Friday, February 4, 2011

Jobs Disappoint, But Stocks Higher

  • Change in Private Payrolls (Jan) M/M 50K vs. Exp. 145K (Prev. 113K)
  • Change in Manufacturing Payrolls (Jan) M/M 49K vs. Exp. 10K (Prev. 10K)
  • Seasonally adjusted U-6 underemployment 16.1% from 16.6% previously
  • Much more importantly, Not-seasonally adjusted U-6 surged from 16.6% to 17.3%!
  • The civilian labor force declined from 153,690 to 153,186
  • Government workers: from 20,759K to 20,740K
  • Labor force participation at 64.2%, the lowest since March March 1984
  • Part-time workers for economic reasons: 8,407
  • Part-time workers for non-economic reasons: 17,552
  • Birth/Death adjustment: -339,000