U.S. Economy Added 192,000 Private-Sector Jobs in January

[Cigar]

http://si.wsj.net/public/resources/images/OB-VW432_JOBS_E_20130104084402.jpg

Private-sector employment increased by 192,000 from December to January, on a seasonally adjusted basis. (The estimated gain from November to December was revised down by 30,000, to 185,000).

http://www.adpemploymentreport.com/2013/January/NER/NER-January-2013.aspx

[Mainecoons]

london (marketwatch) -- european stock markets extended losses in afternoon action on wednesday, after data showed the u.s. Economy unexpectedly contracted in the fourth quarter of last year. Gross domestic product for the quarter fell 0.1%, missing estimates of a 1% rise.

[Cigar]

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Tell your broker to buy American :laugh:

[Mainecoons]

PREMARKET INDICATIONS: U.S. stocks jarred by negative-gross-domestic product reading (http://www.marketwatch.com/story/stock-futures-steady-before-boeing-adp-fed-call-2013-01-30?dist=beforebell)

[keymanjim]

It's amazing what little things get ciggy all hot and bothered these days.

[Mainecoons]

The stock market is a bubble, created by Obama and Bernake by wantonly printing money, to the great benefit of the one percent, banksters and wall street fraudsters.

You can't run or hide from that fact but our terminal deniers, Nic the Cree Indian and Cigar, the equal opportunity whore, are masters of magical thinking. They honestly believe the balloon is going to rise indefinitely.

[Disco Stu]

http://si.wsj.net/public/resources/images/OB-VW432_JOBS_E_20130104084402.jpg

Private-sector employment increased by 192,000 from December to January, on a seasonally adjusted basis. (The estimated gain from November to December was revised down by 30,000, to 185,000).

http://www.adpemploymentreport.com/2013/January/NER/NER-January-2013.aspx

That's not good enough cause BUSH was LOSING 752 thousand jobs a month and cons love outsourcing cause sending jobs overseas means big profits

[Cigar]

:Doh!::loco::rofl:

[Mainecoons]

Let's see, 20 percent downward revision from the previous numbers. Anyone notice how they post inflated numbers and then later, when few are watching, post fat downward revisions?

Anyone also notice that the jobs numbers once revised downward show growth that is only half of what is needed to cut the unemployment rolls?

Wonder how many of these jobs are part time? If past history is a guide, quite a lot of them.

Economy is contracting already, wait until Obama's huge new taxes kick in.

[Mainecoons]

More exposure of the big lie of the job creation with the job-killing Obama administration in office:


Over two years ago (http://www.zerohedge.com/article/charting-americas-transformation-part-time-worker-society-following-6-straight-months-full-t) (and reiterated last year (http://www.zerohedge.com/news/americas-transition-part-time-worker-society-accelerates-part-time-jobs-hit-record)) Zero Hedge first wrote on what was and is an undisputed transition within the US labor force: a shift from full-time to temp, or part-time labor, with virtually no contractual or welfare benefits, and where workers are lucky to get minimum wage. This is because in the "New Normal" where copious amounts of structural slack are pervasive due precisely to the Fed's constant flawed micromanagement of the economy, the US has now become an "employers' market."Furthermore, we were the first to make the critical distinction (http://www.zerohedge.com/news/quality-assessment-us-jobs-reveals-ugliest-picture-yet)that it is absolutely not all about the quantity of jobs, but much more importantly, thequality of the new jobs being created. However, just like 99% of the general public, and all of the mainstream media, has an inborn genetic disorder preventing it from grasping the distinction between nominal and real, so these two critical aspects of the US jobs market languished unperturbed. Until now, two years later, when we are happy to see that the mainstream media has finally caught up with what our readers knew in December 2010.
[/URL][URL="http://opinionator.blogs.nytimes.com/2013/01/26/the-rise-of-the-permanent-temp-economy/?smid=tw-share"]From the NYT (http://opinionator.blogs.nytimes.com/2013/01/26/the-rise-of-the-permanent-temp-economy/?smid=tw-share), and long overdue:





Politicians across the political spectrum herald “job creation,” but frightfully few of them talk about what kinds of jobs are being created.Yet this clearly matters: According to the Census Bureau, one-third of adults who live in poverty are working but do not earn enough to support themselves and their families.

A quarter of jobs in America pay below the federal poverty line for a family of four ($23,050). Not only are many jobs low-wage, they are also temporary and insecure. Over the last three years, the temp industry added more jobs in the United States than any other, according to the American Staffing Association, the trade group representing temp recruitment agencies, outsourcing specialists and the like.

Low-wage, temporary jobs have become so widespread that they threaten to become the norm. But for some reason this isn’t causing a scandal. At least in the business press, we are more likely to hear plaudits for “lean and mean” companies than angst about the changing nature of work for ordinary Americans.

http://www.zerohedge.com/news/2013-01-30/quarter-jobs-america-pay-below-federal-poverty-line

[Professor Peabody]

Considering it takes about 125,000 new jobs per month to keep up with population growth, 192,000 leaves about a net 62,000 which is truly nothing to write home to mother about. At that rate we may be back where we belong by the year 2100.

[Mainecoons]

And watch, it will be revised downward quietly next month.

The BLS has been corrupted by Obama.

[Mainecoons]

Jobless claims jump and the increase in personal incomes is mainly attributed to dividend payouts.

Guess who owns pretty much all the stock and gets those dividends?

THE ONE PERCENT

http://www.marketwatch.com/

[Cigar]

Jobless claims jump and the increase in personal incomes is mainly attributed to dividend payouts.

Guess who owns pretty much all the stock and gets those dividends?

THE ONE PERCENT

http://www.marketwatch.com/

The maybe the money that appeared in my account was simply magic