Friday, January 10, 2014

Unemployment down to 6.7% in December.

It was the holidays. They fell in the middle of the week for two weeks running. It had an impact on job creation.

...Job creation stumbled in December, (click here) with the U.S. economy adding just 74,000 positions even as the Federal Reserve voted to take the first steps in eliminating its stimulus program.

The unemployment rate dropped to 6.7 percent, below economists' estimates and due primarily to continued shrinkage in the labor force.... 

Just at the time when Housing was having a stabilized rate, the weather caused a slow down in construction. 

..."I describe this as a weather-related clunker," said John Canally, investment strategist and economist at LPL Financial. He pointed to a 16,000 drop on construction jobs, which are mostly outdoors, versus a drop of 1,000 in transportation and warehousing.... 

It is only fair to say, the unemployment rate is a reflection of those falling out of the job market due to the lack of unemployment funding. So, that is how Republicans provide rhetoric to their elections. They improved the unemployment rate by eliminating those that receive it.

Then there is this:
ADP derives their figures from actual payrolls.
ADP National Employment Rate in December 2013 (click here)

Sincerely Small Businesses of 1-19 persons are leading the jobs market in growth.

Americans are getting this done. They are reclaiming their economy. That is incredible. They also took less of a hit in 2008. Damn, it works. Small businesses are far more sustaining in the American economy than any other organized employment force.

The only other employment sector that has returned to pre-crash employment numbers are with 1,000 + employees and that was only recently. That level of employment looks as though it might have a significant trajectory in 2014.

Right behind those figures is the employer of 20-49 employees. They were more effected by the crash, but, recovered faster and rival the recovery of the 1000 + employers.

The 50-499 employees and 500-999 are still struggling. The US Labor Department might want to focus on their recovery and why they are still floundering a bit.

Congratulations, America, you are getting done. Local Economies, you got love 'em.