Dec new private sector jobs: 113,000. Unemployment rate 9.4% - GOP gnashing their teeth.

[JohnWxy]

... to be sure we have a long way to go to get out of this current REPUBLICAN DYSTOPIA..but given the downsizing of the initial stimulus by one third (thank you GOP) it's nice to see some beginnings of job creation, in spite of all the efforts of the Corporate Lobbyist Party (CLP)to kill any recovery before it could get started. I'm sure there is much wailing and rending of garments over at the CLP's war room.

http://news.yahoo.com/s/ap/us_economy

Private employers added a net total of 113,000 jobs last month and the government shed 10,000 jobs, the Labor Department said Friday.

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The economy has shown signs of steady improvement in recent weeks, leading many economists to expect more job creation. The Labor Department said Thursday that fewer people applied for unemployment benefits over the month than in any four-week period in more than two years. An increase in consumer spending made this past holiday season the best in four years.

There were positive signs in the December jobs report. Government revisions showed more people were hired in previous months than the government first estimated. The economy added 210,000 jobs in October, above the previous figure of 172,000. November's total was revised to 71,000, up from 39,000.

(more)

[pinqy]

1. It's not that positive.

While the Unemployment level went down 556,000, employment only went up 297,000 meaning 260,000 people dropped out of the Labor Force, putting the Labor Force participation rate at 64.3%...its lowest since 1984.

[JohnWxy]

6. be not so glum: check this from referenced article:

Hiring has picked up faster this time than after the 2001 recession. In the year and a half since this recession ended, the economy has added a total of 72,000 jobs. In the same period after the 2001 recession, the nation lost jobs — more than a million.

And job growth would be even stronger if not for the depressed housing industry and financially ailing state and local governments. Construction firms and local governments shed a total of 36,000 jobs in December.

Those two segments of the economy are "going through a long-term restructuring," said John Silvia, chief economist at Wells Fargo Securities. "That's limiting the overall job gains that you're seeing."

Julia Coronado, an economist at BNP Paribas, said the weakness in construction and state and local government is probably costing the economy 75,000 to 80,000 jobs a month. If those sectors were hiring as much this time, the economy would have added nearly 200,000 jobs last month, instead of just 103,000.

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..as I said, we still have a long way to go to get out of our current Trickle Down Prosperity this REPUBLICAN DYSTOPIA. But, given the original stimulus was down sized by one third to get a few Republican votes I'm surprised we're seeing any results at all.

[RussBLib]

2. Au contraire

The Republicans will likely claim CREDIT for the jobs being added. After all, once businesses realized that the always-wonderful Republicans were back in charge, well they just rushed out and started hiring people.

[bluerum]

3. The pukes are not in charge. They have majority in one house of congress.

[RussBLib]

4. You know that, and I know that

...but that likely won't stop the Republicans from taking credit nonetheless. It's how they roll.

[JohnWxy]

5. oh, I forgot that. And M$M will dutifully read their "copy" praising the GOP for saving the economy

....that THEY DESTROYED (oh, sorry, that's ancient history. Has nothing to do with the current situation).

[TygrBright]

7. Why, it's all because of the GOPpie takeover of the House, doncha know.... n/t