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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

    Quote Originally Posted by Erod View Post
    162,000 jobs during a month...is not especially notable, especially since 15 million jobs were lost
    Yes, exactly:
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    Re: 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

    Quote Originally Posted by Goldenboy219 View Post
    So you forecast a negative jobs report for April? In the tune of what?
    I'm saying that in the best of circumstances, this is going to be 5-7 year recovery.

    Obama needs to get government OUT of the way. If anything we know about government, it's that it doesn't know how to turn a profit, and it doesn't know anything about efficiency.

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

    I take great joy in some of those on the right revealing themselves. "Good news? OH NO! We can't have good news with democrats in power. However can we spin this into something bad? We must have bad news so we can win more in November."
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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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
    I made the graph myself. It is historical bls data. Feel free to make your own and prove me wrong.

    U.S. Bureau of Labor Statistics
    The scale is most certainly questionable.

    If the "blip" you site is 162k+ looking to possess a slope <1/20. My question to you is, why does the downward slope (appear to be) <-5? It does not make sense mathematically.
    Last edited by Kushinator; 04-08-10 at 01:50 PM.
    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 Added 162,000 Jobs in March, Most in 3 Years

    Only a mindless idealogue would see the jobs announcment as 'good news'.

    Hey...'good news!' The federal government just added another 3.5 trillion to the federal debt this year in social spending that we dont have!

    ****ing morons.

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

    Quote Originally Posted by Redress View Post
    I take great joy in some of those on the right revealing themselves. "Good news? OH NO! We can't have good news with democrats in power. However can we spin this into something bad? We must have bad news so we can win more in November."
    Do you honestly believe I'm spinning "bad news"? Really?

    The job situation is what it is. I've posted the data. I take the position that we'll need several months of growth before we have anything truly significant and even then, we're going to have historic unemployment numbers come election time.

    That's never good news for the party in power.

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

    Quote Originally Posted by VanceMack View Post
    Ayyyyyyup. Thats pretty much my opinion too.

    The thing is...we would be about 4 years into recovery right now if they had just let it do its thing...as it is..we keep artificially staving it off as if it isnt going to happen.
    No, we would still be falling had they let it do it's thing. The damage to the housing sector was too severe. We would still be in the early stages of a depression had nothing been done. Not to say it still won't happen.

    Interest rates should have been brought up to normal levels six to eight years ago and the housing bubble and it's collapse would never have happened.
    "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

    Quote Originally Posted by VanceMack View Post
    Only a mindless idealogue would see the jobs announcment as 'good news'.

    Hey...'good news!' The federal government just added another 3.5 trillion to the federal debt this year in social spending that we dont have!

    ****ing morons.
    3.5 trillion? I did not know that. Do you have a link?
    "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

    The bottom line based on the BLS survey, Fed's minutes, CEO survey, among a growing body of data is that the labor market has stabilized and may now be moving into the early stages of a resumption of growth. Some headwinds remain, but the macroeconomic growth is underway and such growth is now sufficient to increase prospects for net job creation.

    Hence, barring new shocks, it is likely that positive job growth will likely become more persistent and more robust in coming months, though volatility will remain. Another negative month cannot be ruled out. If I had to venture a guess based on a combination of the macroeconomic situation, monetary policy outlook, and taking into consideration recent recessions, the three-month average for the next quarter (July-September) would probably amount to +170,000 to +220,000 jobs per month. Furthermore, the upside potential might be greater than the downside potential, especially if firms work more aggressively to rebuild their inventories. By then, temporary Census-related hiring won't be a factor.
    Last edited by donsutherland1; 04-12-10 at 12:52 PM. Reason: Corrected: Q3 is July-September. I accidentally used June as the starting month.

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