us added 292k jobs in december

[HvilleHokie]

cue the discussion about labor participation rates and ctwcr not being able to find a job.

[UpstateSCHokie]

cue the discussion about labor participation rates and ctwcr not being able to find a job.

Is that number seasonally adjusted? I read through a story and I saw no mention of a seasonal adjustment. Obviously there will be more temp jobs in December due to the holiday season, but most of those are low paying / part time jobs.

[Hokie CPA]

cue the discussion about labor participation rates and ctwcr not being able to find a job.

Is that number seasonally adjusted? I read through a story and I saw no mention of a seasonal adjustment. Obviously there will be more temp jobs in December due to the holiday season, but most of those are low paying / part time jobs.

That was my first thought as well. It doesn't mean much to add 292,000 jobs in December if you're going to lose 150,000 in January.

[TheH2]

cue the discussion about labor participation rates and ctwcr not being able to find a job.

Is that number seasonally adjusted? I read through a story and I saw no mention of a seasonal adjustment. Obviously there will be more temp jobs in December due to the holiday season, but most of those are low paying / part time jobs.

Yes: http://www.bls.gov/news.release/empsit.t17.htm

[BigDave]

Woo hoo! Dead cat bounce in the market today!

[RiverguyVT]

LOL. What a spike of the football. Not even 300k jobs...in December!
And here I thought Obama's socialistic utopian policies would have resulted in total employment for all, everyone would be healthy, and the seas would be cleaned up. Like a big ol' "Big Rock Candy Mountain"...

One evening as the sun went down
And the jungle fires were burning,
Down the track came a hobo hiking,
And he said, "Boys, I'm not turning
I'm headed for a land that's far away
Besides the crystal fountains
So come with me, we'll go and see
The Big Rock Candy Mountains

In the Big Rock Candy Mountains,
There's a land that's fair and bright,
Where the handouts grow on bushes
And you sleep out every night.
Where the boxcars all are empty
And the sun shines every day
And the birds and the bees
And the cigarette trees
The lemonade springs
Where the bluebird sings
In the Big Rock Candy Mountains.

In the Big Rock Candy Mountains
All the cops have wooden legs
And the bulldogs all have rubber teeth
And the hens lay soft-boiled eggs
The farmers' trees are full of fruit
And the barns are full of hay
Oh I'm bound to go
Where there ain't no snow
Where the rain don't fall
The winds don't blow
In the Big Rock Candy Mountains.

In the Big Rock Candy Mountains
You never change your socks
And the little streams of alcohol
Come trickling down the rocks
The brakemen have to tip their hats
And the railway bulls are blind
There's a lake of stew
And of whiskey too
You can paddle all around it
In a big canoe
In the Big Rock Candy Mountains

In the Big Rock Candy Mountains,
The jails are made of tin.
And you can walk right out again,
As soon as you are in.
There ain't no short-handled shovels,
No axes, saws nor picks,
I'm bound to stay
Where you sleep all day,
Where they hung the jerk
That invented work
In the Big Rock Candy Mountains.
....
I'll see you all this coming fall
In the Big Rock Candy Mountains

[nolanvt]

LOL. What a spike of the football. Not even 300k jobs...in December!

What seasonally-adjusted number were you looking for out of curiosity?

[CFB Apologist]

cue the discussion about labor participation rates and ctwcr not being able to find a job.

If the number was not total made up bullshit, perhaps we could have an intelligent discussion. Reminds me of Diggety claiming Obama was adding millions of "jobs" a month, while Bush was losing millions. IT IS BULLSHIT. AIG just laid off 1700 people in the mid-atlantic. That is a "real" stat...not proposal contingent jobs posted to monster being counted as "added jobs"


Pull your head out of your ass

[RiverguyVT]

LOL. What a spike of the football. Not even 300k jobs...in December!

What seasonally-adjusted number were you looking for out of curiosity?

No personal target. Just knowing that approx 300,000 divided by 50 states is only 6,000 jobs per state which seems extremely anemic to me.

And, as the poster above posits, put me in the "this number is total bullspit" category, too. An unaccountable government reporting upon itself. No. I don't trust that number at all. Go ahead and put a tinfoil hat on me.

I'm wondering where the glory that O promised us is.

Big Rock Candy Mountain.

[HvilleHokie]

LOL. What a spike of the football. Not even 300k jobs...in December!

What seasonally-adjusted number were you looking for out of curiosity?

No personal target. Just knowing that approx 300,000 divided by 50 states is only 6,000 jobs per state which seems extremely anemic to me.

And, as the poster above posits, put me in the "this number is total bullspit" category, too. An unaccountable government reporting upon itself. No. I don't trust that number at all. Go ahead and put a tinfoil hat on me.

I'm wondering where the glory that O promised us is.

Big Rock Candy Mountain.

second best year since 1999. were all those years anemic too?

[RiverguyVT]

LOL. What a spike of the football. Not even 300k jobs...in December!

