice.