Economy adds 175,000 jobs in February

[Avorysuds]

175k jobs is horrid. Everyone knows it but the Obama bots...

Economy adds 175,000 jobs, beating forecasts

In the past ten years, how many months have exceeded 175k jobs?

I assume not many...

 

[Rshermr]

Yep. But the participation rate continues to drop and the UE went up to 6.7. So not only are the ones who quit looking for work hosed but the ones working are getting laid off

-Geaux

Typical tea bagger. How is it on your island?? Getting lonely??

 

[pinqy]

​

Yep. But the participation rate continues to drop and the UE went up to 6.7. So not only are the ones who quit looking for work hosed but the ones working are getting laid off

-Geaux

The participation rate did not drop. It stayed the same. Employment went up, Unemployment went up, Not in the Labor Force went down. Marginally Attached and Discouraged went down.

 

[Rshermr]

​

Yep. But the participation rate continues to drop and the UE went up to 6.7. So not only are the ones who quit looking for work hosed but the ones working are getting laid off

-Geaux

The participation rate did not drop. It stayed the same. Employment went up, Unemployment went up, Not in the Labor Force went down. Marginally Attached and Discouraged went down.

Long time no see. Rational posts are a really good thing. Thanks for posting.

 

[AceRothstein]

pinqy > everyone else in unemployment threads.

 

[Sallow]

The economy normally has to add about 220,000 jobs a month to keep pace with increases in the workforce. This general rule has been battered a bit in recent years as people drop out of the job market in record numbers, but bragging about adding 175k jobs in a month is like a baseball player bragging about hitting .225.

It's nothing to brag about.

Suppose we were losing 700,000 jobs a month, what would you call that?

I would call that a severe recession, Winger. Your problem is that recessions are typically followed by rather intense periods of rebound economic growth...something that we have not seen under the Obama Presidency. He's overseen the worst recovery from a recession since the Great Depression.

You can call it a ham sandwich if you like.

It was the worst financial crisis since the great depression. Worse, if you consider the fact that everything is interconnected and transactions happen in the milliseconds.

Staving off the it's harmful effects was nothing short of astonishing.

You folks really seem to have no understanding, whatsoever, of how bad things really were.

Lehman's gone. That shocked EVERYONE in government and the financial sector into action.

 

[Geaux4it]

Suppose we were losing 700,000 jobs a month, what would you call that?

I would call that a severe recession, Winger. Your problem is that recessions are typically followed by rather intense periods of rebound economic growth...something that we have not seen under the Obama Presidency. He's overseen the worst recovery from a recession since the Great Depression.

You can call it a ham sandwich if you like.

It was the worst financial crisis since the great depression. Worse, if you consider the fact that everything is interconnected and transactions happen in the milliseconds.

Staving off the it's harmful effects was nothing short of astonishing.

You folks really seem to have no understanding, whatsoever, of how bad things really were.

Lehman's gone. That shocked EVERYONE in government and the financial sector into action.

And what you have no idea of is how bad everything is now. Everyone is a monday morning QB. What is ahead will make what's happened behind look like childs play. Oh, many are shooting the messenger now, just like in 07/08

-Geaux

 

[LoneLaugher]

Yep. But the participation rate continues to drop and the UE went up to 6.7. So not only are the ones who quit looking for work hosed but the ones working are getting laid off

-Geaux

Missed the fact that participation rate went up....didn't ya? You need to get your talking points refreshed every so often, nutter.

 

[LoneLaugher]

I would call that a severe recession, Winger. Your problem is that recessions are typically followed by rather intense periods of rebound economic growth...something that we have not seen under the Obama Presidency. He's overseen the worst recovery from a recession since the Great Depression.

You can call it a ham sandwich if you like.

It was the worst financial crisis since the great depression. Worse, if you consider the fact that everything is interconnected and transactions happen in the milliseconds.

Staving off the it's harmful effects was nothing short of astonishing.

You folks really seem to have no understanding, whatsoever, of how bad things really were.

Lehman's gone. That shocked EVERYONE in government and the financial sector into action.

And what you have no idea of is how bad everything is now. Everyone is a monday morning QB. What is ahead will make what's happened behind look like childs play. Oh, many are shooting the messenger now, just like in 07/08

-Geaux

Really? When? What month and year? What is going to happen? Please....tell us.

