Jobless rate at 3-year low as payrolls surge

The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.

[Tony]

Obama will be re-elected for doing a great job and bringing the country back from the Bush depression.

[Frank Lee Plain]

"We have to look beyond the immediate crisis and start building an economy that lasts into the future -- an economy that creates good, middle-class jobs that pay well and offer security."
-Barack Obama

"The single most important thing we want to achieve is for President Obama to be a one-term president."
-Republican Sen. Mitch McConnell

[Disgusted]

The Congress and President need to get on the ball authorizing more Work Visas from the H-1B down to Farm Visas plus give more hugh tax cuts to Corporation, etc who move their factories, etc to other countries.

How dare they slack doing their job and more Americans have jobs---why it is just a shame--why wages might go up.

[Your Ex]

The republicants have tried their damnedest to shut down the USA in their '1 term at any cost' stratagey.
Too bad America's tougher to kill than they thought!!

[Dingo]

Up Vote for you.
.

Your Ex wrote:

The republicants have tried their damnedest to shut down the USA in their '1 term at any cost' stratagey.
Too bad America's tougher to kill than they thought!!

[Dismayed]

All this is a bunch of political hype...sure the percentage will go down because it's based on available jobs. So all those businesses that have folded, or projects that have been halted, aren't counted.

[Dingo]

Awwww, you so disappointed that the jobs percentage are going down.
.
So what else can the GOP run on?
.
.
I get it, bin laddin is still alive.
.
newsflash, he is DEAD, thanks to Obama for giving the order to kill him unlike Gw Bush, arrest them and send them to gitmo.
.

Dismayed wrote:

All this is a bunch of political hype...sure the percentage will go down because it's based on available jobs. So all those businesses that have folded, or projects that have been halted, aren't counted.

[Skuttlebutt]

There were 132,952,000 people working in December and 130,456,000 in January. So there were 2.5 million fewer jobs in January, and the unemployment rate went down? Only is government can you make this shit up.

[Dingo]

Welcome to the FauxNews family of MORONS.
.
.
Now go play in the corner, you are boring me.
.

Skuttlebutt wrote:

There were 132,952,000 people working in December and 130,456,000 in January. So there were 2.5 million fewer jobs in January, and the unemployment rate went down? Only is government can you make this shit up.

[Matilda the Bun]

Fun With Numbers!

You nitwits believe anything this administration throws at you.

Democrats are smart!

http://www.youtube.com/watch...

[Matilda the Bun]

Dingo wrote:

Welcome to the FauxNews family of MORONS.
.
.
Now go play in the corner, you are boring me.
.
<quoted text>

The numbers are from the Bureau of Labor Statistics' own table, Numbnuts. From December to January, we lost two million jobs.

See, Obama is no dummy, but he knows the vast majority of his voting base are fcking retards like you who can't figure out 2+2, let alone the Bureau of Labor tables.

[Dingo]

So when the GW Bush Administration was telling US that we winining in IRAQ, you believed it..., right?

Matilda the Bun wrote:

Fun With Numbers!
You nitwits believe anything this administration throws at you.
Democrats are smart!
http://www.youtube.com/watch...

[Dingo]

Key word MORON. "Statistics", try to catch up with real news.
.
even fauxNews reported the job gains but you kinda deaf in one ear.
.
Sorry about that.
.
So did the dow close highest in how many months?

Matilda the Bun wrote:

<quoted text>
The numbers are from the Bureau of Labor Statistics' own table, Numbnuts. From December to January, we lost two million jobs.
See, Obama is no dummy, but he knows the vast majority of his voting base are fcking retards like you who can't figure out 2+2, let alone the Bureau of Labor tables.

[Ex-GOP Con]

Matilda the Bun wrote:

<quoted text>
The numbers are from the Bureau of Labor Statistics' own table, Numbnuts. From December to January, we lost two million jobs.
See, Obama is no dummy, but he knows the vast majority of his voting base are fcking retards like you who can't figure out 2+2, let alone the Bureau of Labor tables.

So tax cuts don't create jobs? It's been 10 plus years....

[Dingo]

It does create jobs according to the GOP.
.
.
.
.
.
.
in the pink clouds

Ex-GOP Con wrote:

<quoted text>
So tax cuts don't create jobs? It's been 10 plus years....

[Cat74]

They might want to check the numbers again, most of the jobs are part time, and all together we lost 2,000,000 jobs in the same period of time. Did the idiots think we wouldn' check their claimes? They can pretend, and claim otherwise,but people are not stupid, and the more they lie the less respect Americans have for this administration.

[justhefacts]

Obama needs to go to Puerto Rico to learn from a Republican.
http://www.theglobeandmail.com/report-on-busi...

