U.S. Unemployment Ticks Up To 7.9 Percent, White House Blames Congress
The unemployment rate rose to 7.9 percent from 7.8 percent in December, the U.S. Bureau of Labor Statistics reported today.
January nonfarm payrolls came in at approximately 157,000, missing expectations of a print of 165,000, pushing unemployment to 7.9 percent.
“In January, the number of long-term unemployed (those jobless for 27 weeks or more) was about unchanged at 4.7 million and accounted for 38.1 percent of the unemployed,” the report reads.
“The number of persons employed part time for economic reasons, at 8.0 million, changed little in January. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job,” the report adds.
Here’s unemployment broken up by group:
- Men: 7.3 percent
- Adult women: 7.3 percent
- Teenagers: 23.4 percent
- Whites: 7.0 percent
- Blacks: 13.8 percent
- Hispanics: 9.7 percent
- Asians: 6.5 percent (not seasonally adjusted)
Oddly enough, U.S. stocks rose after the report was released:

“The seasonal adjustment for January was in line with expectations, or 2.120 million, as the actual decline in jobs December to January was a whopping 2.84 million,” Zero Hedge notes. “The NSA Birth/Death adjustment subtracted some 314K jobs in January.”
The labor force participation rate stay at about the same:
For its part, the White House blames Congress.
“Today’s report is a reminder of the importance of the need for Congress to act to avoid self-inflicted wounds to the economy,” Alan B. Krueger, Chairman of the Council of Economic Advisers, said in a statement
“The Administration continues to urge Congress to move toward a sustainable Federal budget in a responsible way that balances revenue and spending, and replaces the sequester, while making critical investments in the economy that promote growth and job creation and protect our most vulnerable citizens,” the statement adds.
And, of course, as always, the White House cautions that we shouldn’t read too much into the report.
“[M]onthly employment and unemployment figures can be volatile, and payroll employment estimates can be subject to substantial revision,” Krueger writes.
“Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available,” he adds.
Final Thought: Hey, at least the economy added 157,000 jobs in January. Who needs a jobs council anyway?
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Featured image courtesy Getty Images
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Comments (46)
TeslanEdison
Posted on February 1, 2013 at 2:23pmObama has spent too much time offending the constitution to actually use executive orders to help get the country back on track. Instead he’s playing with freedoms and liberties to which he has no right. Kick the stupid healthcare thing down the pipe till 2020, or repeal it, America can’t afford the taxes right now, and get rid of Nafta, Cafta , and free trade for China, after that put some money out to American’s who want to put factories back in the US and produce goods here because the price will make local competitive again.. equating to jobs. The other option is to send every non working American to school for computer programming and give them jobs telecommuting in every sector globally through highering incentives. If America is going to be the intellectual property producers then you better train the Adults not just the whiny entitlement babies.
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high school drop out
Posted on February 1, 2013 at 2:01pm60% approval? Where are they finding these people to poll…under a rock?..Actually, if true,it would explain alot……hehe..All kidding aside, Its the misinfomation coming from the media that results in approval ratings like the one I heard last night…Just look how soft they are being with the new unemploynent #s! If it were a G.O.P. admin. they would be screaming their empty heads off!.. My point being, Its the lame stream media that is the true enemy ….Obama might make the “snake oil” But its the M.S.M that sells it…and we all lose!
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Thundergod
Posted on February 1, 2013 at 12:08pmIt would be nice to have people in the WH that see data like this and jump into action to see it fixed instead of pointing fingers at someone to score political points and feed the trolls at MSNBC so they have more dung to fling at the other side.
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MiCurmudgeon
Posted on February 1, 2013 at 11:59amPresident Oblamer strikes again.
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