 

[Geaux4it]

Yep. But the participation rate continues to drop and the UE went up to 6.7. So not only are the ones who quit looking for work hosed but the ones working are getting laid off

-Geaux

Missed the fact that participation rate went up....didn't ya? You need to get your talking points refreshed every so often, nutter.

Unemployment rose to 6.7 percent from 6.6 percent as more people entered the labor force and couldn't find work.

-Geaux

 

[SteadyMercury]

Yep. But the participation rate continues to drop and the UE went up to 6.7.

Unemployment rose to 6.7 percent from 6.6 percent as more people entered the labor force and couldn't find work.

Hah hah wow that has to be the quickest backpedal since Deion Sanders was roaming the left corner for the Atlanta Falcons.

Company... about... FACE!

 

[Geaux4it]

Yep. But the participation rate continues to drop and the UE went up to 6.7.

Unemployment rose to 6.7 percent from 6.6 percent as more people entered the labor force and couldn't find work.

Hah hah wow that has to be the quickest backpedal since Deion Sanders was roaming the left corner for the Atlanta Falcons.

Company... about... FACE!

Meh, Meanwhile

-Geaux

http://www.zerohedge.com/news/2014-03-08/peter-schiff-weather-or-not

Drilling deeper into the report will provide little reason for optimism. The labor force participation rate stayed at a generational low and the unemployment rate edged up. On the other hand, the long-term unemployed (those out of work for more than 27 weeks) increased by 203,000 to 3.8 million.

Furthermore, over half of the jobs created were low-paying or part-time jobs in education, health care, leisure and hospitality, government, and temporary services. Higher paying information jobs declined by another 16,000 following last month's 8,000 loss, and manufacturing added a scant 6,000 jobs.

 

[iamwhatiseem]

And once again the point that is consistently lost among most people - right and left - UNEMPLOYMENT is not the biggest problem, labor participation is a tiny-tiny problem. The REAL problem is UNDEREMPLOYMENT.
People who lost their good paying, full-time job with bene's - now working part-time or full time earning 1/3 of what they use to.
The most important factor in an economy is disposable income. Goes without saying a large percentage of the populace with little to no disposable income equals a painfully slow/stalled recovery...and that is exactly what we have.

 

[pinqy]

The REAL problem is UNDEREMPLOYMENT.
People who lost their good paying, full-time job with bene's - now working part-time or full time earning 1/3 of what they use to..

The reason that's mostly ignored is that it can't be measured. It can't even be adequately defined. Now, you'll give a definition, but it will be broad and subjective, and I'll be able to give multiple examples that meet your definition but can't reasonably be called underemployment.

 

[skookerasbil]

Only the far left could take bows for adding a whopping 175K jobs........

 

[Geaux4it]

Only the far left could take bows for adding a whopping 175K jobs........

And that the majority of the jobs created were part time.. Hmmm, Obamacare have any impact on that metric?

-Geaux

 

[skookerasbil]

Yep. But the participation rate continues to drop and the UE went up to 6.7.

Unemployment rose to 6.7 percent from 6.6 percent as more people entered the labor force and couldn't find work.

Hah hah wow that has to be the quickest backpedal since Deion Sanders was roaming the left corner for the Atlanta Falcons.

Company... about... FACE!

Meh, Meanwhile

-Geaux

Peter Schiff: Weather Or Not? | Zero Hedge

Drilling deeper into the report will provide little reason for optimism. The labor force participation rate stayed at a generational low and the unemployment rate edged up. On the other hand, the long-term unemployed (those out of work for more than 27 weeks) increased by 203,000 to 3.8 million.

Furthermore, over half of the jobs created were low-paying or part-time jobs in education, health care, leisure and hospitality, government, and temporary services. Higher paying information jobs declined by another 16,000 following last month's 8,000 loss, and manufacturing added a scant 6,000 jobs.

cool post.......ZEROHEDGE is the only site where you get the straight dope on the economy. They hammer both parties equally. Meanwhile, you flip on CBS radio yesterday and you'd think the economy was BOOOOOOOOMING!!!

 

[edthecynic]

Hah hah wow that has to be the quickest backpedal since Deion Sanders was roaming the left corner for the Atlanta Falcons.

