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Thread: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    What percentage of this is government-related jobs?

    I know many companies are getting ready for another big round of layoffs. We're doing it here, I assure you.

    The economy is crap right now, and the market spike is a bubble that will soon burst. Get your 401Ks over to money market sometime in the next 90 days.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by coffeeparty1975MA View Post
    well on that note, i'd say that it's better than a poke in the eye.
    In itself it is not encouraging, but it is a part of a trend towards recovery. The hope is that more jobs will be added each month and unemployment numbers will start trending downward. These things take time though.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by coffeeparty1975MA View Post
    well on that note, i'd say that it's better than a poke in the eye.
    But not better than a kick in the teeth and a dagger up the stem, which is what we got.

    [nomedia="http://www.youtube.com/watch?v=sstrj15XpWQ"]YouTube- Take Your Pick - Monty Python's Flying Circus[/nomedia]
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Erod View Post
    What percentage of this is government-related jobs?

    I know many companies are getting ready for another big round of layoffs. We're doing it here, I assure you.

    The economy is crap right now, and the market spike is a bubble that will soon burst. Get your 401Ks over to money market sometime in the next 90 days.
    I agree. Most added jobs were temps and government jobs. The economy is in much worse shape than they're telling us. Unemployment benefits are running out which will lead to a million more foreclosures and bankruptcies. The Commercial real estate sector is just beginning to collapse.
    Banks appear to be doing better because they don't pay anything for their money and they stuck all their toxic assets into holding companies.
    The main reason for the stock market surge was low interest rates. People can not get any return in other investments. It is due for another major adjustment downward.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Just speaking from experience, Target recently restructured. My GF was running a Starbucks there, but now she runs Starbucks and the Pizza Hut. No raise. They just eliminated the other "Lead". I wonder how much companies can continue to "trim the fat" before they just can't float anymore.


    Quote Originally Posted by USA-1 View Post
    I agree. Most added jobs were temps and government jobs. The economy is in much worse shape than they're telling us. Unemployment benefits are running out which will lead to a million more foreclosures and bankruptcies. The Commercial real estate sector is just beginning to collapse.
    Banks appear to be doing better because they don't pay anything for their money and they stuck all their toxic assets into holding companies.
    The main reason for the stock market surge was low interest rates. People can not get any return in other investments. It is due for another major adjustment downward.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by misterman View Post
    I think most jobless people want a job, which means they see this as a sign of hope.
    Unfortunately for them, hope doesn't put food on the table. Jobs do.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    New healthcare law is full of unknowns - latimes.com

    people don't tend to expand or hire when they face so many unknowns and uncertainties

    exactly how health care's new mandates play out upon individuals, upon businesses large and small, upon health providers, etc, amount right now for an awful lot of people to something like 2700 pages of ?'s

    here, the la times points up a problem you're going to be hearing an awful lot about

    it's an argument now mainstream in massachusetts

    that is, traffic in ER's, emergency rooms, expected to decrease under obamacare as folks find insurance, is instead likely to go up---because people in large numbers refuse to wait so long for appointments to see their family doctors, drive to ER instead to force the issue

    http://www.boston.com/news/health/ar...y_now_insured/

    this is what's happened in romney-land and it's one of the prime movers behind massachusetts leading the nation in costs

    this is a central weakness to obamacare---the INCREASE in ER traffic

    another is the mandate on already bankrupt states to pick up new medicaid patients---a half million in LA county, according to the times

    big picture---uncertainties in the trillions surround our entire economy under this clueless leadership

    at times like these

    worry
    Last edited by The Prof; 04-05-10 at 01:58 PM.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Taylor View Post
    Unfortunately for them, hope doesn't put food on the table. Jobs do.
    Of course. Hope is hope. Not to be oversold, or undersold either.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    With respect to the job market, which appears to have stabilized, and is possibly in the early stages of a resumption of growth, CNBC reported today:

    The Labor Department says job openings rose in several sectors of the economy in February, including retail, manufacturing, restaurants and hotels, and transportation.

    The report is consistent with other surveys showing hiring is picking up in those areas. It also echoes last week's employment report, which showed broad job gains in March.
    News Headlines

    The Bureau of Labor Statistics' report cited in the news article can be found at:

    http://www.bls.gov/news.release/pdf/jolts.pdf
    Last edited by donsutherland1; 04-06-10 at 03:21 PM.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by donsutherland1 View Post
    With respect to the job market, which appears to have stabilized, and is possibly in the early stages of a resumption of growth, CNBC reported today:



    News Headlines

    The Bureau of Labor Statistics' report cited in the news article can be found at:

    http://www.bls.gov/news.release/pdf/jolts.pdf
    Thanks for providing the source document. The cherry-pickers at the AP make it sound like things are going so great. The most important line in the article is the last one... "Total job openings declined in February, a sign that hiring remains sluggish."

    For all the gains they chose to report in the article, there are equivalent losses in other sectors they chose NOT to report (Professional and Business Services, Education and Health Services, Arts and Entertainment, Government) for a net result of .

    Or as the BLS put it... "The job openings rate was little changed over the month at 2.1 percent."

    Now's the part where everyone lambastes me for being "overly political" in bringing to light the simple facts.
    Last edited by Taylor; 04-06-10 at 03:48 PM.

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