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Thank you to all the business owners who are finally showing signs they are able to hire.
U-6 did not move much though. (14.4%-14.3%) But the 236,000 increase is encouraging.
236K is encouraging, especially considering the expiration of the payroll tax holiday which was feared to put a dent in it. What's also encouraging that payrolls rose by a lot, enough to offset the expiration of the payroll tax holiday.
The report showed 2 areas that helped bump that number..almost 50K in construction specialty trade contractors (whatever that means) and 20K in the movie industry.
For a change it's not the retail/leisure sector with the new jobs.
They also reported the revisions to Dec/Jan numbers:
Employment Situation Summary
The change in total nonfarm payroll employment for December was revised from
+196,000 to +219,000, and the change for January was revised from +157,000 to
+119,000.
The spike in construction jobs supports the positive numbers coming from the housing sector. Housing is recovering, and that is very good news.
Private sector employment increased beyond even the optimistic projections and government payrolls dropped again, this time by 10,000. An expanding private sector coupled with a shrinking government. This has been a continuing trend.
What about all that whining over "socialism!"... ?
Is this the only way your mind functions? By being obsessed with the GOP?
I am not a supporter of the GOP agenda (nor the Democrats') but I am not obsessed and do not find any way to inject rhetoric bashing them.
Think for yourself instead of letting Chris Matthews dictate you thought process.
I am extremely disappointed with what has happened to my GOP.
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Payroll numbers improve in February.
