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Feb. Nonfarm Payrolls: +227K vs. consensus of +215K, +284K (revised from 243K) in Jan....

Feb. Nonfarm Payrolls: +227K vs. consensus of +215K, +284K (revised from 243K) in Jan. Unemployment 8.3% vs 8.3% expected. Average workweek unchanged at 34.5 hours, inline. Average hourly earnings +0.1%.
Comments (48)
  • Another win for President Obama and his team.
    9 Mar 2012, 08:32 AM Reply Like
  • good numbers but nothing to do with Obummer.

     

    Thanks Bernanke - the genius - and the basic vitality of the US

     

    the economy grows despite the Administration which is worth about minus 1% in GDP growth - at the very least.

     

    Obummer is a growth drag. He is suffocating business. Lucky for him is that the US has a natural vitality that is hard to destroy - despite his efforts. The People are not stupid they see this.

     

    Ocarter is the most statist, pandering, non-leader that the US has ever had. He belongs at the UN as Secretary General.

     

    Obama must be defeated.

     

    If you want to return to more vibrant growth and prosperity - instead of this wheezing, sputtering, government is the solution to everything grey world we endure, then Obama must be defeated.

     

    E
    9 Mar 2012, 09:43 AM Reply Like
  • Since there is a correlation between employment and GDP and you are claiming the President has an influence on GDP, this implies that he should get some credit for a positive employment rate.
    9 Mar 2012, 10:10 AM Reply Like
  • Hard to complain...
    9 Mar 2012, 08:32 AM Reply Like
  • Hard to complain....yep...unem... is a leading or a lagging indicator? In 7 of the last 10 recessions, it's a lagging indicator.
    9 Mar 2012, 08:34 AM Reply Like
  • Perhaps... which leading indicators (besides ECRI) are predicting recession?
    9 Mar 2012, 08:37 AM Reply Like
  • As a lagging indicator it tells us that things weren't as bad as some dissident politicos wanted us to believe.

     

    As a trend line it tells us that things are getting better.
    9 Mar 2012, 08:39 AM Reply Like
  • True, but it is, nonetheless good news, and, at this point, not much indicates that there is a serious risk of falling back into a recession.

     

    More telling than the February number is the sizable revision higher to the January number, which gets closer to the sought after 300K number.
    9 Mar 2012, 08:55 AM Reply Like
  • Friday is another sad day for Conservatives as more Americans are going to new jobs.
    9 Mar 2012, 08:35 AM Reply Like
  • No doubt, your man will win in 2012.

     

    As a true conservative, I'd rather not see a fake conservative like Romney/Santorum/Gingrich in office anyway.
    9 Mar 2012, 08:41 AM Reply Like
  • If you guys could find another Ike, I'd probably vote for him.
    9 Mar 2012, 09:01 AM Reply Like
  • We just keep running George W. over and over again.
    9 Mar 2012, 09:04 AM Reply Like
  • All should be happy there is growth but we need to be clear eyed as to cause and effect

     

    It is similar to when Obummer claims that oil and gas production is rising under his administration - so how can he be anti with his policies of moratorium and restriction and contraction? How?

     

    the oil and gas production that is occurring now has its genesis in technology developed 10 to 20 years ago and investment decisions taken at the 5 toq0 years ago. It is a long lead team business.

     

    Obummer does his best to destroy the hydrocarbon industry - but he cannot - now perversely he benefits from it

     

    Similar with the economy.

     

    The People are not stupid. They see through this nonsense. They know that Obummer is the most anti-business - anti-growth President the US has had in their lifetimes.

     

    Obama is a failed Presidency.

     

    Obama must be defeated.

     

    E
    9 Mar 2012, 09:50 AM Reply Like
  • "Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes that you can do these things. Among them are a few Texas oil millionaires, and an occasional politician or businessman from other areas. Their number is negligible and they are stupid."

     

    President Dwight D. Eisenhower, l952-----
    9 Mar 2012, 10:14 AM Reply Like
  • Econdoc,

     

    The reality is that the fiscal stimulus package together with the Fed's aggressive policies saved the US and the world for that matter from a great depression.
    9 Mar 2012, 10:50 AM Reply Like
  • If Romney were to defeat Obama, we'd just have more foreign wars and slightly steeper deficits. Don't kid yourselves.

     

    I'd rather Obama take the blame for what's coming. He and the Democratic party will own the next 4 years.
    9 Mar 2012, 01:41 PM Reply Like
  • Excellent numbers overall....household survey was up 400K+.
    9 Mar 2012, 08:37 AM Reply Like
  • The unemployment rate stays unchanged and you dance with joy?
    Construction added no jobs, retail sales added no jobs. Which means no one is building, no one is buying.
    Bars and restaurants did very well, and medical too, manufacturing was up slightly.
    I am just glad the unemployment number didn't go up as it would effect an already jittery stock market.
    9 Mar 2012, 08:47 AM Reply Like
  • Stock market up 100% over 3 years.
    9 Mar 2012, 08:57 AM Reply Like
  • So is Gold and Oil. Thank Mr. Bernanke for that.
    9 Mar 2012, 09:07 AM Reply Like
  • The stock market is supposed to match inflation... Hence oil and stocks go up together over the long term.
    9 Mar 2012, 12:03 PM Reply Like
  • I bet all those people Obama is supposedly fighting for (cough b*llsh*t cough) were fully invested during March 2009. Wake up Terry: Bernanke, Obama and clan are only helping the rich get richer (all the banksters!) and putting all the less fortunate U.S. citizens on food stamps permanently. Lets not forget shifting the ever-growing burden of debt repayment to future generations. Totally bullish. Unfortunately secular economic growth is not built on this deplorable strategy.
    9 Mar 2012, 01:38 PM Reply Like
  • Participation rate and employment to population ratio head in the right direction. Let's see if we can get this trend to continue.
    9 Mar 2012, 08:54 AM Reply Like
  • Papaswamp- I think you and I see the US employment in somewhat the same light - very cautious about the numbers. A change of demographics and the increasingly need of higher skilled workers create a very different employment environment.
    9 Mar 2012, 10:12 AM Reply Like
  • I've been seeing different numbers.

