Page 24 of 45 FirstFirst ... 14222324252634 ... LastLast
Results 231 to 240 of 446

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

  1. #231
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

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

    From Message #220 in this thread, I noted:

    ...the IMF's forthcoming World Economic Outlook (to be released April 21) will add to the growing number of public and private reports showing a U.S. recovery. Furthermore, it could project 2010 real GDP growth of +2.5% to +3.0% for the U.S., with perhaps ~2.5% +/- 0.25% growth for 2011 (under the assumption that fiscal stimulus would be winding down, interest rates would remain low, and the financial system would continue its slow recovery).

    While one is waiting for the IMF's projection, and I continue to like the idea of +2.5% to +3.0% real GDP growth this year, the AP's survey of economists revealed that the mean expected real GDP growth among its respondents was 3.1% for 2010. That's a little rosier than my own thinking. Nonetheless, it's the latest suggestion that the economy is on a moderate growth path.

    The National Bureau of Economic Research (NBER) is waiting for technical reasons before declaring an official end to the recession. NBER did note the recent economic improvement. NBER explained:

    Although most indicators have turned up, the committee decided that the determination of the trough date on the basis of current data would be premature. Many indicators are quite preliminary at this time and will be revised in coming months. The committee acts only on the basis of actual indicators and does not rely on forecasts in making its determination of the dates of peaks and troughs in economic activity.

  2. #232
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    FOXNews.com - Fox News Poll: 53% Disapprove of Obama?s Handling of the Economy

    as of april 9, EIGHTY SIX PERCENT of americans say that the EMPLOYMENT situation has reached a CRISIS level

    EIGHTY TWO % feel the current DEFICIT should be categorized as a CRISIS

    and the GENERAL ECONOMIC OUTLOOK, according to EIGHTY ONE % of americans, has reached CRITICAL status, as well

    that's an awful lot of americans who don't share the eggheads' optimism

    consumer confidence is near an ALL TIME LOW for real reasons

  3. #233
    Guru
    USA_1's Avatar
    Join Date
    Dec 2009
    Location
    BANNED
    Last Seen
    04-16-11 @ 02:45 PM
    Gender
    Lean
    Independent
    Posts
    3,142

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

    Quote Originally Posted by The Prof View Post
    FOXNews.com - Fox News Poll: 53% Disapprove of Obama?s Handling of the Economy

    as of april 9, EIGHTY SIX PERCENT of americans say that the EMPLOYMENT situation has reached a CRISIS level

    EIGHTY TWO % feel the current DEFICIT should be categorized as a CRISIS

    and the GENERAL ECONOMIC OUTLOOK, according to EIGHTY ONE % of americans, has reached CRITICAL status, as well

    that's an awful lot of americans who don't share the eggheads' optimism

    consumer confidence is near an ALL TIME LOW for real reasons
    You are right. Obama should just come out and tell us the truth. That he can not possible fix the mess Bush left him and he will leave it to the next president. He should lock himself in the Whitehouse and wait for Palin to relieve him.
    "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

  4. #234
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

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

    Quote Originally Posted by The Prof View Post
    FOXNews.com - Fox News Poll: 53% Disapprove of Obama?s Handling of the Economy

    as of april 9, EIGHTY SIX PERCENT of americans say that the EMPLOYMENT situation has reached a CRISIS level

    EIGHTY TWO % feel the current DEFICIT should be categorized as a CRISIS

    and the GENERAL ECONOMIC OUTLOOK, according to EIGHTY ONE % of americans, has reached CRITICAL status, as well

    that's an awful lot of americans who don't share the eggheads' optimism

    consumer confidence is near an ALL TIME LOW for real reasons
    Acknowledging the onset of moderate growth should not be confused as indicating that one is arguing that there is robust growth. Suggesting that the economy is likely to grow at a moderate clip for 2010 is not unrealistic optimism. Of course, in around 8 months we'll know what happened.

    The fiscal challenges facing the nation are a grave issue. IMO, a credible fiscal consolidation strategy aimed at addressing the nation's fiscal challenges should be developed, the sooner the better. As noted previously, I believe discretionary spending reductions, mandatory spending reform, and modest tax hikes should be part of such a strategy. There should not be any "sacred cows" so to speak. Among other things, raising the retirement age and then pegging it to life expectancies should be adopted immediately, as such a move has little impact on aggregate demand, but could produce significant long-run savings (present value). Serious health care reform that addresses the excessive cost growth problem needs to be pursued if Medicare and Medicaid are to become sustainable and employer-centered private coverage is to remain viable without undermining the nation's competitive advantages.

    Once the economy is on a sustained growth path--possibly beginning in 2011--the fiscal consolidation strategy should start to be implemented. The longer policy makers wait to do so, the more difficult the challenges and transition will be.

  5. #235
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    your opinions about where we are or where we should go next are no more interesting (to me) than anyone else's

    EIGHTY SIX PERCENT of americans describe this economy as a CRISIS

    talk to THEM

  6. #236
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

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

    Quote Originally Posted by The Prof View Post
    your opinions about where we are or where we should go next are no more interesting (to me) than anyone else's

    EIGHTY SIX PERCENT of americans describe this economy as a CRISIS

    talk to THEM
    My opinion as to where things are heading is opinion, even as it is based on data/historical experience. Time will tell about whether my idea of moderate growth (economy and jobs) turns out to be more accurate than the idea of "no growth" for the timelines specified in this thread.

