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.

[Honda]

While I have never been one to give credit or assign blame to any one person for economic trends, I will say that I think President Trump should be given much credit for job production during his administration.

[Billy_Rightwing]

Shut down 5 mills while libs shut the forest down, so learned how to find the next job in a hurry.

[Dave Grubb]

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.

Not only do I disagree I suggest your head is in a very nasty place. Your daughter not working or paid for two days hardly compares to people working for 30 days, paying transportation costs, in many cases day care costs etc is as removed from reality as it seems the self-centered perpetrators were.

And for your insults to the Federal workers, those just might not be something you want public---especially if you are planning on flying and depend on the air traffic controllers to guide your plane, or take a dingy ride and fall in need of a rescue from the Coast Guard.

[wacojoe]

My daughter and millions of other furloughed workers in the private economy never get paid, while government workers are merely inconvenienced until the hours they did not work are reimbursed. Big difference. Paid vacation.

[Dave Grubb]

My daughter and millions of other furloughed workers in the private economy never get paid, while government workers are merely inconvenienced until the hours they did not work are reimbursed. Big difference. Paid vacation.

You seem to not process the fact that these people, in many cases, have no financial reserve..and the millions of contract workers who do not get paid don't count either

As for the vacation----millions continued to work---I guess you call that a bus-man's holiday.

[wacojoe]

I know a bit about working on the come and working without pay. Life is tough, but federal workers take small risks in their jobs paying more than the equivalent ones in the private sector, but with infinitely better job security yet a certainty of eventual pay. It is almost impossible to get fired in a government job, for instance. The occasional chance of a paid furlough does not pull on my heart strings like it does yours, it would seem. They can always move on if those risks seem too much to bare.

[Dave Grubb]

I think it safe to say we will not find agreement on this one

[Honda]

I deal with employees of the Federal Court system on a daily basis. Fortunately for them the US Office of Courts had some reserve funds that they were able to use to prevent Court employees from missing pay checks. I can say this some of the ones I consider friends were genuinely concerned to the point they were considering part time jobs. I did feel their pain. So to that point I agree with Dave that this was a quite traumatic and financially serious situation for many employees. However, I also agree with WJ that Federal employees are generally paid in excess of what the same or similar job pays in the private sector. Their benefit packages are extraordinary and their pensions are off the charts compared to the private sector, so that said a short shut down here and there is not really all that much to endure considering the huge upside to their job, it's benefits and security. I just hope the selfish childish folks driving this bus i.e. Pelosi and Trump find someway to settle their differences and move on. If history and tradition means anything I side with Trump since he clearly ran and was elected on securing the borders including a "wall" and the Congress has usually deferred to the electorate which in not occurring here. Not a bit of difference than Obama pushing through Obama care. I have yet to hear one fact articulated that tells me one thing negative (in the big scheme of things the cost is minor) that the wall will cause for the US, other than it is "immoral".

[mgrist]

I'm with Joe, paid vacation! If they didn't waste billions of dollars or give it to other country's we could have paid them. The liberals apparently think it better that we pay section eight slum lords than the poor mistreated federal workers. Half of them probably didn't know where to get their check from. I wish I had their problems.