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Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

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    U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

    For the 30th straight month, the United States economy added jobs in March, albeit still at a pace too sluggish to put a big dent in the backlog of 11.7 million idle workers. The nation’s employers increased their payrolls by 88,000 last month, compared with 268,000 in February, according to a Labor Department report released Friday.


    http://www.nytimes.com/2013/04/06/business/economy/us-adds-only-88000-jobs-jobless-rate-falls-to-7-6.html?_r=0
    not terribly surprising. didn't look to be a good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."
    Last edited by Redress; 04-12-13 at 04:04 PM. Reason: Added inthread warning note to title

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    At least 80,000 is better than zero. At least, I think it is, I've never been particularly gifted at math.
    Either I'm right or you're wrong.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Helix View Post
    not terribly surprising. didn't look to be a good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."
    Yeah, maybe Obama should quit talking about guns and get back to thinking about jobs. Some economists are saying Unemployment will rise to 7.8% and others are saying it will stay the same.

    They never really agree on anything and yet counting numbers there really shouldn't be any excuses for mistakes.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    It's not all bad. There's some good news to be gleaned from the report:

    "Having such a disappointing figure in March will have a volcanic negative impact on sentiment in critical economic areas, such as housing," said Todd Schoenberger, managing partner at LandColt Capital."
    Oh, did I say good news? Whoops, my bad.


    Not to worry, I'm sure that someplace, somewhere, there's a tidbit of positive data to assure us that good times are just around the corner. They've been saying it for three years. They'll have to be right eventually, right?

    Right?

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by shlunka View Post
    At least 80,000 is better than zero. At least, I think it is, I've never been particularly gifted at math.
    i agree completely. at one point, we were shedding hundreds of thousands of jobs a month. to top it off, i was unemployed then. this beats the hell out of 2009.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    No problem! PPACA will add about 140,000 very well paying "navigator" (broker?) jobs ($40K to $100K per year?) just to help the folks figure out how to play the Obamacare exchange game - but, we are told, that they will not make PPACA "recomendations" thus need no state "licensing". How much do you want to bet that they will also be glad to assist with voter registration?

    HHS: States can license navigators | LifeHealthPro

    Feds: Brokers can be HHS exchange navigators | LifeHealthPro

    HHS proposes broker compensation rules for health insurance exchanges | Insurance & Financial Advisor I IFAwebnews.com
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    the usual bad news when it comes to jobs.

    the labor force participation rate continues to fall. down to 63.3% from 63.5% in feb.


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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Helix View Post
    i agree completely. at one point, we were shedding hundreds of thousands of jobs a month. to top it off, i was unemployed then. this beats the hell out of 2009.
    Better than the depression, too. If we're going to set the bar low, let's set it really low.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Helix View Post
    not terribly surprising. didn't look to be a good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."
    Well, the good news is that the private sector had added 95,000 jobs. And the drop in government employment comes mostly from the US Postal Service - has nothing to do with the sequester.

    The bad news is, paradoxically, that the unemployment rate is down a bit - that's because people are leaving the workforce.

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    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by ttwtt78640 View Post
    No problem! PPACA will add about 140,000 very well paying "navigator" (broker?) jobs ($40K to $100K per year?) just to help the folks figure out how to play the Obamacare exchange game - but, we are told, that they will not make PPACA "recomendations" thus need no state "licensing". How much do you want to bet that they will also be glad to assist with voter registration?

    HHS: States can license navigators | LifeHealthPro

    Feds: Brokers can be HHS exchange navigators | LifeHealthPro

    HHS proposes broker compensation rules for health insurance exchanges | Insurance & Financial Advisor I IFAwebnews.com
    Yeah, but that wont make up for the loss of medical people in R&D and other areas of the profession. Also More doctors will be closing up shop. Especially with the pharmacies giving out shots and vaccinations. 20 bucks in an and out.

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