     

    The participation rate has been flat-lining since 08 at around 58%.

     

    No change.

     

    Which also explains the fact, that employment number growth viewed "ex change in population" is zilch, with a gaping hole between 08 and now. I really want to see a recovering USA, but the numbers we're being fed is borderline election year propaganda.
    10 Mar 2012, 06:29 AM Reply Like
  • Really --Particpation rate is lowest since they kept records????

     

    "January, 2012: As unemployment stood at 8.3%, the workforce participation rate was 63.7% – the lowest since records have been kept. "

     

    What would these #'s be if we did subtract those who quit looking for work to the equation?

     

    However any improvement welcome --looking to get to below 8% that the trillion dollar give away guaranteed!
    9 Mar 2012, 09:38 AM Reply Like
  • Not sure where you are getting your information, but it is incorrect. Participation rate records go back to the 1950's. We are presently at 1983 levels. NSA participation rate rose Jan to Feb.. That said there has been a + 10 yr decline.
    http://bit.ly/x575dt

     

    Now as far as when the information has been broken out into demographic groups (about 20 yrs ago)...yes it is near it's lowest.
    ex. 25yr or older with a bachelors or higher.
    http://bit.ly/yQP7uw
    9 Mar 2012, 10:49 AM Reply Like
  • Talk about gaming the numbers
    9 Mar 2012, 09:41 AM Reply Like
  • You work in the gov't bureau? I suppose that's how you know.
    9 Mar 2012, 09:59 AM Reply Like
  • There are so many adjustments in these reports it's rather difficult to get a true understanding of actual job creation. But I'm sure you just take at face value whatever the government force feeds you.
    9 Mar 2012, 01:54 PM Reply Like
  • All the Obama cheerleaders on this site do the same. Everyone knows 8.3% not reflective of the true unemployment rate, but as bad as the Obama presidency has been for our economy they'll take anything not negative as a great step forward.
    9 Mar 2012, 02:01 PM Reply Like
  • Never - I'm a pragmatic - ex-altarboy - optimist - I am hesitant what anyone tells me.
    11 Mar 2012, 10:06 PM Reply Like
  • Someone making $60K a year can see themselves as being underemployed.
    11 Mar 2012, 10:08 PM Reply Like
  • Employment data means we are going nowhere, slowly.
    9 Mar 2012, 09:49 AM Reply Like
  • typo SA; the front says 277k
    9 Mar 2012, 10:06 AM Reply Like
  • Four more years! Four more years!!

     

    Obama, the change America needs!
    9 Mar 2012, 10:07 AM Reply Like
  • This election will be like 2004. The incumbent is far from the best choice, but the other options are all worse.
    9 Mar 2012, 12:04 PM Reply Like
  • Some of us boomers (10,000/day) are retiring. Not unusual to see historic numbers. Just as a guess, there might be a bit of unreported income activity in a few places.
    9 Mar 2012, 10:16 AM Reply Like
  • With the overall world GDP growing at a 3% rate, the US should be capturing some of this.
    9 Mar 2012, 10:17 AM Reply Like
  • If you just took the trillions of fake Bernanke dollars injected into the system and used it to hire people directly, not only would the UE rate have been ZERO, but the participation rate would've climbed massively as well.

     

    Bernanke will be hailed as a savior in the short run, but ultimately, America's financial system will be completely destroyed as a result of his actions. People found out years after Greenspan retired how much damage he actually helped bring about, and this guy Bernanke is far, FAR more dangerous.
    9 Mar 2012, 11:05 AM Reply Like
  • You don't provide any arguments to support your position. Bernanke did what was necessary to save the banking system. In fact, Europe just copied Bernanke recently in providing three year loans to banks at 1%.
    9 Mar 2012, 12:54 PM Reply Like
  • Yep...that helped save the banking system...put Solvakia as the leader in growth in the EU and Germany GDP a -0.2% acccording to the latest numbers.
    9 Mar 2012, 03:58 PM Reply Like
  • And mean duration of unemployment rose again. Its a game of "Survivor" not recovery.

     

    http://bit.ly/wxDrdS
    9 Mar 2012, 11:13 AM Reply Like
  • If unemployment benefits keep getting extended, as pols are wont to do, the mean duration of unemployment will rise endlessly.
    9 Mar 2012, 01:49 PM Reply Like
  • Today marks the third anniversary of the end of the big bad bear market of 2008-2009, and the beginning of the current bull market that began on 3/9/09. Believe it or not, while some investors still refuse to acknowledge that we are in a bull market, the current bull now ranks as the ninth longest ever. It is also the only bull market in history that lasted three or more years and was up 100% or more during the first three years.
    9 Mar 2012, 11:50 AM Reply Like
  • What a lucky break!!
    9 Mar 2012, 12:28 PM Reply Like
  • President Romney won't let the BLS play games with the unemployment numbers. You will find out the real unemployment number the week after Romney's team takes over.
    9 Mar 2012, 02:56 PM Reply Like
  • Huh? Do you really think he has a handle on that? Do you really think out of all the issues to handle, he'll go down to the bureau and start screaming at the number crunchers involved?
    11 Mar 2012, 10:13 PM Reply Like
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