U.S. adds 236,000 jobs, unemployment falls to 7.7%

WASHINGTON — U.S. employers ramped up hiring in February, adding 236,000 jobs and pushing the unemployment rate down to 7.7 percent from 7.9 percent in January. Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts.

The government's February employment report released Friday was filled with mostly encouraging details. The unemployment rate is now at its lowest level in four years. Hiring has averaged more than 200,000 per month since November. Wages increased. And the job gains were broad-based, led by the best construction hiring in six years.

One negative detail: Employers added fewer jobs in January than first estimated. Job gains were lowered to 119,000 from an initially reported 157,000. Still, December hiring was a little better than first thought, with 219,000 jobs added instead of 196,000.

The unemployment rate had been stuck at 7.8 percent or above since September. About half the decline in February occurred because more of the unemployed found jobs. A decline in the number of people looking for work accounted for the other half. People who aren't looking for jobs aren't counted as unemployed.

Strong auto sales and a steady housing recovery are spurring more hiring, which could lead to stronger economic growth. The construction industry added 48,000 in February and 151,000 since September. Manufacturing has gained 14,000 last month and 39,000 since November.

So far, higher gas prices and a Jan. 1 increase in Social Security taxes haven't caused Americans to cut back on big-ticket purchases.

Across-the-board government spending cuts also kicked in March 1 after the White House and Congress failed to reach a deal to avoid them. Those cuts will likely lead to furloughs and layoffs in coming weeks.

The impact of the tax hikes is partly being offset by higher pay: Hourly wages rose 4 cents to $23.82 last month. Wages are up 2.1 percent in the past year, which is ahead of inflation for the fourth straight month.

A big source of strength has also been home sales and residential construction: New-home sales jumped 16 percent in January to the highest level since July 2008. And builders started work on the most homes last year since 2008.

Home prices rose by the most in more than six years in the 12 months that ended in January. Higher prices tend to make homeowners feel wealthier and more likely to spend.

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Comments » 23

1Paradiselost writes:

This is a sign that the economy is moving in the right direction.

We still needs a jobs bill to rebuild the 70,000 bridges in this country. Lets not wait until someone gets killed. Those workers would be paying taxes and buying goods. In turn company's would be hiring more workers who would be paying taxes.

Time to raise the minimum wage above the poverty line. That way we could remove millions of people from welfare & food stamps. I know many of you dislike paying for housing and food for poor families.

I would like to see housing on the island jumps 20%. Nothing would make me feel better than giving my water & sewer bill to a new buyer.

1Paradiselost writes:

Klaus....

Where are all those who say they love their country? I guess all the local Right Wingers went on vacation?

If you really love your country you should be happy with this news, right? You are Americans?

Or are my past statements correct.... you love PARTY BEFORE COUNTRY!

TRADERS!

26yearsonmarco writes:

1P,

Before you, and your good buddy HERR DUMMPKOFFFFFF, get excited and start ranting over headlines, please read these facts, because headlines only, do not tell the true story:

http://www.bls.gov/news.release/empsi...

Another fact not being reported is the number of employees of large companies, including one right here on Marco Island, who are reducing full time employees to part time, or 30 hours per week, to avoid paying for Obamacare.

Additional part time employees will be needed to fill in hours, and the others will need to work two jobs to survive.

I know you two will not admit it, but this all relates to actions taken by your hero, and accounts for his falling approval rating amongst the fools who voted him in.

It’s known as a “RUDE AWAKENING”, that started when they saw the reduction in their first 2013 pay check.

1Paradiselost writes:

26..... Your watching FOX news again. Your using all their talking points...

According to my Brother who is a senior executive for the General Electric Company. Plans are to hire 25,000 more FULL TIME workers in AMERICA before the end of 2013. They have no current plans to reduce full time employers the part time, for any reason!

Try being a good AMERICAN and root for your country, Not your party! We are all in this boat together. Negative Americans like you make me sick! Why don't you move the China?

The reason pay checks went up is due to YOUR friend George Bush's unfunded WARS. Time to pay for your drunken spending binge.

The "Job Creators" were given a cut in 2003... So where are all the jobs those tax cuts were to generate? No jobs were generated so time to increase the taxes on "Job Creators", Don't you think..

Now the article how FOX news make you s-----...

Yet another study has been released that proves that watching Fox News is detrimental to your intelligence. World Public Opinion, a project managed by the Program on International Policy Attitudes at the University of Maryland, conducted a survey of American voters that shows that Fox News viewers are significantly more misinformed than consumers of news from other sources. What’s more, the study shows that greater exposure to Fox News increases misinformation.

So the more you watch, the less you know. Or to be precise, the more you think you know that is actually false. This study corroborates a previous PIPA study that focused on the Iraq war with similar results. And there was an NBC/Wall Street Journal poll that demonstrated the break with reality on the part of Fox viewers with regard to health care. The body of evidence that Fox News is nothing but a propaganda machine dedicated to lies is growing by the day.

