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Re: Payrolls in U.S. Rose in January After Jumping at End of 2012

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 01 Feb 13 9:45 PM | 72 view(s)
Boardmark this board | The Trust Matrix 		Msg. 12586 of 54959
(This msg. is a reply to 12585 by clo)
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Hi clo,

The US is creating jobs at a fairly decent rate but it needs above 200k/month to get that headline rate moving down.

Obama's gradually erasing Republican damage to the economy. But they continue to try to stall the recovery. Or rather, they demand the adoption of the principles which will cause harm.

As the economy recovers, the deficit will begin to take care of itself. First in the form of increased tax yields from the greater proportion of employed people. Second from increasing wages as the labour market tightens. Third as inflation reappears and devalues existing debt relative to current GDP. Fourth, from increasing investment as debtors convert out of Treasuries and into more productive asset classes like property and stocks. And fifth, due to consumption growth because working people with more equity purchase more.

Lucky Obama won the election.

I think the option to reduce the Federal budget may be arguable in a couple of years. But not now.




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The above is a reply to the following message:
Payrolls in U.S. Rose in January After Jumping at End of 2012
By: clo in ALEA
Fri, 01 Feb 13 6:04 PM 		Msg. 12585 of 54959

Notice the upward revision for Dec. & Nov.
So much for the conspiracy theorists claiming the books were cooked to help Obama, they actually underestimated the numbers.
More folks are looking for work, that's the reason for the tick up in unemployment.

Payrolls in U.S. Rose in January After Jumping at End of 2012
By Alex Kowalski - Feb 1, 2013 8:30 AM ET

Hiring increased in January after accelerating more than previously estimated at the end 2012, evidence the U.S. labor market was making progress even as lawmakers quarreled over the federal budget.

Payrolls rose 157,000 following a revised 196,000 advance in the prior month and a 247,000 surge in November, Labor Department figures showed today in Washington. The revisions added a total of 127,000 jobs to the employment count in November and December. The jobless rate increased to 7.9 percent from 7.8 percent.

Sustained hiring gains will give incomes a lift, buffering American workers from the sting of higher payroll taxes and helping them keep spending. At the same time, bigger employment advances are needed to drive down a jobless rate that Federal Reserve officials say is too high.

“Improvement in the labor market is continuing,” Jonathan Basile, a U.S. economist at Credit Suisse in New York, said before the report. “Even though there were concerns about the fiscal cliff, it looks like they did not show up in hiring decisions.”

The median forecast of 90 economists surveyed by Bloomberg called for an advance of 165,000 in January payrolls. Projections ranged from gains of 115,000 to 230,000 following an initially reported 155,000 increase in December.

The Labor Department today also issued its annual benchmark update, which aligned employment data spanning from April 2011 to March 2012 with corporate tax records. The revision showed payrolls grew by an additional 424,000 workers, on an unadjusted basis, in that period.

more:
http://www.bloomberg.com/news/2013-02-01/payrolls-in-u-s-rose-in-january-after-jumping-at-end-of-2012.html

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