{"id":281816,"date":"2010-02-05T08:25:00","date_gmt":"2010-02-05T13:25:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-january-jobs-report-2010-2"},"modified":"2010-02-05T08:25:00","modified_gmt":"2010-02-05T13:25:00","slug":"unemployment-9-7","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/281816","title":{"rendered":"Unemployment: 9.7%"},"content":{"rendered":"

\"pinkslip<\/em>Analysts had been looking for 10.0% unemployment, so this 9.7% number looks decent.<\/p>\n

Still, nonfarm payrolls were lower by 20,000 this month, compared to the flat number analysts had expected.<\/p>\n

However there are some measurement changes that affected the number, so that’s an issue.<\/p>\n

And the internals are ugly. Check out<\/a> how long people are staying unemployed.<\/p>\n

Overall, the takeaway is mass confusion.<\/p>\n

However, stocks are picking up a bit on the news.<\/p>\n

From the BLS<\/a>:<\/p>\n

In January, the number of unemployed persons decreased to 14.8 million,
and the unemployment rate fell by 0.3 percentage point to 9.7 percent.
(See table A-1.)<\/p>\n

In January, unemployment rates for most major worker groups–adult men
(10.0 percent), teenagers (26.4 percent), blacks (16.5 percent), and
Hispanics (12.6 percent)–showed little change. The jobless rate for adult
women fell to 7.9 percent, and the rate for whites declined to 8.7 percent.
The jobless rate for Asians was 8.4 percent, not seasonally adjusted.
(See tables A-1, A-2, and A-3.)<\/p>\n

This release includes new household survey tables with information about
employment and unemployment of veterans, persons with a disability, and the
foreign born. In January, the unemployment rate of veterans from Gulf War
era II (September 2001 to the present) was 12.6 percent, compared with 10.4
percent for nonveterans. Persons with a disability had a higher jobless rate
than persons with no disability–15.2 versus 10.4 percent. In addition, the
labor force participation rate of persons with a disability was 21.8 percent,
compared with 70.1 percent for those without a disability. The unemployment
rate for the foreign born was 11.8 percent, and the rate for the native born
was 10.3 percent. (The data in these new tables are not seasonally adjusted.)
(See tables A-5, A-6, and A-7.)<\/p>\n

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