And now for the real numbers (i.e. not seasonally adjusted):
Household Data:
jobs -737k but up 2.35M Y-Y (yes there is a jobs recovery)
labor force only grew by
Government employment down 133k (good), about 107k Y-Y
Big drop in full-time employment, increase in part-time (thats not good)
U3 up to 8.8% from 8.3%
U6 up to 16.2% from 15.2% (both not good but thats somewhat normal in January)
Establishment data:
2.689M jobs lost since December (wow thats a large number)
up 1.964M over last year, so there has been significant jobs growth Y-Y
478k lost in government, mostly at state and local level
earnings up 4 cents work week flat (a net positive)
Household Data:
jobs -737k but up 2.35M Y-Y (yes there is a jobs recovery)
labor force only grew by
Government employment down 133k (good), about 107k Y-Y
Big drop in full-time employment, increase in part-time (thats not good)
U3 up to 8.8% from 8.3%
U6 up to 16.2% from 15.2% (both not good but thats somewhat normal in January)
Establishment data:
2.689M jobs lost since December (wow thats a large number)
up 1.964M over last year, so there has been significant jobs growth Y-Y
478k lost in government, mostly at state and local level
earnings up 4 cents work week flat (a net positive)
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