Puerto Rico hit the wall in 2006, well before the mainland United States did.
By some standards, the island economy (population: four million) was exemplary. With median household income of $18,300 (U.S.), one of the highest in North America, Puerto Rico was economically comparable with Poland or Latvia. But it was running a spiralling deficit (revenue:$6.6-billion a year; expenditures:$9.9-billion) that it could not sustain.

When the credit-rating agencies cut Puerto Rican bonds to junk, its government was compelled, for the first time in its history, to shut down. It sent 100,000 public-sector workers home, closed all of its 1,500 schools and shuttered 242 government agencies and departments.
As markets crashed around the world in 2007-2008, Puerto Rico imposed a 7-per-cent sales tax, prolonging and intensifying its economic anguish.
On Jan. 2, 2009, 18 days before the inauguration of U.S. President Barack Obama, Luis Fortuno assumed office in Puerto Rico, the first Republican governor in 50 years.
“We were closer to the abyss than most states,” Mr. Fortuno recalled in a recent interview with Deroy Murdock, a columnist with Scripps Howard News Service and a contributing editor with National Review online.

“When I came into office, we were facing not just the worst recession since the Thirties, but the worst budget deficit in America, proportionally. We did not have enough money to meet our first payroll, Fortuno recalled.“We had to take out a loan Facing a $3.3-billion deficit, Fortuno did something almost unprecedented in contemporary public finance:“We cut expenses.” He took a 10-per-cent pay cut; senior bureaucrats got a 5-per-cent reduction. He cut 20,000 public sector jobs permanently and more temporarily – saving more than $900-million. In his first year in office, he slashed government spending, in absolute dollars, by 20 per cent.

Fortuno also cut taxes. He lowered the corporate tax rate to 30 per cent from 41 per cent (with further cuts coming in each of the next two years). Personal income tax rates dropped by 25 per cent (with further cuts coming in each of the next five years).
He gave homeowners a five-year property tax holiday, and scrapped capital gains and death taxes. Now in 2011, existing home sales increased by 35 per cent (compared with an average decline of 7.9 per cent in the continental states); new-home sales increased by 92 per cent (compared with an average decline of 9.9 per cent in the continental states).
To do anything in the old economy, Mr. Fortuno said,“You needed to obtain 28 permits … and go to 20-plus different agencies to do that.” Today, you need go to only one agency for a permit.

Another fundamental reform, he transferred public sector workers from “old-fashioned, statist defined-benefit pensions” to “market-friendly, defined-contribution pensions.”
The transformation of Puerto Rico’s dysfunctional economy has begun to attract attention. Retailers such as Nordstom, PetSmart, Saks Fifth Avenue and Victoria’s Secret have announced store openings in San Juan in 2012. Honeywell International and Merck & Co. have announced expansion of their manufacturing operations on the island.
Standard & Poor’s has upgraded Puerto Rico’s credit rating to “positive” from “stable”– its first upgrade in 28 years. Moody’s took Puerto Rico bonds back to triple-A, the highest rating in 35 years. We moving in the right direction, Fortuno said.“So we can keep lowering taxes.”

In three years, P.R. deficit has been reduced to $600-million from $3.3-billion. In 2009, its deficit equalled 44 per cent of its revenue; in 2011, it stands at 7 per cent. In 2009, as a ratio of deficit to revenue, Puerto Rico ranked 51st among American states, at the bottom of the pack. In 2011, it ranked 15th..

[Colorado Chick]

Sure as a farmer making buttermilk..payrolls have surged..with all the overtime..that one person holding the position of two workers..it may look good in print..but folks are starving in this once great country..due to budget cuts, mismanagement of funds and bad-to-the-bone leadership.

[Sentinel]

Companies love governors who sign a law ending mandatory union membership.

I'm not a big pro-union person, neither am I totally anti-union, but many corporations with very large profit margins and very well paid CEO's want workers to work for low wages.

In some cases there have been union jobs with folks getting too much and job sites with unions making ridiculous demands, but I think the time is coming in North America where wages that saw you live comfortably and also be able to save is coming to an end.

One company here in Canada wanted it's union to take a 50% pay cut. Yet the company made $5 billion in profits last quarter(58% increase), and it's CEO paid $10.5 million.....the company moved to Indiana where the governor has done away with mandatory union membership.

[Dismayed]

Skuttlebutt wrote:

There were 132,952,000 people working in December and 130,456,000 in January. So there were 2.5 million fewer jobs in January, and the unemployment rate went down? Only is government can you make this shit up.

...Only in America!

Stats can so easily be manipulated, but this is ridiculous. Even the anchors on FOXNEWS are raving about how good this news is that unemployment is finally being reduced. You'd think media would put one of their "investigative reporters" on detail to figure it out...