Obama Whiffs Again: Just 36,000 New Jobs Created In January

02-04-2011 • BusinessInsider.com/

Just 36K new jobs were created. That's well below expectations. The private sector only added 50K. BUT! The employment rate fell to 9.0% which is remarkable. That compares to 9.4%. Markets are still higher after the news. The market isn't buying the news. There were some revisions two the last couple months that were positive: The change in total nonfarm payroll employment for November was revised from +71,000 to +93,000, and the change for December was revised from +103,000 to +121,000. Monthly revisions result from additional sample reports and the monthly recalculation of seasonal factors. The annual benchmark process also contributed to these revisions. The full report is here. Background: No need for a grand exposition. Analysts are looking for around 146K, and a bit les than that on the private sector number.