January Unemployment Rate Goes Up to 7.9%

[pwaldo]

http://www.cnbc.com/id/100426559

Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve's monetary policy or instill confidence that the recovery is gaining steam.

Economists were looking for 160,000 net new jobs created with the unemployment rate holding steady at 7.8 percent.

The ho-hum jobs numbers for January were accompanied by substantial revisions higher for previous months, according to the report from the Bureau of Labor Statistics.

[ajcorleone]

Hmmmmm???

[Wickabee]

Which meaningless number no one can agree on is this again?

[shrewsbury]

UE is up

[centrehice]

The important figure is that it is down, Year To Date. I don't know how that's possible with all the uneducated people in the USA and very few uneducated jobs above minimum wage.

[ajcorleone]

Hice if i could ask I thought you sadi you were Canadian do you still reside in Canada?

The important figure is that it is down, Year To Date. I don't know how that's possible with all the uneducated people in the USA and very few uneducated jobs above minimum wage.

[shrewsbury]

the year just started

[bud7562]

http://www.cnbc.com/id/100426559

it's going be higher than what they telling you??

[Wickabee]

Why don't we look at one of the 37 arbitrary numbers and argue over that for awhile.

[shrewsbury]

why don't we just look at the fact more people are signing up for UEC, means less people working.