BY JIM FLINK

ANCHOR LAUREN GORES


The December jobs data is starting to trickle in, and the news continues to show slow and steady progress.  215,0000 jobs added in December -- beating expectations.
Moody’s analyst Mark Zandi telling Bloomberg...

“The job market held firm in December despite the intensifying fiscal cliff negotiations in Washington … Businesses even became somewhat more aggressive in their hiring at year end.”

So where’s the boost coming from?  CNBC’s Jim Cramer says -- traditional sectors like housing and automotive manufacturing.  And then, there’s rebuilding from Sandy, which Cramer says will give another boost.  Safe to say, he’s optimistic.

“There’s going to be a substantial rebuild, Hurricane Andrew provided a tremendous boost to the GDP...”
“When you have housing going well and you have autos going well and a potential rebuild...”
“The Dow is only up 7% … I think there’s a lot of opportunity...”


For some year-to-year perspective, the labor department notes....

"The total number of people claiming benefits in all programs for the week ending December 15 was 5.4 million. In the comparable week in 2011, that number was 7.2 million."

And NBC’s Maddow Blog shows this jobless claims chart dating back five years.
Fewer and fewer people are taking unemployment since the stimulus package of 2009.

“... when jobless claims fall below the 400,000 threshold, it's considered evidence of an improving jobs landscape, and when the number drops below 370,000, it suggests jobs are being created rather quickly. ”

But NBC notes, that’s only happened five of the last 10 weeks.
And Fox Business points out, jobless claims still ticked up month-to-month, suggesting persistent problems.

“The number of continuing claims, which had trended down during most of last year, likely would have fallen off more steeply had Congress not authorized an extension to long-term unemployment benefits this week. [Without it] … more than 2 million people would have been at risk to lose their benefits.”

Fox Business notes, the number of workers seeking unemployment benefits works out to roughly 2.5% of those paying into the system, unchanged from the week before.  So, the larger takeaway?
Bloomberg says -- guarded optimism, with a caveat.

“Overall, when you talk with economists about the job market in 2013, they say the outlook is looking up, as long as uncertainty in Washington doesn’t cut in...”

The larger government jobless report -- comes out Friday.

 

Mixed Bag in Private Jobs Data, But Optimism Emerges

by Jim Flink
0
Transcript
Jan 3, 2013

Mixed Bag in Private Jobs Data, But Optimism Emerges

BY JIM FLINK

ANCHOR LAUREN GORES


The December jobs data is starting to trickle in, and the news continues to show slow and steady progress.  215,0000 jobs added in December -- beating expectations.
Moody’s analyst Mark Zandi telling Bloomberg...

“The job market held firm in December despite the intensifying fiscal cliff negotiations in Washington … Businesses even became somewhat more aggressive in their hiring at year end.”

So where’s the boost coming from?  CNBC’s Jim Cramer says -- traditional sectors like housing and automotive manufacturing.  And then, there’s rebuilding from Sandy, which Cramer says will give another boost.  Safe to say, he’s optimistic.

“There’s going to be a substantial rebuild, Hurricane Andrew provided a tremendous boost to the GDP...”
“When you have housing going well and you have autos going well and a potential rebuild...”
“The Dow is only up 7% … I think there’s a lot of opportunity...”


For some year-to-year perspective, the labor department notes....

"The total number of people claiming benefits in all programs for the week ending December 15 was 5.4 million. In the comparable week in 2011, that number was 7.2 million."

And NBC’s Maddow Blog shows this jobless claims chart dating back five years.
Fewer and fewer people are taking unemployment since the stimulus package of 2009.

“... when jobless claims fall below the 400,000 threshold, it's considered evidence of an improving jobs landscape, and when the number drops below 370,000, it suggests jobs are being created rather quickly. ”

But NBC notes, that’s only happened five of the last 10 weeks.
And Fox Business points out, jobless claims still ticked up month-to-month, suggesting persistent problems.

“The number of continuing claims, which had trended down during most of last year, likely would have fallen off more steeply had Congress not authorized an extension to long-term unemployment benefits this week. [Without it] … more than 2 million people would have been at risk to lose their benefits.”

Fox Business notes, the number of workers seeking unemployment benefits works out to roughly 2.5% of those paying into the system, unchanged from the week before.  So, the larger takeaway?
Bloomberg says -- guarded optimism, with a caveat.

“Overall, when you talk with economists about the job market in 2013, they say the outlook is looking up, as long as uncertainty in Washington doesn’t cut in...”

The larger government jobless report -- comes out Friday.

 

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