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Thread: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

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    Re: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

    A strong dollar has been a drag on corporate profits, and as such will continue to be a headwind until multi-nationals can adequately hedge their foreign currency exposure. Weather was not as much of a drag as it was last year, but a minor contributor nonetheless. Weakness in energy, the star of the U.S. economy the past few years, is beginning to be felt on the aggregate. There are also supply disruptions that have worked their way into recent data.

    U.S. economic performance should maintain a less optimistic tone until the second half of 2015. By that time, both consumers and producers will be in better positions to navigate the changing environment.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

    Quote Originally Posted by DA60 View Post
    According to census.gov...between 2000 and 2010...

    yes, 35-39 and 40-44 shrank in numbers (by 11.1% and 6.9% respectively).

    But ages 45-49 and 50-54 rose significantly (13.0% and 26.8% respectively).

    http://www.census.gov/prod/cen2010/b...c2010br-03.pdf


    Additionally, despite the large rise on the numbers of aged 45-54's recently (apparently THE most important demographic for the economy)....the number of employed persons in that very age group between the end of the Great Recession (June 2009) and today has DROPPED by 926,000.

    http://www.bls.gov/news.release/arch...t_07022009.pdf Page 16

    Table A-9. Selected employment indicators


    What kind if a recovery is it when the most important economic age group is growing in number and yet has less people employed?

    Not a good one, IMO.
    Another instance of inadequate analysis. You cite population growth between 2000 and 2010, and make the comparison to employment between 2009 and 2015. This is why nobody of substance takes you seriously.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

    Quote Originally Posted by SouthernDemocrat View Post
    I am sure the weather in the east played a small role, but I think the biggest drag on last months numbers was the weakening domestic energy sector due to low oil prices. Hopefully last month was just a brief blip in the overall trend.
    Only 11,000 jobs lost in oil business. But don't worry, once those Walmart minimum wage increases kick in, the economy will be booming with more jobs.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

    Quote Originally Posted by American View Post
    Only 11,000 jobs lost in oil business. But don't worry, once those Walmart minimum wage increases kick in, the economy will be booming with more jobs.
    Its not just jobs lost, but a loss of growth and thus hiring in the oil business. Moreover you have all the dependent industries for oil industry infrastructure and so on. There is a reason why Texas was producing so many jobs when oil prices were high.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

    I have said this for years. The supposed "Texas Miracle" is only a miracle if you believe that God miraculously put all that oil underneath Texas dirt.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

    Quote Originally Posted by DA60 View Post
    Btw, although the average hourly earnings were up for the month, the numbers of hours dropped and so did the weekly earnings.

    Employment Situation Summary Table B. Establishment data, seasonally adjusted

    But that's just the Establishment Data.

    The Household survey was even uglier.

    Total Americans employed rose only 34,000.

    And the important 25-54 age range saw a LOSS of 64,000.

    In fact, every general age range - 16-19, 20-24, 25-54 and 55 and over - saw a drop in employment except that old standby...the over 55's.

    Table A-9. Selected employment indicators


    And here is a worrying stat for the future, over the last 12 months, the 20-24 age range has showed a drop of employment of 117,000 (they lost 291,000 in March).

    It is all Bush's fault......and global warming.......and racism.
    The Gruber-crat is strong in this one!

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    Re: U.S. Economy Gained 126,000 Jobs in March, an Abrupt Slowdown in Hiring

    Quote Originally Posted by SouthernDemocrat View Post
    I have said this for years. The supposed "Texas Miracle" is only a miracle if you believe that God miraculously put all that oil underneath Texas dirt.
    And youve been wrong for years.

    Texas has and has had a very diverse economy and in the last 6 years every sector of our economy has grown.

    Oil and Gas accounts for only 10 percent of my States total GDP and Companies like Toyota and Millions of ecomomic refugees from California dont pick up and move here because 10 percent of our GDP is Oil and Gas.

    They move here because Texas's Conservative approach to building economies WORKS and has always worked.

    We incentivize private investment in our State through lower taxes and less regulations and that has leads to Jobs.

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