What seasonally-adjusted number were you looking for out of curiosity?

No personal target. Just knowing that approx 300,000 divided by 50 states is only 6,000 jobs per state which seems extremely anemic to me.

And, as the poster above posits, put me in the "this number is total bullspit" category, too. An unaccountable government reporting upon itself. No. I don't trust that number at all. Go ahead and put a tinfoil hat on me.

I'm wondering where the glory that O promised us is.

Big Rock Candy Mountain.

second best year since 1999. were all those years anemic too?

When you're at zero, even a one looks good.
The labor market sucks. And yeah, look at the participation rate.

[VisorBoy]

I find it funny that some people call employment numbers fraudulant, but will quote the labor participation rate ad infinitum.

Adding 300k jobs is a better-than-expected result, and the Feds pushing up the interest rate is another indication that the economy continues to grow. Of course, few economic pictures are every 100% rosy. Wages are stagnant, which lends some credence to the idea that the labor participation rate is artificially low at least in part due to people who've given up looking for work. Part of it is also the fact that the Boomers are retiring/retired and living longer than their parents.

If/when wages increase, then we will more confidently be able to contend that the labor participation rate is simply a relic of demographics. But until then, it could be and probably is a combination of both.

[TheH2]

cue the discussion about labor participation rates and ctwcr not being able to find a job.

If the number was not total made up bullshit, perhaps we could have an intelligent discussion. Reminds me of Diggety claiming Obama was adding millions of "jobs" a month, while Bush was losing millions. IT IS BULLSHIT. AIG just laid off 1700 people in the mid-atlantic. That is a "real" stat...not proposal contingent jobs posted to monster being counted as "added jobs"


Pull your head out of your ass

There are a lot of inputs to that BS model. Someone isn't sitting behind a curtain picking a number. Is it an exact number, of course not.

[TheH2]

I find it funny that some people call employment numbers fraudulant, but will quote the labor participation rate ad infinitum.

That's hilarious.

[RiverguyVT]

I find it funny that some people call employment numbers fraudulant, but will quote the labor participation rate ad infinitum.

It has to do with how the unemployment rate is calculated. Someone out of work long enough that he gets frustrated and stops looking is no longer considered unemployed per the unemployment rate. That's loony toons. The labor participation rate picks that guy up.

Currently, there are about 95,000,000 people who could be working, but aren't. That's a lot of people. The unemployment rate obfuscates this.

[ieatbacon]

I find it funny that some people call employment numbers fraudulant, but will quote the labor participation rate ad infinitum.

It has to do with how the unemployment rate is calculated. Someone out of work long enough that he gets frustrated and stops looking is no longer considered unemployed per the unemployment rate. That's loony toons. The labor participation rate picks that guy up.

Currently, there are about 95,000,000 people who could be working, but aren't. That's a lot of people. The unemployment rate obfuscates this.

If that's your issue, why not use the U6, which shows the same trend?

[HokieJoe]

I find it funny that some people call employment numbers fraudulant, but will quote the labor participation rate ad infinitum.

It has to do with how the unemployment rate is calculated. Someone out of work long enough that he gets frustrated and stops looking is no longer considered unemployed per the unemployment rate. That's loony toons. The labor participation rate picks that guy up.

Currently, there are about 95,000,000 people who could be working, but aren't. That's a lot of people. The unemployment rate obfuscates this.

If that's your issue, why not use the U6, which shows the same trend?

Trends are nice, but 10% isn't good. It's just a bogus reporting by the press to say the unemployment rate is 5%. Who the POTUS is at the time is irrelevant. Moreover the delta between the U3 & U6 has widened since 2007.

[cwtcr hokie]

hey butthead, it is cwtcr, try and at least get that right. As for me the inevitable happened with my current Controller job I have been at for 9 years, we lost a major client and the fella that I have worked for told me he would have to let me go by March 2016 (this was on 12/15/15). So yes I have been trying to find a new job to avoid this which I knew would come sooner or later. Thus why I have not been on here much, since the business I currently work for is failing I spend my days trying to keep the craphole together enough that I can get paid until 3/31/16. I spend my nights after getting my farm tasks done searching and sending out resumes, yes I am getting some action now on those, not a ton but some. Why? cuz I lowered my salary range 20-30k as I know I can keep all my stuff and be fine. Your comment is very welcome by the way. FYI, 9 years ago when I looked to make a job change, they were not paying Controllers with an MBA and a CPA $75k per year, now they do. Thus why I tried for 3 years to replace my job with a comparable income and it failed miserably. I am actually a pretty bright guy btw, since I knew this issue may happen we have no car payments and our barn debt is paid off and the horse operation is throwing off cash now, so even if I can't find anything by 3/31/16 I will be good for awhile. Could you say the same thing if your boss walked into your office and told you your job was ending soon?

cue the discussion about labor participation rates and ctwcr not being able to find a job.