US ECONOMY ADDS 252,000 JOBS; UNEMPLOYMENT RATE DOWN TO 5.6%


carlton pryor 2

The Bureau of Labor and Statistics is reporting this morning that the United States economy added 252,000 jobs and the unemployment rate fell to 5.6% from a pre-adjustment of 5.8% last month. This figure was 12,000 more jobs than estimated in the previous week. The metric of those who had stopped looking for work or were underemployed fell to their lowest levels since October 2008 from 11.4 to 11.2. Wages fell by 5 cents per hour and the labor participation rate fell from 62.9 to 62.7 in the last month of 2014. The numbers point to robust growth potential in Q1 2015 that will be buoyed by low energy costs. TED-OG projects unemployment in the US Q1 to end at 5.3% and Q2 5.0%.

Qu’ul cuda praedex nihil!

Carlton Pryor, D.S.V.E., O.Q.H.[Econ.].
Lead Economist
TED-OG
93 Melnar 3 AS

2 Responses to “US ECONOMY ADDS 252,000 JOBS; UNEMPLOYMENT RATE DOWN TO 5.6%”

  1. 92,898,000 Americans are out of the work force. That would be another record. Had President Bush used the same method of calculating UE then UE under the Bush Administration would have been less the 2 percent.

    These figures like everything else that comes from progtardia are bogus and have no real meaning.

    But like the meaningless “credentials” that adorn your names, enjoy!

    Have a nice day!!!
    🙂

    • This is an easy statistic to refute. There are not 92.8 million people out of the work force due to lack of jobs. Many of those 92.8 million you quote are retired persons, members of the military who are not counter or the permanently disabled. Ask yourself this question Tim. How many Baby Boomers are leaving the workforce each day?

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