In eight of the nine questions below, Fox News placed first in the percentage of those who were misinformed (they placed second in the question on TARP). That’s a pretty high batting average for journalistic fraud. Here is a list of what Fox News viewers believe that just ain't so:

91% believe that the stimulus legislation LOST jobs.
72% believe that the health reform law will increase the deficit.
72% believe that the economy is getting worse.
60% believe that climate change is not occurring.
49% believe that income taxes have gone up.
63% believe that the stimulus legislation did not include any tax cuts.
56% believe that Obama initiated the GM/Chrysler bailout.
38% believe that most Republicans opposed TARP.
63% believe that Obama was not born in the US (or that it is unclear)

The conclusion is inescapable. Fox News is deliberately misinforming their viewers and they are doing it for a reason. Every issue above is one in which the Republican Party had a vested interest. They benefited from the ignorance that Fox News helped to proliferate.

1Paradiselost writes:

(continued)

The results were apparent in the election last month as voters based their decisions on demonstrably false information fed to them by Fox News.

By the way, the rest of the media was not blameless. CNN and the broadcast network news operations fared only slightly better in many cases. Even MSNBC, which had the best record of accurately informing viewers, has a ways to go before they can brag about it.

The conclusions in this study need to be disseminated as broadly as possible. Fox’s competitors need to report these results and produce ad campaigns featuring them. Newspapers and magazines need to publish the study across the country. This is big news and it is critical that the nation be advised that a major news enterprise is poisoning their minds.

This is not an isolated review of Fox’s performance. It has been corroborated time and time again. The fact that Fox News is so blatantly dishonest, and the effects of that dishonesty have become ingrained in an electorate that has been purposefully deceived, needs to be made known to every American. Our democracy cannot function if voters are making choices based on lies. We have the evidence that Fox is tilting the scales and we must now make certain that they do not get away with it.

The rest of the story go to link below... Please read the comments by other reader...

http://readersupportednews.org/off-si...

26yearsonmarco writes:

1P,

Why do you always refer to Fox News as a source of the information I refer to in my blog??

In this case, the information is from the U.S. Dept. of Labor, Bureau of Labor Stats.

Is that not accurate enough for you??

As far as G.E. is concerned, this story tells all:

http://theeconomiccollapseblog.com/ar...

No_more_cyber_bullying (Inactive) writes:

1P,

Do you think that posting "half truths" makes you or Klaus intelligent or what?

How about reading an article telling the full story. http://www.huffingtonpost.com/peter-j...

1Paradiselost writes:

26...

Thanks for your response... It's your talking points that are similar to Fox News, almost word for word!

BTW... GE is a "MULTI-NATIONAL" Company. They are not taking their full time AMERICAN workers to a part time basis do to Obama care! They are hiring new employees... Again, That is a FOX news, Rush Limbaugh talking point.

Unless you think Papa John's is a relevant employer? Papa John's is a franchise business. Employers with less than 50 employees are EXEMPT from Obama care.

Next time you stop at Little Caesars on Collier Blvd...
Ask how many employees they have?

Obama Care is the "Law of the land" according to the "United States Supreme Court". What's wrong with a healthy America?

I have a problem with a box of $2.99 Band-aids in the Winn-Dixie costing $289.90 when your in the hospital? Why should my Insurance company have to pay that amount? Change is needed & change is coming thanks to the oversight Obama care will bring for all of us.

So... if it's not Fox, which main stream news do you watch? MSNBC, ABC, CBS, NBC or CNN? I make it a habit to watch FOX at least 1 hour a day to compare the same stories on the other networks.

The article I posted above is what I also found when watching Fox news. There is a reason Fox News is not considered Main stream media.

Because when it comes to politics's it's not real NEWS, or the truth!

ajm3s writes:

in response to 1Paradiselost:

26...

Thanks for your response... It's your talking points that are similar to Fox News, almost word for word!

BTW... GE is a "MULTI-NATIONAL" Company. They are not taking their full time AMERICAN workers to a part time basis do to Obama care! They are hiring new employees... Again, That is a FOX news, Rush Limbaugh talking point.

Unless you think Papa John's is a relevant employer? Papa John's is a franchise business. Employers with less than 50 employees are EXEMPT from Obama care.

Next time you stop at Little Caesars on Collier Blvd...
Ask how many employees they have?

Obama Care is the "Law of the land" according to the "United States Supreme Court". What's wrong with a healthy America?

I have a problem with a box of $2.99 Band-aids in the Winn-Dixie costing $289.90 when your in the hospital? Why should my Insurance company have to pay that amount? Change is needed & change is coming thanks to the oversight Obama care will bring for all of us.

So... if it's not Fox, which main stream news do you watch? MSNBC, ABC, CBS, NBC or CNN? I make it a habit to watch FOX at least 1 hour a day to compare the same stories on the other networks.

The article I posted above is what I also found when watching Fox news. There is a reason Fox News is not considered Main stream media.

Because when it comes to politics's it's not real NEWS, or the truth!

"I have a problem with a box of $2.99 Band-aids in the Winn-Dixie costing $289.90 when your in the hospital? Why should my Insurance company have to pay that amount? Change is needed & change is coming thanks to the oversight Obama care will bring for all of us."

