Economy Adds Another 157,000 Jobs; Ra...

Economy Adds Another 157,000 Jobs; Rate Up to 7.9%

Posted in the Minneapolis Forum

Since: Oct 08

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#1 Feb 1, 2013
The new year started off with an old story: Employment grew again in January but not at a pace able to lower the jobless rate.
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.
redeemer

Minneapolis, MN

#2 Feb 3, 2013
Niether of the Above wrote:
The new year started off with an old story: Employment grew again in January but not at a pace able to lower the jobless rate.
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.
Stagflation...

Nixon ends gold standard. Opens free trade with China.
Johnson pays for war by printing paper.
Carter takes blame for social repercussions.
Volker tamed inflation.
Clinton turned banks into hedge funds.
Bush welcomed reckless spending.
Obama says we need to replicate problem to solve the problem.

Obama will be another Carter.
Gas lines and rationing will be the norm.

Are you prepared for the terminal phase of America?

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