US job picture mixed

Published: 1 Feb 2013 at 20.47
Online news: News

Job growth in the United States in January was short of expectations and the unemployment rate ticked up to 7.9% from 7.8%, according to figures released on Friday.

However, the Labor Department put an upbeat spin on its latest report, saying it was clear that hiring was continuing at a decent pace even though economic growth remained weak.

The department said payrolls rose by 157,000 in January compared with revised totals of 196,000 in December and 247,000 in November.

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onlyasking
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Discussion 4 : 02 Feb 2013 at 09.144
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Economic growth can be infinite but if you base it on consumer spending thats financed by debt it is finite.
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spiceman
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Discussion 3 : 02 Feb 2013 at 05.183
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Khun Sanam-bin #1, you are kidding me, right? I say never ending growth is not the central myth of the modern era, because it is who we, human beings, are, you know, innovative and industrious. How do you like your smartphone, laptop computer, air travel, latest medicine, medical treatment, and etc? Economic growth is simply the result of our never ending pursuit for better quality of life, within any given technological and resource limitations. If you think Greece and Spain are the future, we are doomed as a civilization. Greece and Spain are being kept afloat, at the moment, by the super-productive Germans, but for how long?
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Bangon
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Discussion 2 : 01 Feb 2013 at 23.392
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It has become sooo important to show up with 'low' unemployment rates in our virtual (fake) world that each and every country I know (quite a few) has a system of its own to 'compress' the percentage of jobless people, the US of A being one of the most 'creative'... 'White lies' everywhere about unemployment, not only in Thailand this time. Maybe Spain and Greece's situation is so frightening because they publish figures which are too close to the reality?
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sanam-bin
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Discussion 1 : 01 Feb 2013 at 22.541
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Never ending growth is the central myth of the modern era. But it is a delusion. Nothing can grow forever in a finite world with finite land, water and resources. The era of growth will end. Greece and Spain are the future.
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US job picture mixed | Bangkok Post: business