You couldn't fill up Cowboys stadium with December's new jobs figure

Silvio Canto, Jr.

Hard to put a happy face on today's jobs figure:

"The U.S. economy added only 74,000 jobs in December, well shy of estimates and dinging hopes of a widespread jobs recovery.  

The headline unemployment rate fell to 6.7% according to figures released by the U.S. Department of Labor.

Economists had predicted 196,000 new jobs last month and that the rate would remain unchanged at 7%."

Our pal, "the adult population is participating in the labor market", crashed the party again:

"Only 62.8% of the adult population is participating in the labor market -- meaning they either have a job or are looking for one. That matches the lowest level since 1978.  

In the job market's 2007 heyday, unemployment was under 5%, but in the two years that followed, the recession wiped out 8.7 million jobs. To this day, not all those jobs have returned."

By the way, Jerry Jones' beautiful stadium has a seating capacity of 80,000!   My guess is that Mr Jones would be furious if he saw 10,000 empty seats in his stadium.

Sadly, there are a lot of "empty seats" in plants and industries around the nation.

 

P. S. You can hear CANTO TALK here & follow me on Twitter @ scantojr.


Hard to put a happy face on today's jobs figure:

"The U.S. economy added only 74,000 jobs in December, well shy of estimates and dinging hopes of a widespread jobs recovery.  

The headline unemployment rate fell to 6.7% according to figures released by the U.S. Department of Labor.

Economists had predicted 196,000 new jobs last month and that the rate would remain unchanged at 7%."

Our pal, "the adult population is participating in the labor market", crashed the party again:

"Only 62.8% of the adult population is participating in the labor market -- meaning they either have a job or are looking for one. That matches the lowest level since 1978.  

In the job market's 2007 heyday, unemployment was under 5%, but in the two years that followed, the recession wiped out 8.7 million jobs. To this day, not all those jobs have returned."

By the way, Jerry Jones' beautiful stadium has a seating capacity of 80,000!   My guess is that Mr Jones would be furious if he saw 10,000 empty seats in his stadium.

Sadly, there are a lot of "empty seats" in plants and industries around the nation.

 

P. S. You can hear CANTO TALK here & follow me on Twitter @ scantojr.