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ProSense

(116,464 posts)
Fri Feb 7, 2014, 10:10 AM Feb 2014

Jobs report underwhelms again

Jobs report underwhelms again

By Steve Benen



The good news is, U.S. job growth picked up in January following December’s awful totals. The bad news is, that’s not saying much.

The new report from Bureau of Labor Statistics shows the U.S. economy added 113,000 jobs in January, well below economists’ expectations. The unemployment rate dropped to 6.6% – its lowest point since October 2008 – but that’s cold comfort given the overall data, and is likely affected by congressional Republicans’ decision to cut off jobless benefits for the long-term unemployed...there was also a sizable gap between the public and private sectors – in January, businesses added 142,000 jobs, while spending cuts forced 29,000 government job losses.

This report, like the one before it, offer yet another reminder to policymakers that the economic recovery is far from robust. For GOP lawmakers on Capitol Hill to forfeit 200,000 jobs this year by failing to extend jobless aid – or worse, threaten deliberate harm through another debt-ceiling crisis – only makes it harder for the economy to get to where it needs to be.

<...>

Also note, the Bureau of Labor Statistics does a once-a-year annual revision, updating every month’s job totals from the previous calendar year. The above chart reflects the changes applied to 2013’s monthly totals. (For what it’s worth, while we initially believed 2.18 million jobs were created last year, the revisions now show 2.32 million jobs were created.)

http://www.msnbc.com/rachel-maddow-show/jobs-report-underwhelms-again

GOP sabotage working out just as they'd hope: shut down government, block unemployment benefits, force local and state job cuts.

Republicans kill unemployment benefits for 1.7 million Americans. Twice.
http://www.democraticunderground.com/10024455179


14 replies = new reply since forum marked as read
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Adrahil

(13,340 posts)
1. They've sought to block jobs growth and the recovery at every step of the way.
Fri Feb 7, 2014, 10:34 AM
Feb 2014

It's amazing it's a good as it is.

Welcome to the GOP's America. Get used to it. They've managed to Gerrymander sufficiently to keep this going for a long time.

whatthehey

(3,660 posts)
2. unforgivably poor reporting/editing
Fri Feb 7, 2014, 10:41 AM
Feb 2014

It's bad enough when mouth breathing morons in Yahoo comments get basic facts wrong but paid political writers who do the same are lower than worm shit.

"The unemployment rate dropped to 6.6% – its lowest point since October 2008 – but that’s cold comfort given the overall data, and is likely affected by congressional Republicans’ decision to cut off jobless benefits for the long-term unemployed"

There is, as anyone with even a passing interest in these things knows, absolutely fuck all connection between benefit eligibility and unemployment rate, which only asks that you even minimally try to look for a job once in a whole month, or even a whole year for U6. The survey that generates the UE rate number does not even ask about benefits.

ProSense

(116,464 posts)
3. Mistaken
Fri Feb 7, 2014, 10:48 AM
Feb 2014
"The unemployment rate dropped to 6.6% – its lowest point since October 2008 – but that’s cold comfort given the overall data, and is likely affected by congressional Republicans’ decision to cut off jobless benefits for the long-term unemployed"

There is, as anyone with even a passing interest in these things knows, absolutely fuck all connection between benefit eligibility and unemployment rate, which only asks that you even minimally try to look for a job once in a whole month, or even a whole year for U6. The survey that generates the UE rate number does not even ask about benefits.

It seems that was referring to the "overall data." "Which" instead of "and" would likely clarify that.

The "overall data" is about jobs, which is and will be affected by the "decision to cut off jobless benefits."

That's my reading.

whatthehey

(3,660 posts)
4. Would still be terrible writing, and not sure I buy that anyway
Fri Feb 7, 2014, 11:03 AM
Feb 2014

It's a story about the monthly jobs report. The only thing there that benefits eligibility affects at all is the overall insured rate, which is a buried detail that precious few people even notice let alone care about as a function of the report data. Caring about the people themselves is a separate issue, although fewer people than should do so care about them, too.

mathematic

(1,439 posts)
10. Unemployment benefits have nothing to do with unemployment status
Fri Feb 7, 2014, 11:38 AM
Feb 2014

The OP linked article, and you apparently, are conflating these things to the general detriment of everybody's understanding. The poster was giving you the benefit of the doubt that you were not talking about unemployment status. Your followup question shows you were.

BLS Definition of Unemployed

Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.

Workers expecting to be recalled from layoff are counted as unemployed, whether or not they have engaged in a specific jobseeking activity. In all other cases, the individual must have been engaged in at least one active job search activity in the 4 weeks preceding the interview and be available for work (except for temporary illness).


Nowhere in that definition do you see the word "benefits." Furthermore, this is about the millionth time the definition of unemployed has been posted in a jobs thread on DU and considering you post a jobs thread every month I have no idea how you don't know this.

For the life of me, I can't figure out why you're trying to spin these numbers as bad when they were good across a bunch of categories like total jobs, unemployment rate, and even the much-maligned labor participation rate and the employment population ratio, in the face of exceptionally poor weather.

ProSense

(116,464 posts)
7. No, it's not, and
Fri Feb 7, 2014, 11:16 AM
Feb 2014

no one with any sense is going to look at a report that fell well below expectations as "good news."



 

kelliekat44

(7,759 posts)
14. Who sets the "expectations?"
Fri Feb 7, 2014, 01:12 PM
Feb 2014

I fail to see that month over month additions is "bad" news. Not enough people are employed but we are helping the self-fulfilling doomsday thinking of the GOP and the media.

JCMach1

(27,559 posts)
9. The weather is dampening the economy everywhere...
Fri Feb 7, 2014, 11:25 AM
Feb 2014

my own business is down at least 20-25%

I imagine that would be a pretty average estimate.

One_Life_To_Give

(6,036 posts)
13. Yet our cities gas and water pipes leak
Fri Feb 7, 2014, 01:06 PM
Feb 2014

and dogs can't walk the winter streets/sidewalks free from electrocution hazards.

Maybe it's time we rebuild the infrastructure we will have to replace eventually anyway.

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