So you like an open market model to purchase Band-Aids vs an insurance/government model pretending to work in an open market under regulations now about to be transferred to the Obama model, the grandest model of all....all with the goal to reduce cost.

I agree change is needed, but the change enacted is now the law of the land, so I will adjust accordingly, and await the transformation. A transformation under the direction of government bureaucrats.... sounds eerily similar to the insurance model under insurance-crats (I made up another word)..after all its still insurance just bigger.....and .......

I suspect there will be two models of health care delivery, one with healthcare as the goal the other as a tertiary consequence.

Maybe a survey can provide the answers?

I have to go, I just got a paper cut, and must find a Band Aid.

LOL

26yearsonmarco writes:

ajm3s,

Here is a "Whos Your Daddy" story NOT reported by FOX NEWS:

http://www.dailymail.co.uk/news/artic...

I can't wait to hear 1P and HERR DUMMPKOPFFFFFFF's comments.

August8 writes:

in response to GorchFock:

(This comment was removed by the site staff.)

I guess these people are reduced to writing to themselves now?
300k jobs left the work place and rate 7.7%. make sense now?
Stock Market hits all time high, Obama printing 45 $$$ billion a month, spending more than a trillion per yesr than we have, make sense now?
In the comming years you want to sell your home on Marco with 18% interests rates, make sense now?
This cat is digging us a whole that the above posters will fall right in to.

1Paradiselost writes:

26... I asked you "So... if it's not Fox, which main stream news do you watch? MSNBC, ABC, CBS, NBC or CNN?"

Now you post a link to a radical right wing British Newspaper.

Do you live here (America) or in Europe?

Who cares about Obama's half brother... he lives overseas and has nothing to do with AMERICAN politics.

Billy Carter lived in America. Nixon's brother was arrested for money laundering, but were at least Americans. However, like Obama's brother, neither had anything to do with American policy. So what's your point.

Just a question... Most of your posts are full of Right-Wing, smoke-screen politics. When pressed for facts you have none.

Creditability when making statements is important. Some young child maybe learning about the American system thru these posts. Are you too old to have an informed dialogue with? If so we understand.

Or are you taking your cues from an overseas radical government?

26yearsonmarco writes:

As I said:

I can't wait to hear 1P and HERR DUMMPKOPFFFFFFF's comments.

Their constant defensive stand for their hero is never ending.

Remember this: "You are known by the friends you keep", and family history, and influence, plays an important role in a person's future life, which is even more important when your family is Muslim.

1Paradiselost writes:

26.... You have only proven the old saying...

“Never argue with an idiot. They will only bring you down to their level and beat you with experience.”

Mark Twain

26yearsonmarco writes:

Now let's hear 1P and HERR DUMMKOPFFFFF defend their Muslim related Hero after reviewing this list:

http://www.thereligionofpeace.com/Pag...

26yearsonmarco writes:

Speaking about jobs, I doubt 1P and HERR DUMPPKOPFFFF could even get one of these:

http://www.nypost.com/p/news/local/co...

panola60 writes:

Why no mention of the 130,000 eligible workers that left the workforce in Feb, which contributed to more than 1% of the decrease. Over 2.5 million working age adults have left the workforce entirely since Obama took office so they are not even included in the unemployment rate. The real unemployment rate for December 2012 is closer to 23 percent.

The cover-ups and deception is disgusting!

1Paradiselost writes:

You have no idea what your talking about! More facts and less slog please!

Please read my post about FOX NEWS

August8 writes:

in response to panola60:

Why no mention of the 130,000 eligible workers that left the workforce in Feb, which contributed to more than 1% of the decrease. Over 2.5 million working age adults have left the workforce entirely since Obama took office so they are not even included in the unemployment rate. The real unemployment rate for December 2012 is closer to 23 percent.

The cover-ups and deception is disgusting!

You are not completely wrong, mostly correct. The actual number leaving the work place was more like 300k.

1Paradiselost writes:

"Obamacare’ enforcement measures help set $4.2 billion record in recovered fraudulent Medicare charges last year"

"The loot comes from medical providers and others nabbed in part from tougher measures by the Affordable Care Act, aka Obamacare"

We all should be happy that people are going to jail for stealing from the AMERICAN taxpayer.

Read more: http://www.nydailynews.com/life-style...

August8 writes:

in response to 1Paradiselost:

"Obamacare’ enforcement measures help set $4.2 billion record in recovered fraudulent Medicare charges last year"

"The loot comes from medical providers and others nabbed in part from tougher measures by the Affordable Care Act, aka Obamacare"

We all should be happy that people are going to jail for stealing from the AMERICAN taxpayer.

Read more: http://www.nydailynews.com/life-style...

Then what will they do with Obama??

26yearsonmarco writes:

This is a perfect example of what happens to a people who have been brainwashed and completly reliant on a government to survive:

http://www.businessweek.com/articles/...

1Paradiselost writes:

If Obama came back as Jesus Christ himself.. you people would find something wrong with him!

Your all sick and mentally ill! Your problems reach so far down, no doctor could fix you at any cost.

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