U.S. Payrolls Rise 156,000 as Wages Increase Most Since 2009

[mbig]

Good December report.
Trump is taking over a pretty strong economy.
Looks like wages could grow at even a higher pace as we are near 'full employment,' and the labor market tight.
That bodes well for the economy, which counts on spending for growth.
Put more money in more hands.

U.S. Payrolls Rise 156,000 as Wages Increase Most Since 2009
by Sho Chandra
January 6, 2017, 8:30 AM EST - January 6, 2017, 10:07 AM EST
- Unemployment rate ticks up to 4.7% as labor force expands
- Factories, health-care businesses, restaurants add workers

https://www.bloomberg.com/news/arti...ise-156-000-as-wages-increase-most-since-2009

The U.S. labor market turned in a solid performance at the end of 2016, ['u]putting job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion[/u].

The 156,000 increase in December payrolls followed a 204,000 rise in November that was bigger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 175,000 advance. The jobless rate ticked up to 4.7% as the labor force grew, and wages rose 2.9% from December 2015.

Worker shortages may become more frequent in the coming year, which means employers could have to give out bigger wage hikes even as hiring cools. That would buoy consumer spending and underscore the case for the Federal Reserve to raise interest rates several more times in 2017, as policy makers deem the situation at or close to full employment. Treasuries fell and the dollar strengthened following Friday’s report.

“It’s a very strong job market overall,” said Scott Brown, St. Petersburg, Florida-based chief economist for Raymond James Financial Inc., who projected a 155,000 gain in payrolls. “There’s a further tightening in labor market conditions. Wage pressures are certainly building, and we should continue to see further upward pressure this year.”
[......]

 

[Captain Adverse]

I've given up on these types of job statistics.

I don't know but I just don't see all these "silver linings" such statistics crow about every so often reflected out in the real world.

Neither, it appears, did the people in the "rust belt" who voted in this past election.

Kinda make you wonder which reality one is actually seeing. :coffeepap:

 

[joG]

I've given up on these types of job statistics.

I don't know but I just don't see all these "silver linings" such statistics crow about every so often reflected out in the real world.

Neither, it appears, did the people in the "rust belt" who voted in this past election.

Kinda make you wonder which reality one is actually seeing. :coffeepap:

Where's the silver lining in an uptick in unemployment?

 

[Quazimodo]

Buy on the rumor, sell on the news. Unless, of course, you happen to be an unemployed basement dweller with no job and no prospects and lots of time on you hands to sit around in your underwear. In which case you go on social media and say things like, "F... Trump."

 

[NonoBadDog]

Middle class blue collar America seems to think there needed to be some change. I am pretty sure it had something to do with jobs and wages.

 

[mbig]

I've given up on these types of job statistics.
I don't know but I just don't see all these "silver linings" such statistics crow about every so often reflected out in the real world.

They are reflected in Growth and Consumer spending.

Where's the silver lining in an uptick in unemployment?

More people entered the work force/were 'Encouraged' to due demand for them.
The economy only needs app 100K jobs a month to break even/absorb new workers.. we got 156K

Middle class blue collar America seems to think there needed to be some change. I am pretty sure it had something to do with jobs and wages

The numbers show it's slowly being remedied, though not likely we will ever get the Northern Rust Belt jobs back.
NAFTA was a huge mistake and someone should pay. Of course this job export started under Reagan.

 

[justabubba]

Good December report.
Trump is taking over a pretty strong economy.
Looks like wages could grow at even a higher pace as we are near 'full employment,' and the labor market tight.
That bodes well for the economy, which counts on spending for growth.
Put more money in more hands.

U.S. Payrolls Rise 156,000 as Wages Increase Most Since 2009
by Sho Chandra
January 6, 2017, 8:30 AM EST - January 6, 2017, 10:07 AM EST
- Unemployment rate ticks up to 4.7% as labor force expands
- Factories, health-care businesses, restaurants add workers

https://www.bloomberg.com/news/arti...ise-156-000-as-wages-increase-most-since-2009

thanks, Obama!

 

[joG]

They are reflected in Growth and Consumer spending.



More people entered the work force/were 'Encouraged' to due demand for them.
The economy only needs app 100K jobs a month to break even/absorb new workers.. we got 156K



The numbers show it's slowly being remedied, though not likely we will ever get the Northern Rust Belt jobs back.
NAFTA was a huge mistake and someone should pay. Of course this job export started under Reagan.

We need more people in work.

 

[NonoBadDog]

They are reflected in Growth and Consumer spending.



More people entered the work force/were 'Encouraged' to due demand for them.
The economy only needs app 100K jobs a month to break even/absorb new workers.. we got 156K



The numbers show it's slowly being remedied, though not likely we will ever get the Northern Rust Belt jobs back.
NAFTA was a huge mistake and someone should pay. Of course this job export started under Reagan.

The votes show that blue collar workers don't buy it. Those are the numbers that count most of all. The rust belt is hurting regardless of the Enron accounting or the "for the earth" rhetoric that the left used to pipe smoke up their collective butts.

 

[mbig]

The votes show that blue collar workers don't buy it. Those are the numbers that count most of all. The rust belt is hurting regardless of the Enron accounting or the "for the earth" rhetoric that the left used to pipe smoke up their collective butts.

I don't blame the Blue Collars. As I said, they were sold out Long ago. Both by trade agreements, and Class warfare that was all but Won 30 years ago.
Globalism has forced the bottom half to compete with the planet.
I can remember All our last GOP Presidents (and probably Dems) telling us how good the American Worker was, and how we could compete with anyone.
Of course, I heard it for the obvious Death Warrant it was.
We couldn't compete with $1 an hour, and of course, didn't