RunInRed 16,360 Posted January 9, 2015 Share Posted January 9, 2015 Remember those warnings of a disastrous “Obama economy” ... yeah, those partisans look increasingly ridiculous with each passing day ... Employment rose more than forecast in December and the jobless rate declined to 5.6 percent, wrapping up the best year for the labor market since 1999 and adding to evidence the U.S. is a standout in the global economy.... The addition of 252,000 jobs followed a 353,000 rise the prior month that was more than previously estimated, a Labor Department report showed today in Washington. The jobless rate dropped to the lowest level since June 2008. ... An additional 2.95 million Americans found work in 2014, the most in 15 years and a sign companies are optimistic U.S. demand will persist even as overseas markets struggle. ... “We have continued, solid job growth,” said Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York, who projected a 240,000 gain. “It shows really solid momentum in U.S. growth. There are not a lot of places in the world where we see that these days." ... Job growth last month was highlighted by the biggest gain in construction employment in almost a year. Factories, health care providers and business services also kept adding workers in December. http://www.bloomberg...since-1999.html Link to comment Share on other sites More sharing options...
TheBlueVue 177 Posted January 9, 2015 Share Posted January 9, 2015 All that sunshine but real wages declined. Quite a "bullish" symptom when average hours are below 40 and wages of non-supervisory workers actually decline. http://thehill.com/policy/finance/228999-jobless-rate-falls-to-56-percent Link to comment Share on other sites More sharing options...
autigeremt 6,569 Posted January 9, 2015 Share Posted January 9, 2015 Remember those warnings of a disastrous “Obama economy” ... yeah, those partisans look increasingly ridiculous with each passing day ... Employment rose more than forecast in December and the jobless rate declined to 5.6 percent, wrapping up the best year for the labor market since 1999 and adding to evidence the U.S. is a standout in the global economy.... The addition of 252,000 jobs followed a 353,000 rise the prior month that was more than previously estimated, a Labor Department report showed today in Washington. The jobless rate dropped to the lowest level since June 2008. ... An additional 2.95 million Americans found work in 2014, the most in 15 years and a sign companies are optimistic U.S. demand will persist even as overseas markets struggle. ... “We have continued, solid job growth,” said Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York, who projected a 240,000 gain. “It shows really solid momentum in U.S. growth. There are not a lot of places in the world where we see that these days." ... Job growth last month was highlighted by the biggest gain in construction employment in almost a year. Factories, health care providers and business services also kept adding workers in December. http://www.bloomberg...since-1999.html Seasonal. Link to comment Share on other sites More sharing options...
AUUSN 823 Posted January 9, 2015 Share Posted January 9, 2015 The Wage Weakness May Not Be as Bad as It Seems: http://www.bloomberg.com/news/2015-01-09/holiday-wage-dip-may-be-temporary-as-u-s-job-outlook-brightens.html Link to comment Share on other sites More sharing options...
Proud Tiger 4,261 Posted January 9, 2015 Share Posted January 9, 2015 The key word in the article is "may" in the first paragraph. Link to comment Share on other sites More sharing options...
RunInRed 16,360 Posted January 9, 2015 Author Share Posted January 9, 2015 Exactly. “You’ve hired a lot of people in the last three or four months, and to the extent that you’re bringing in a lot of new talent, this new talent is not getting paid as the more experienced talent,” said John Silvia, chief economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “It’s probably only temporary. I would suspect that at the beginning of this year, as we go forward, those wages will pick up.” Nevertheless, glad there's something for the downers to hang their pessimistic hats on. Link to comment Share on other sites More sharing options...
homersapien 11,354 Posted January 9, 2015 Share Posted January 9, 2015 It's Obama's fault. Link to comment Share on other sites More sharing options...
autigeremt 6,569 Posted January 9, 2015 Share Posted January 9, 2015 It's Obama's fault. Partly. He was in Congress and did nothing....just a few speeches, no bills, and no votes. Link to comment Share on other sites More sharing options...
Texan4Auburn 1,626 Posted January 9, 2015 Share Posted January 9, 2015 Healthcare adding jobs. Good for me. Wonder that they define business services as? If they mean jobs such as in accounting or marketing, or if they consider retail and server type jobs as business service also? I'm actually just waiting for this thread to go Kevin Bacon AUfamily style though truthfully..... ie racism. It all leads back to racism. I need to work on adding question marks when I post on message boards lol. Link to comment Share on other sites More sharing options...
autigeremt 6,569 Posted January 9, 2015 Share Posted January 9, 2015 "I'm actually just waiting for this thread to go Kevin Bacon AUfamily style though truthfully..... ie racism. It all leads back to racism" Isn't that why you come to this forum.....to troll racism? LOLjk Link to comment Share on other sites More sharing options...
Texan4Auburn 1,626 Posted January 9, 2015 Share Posted January 9, 2015 "I'm actually just waiting for this thread to go Kevin Bacon AUfamily style though truthfully..... ie racism. It all leads back to racism" Isn't that why you come to this forum.....to troll racism? LOLjk That is racist man . You only said that cause your angry that he stared in one of the most successful dance movies ever.............and that it revolved around a white dude bringing moves to a white town. One of those.. Kevin Bacon stole our idea and culture people! Probably start complaining about casting a white guy like Woody Harrelson as Billy Hoyle in White Men Can't Jump. Woodies character defiantly should have not been played by a white guy!! Link to comment Share on other sites More sharing options...
TexasTiger 12,813 Posted January 10, 2015 Share Posted January 10, 2015 Just clicked on this so I could read why this is actually bad news. Link to comment Share on other sites More sharing options...
AUFAN78 3,890 Posted January 10, 2015 Share Posted January 10, 2015 Just clicked on this so I could read why this is actually bad news. I can't wait to read what you deduced! Link to comment Share on other sites More sharing options...
homersapien 11,354 Posted January 10, 2015 Share Posted January 10, 2015 Just clicked on this so I could read why this is actually bad news. They're torn between explaining why it's bad news or taking responsibility for it. Link to comment Share on other sites More sharing options...
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