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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 USA-1 View Post
    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.
    No? Assuming its not going to happen? Of course it is. It HAS to. The market HAS to collapse. Housing costs HAVE to come down to more reasonable and affordable realms and yes, homeowners are going to take a beating...for a while...on their property values. Regardless...it has little to do with interest rates. Once houses are affordable again people will begin buying again. New homes will be able to be built. The market will be reinvigorated. HAS to happen.

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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
    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.
    Where do you get 1/20? The difference in slope is more like ~5 or 6 vs ~-20.

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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
    What data exactly is it though? What years/months, and what is the vertical scale?

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

    Quote Originally Posted by USA-1 View Post
    3.5 trillion? I did not know that. Do you have a link?
    Im sure your google works as well as mine...We are deficit spending to the tune of 1.5 trillion...added to actual budget amounts. We are 13.5 trillion in debt and congress just raised the debt ceiling to allow for 15 trillion...gee...wonder why...

    "Spending surged due to tax credits to individuals and businesses, part of a three-year budget stimulus plan launched in February 2009.

    White House has warned the deficit for 2009-2010 to reach $1.555 trillion because of government spending to stimulate economic recovery."

    "The new requirement comes with lots of exemptions, however, and it's telling that it's part of legislation to increase the nation's debt limit by $1.9 trillion, an adjustment that's necessary because budget deficits are expected to reach $1.56 trillion this fiscal year and $1.27 trillion next year.

    The government will be able to borrow as much as $14.3 trillion, enough to pay its bills at least through this year. Without the new limit, that authority probably would have been exhausted later this month."


    And dont think this is an anti democrat or anti-Obama statement. BOTH parties put us in that hole. And WE (anyone that has a JOB) are going to pay for it.

    And thats what you call a BAD thing...

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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
    What data exactly is it though? What years/months, and what is the vertical scale?
    Nov-07 to the latest jobs report (+162k). As I've already stated, data are jobs (from BLS). I believe gridlines indicate 1 million jobs.
    Last edited by Taylor; 04-08-10 at 02:25 PM.

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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
    Im sure your google works as well as mine...We are deficit spending to the tune of 1.5 trillion...added to actual budget amounts.
    Um, what?

    You have to add revenue as well as spending to get a total deficit.

    We are 13.5 trillion in debt and congress just raised the debt ceiling to allow for 15 trillion...gee...wonder why...
    Assuming that's correct, that is an additional...1.5 trillion. Not 3.5.

    "Spending surged due to tax credits to individuals and businesses, part of a three-year budget stimulus plan launched in February 2009.

    White House has warned the deficit for 2009-2010 to reach $1.555 trillion because of government spending to stimulate economic recovery."
    Yes - 1.5 trillion. Which is not 3.5 trillion.

    "The new requirement comes with lots of exemptions, however, and it's telling that it's part of legislation to increase the nation's debt limit by $1.9 trillion, an adjustment that's necessary because budget deficits are expected to reach $1.56 trillion this fiscal year and $1.27 trillion next year.

    The government will be able to borrow as much as $14.3 trillion, enough to pay its bills at least through this year. Without the new limit, that authority probably would have been exhausted later this month."

    Okay, so they are expected to reach 1.56 trillion. Not 3.5 trillion. And then 1.27 trillion NEXT YEAR. Also not 3.5 trillion.

    And thats what you call a BAD thing...
    Wildly overstating your case is also a bad thing.

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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
    Nov-07 to the latest jobs report (+162k). As I've already stated, data are jobs (from BLS). I believe gridlines indicate 1 million jobs.
    So months?

    The scale is 1 million jobs - is this 1 million added or subtracted from the previous month, or total jobs?

    Does the scale start at zero, or above it?

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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
    Im sure your google works as well as mine...We are deficit spending to the tune of 1.5 trillion...added to actual budget amounts. We are 13.5 trillion in debt and congress just raised the debt ceiling to allow for 15 trillion...gee...wonder why...

    "Spending surged due to tax credits to individuals and businesses, part of a three-year budget stimulus plan launched in February 2009.

    White House has warned the deficit for 2009-2010 to reach $1.555 trillion because of government spending to stimulate economic recovery."

    "The new requirement comes with lots of exemptions, however, and it's telling that it's part of legislation to increase the nation's debt limit by $1.9 trillion, an adjustment that's necessary because budget deficits are expected to reach $1.56 trillion this fiscal year and $1.27 trillion next year.

    The government will be able to borrow as much as $14.3 trillion, enough to pay its bills at least through this year. Without the new limit, that authority probably would have been exhausted later this month."


    And dont think this is an anti democrat or anti-Obama statement. BOTH parties put us in that hole. And WE (anyone that has a JOB) are going to pay for it.

    And thats what you call a BAD thing...
    Obamas budget is 10% more than Bush's. Could the lack of revenue caused by Bush's recession have created that deficit? Or was it Obamas tax cuts and credits that did it?
    Were you equally outraged that Bush doubled the debt during his reign?
    "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

    many of our biggest states are bankrupt, don't forget that

    interest on the federal debt alone is soon to reach a tril

    housing foreclosures are expected to increase by SIXTY PERCENT this year

    it's costing megacorps an extra bil just to stay in business, not a single new hire

    foreign holders are dumping us debt at record levels

    unemployment app's for the week just increased by 4.5%

    uncertainties, insecurities and doubts surround our new health care reality, our future energy policy...

    and entrails reading economists sing of blue skies a-coming---LOL!

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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
    So months?
    Yes, BLS reports monthly. We just received the March jobs report.

    Quote Originally Posted by misterman View Post
    The scale is 1 million jobs - is this 1 million added or subtracted from the previous month, or total jobs?

    Does the scale start at zero, or above it?
    Does the scale start at zero? LOL I certainly hope not - we'd be in huge trouble if there were only a million jobs out there.

    To answer the other question it can be either/or, the graph would look exactly the same.

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