    Personally, I hope that 2010 economic and job growth proves stronger than what I expect. I could care less whether more robust growth has a political impact and I suspect that dimension is influencing some efforts to talk down the emergent cyclical rebound. IMO, stronger growth's positive societal benefit is far more important than whether such growth has an impact on the 2010 and, even more, 2012 elections.

    Having said that, what most definitely is not opinion are the actual economic statistics once they are finalized. Real GDP growth can be found on the Bureau of Economic Analysis' website. Monthly changes in total non-farm payrolls can be found in the Bureau of Labor Statistics' Employment Situation Report.

    That a poll suggests that 86% of Americans described the economy as a "crisis" is a matter of how Americans felt about the present state of affairs when they were surveyed. Even as I agree with those sentiments given the nation's high unemployment rate, those sentiments have no bearing whatsoever on the issue of whether there is or is not economic growth. GDP data shows that there has been growth in the two most recent quarters. During that time, real GDP has expanded 1.9%.
    Last edited by donsutherland1; 04-12-10 at 04:07 PM.

  7. #237
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    Quote Originally Posted by donsutherland1 View Post
    My opinion as to where things are heading is opinion, even as it is based on data/historical experience. Time will tell about whether my idea of moderate growth (economy and jobs) turns out to be more accurate than the idea of "no growth" for the timelines specified in this thread.
    you talk yet say nothing

    Personally, I hope that 2010 economic and job growth proves stronger than what I expect.
    fascinating, revealing, NOT a waste of anyone's time

    I could care less whether more robust growth has a political impact and I suspect that dimension is influencing some efforts to talk down the emergent cyclical rebound.
    at&t out a billion is not talking down

    86% in crisis is not talking down

    interest on the debt to approach a tril in just over 5 years is not talking down

    the dangerously upside down status of our biggest and most expensive states is not talking down

    the uncertainties surrounding health care, cap and trade, reg reform, is not talking down

    half of those hamped already re-defaulting---not talk

    gas prices, initial jobless claims, foreigners dumping our debt---not talk

    4.5 million foreclosures coming in the immediate future is not talking down

    no, not talking down, just talking

    ie, LINKS

    IMO, stronger growth's positive societal benefit is far more important than whether such growth has an impact on the 2010 and, even more, 2012 elections.
    fascinating, do tell more

    what's your favorite color?

    Having said that, what most definitely is not opinion are the actual economic statistics once they are finalized. Real GDP growth can be found on the Bureau of Economic Analysis' website. Monthly changes in total non-farm payrolls can be found in the Bureau of Labor Statistics' Employment Situation Report.
    talking, but not saying anything

    that is, everyone already knows where to find gdp's

    there's more to an economy than gdp, friend

    That a poll suggests that 86% of Americans described the economy as a "crisis" is a matter of how Americans felt about the present state of affairs when they were surveyed.
    really?

    Even as I agree with those sentiments given the nation's high unemployment rate, those sentiments have no bearing whatsoever on the issue of whether there is or is not economic growth.
    the states of mind of the folks comprising the economy go far to determine just whether and how much growth is actually realized

    GDP data shows that there has been growth in the two most recent quarters. During that time, real GDP has expanded 1.9%.
    yes, we all acknowledged that when it happened
    Last edited by The Prof; 04-12-10 at 04:40 PM.

  8. #238
    Guru
    USA_1's Avatar
    Join Date
    Dec 2009
    Location
    BANNED
    Last Seen
    04-16-11 @ 02:45 PM
    Gender
    Lean
    Independent
    Posts
    3,142

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

    Quote Originally Posted by The Prof View Post
    you talk yet say nothing



    fascinating, revealing, NOT a waste of anyone's time



    at&t out a billion is not talking down

    86% in crisis is not talking down

    interest on the debt to approach a tril in just over 5 years is not talking down

    the dangerously upside down status of our biggest and most expensive states is not talking down

    the uncertainties surrounding health care, cap and trade, reg reform, is not talking down

    half of those hamped already re-defaulting---not talk

    gas prices, initial jobless claims, foreigners dumping our debt---not talk

    4.5 million foreclosures coming in the immediate future is not talking down

    no, not talking down, just talking

    ie, LINKS



    fascinating, do tell more

    what's your favorite color?



    talking, but not saying anything

    that is, everyone already knows where to find gdp's

    there's more to an economy than gdp, friend



    really?



    the states of mind of the folks comprising the economy go far to determine just whether and how much growth is actually realized



    yes, we all acknowledged that when it happened
    How did we get here? Everything was great when Obama took over.
    "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

  9. #239
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

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

    From the Federal Reserve's just-released "Beige Book" report:

    Overall economic activity increased somewhat since the last report across all Federal Reserve Districts except St. Louis, which reported "softened" economic conditions. Districts generally reported increases in retail sales and vehicle sales. Tourism spending was up in a number of Districts. Reports on the services sector were generally mixed. Manufacturing activity increased in all Districts except St. Louis, and new orders were up...

    While labor markets generally remained weak, some hiring activity was evident, particularly for temporary staff. Wage pressures were characterized as minimal or contained.

  10. #240
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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


Page 24 of 45 FirstFirst ... 14222324252634 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •