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January jobs report crushes expectations: 227,000 added

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sanman

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The Trump Bump has been sending the US economy on an upward trajectory


http://www.usatoday.com/story/money/2017/02/03/payroll-surge-employers-add-xx-jobs-january/97419526/


The labor market began 2017 on a high note as U.S employers added 227,000 jobs in January, raising the prospect of solid hiring this year amid a burst of business confidence in the Trump Administration.

The unemployment rate, which is calculated from a different survey, rose to 4.8% from 4.7%, the Labor Department said Friday.

Economists surveyed by Bloomberg expected 175,000 job gains.

Businesses added 237,000 jobs, driven by retail, construction and financial services. Federal, state and local governments lost 10,000.

On the downside, job gains for November and December were revised down by 39,000. November’s was revised to 164,000 from 204,000, and December’s to 157,000 from 156,000.
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Things started climbing after Trump was elected.
 
Yes, 227,000 job openings magically appeared because Trump was inaugurated two weeks ago. That's how economics works.
 
sanman said:
The Trump Bump has been sending the US economy on an upward trajectory

Things started climbing after Trump was elected.
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Yep magically Trump being elected just brought about those jobs right? I mean, it couldn't possibly be a continuation of the growing jobs already in place with Obama.....nope that can't be it, it's magically Trump.
 
Not this **** again!!!

No, things did not start to "climbing after Trump was elected" and the economy does not start and stop with any one President. And by the way the "crushes expectations" bit ignores that wage growth slowed.

Right out of the report...

"The disappointing pay increase could temper inflation and help convince the Federal Reserve to wait until June to raise interest rates again despite January's healthy job gain."

As with most of these reports, and the hyper-partisan responses, this is mixed news... and it has been that way ever since the financial meltdown.
 
Praxas said:
Yep magically Trump being elected just brought about those jobs right? I mean, it couldn't possibly be a continuation of the growing jobs already in place with Obama.....nope that can't be it, it's magically Trump.
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Well, the Midas touch was instantaneous too. It just took some time to starve. ;)
 
These people on this site HAVE to be paid trolls. They have to be.

Nobody can say crazy, and completely uninformed things like this without being on someone's payroll.
 
Cardinal said:
Yes, 227,000 job openings magically appeared because Trump was inaugurated two weeks ago. That's how economics works.
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Actually... yea, sort of actually. Trump has spurred optimism in the markets.

is it "real" growth, that is long lasting.... idk. But the bump seems to be definitely as a result of Trump.

Market moral is a thing.
 
OrphanSlug said:
Not this **** again!!!

No, things did not start to "climbing after Trump was elected" and the economy does not start and stop with any one President. And by the way the "crushes expectations" bit ignores that wage growth slowed.

Right out of the report...

"The disappointing pay increase could temper inflation and help convince the Federal Reserve to wait until June to raise interest rates again despite January's healthy job gain."

As with most of these reports, and the hyper-partisan responses, this is mixed news... and it has been that way ever since the financial meltdown.
Click to expand...

I wouldn't say nothing did. there were some movements in the market when trump was elected.
a lot and I mean a lot of businesses are looking forward to the roll back in regulations that have been crushing them.

is this all trump no. why? time period says otherwise. the job report was for the last quarter before he got elected.
does Obama have anything to do with it? maybe as he quit crushing businesses with regulations.

this is typical push upward in the job market.

the next jobs report that comes out will be trumps and we will see what happens.
 
celticwar17 said:
Actually... yea, sort of actually. Trump has spurred optimism in the markets.

is it "real" growth, that is long lasting.... idk. But the bump seems to be definitely as a result of Trump.

Market moral is a thing.
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He "spurred optimism," ergo 227,000 job openings magically appeared. Right.
 
That figure of 227,000 is better than expected but still short of what is needed. This economy needs to produce 250,000 jobs per month on an annual basis JUST to keep up with population growth. To get Americans back to work we need to produce 400k to 500k per month. Even that is low.

p.s., The unemployment rate is specious at best. Pay attention to employment participation rate.
 
Cardinal said:
Yes, 227,000 job openings magically appeared because Trump was inaugurated two weeks ago. That's how economics works.
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Your efforts at sarcasm have accidentally revealed the truth. Trump haters are just so bitter.
 
apdst said:
Thank you Mr. President!
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Don't be hard on Trump, as your very own link points out, the rate will continue to climb over the few years because the Boomers are retiring en mass. And there's nothing anyone can do about it, even President Trump/Bannon.

As Hall told Congress, the report says various factors have been pushing down the labor force participation rate over the past two decades, and they are expected to keep doing so during the next 10 years, as follows:

-- Members of the baby-boom generation will continue to retire from the labor force in large numbers; this factor is the most important, CBO said.
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a777pilot said:
That figure of 227,000 is better than expected but still short of what is needed. This economy needs to produce 250,000 jobs per month on an annual basis JUST to keep up with population growth. To .
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Please show your math. You're way way off any realistic numbers.
 
Cardinal said:
He "spurred optimism," ergo 227,000 job openings magically appeared. Right.
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sure, if small business owners are optimistic with Trump as president I could definitely see them starting to hire again and thus providing the bump in that time. 227,000 jobs isn't ALL that many in the greater scheme of things... but it is an improvement.
 
SenorXm/Sirius said:
Don't be hard on Trump, as your very own link points out, the rate will continue to climb over the few years because the Boomers are retiring en mass. And there's nothing anyone can do about it, even President Trump/Bannon.
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not so fast... that's good that they are retiring, because I expect automation to take over a lot of jobs... thus we may need a smaller subset of people who need work, so it may not grow continuously after all.
 
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pinqy said:
Please show your math. You're way way off any realistic numbers.
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You are correct. This might help. How Many Jobs Are Needed to Keep Up with Population Growth? | The Economic Populist

What I should have said is that to get those that want a job a job, to get those that have dropped out of the labor market and to produce jobs for population growth we need way more that 227k jobs per month. Maybe more like triple that number.

Thanks for your doubts about my numbers.
 
sanman said:
The Trump Bump has been sending the US economy on an upward trajectory


http://www.usatoday.com/story/money/2017/02/03/payroll-surge-employers-add-xx-jobs-january/97419526/




Things started climbing after Trump was elected.
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Things were climbing before he was elected. The real estate cycle is on track for another bubble. Trump will probably put it on hyperdrive. I'm still thinking a 2026 crash, but if Trump gets to move forward with his infrastructure plan it could happen even sooner.
 
Hypothetical said:
not so fast... that's good that they are retiring, because I expect automation to take over a lot of jobs... thus we may need a smaller subset of people who need work, so it may not grow continuously after all.
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You do not hire people due to optimism. You hire people due to demand and demand needs to be measured over a period of time predating Trumps inauguration.
 
Hypothetical said:
sure, if small business owners are optimistic with Trump as president I could definitely see them starting to hire again and thus providing the bump in that time. 227,000 jobs isn't ALL that many in the greater scheme of things... but it is an improvement.
Click to expand...

Right.

UnemploySept2014 copy.webp
 
SenorXm/Sirius said:
Don't be hard on Trump, as your very own link points out, the rate will continue to climb over the few years because the Boomers are retiring en mass. And there's nothing anyone can do about it, even President Trump/Bannon.
Click to expand...

Yeah, but the number declined after President Trump took office. :lamo
 
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