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The U.S. economy added only 103,000 jobs in December; economists had expected 175,000. The unemployment rate declined to 9.4% from 9.8% in November, but that was a result of fewer people in the workforce. Many have stopped looking for jobs. Over the past three months, the economy has added an average of 128,000 jobs. That is barely enough to keep up with population growth -- high school and college grads and immigrants entering the labor force. One possibly positive sign is that the birth/death adjustment model, a purely computerized estimate of jobs added or subtracted by hiring by supposedly new businesses, went down 357,000. That suggests the actual employment gain could have been even higher than reported. Usually, this model reports a significant gain, raising some eyebrows.

Generally, the December report suggests the economy is not recovering anywhere near as rapidly as some expect. Early in the day (Jan. 7), stocks are down very slightly. However, stocks have been rising of late on bad news, on expectation of more liquidity flowing from the Federal Reserve and federal pump-priming programs. For the market, bad news can be good news.

Comments
21

Funny thing about statistics...they are usually very biased, slanted or give a poor representation of the real world and most people's situations ;-(

I took a few statistics classes in college and they taught me some interesting things...

Statistics LIE

People LIE about statistics

so who's to know who's right...and no one may be attempting to slant the statistics.....we just naturally gravitate toward our own personal biases

look for what works to support our individual arguments

the pupster works hard to make himself aware of material that may be slightly out of his range of expertise..but i laud him for that and his honesty to admit it


Crystalcove's numbers are correct -- assuming that the government's are correct. Best, Don Bauder


here we go trusting the government again...yikes!!!

Jan. 8, 2011

The statistics themselves don't necessarily lie. It's those who twist the statistics for their own dubious purposes that do the lying. Best, Don Bauder

Jan. 8, 2011

BTB Pupster and CC....as Prissy was wont to say in "Gone With The Wind"

Lawzy, I don't know nothin' 'bout birthin' statistics" myself ;-D

so i'm stayin' out of this fracas

Jan. 8, 2011

Darn it. Believe it or not, I never saw Gone with the Wind. I may be one of a kind. Best, Don Bauder

Jan. 8, 2011

Gone with the Wind is the #1 Movie of all time-if you have not seen it you are missing out on a great film.

David O Selznick was a nut with his micro managing, but lucked out with that pic- too bad he sold his rights to it for $200K before it turned into such a hit.....

Jan. 8, 2011

I never saw the movie but for some reason I know that the last line, uttered by Clark Gable, was something like, "Frankly, my dear, I don't give a damn." Best, Don Bauder

Jan. 8, 2011

i respect the divergent opinions and expertise of all u's peeps who comment in Don's blogs...and consider his blogs and commentors a high water mark of congruency here on the READER

OK...where's my money u's guys....hahahahahahaha

u should see GWTW Don...it's good for a film made in '39...and that Technicolor will burn ur eyes out ;-D

Jan. 8, 2011

I only see a couple of movies a year. But we have a DVD of Lawrence of Arabia that we watch. Magnificent film. I have loved some comedies like Airplane, Best in Show, and Waiting for Guffman. Best, Don Bauder

Jan. 8, 2011

and Pooh...ur DEFINITELY one of a kind ;-D

Jan. 8, 2011

My wife has put up with me for almost 50 years, so I must have some desirable qualities. She never has told me what they are, though. Best, Don Bauder

Jan. 8, 2011

One more comedy I loved: Borat. Best, Don Bauder

Jan. 8, 2011

My wife has put up with me for almost 50 years, so I must have some desirable qualities. She never has told me what they are, though. Best, Don Bauder


my hubby has put up with me for nearly 30 years and he says it's my yoga flexibility quotient...wait a minute...er..um..can i say that...hahahahaha...;-D

nah i'm kiddin'....it's love..........

i'm a pure romantic so Lawrence is a hit with me 2

and Best in Show....as a dog breeder for nearly 15 years i LOVED that crazy a$$ed film...hahahahaha

Jan. 10, 2011

We had five dogs as we were raising our children and as many as six cats at one time. Going to a dog show is a hoot. You go to watch the people, not the dogs. There is a famous story about a newspaper photographer sent to cover a dog show. He came back with only pictures of the people -- none of dogs. Some of those pictures were libelous. I understand cat fanciers are crazier than dog lovers, but I have never been to a cat show. Best, Don Bauder

Jan. 10, 2011

50 years and 30 years of marriage-that is very impressive.

Myself, I am good for about 6 months. Yes, I know, that is sad. What can I say :)

Jan. 11, 2011

One reason may be that you keep getting involved with JW's sisters. Best, Don Bauder

Jan. 11, 2011

speaking of statistics...my White Poms and Parti Colors should have had statistically speaking no chance of ever becoming champions in an Orange Pomeranian world...but 5 of them did ;-D

yippee!!!

Jan. 10, 2011

I thought all Poms were white. Never heard of Orange Poms. That's how ignorant I am. Best, Don Bauder

Jan. 10, 2011

I thought all Poms were white. Never heard of Orange Poms. That's how ignorant I am. Best, Don Bauder


oh Don....i couldn't love u more if u were intelligent ;-D

Jan. 11, 2011

It's too late for me to become intelligent. Best, Don Bauder

Jan. 11, 2011

50 years and 30 years of marriage-that is very impressive.

Myself, I am good for about 6 months. Yes, I know, that is sad. What can I say :)


u need a dawglovin' woman puppy...then u'll do fine homey!!!

Jan. 11, 2011

A dog loving woman is faithful as a bird dog, I take it. Best, Don Bauder

Jan. 11, 2011

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