Another Abysmal Jobs Report … Only 113,000 jobs Created in January 2014 … Unemployment Rate Down to 6.7%

Obamacare, Obamanomics and Barack Obama’s disastrous redistribution policies continue to create uncertainty and poor jobs reports …

January’s Jobs report shows that a meager 113,000 jobs were created, falling far below forecasters’ predictions of 185,000 new jobs. How are jobs supposed to be created in an environment where Barack Obama and his minions cause uncertainty and pass so many regulations on business that it makes it impossible? According to how the administration talks about Obamacare, no one has to work anymore, they got their Obamacare and subsidies.

Our plan is working perfectly to transform America into a third world country

The U.S. economy added just 113,000 jobs in January, a small improvement over December’s disappointing report but not nearly enough to signal a much-needed rebound in the increasingly unpredictable U.S. labor market.

The number of jobs created fell well below forecasters’ predictions of 185,000 new jobs.

The headline unemployment rate was 6.6%, according to figures released by the U.S. Labor Department, down from 6.7% in the prior month.

From CNBC: Stocks Fall on poor jobs report.

U.S. stock-index futures turned higher, reversing course on losses that came in the immediate aftermath of the January jobs report, with fewer Americans finding work in January than estimated, but the unemployment rate fell.

“Mitigating some of these negatives is the unemployment rate ticked a bit lower and the labor participation rate ticked up. Both of those are good things,” said Chris Gaffney, senior market strategist at EverBank.

The government reported the creation of 113,000 jobs in January versus expectations of 185,000. The jobless rate fell to 6.6 percent versus an expectation of 6.7 percent.

 DOL: THE EMPLOYMENT SITUATION — JANUARY 2014 -

Among the major worker groups, the unemployment rates for adult men (6.2 percent), adult
women (5.9 percent), teenagers (20.7 percent), whites (5.7 percent), blacks (12.1 percent),
and Hispanics (8.4 percent) showed little change in January. The jobless rate for Asians
was 4.8 percent (not seasonally adjusted), down by 1.7 percentage points over the year.
(See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more), at 3.6 million,
declined by 232,000 in January. These individuals accounted for 35.8 percent of the
unemployed. The number of long-term unemployed has declined by 1.1 million over the year.
(See table A-12.)

Check out what the REAL Unemployment rate looks like.

2 Responses to “Another Abysmal Jobs Report … Only 113,000 jobs Created in January 2014 … Unemployment Rate Down to 6.7%”

1. mc on February 8th, 2014 11:26 am

   One thing to consider when looking at the data is to consider how many of the “employed” are actually working TWO jobs (or more) in order to make ends meet?

   BarackObamaCare has forced MANY businesses to reduce their workforce from a full-time to part-time to avoid the penalties associated with noncompliance.

   So, if a worker needs to find two jobs in order to pay the bills, the data might suggest that TWO workers were employed, when it is really just one person making do with two lower paying jobs.

   Another indicator of how well the economy is going is how discount sellers like WalMart are doing. There was an article the other day that WalMart is getting too expensive for the middle class.

   http://finance.yahoo.com/blogs/the-exchange/why-wal-mart-is-getting-too-expensive-for-the-middle-class-215417616.html

   I don’t have specific numbers but it is my opinion the administration is keeping this inconvenient information out of the loop. (Wow, they would actually LIE to the American people?!?)

   The real job numbers are more likely to be much more dismal.

2. Charles on February 9th, 2014 4:56 pm

   Looks like the racists in America do what they do best, Blame th black man in the White House!

   Presidents have relatively little control on whom private industry or the states governments hire, or how many. This has annoyed many Presidents, but so long as capitalism remains the dominant economic theme will be true.
   Of course he is not a Marxist or communist. Do you even know what the terms cover in the way of beliefs or behavior? Incidentally, both are atheistic, so were he either he could not be Moslem, and vice verse. Since he was married in a Protestant church and attends one now, he probably is not Moslem, either.
   Perhaps you should ask Michelle about his sexuality.
   Any President or VP can be impeached by the House of Representatives for anything they feel like. That does not mean the Senate will convict, as Bill Clinton proved.

   Well…we have a very divided economy, don’t we. Where the upper 1% are skyrocketing ahead; the next 5% are sprinting ahead, the next 14% are jogging ahead. And the lower 80% are sucking wind.

   But what’s funny/sad/stupid is that folks like the top opinion person here actually believe (or want YOU to believe) that “this has just started happening in the last 4-5 years”.

   The facts say otherwise. This widening of the income gap between the haves and have-nots – where the top 5% have been absconding with 80% of the GDP gains – has been going on since the late 70′s/early 80′s. Courtesy of cozy board rooms, “trickle-down” Reaganomics tax laws and legislation that favor the rich, offshoring, slicing of money for public schools. These graphs make it crystal clear: this has been going on for decades. Not “4-5 years”. But the Obama-haters are so brain-dead when it comes to economics and history, that they are completely oblivious to the reality that is so obvious below. Quite sad.

   As anyone can see – hourly workers compensation rose in lockstep with productivity gains for decades. But in the late 70′s/early 80′s – that sharing of productivity gains stopped. You can see, during the Reagan era – hourly wages don’t just flatline. They go down – and the opposite direction of productivity gains. THAT is what trickle-down economics got us. Hourly wages started to rise again in Clinton’s 2nd term.

   So what exactly are Republicans offering to build up America’s employment?
   ___________________________________________
   SM: The reason why this has been one of the slowest job recoveries of all time from a recession is because Obama’s policies have blocked job growth. You cannot spend your way out of debt. Eventually, even with a foll socialist in the WH some one is going to have to hire employees eventually.

   Hourly wages rose is the Clinton years, spare me the BS … It was called a DOT COM BUBBLE.

   You may want to go back and reeducate yourself as to who was responsible for what in the 70′s through current day.

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