January jobs report: 113,000 jobs added, 6.6% unemployment rate

The American economy once again failed to keep up with population growth in job creation in January, the second poor jobs report in a row. Only 113,000 jobs were added last month according to the BLS, but the labor force rebounded a bit as well:
Total nonfarm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in construction, manufacturing, wholesale trade, and mining.
Both the number of unemployed persons, at 10.2 million, and the unemployment rate, at 6.6 percent, changed little in January. Since October, the jobless rate has decreased by 0.6 percentage point. (See table A-1.) (See the note and tables B and C for information about the effect of annual population adjustments to the household survey estimates.) ….
After accounting for the annual adjustment to the population controls, the civilian labor force rose by 499,000 in January, and the labor force participation rate edged up to 63.0 percent. Total employment, as measured by the household survey, increased by 616,000 over the month, and the employment-population ratio increased by 0.2 percentage point to 58.8 percent. (See table A-1. For additional information about the effects of the population
adjustments, see table C.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) fell by 514,000 to 7.3 million in January. These individuals were working part time because their hours had been cut back or because they were unable to find full-time work. (See table A-8.)
The BLS applied its annual revisions to benchmarks, which in the end didn’t change too much of its analyses over the past year. The impact to the December-January calculations was almost nil, for instance.
There are a couple of bright spots. The U-6 measure of overall unemployment dropped to 12.7% even with the increase in the labor force, its lowest reading since December 2008 near the apex of the job-loss meltdown in the Great Recession. The number of people employed in the Establishment survey hit its highest level since June 2008, and in the private-sector since March 2008. The workforce participation rate bounced back a little, but not much; 63.0% is still tied for the fifth-lowest month since the 1970s.
Still, we need to add 150,000 jobs a month to keep pace with population growth. We’re closer to it than in December, which was upgraded to 75,000 jobs added, but still far off the pace for even stagnation.

This blog is powered by: http://8070132083.acnshop.eu

Allah arrested for theft of 300-year-old Stradivarius violin worth $6,000,000

The chap pictured above is Mr. Universal K. Allah, suspect in the theft of this violin. (His middle name is Knowledge.) This story has nothing to do with jihad, as far as I know, but I couldn’t help but wonder, as I pondered this gentleman’s marvelous name, if Allah, frustrated over Muhammad’s failure to do away with all musical instruments as he had commanded him to do, decided that he had to take matters in his own hands.
“The Prophet said that Allah commanded him to destroy all the musical instruments…” — Hadith Qudsi 19:5

This blog is powered by: http://8070132083.acnshop.eu

Train Spills 12,000 Gallons Of Oil In Minnesota, No Major Cleanup Effort Planned

12,000 gallons of crude oil leaked from a Canadian Pacific Railway train on Monday in Minnesota, dribbling oil along the tracks for 68 miles, according to local media reports.
Officials at the Minnesota Pollution Control Agency said Tuesday they would investigate the cause of the spill, but said no major cleanup effort was planned because of its relatively small size (one single tanker car carries 26,000 gallons) and the way that it happened: the tanker carrying the oil didn't derail and leak all in one place, rather oil gradually splattered out of the car between the rails onto the track bed as the train was moving. The leak, according to the Star-Tribune, was traced to a valve or cap problem.
“It’s like it spray-painted oil,” MPCA spokesperson Cathy Rofshus told the Leader-Telegram. There were no reported pools of oil, Rofshus added, saying the agency would continue to monitor the area’s conditions.
Concerns about the safety of transporting crude by rail have ballooned in the last year, most infamously characterized by the deadly derailment in Lac-Mégantic, Quebec this past summer. The derailment caused a 1.5 million gallon oil spill, and an explosion which killed 47 people. Federal regulators recently reported that more oil has spilled from rail cars in 2013 than in the last four decades combined, which is in line with how much the practice itself has increased.

This blog is powered by: http://visitwebpages.info/paypalchecks/