Job's report

[Dave Grubb]

From this morning's WSJ:

By Eric Morath and
Sarah Chaney
Feb. 1, 2019 8:33 a.m. ET

WASHINGTON—U.S. employers added jobs for the 100th straight month in January, a streak of hiring that is stoking improved wage gains and holding unemployment near historic lows.
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Nonfarm payrolls increased a seasonally adjusted 304,000 in January, the Labor Department said Friday. The unemployment rate rose to 4.0% last month. The rate has edged up the past two months since touching a 49-year low of 3.7% last fall. The Labor Department said last month’s partial government shutdown contributed to the uptick.

Average hourly wages for private-sector workers grew 3.2% from a year earlier. Wages are growing at the best rate since the recession ended in 2009 in recent months.

Economists surveyed by The Wall Street Journal had expected 170,000 new jobs in January and a 3.9% unemployment rate.

Revised figures show employers added 222,000 jobs in December and 196,000 jobs in November, a net downward revision of 70,000.

[Billy_Rightwing]

Dave are you posting something good?

[Dave Grubb]

I guess that is up to you Billy

[wacojoe]

Gosh, I guess a temporary delayed-pay vacation of 800,000 federal workers that produce nothing anyway does not hold back the economy. Who woulda guessed to hear the wailing, moaning and gnashing of teeth from the MSM.

[Dave Grubb]

Gosh, I guess a temporary delayed-pay vacation of 800,000 federal workers that produce nothing anyway does not hold back the economy. Who woulda guessed to hear the wailing, moaning and gnashing of teeth from the MSM.

Really Joe.

Many of those people do not have a coffee can(s) full of cash in their back yard and having to pay for gas to get to a job that isn't paying is BS. Beyond that---it appears that the contract workers are not going to get back pay. Should they---that can be debated but what took place was simply wrong. How would you like it if your access to money was suddenly terminated through no wrong doing of your own while your bills continued to roll in---I dare say you would have an opinion.

I well remember times when I had to use money for groceries to make the payroll---may I never become so removed from that that I am without compassion for people that struggle and then get tripped up by a bunch of self-centered uncaring a** holes.

I don't give a crap which side was responsible---call it 50/50----but I do know it was unconscionable.

[wacojoe]

My daughter has a job for a major hotel chain, which had its computer system hacked necessitating that system be shut down. Because of that she could not do her job and was furloughed for a few days for which she went unpaid. No make-up. No law passed to recoup the days’ unpaid either. Just tough titty baby. That’s the way it works in the cold cruel world of average citizenry. I did not miss squat when a bit of the over paid federal workforce laid back awhile. And, as we see here, the economy did not miss ‘em either. Didn’t skip a beat.