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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Elroy who wrote (318896)1/5/2007 10:13:11 AM
From: Road Walker  Read Replies (1) | Respond to of 1576826
 
How many people retired last month?



To: Elroy who wrote (318896)1/5/2007 2:01:40 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1576826
 
Elroy, > Employers stepped up hiring last month, boosting payrolls by a brisk 167,000 and keeping the unemployment rate steady at a still historically low 4.5 percent. Workers' wages grew briskly.

Great news. I wonder how many liberals are going to try and "nuance" those facts away?

Tenchusatsu



To: Elroy who wrote (318896)1/6/2007 2:12:42 PM
From: tejek  Read Replies (1) | Respond to of 1576826
 
WASHINGTON (AP) -- Employers stepped up hiring last month, boosting payrolls by a brisk 167,000 and keeping the unemployment rate steady at a still historically low 4.5 percent. Workers' wages grew briskly.

Its a good report but its been months since we've seen an increase over 100K jobs and we need 150K per month just to keep up with the expanding labor force. As for the unemployment rate being so low, there are a whole bunch of people whose unemployment benefits have run out and are still unemployed but are not reported in that statistic. Its one of the flows in the reporting system.

Employers showed not only a greater appetite to hire in December but also more willingness to boost compensation to workers.

The increase was a big surprise......ADP was showing a decrease of 40K. Mostlikely, the Dept of Labor's numbers will be revised downward in future months.

Workers, many of whom had seen their paychecks eaten by inflation, saw wages grow robustly last month. Average hourly earnings jumped to $17.04, a sizable 0.5 percent rise from the prior month. Analysts were forecasting a more modest, 0.3 percent increase.

Definitely good but doesn't begin to make up for the shortfall over the past six years.

Over the last 12 months, wages grew by a strong 4.2 percent. That matched the annual gain registered in November and was exceeded only by a 4.3 percent annual increase in November 2000.

Notice the six year gap?