Company... about... FACE!

Meh, Meanwhile

-Geaux

Peter Schiff: Weather Or Not? | Zero Hedge

Drilling deeper into the report will provide little reason for optimism. The labor force participation rate stayed at a generational low and the unemployment rate edged up. On the other hand, the long-term unemployed (those out of work for more than 27 weeks) increased by 203,000 to 3.8 million.

Furthermore, over half of the jobs created were low-paying or part-time jobs in education, health care, leisure and hospitality, government, and temporary services. Higher paying information jobs declined by another 16,000 following last month's 8,000 loss, and manufacturing added a scant 6,000 jobs.

cool post.......ZEROHEDGE is the only site where you get the straight dope on the economy. They hammer both parties equally. Meanwhile, you flip on CBS radio yesterday and you'd think the economy was BOOOOOOOOMING!!!

Zerohedge are nothing but Right-wing hacks. Remember how the Right have been telling us for years that education and government jobs pay much higher wages and benefits than than the average job and now suddenly they are "low-paying" jobs. A recent example was in support of Gov Walker's ending collective bargaining for overpaid government workers. The liars at zerohedge know their suckers will never remember what was said in the past.

Simply more proof that the Right are always on both sides of every issue depending on which way the wind blows at the time.

 

[Oldstyle]

Meh, Meanwhile

-Geaux

Peter Schiff: Weather Or Not? | Zero Hedge

Drilling deeper into the report will provide little reason for optimism. The labor force participation rate stayed at a generational low and the unemployment rate edged up. On the other hand, the long-term unemployed (those out of work for more than 27 weeks) increased by 203,000 to 3.8 million.

Furthermore, over half of the jobs created were low-paying or part-time jobs in education, health care, leisure and hospitality, government, and temporary services. Higher paying information jobs declined by another 16,000 following last month's 8,000 loss, and manufacturing added a scant 6,000 jobs.

cool post.......ZEROHEDGE is the only site where you get the straight dope on the economy. They hammer both parties equally. Meanwhile, you flip on CBS radio yesterday and you'd think the economy was BOOOOOOOOMING!!!

Zerohedge are nothing but Right-wing hacks. Remember how the Right have been telling us for years that education and government jobs pay much higher wages and benefits than than the average job and now suddenly they are "low-paying" jobs. A recent example was in support of Gov Walker's ending collective bargaining for overpaid government workers. The liars at zerohedge know their suckers will never remember what was said in the past.

Simply more proof that the Right are always on both sides of every issue depending on which way the wind blows at the time.

That post didn't make any sense at all, Ed. Nobody is saying that government jobs pay less...they've been pointing out the opposite...that government jobs are paid far better than private sector jobs. Part of the increase in "low paying jobs" that are being discussed would seem to be a result of employers turning one full time job into two part time jobs (which means two low paying jobs instead of one that pays well) trying to avoid the harsh penalties that ObamaCare would levy on them if they over a certain number of full time employees.

 

[edthecynic]

cool post.......ZEROHEDGE is the only site where you get the straight dope on the economy. They hammer both parties equally. Meanwhile, you flip on CBS radio yesterday and you'd think the economy was BOOOOOOOOMING!!!

Zerohedge are nothing but Right-wing hacks. Remember how the Right have been telling us for years that education and government jobs pay much higher wages and benefits than than the average job and now suddenly they are "low-paying" jobs. A recent example was in support of Gov Walker's ending collective bargaining for overpaid government workers. The liars at zerohedge know their suckers will never remember what was said in the past.

Simply more proof that the Right are always on both sides of every issue depending on which way the wind blows at the time.

That post didn't make any sense at all, Ed. Nobody is saying that government jobs pay less...they've been pointing out the opposite...that government jobs are paid far better than private sector jobs. Part of the increase in "low paying jobs" that are being discussed would seem to be a result of employers turning one full time job into two part time jobs (which means two low paying jobs instead of one that pays well) trying to avoid the harsh penalties that ObamaCare would levy on them if they over a certain number of full time employees.

All you are doing is substituting one lie for another.

Part-time work FOR ECONOMIC REASONS is DOWN from 7,771,000 in Dec to 7,257,000 in Jan to 7,186,000 in Feb. The vast majority of people working part-time WANT to work part-time.