- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
U.S. economy added 353,000 jobs in January
Posted on 2/2/24 at 8:00 am
Posted on 2/2/24 at 8:00 am
quote:
Job growth posted a surprise increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth.
Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%.
Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower.
Job growth was widespread on the month, led by professional and business services with 74,000. Other significant contributors included health care (70,000), retail trade (45,000), government (36,000), social assistance (30,000) and manufacturing (23,000).
The report also indicated that December’s job gains were much better than originally reported. The month posted a gain of 333,000, which was an upwards revision of 117,000 from the initial estimate. November also was revised higher, to 182,000, or 9,000 higher than the last estimate.
While the report demonstrated the resilience of the U.S. economy, it also could raise questions about how soon the Federal Reserve will be able to lower interest rates.
LINK
quote:
@byheatherlong
353,000 jobs were added in January. Strong hiring across the board
Biz +74,000
Healthcare +70,000
Retail +45,000
Gov't +36,000
Social aid +30,000
Manufacturing +23,000
Information +15,000 (Film industry +12,000)
Construction +11,000
Hospitality +11,000
Warehouse +5,500
Posted on 2/2/24 at 8:01 am to RLDSC FAN
So are these the real numbers or will they get "adjusted" 6 months from now?
Posted on 2/2/24 at 8:02 am to RLDSC FAN
quote:
Gov't +36,000
Social aid +30,000
Posted on 2/2/24 at 8:02 am to RLDSC FAN
quote:
353,000 jobs were added in January.
This is another lie. Remember last year when they said 800k jobs were created in Jan
Posted on 2/2/24 at 8:04 am to RLDSC FAN
(no message)
This post was edited on 3/13/24 at 7:32 am
Posted on 2/2/24 at 8:04 am to RLDSC FAN
Go look at individual state unemployment numbers.
That story isn’t matching the feds unemployment numbers. Someone is full of shite. I know where my money is at.
That story isn’t matching the feds unemployment numbers. Someone is full of shite. I know where my money is at.
Posted on 2/2/24 at 8:05 am to RLDSC FAN
Yea... That's a complete bunch of Horse shite!!
Posted on 2/2/24 at 8:05 am to RLDSC FAN
I have a few different businesses. All in all our operations added close to 2500 employees in January. Expect this to be a big top line revenue year for a lot of companies across many industries.
And it’s an election year, will be interesting to see how everything ends up come November/December.
And it’s an election year, will be interesting to see how everything ends up come November/December.
This post was edited on 2/2/24 at 8:29 am
Posted on 2/2/24 at 8:06 am to RLDSC FAN
Lots of people crying fake news at any positive economy news.
Posted on 2/2/24 at 8:16 am to crewdepoo
quote:
Lots of people crying fake news at any positive economy news.
Always. And if it was a negative jobs report, it would be facts. LOL
Posted on 2/2/24 at 8:18 am to crewdepoo
quote:
Lots of people crying fake news at any positive economy news.
I for one wholeheartedly believe our government. They would never lie about anything! Thanks crewdepoo for trusting our government too! You're a hero!
Posted on 2/2/24 at 8:18 am to notiger1997
quote:and when their orange Jim Jones spouts off about HIS jobs numbers, they are to be taken as gospel
Always. And if it was a negative jobs report, it would be facts. LOL
Posted on 2/2/24 at 8:19 am to RLDSC FAN
Something is not adding up here. All I've read about and experienced with friends and family is layoffs within the last few months. How they're calculating these numbers is unknown to me
Posted on 2/2/24 at 8:20 am to crewdepoo
quote:
Lots of people crying fake news at any positive economy news.
Because people actually live in the real world and see reality.
This isn't hard.
Posted on 2/2/24 at 8:20 am to crewdepoo
quote:
Lots of people crying fake news at any positive economy news
When you have to lie about job creation to make ppl think the economy is good is that really positive news?
Posted on 2/2/24 at 8:21 am to SDVTiger
Please explain how it's a lie
Posted on 2/2/24 at 8:21 am to RLDSC FAN
So nearly 20% of this number that will be significantly adjusted downward in a few months is tax payer funded. I'm confused as to why these job reports are rolled out as a positive when a large portion signals a growth of the already ridiculously bloated gov workforce. Those numbers should be excluded. They represent a drain on society.
Posted on 2/2/24 at 8:21 am to crewdepoo
quote:
Lots of people crying fake news at any positive economy news.
Perhaps it’s because we see headlines like this constantly then quietly a few months down the road there will be a “revised” much smaller number released that shows the original story was full of shite.
Maybe you’re more trusting than others, but when I’m lied to repeatedly, I tend to not believe anything told to me by those who’ve been doing to the lying.
Popular
Back to top
Follow TigerDroppings for LSU Football News