Jobless Rate 6.6%, but That Fails to Impress
Just 113K new jobs created
By Evann Gastaldo, Newser Staff
Posted Feb 7, 2014 7:52 AM CST
In this Thursday, April 11, 2013 photo, people wait in line before the Dr. King Career Fair at the Empire State Plaza Convention Center in Albany, NY.   (AP Photo/Mike Groll)

(Newser) Another disappointing jobs report: Just 113,000 jobs were created in January; economists had expected 189,000, and the average monthly gain in 2013 was 194,000. The unemployment rate did tick down to 6.6% from 6.7%, as had been expected; that's a 5-year low, the AP reports. And since labor force participation saw a slight increase, that means the drop in unemployment was not due to people who stopped looking for work, the Wall Street Journal reports.

Even so, the Journal columnists are unimpressed: Michael J. Casey's take is, "Ouch!" However, he points out that "we do need to get beyond this gloomy winter to see how much weather is messing with the numbers." The AP's take: "Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the US economy might be slowing after a strong finish last year." Meanwhile, December's already-weak report was revised upward by just 1,000 additional jobs, meaning 75,000 were created that month. But the November report was revised upward by 33,000 jobs, to a total of 274,000.

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Showing 3 of 254 comments
shjacks55
Feb 10, 2014 3:40 AM CST
@genso So why do you think that just because the price of oil per barrel goes down that the consumer should share in that price break. This isn't a socialist country, y'know. You're thinking about yourself and not how poor BP feels.
shjacks55
Feb 10, 2014 3:38 AM CST
Unfortunately the Republican idiots can see nothing but "Obamacare". I do jobs up and down I-5 and the number of small businesses going out of business seams to continue since 2002. I just did a job at a Kmart (next to a military base) that is closing basically due to the sequester. Only ones in the money are banks, and they got a helluva bailout didn't they? Even Walmart is laying off 2300 from Sam's Club. Do the jobs created numbers consider the jobs lost per month? How about those taking early Social Security?
genso
Feb 9, 2014 4:53 PM CST
Isn't it sad that our nation's politicians can find time for their vacations and such and don't want to touch the issue of GAS PRICES? What our elected leaders don't speak about is how the fuel costs effect us average folks. The extra money we are forced to give to the oil companies is money we could be putting into the economy by spending it on other things we need and want. Better food and clothes. Maybe eating out more often. Even the price of a new car or truck monthly payment. These and many other needs would provide the jobs that everyone knows Americans badly need. Immigration, on the other hand, will only add to the problems. We are being pushed out of our way of life and will be suffering more unemployment among legal citizens as our jobs are taken by them. Just look at what our unemployment rate would be if no illegals were in our work force.