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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

    The Conference Board's Leading Economic Indicators (LEI) rose a robust 1.4% to 109.6 in March. In addition, as a further evidence of labor market stabilization and perhaps another indication of a resumption in employment growth, the Conference Board observed, "Payroll employment made its first substantial contribution to the coincident economic index, suggesting a recovery that is beginning to gain traction."

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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
    The Conference Board's Leading Economic Indicators (LEI) rose a robust 1.4% to 109.6 in March. In addition, as a further evidence of labor market stabilization and perhaps another indication of a resumption in employment growth, the Conference Board observed, "Payroll employment made its first substantial contribution to the coincident economic index, suggesting a recovery that is beginning to gain traction."

    It's all a mirage. The economy can not recover until the housing sector is back to normal and that is still years away.
    "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 USA-1 View Post
    It's all a mirage. The economy can not recover until the housing sector is back to normal and that is still years away.
    The economy can't recover until the jobs start coming back.

    What, they're coming back?

    Oh, well, in that case the economy can't recover until the housing sector is back to normal.

    What's the next condition of economic recovery?
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

    St. Benedict

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

    Quote Originally Posted by Morality Games View Post
    The economy can't recover until the jobs start coming back.

    What, they're coming back?

    Oh, well, in that case the economy can't recover until the housing sector is back to normal.

    What's the next condition of economic recovery?
    A Republican president.

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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
    A Republican president.
    Of course, that has to be it.

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

    Quote Originally Posted by Morality Games View Post
    The economy can't recover until the jobs start coming back.

    What, they're coming back?

    Oh, well, in that case the economy can't recover until the housing sector is back to normal.

    What's the next condition of economic recovery?
    Jobs are coming back? Most are temps and government jobs and the jobs created don't even keep up to new people joining the workforce. The collapse in the housing sector caused this recession and a sustained recovery can't happen until the housing sector corrects.

    WASHINGTON – A spike in unemployment claims Thursday underscored the bumpiness of the economic rebound: Consumers are spending more. Factories are making more. But layoffs have not tapered off as fast as expected.

    So can the recovery gather much steam if 17 percent of working-age Americans remain jobless or underemployed?

    Employers have begun to add jobs recently, including 162,000 in March. Yet much stronger job creation is needed to ease the current 9.7 percent unemployment rate. And if layoffs were to spike and job creation sputter, the recovery could fall back into a “double-dip” recession.
    Last edited by USA_1; 04-19-10 at 09:39 PM.
    "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 USA-1 View Post
    Jobs are coming back? Most are temps and government jobs and the jobs created don't even keep up to new people joining the workforce. The collapse in the housing sector caused this recession and a sustained recovery can't happen until the housing sector corrects.

    WASHINGTON – A spike in unemployment claims Thursday underscored the bumpiness of the economic rebound: Consumers are spending more. Factories are making more. But layoffs have not tapered off as fast as expected.

    So can the recovery gather much steam if 17 percent of working-age Americans remain jobless or underemployed?

    Employers have begun to add jobs recently, including 162,000 in March. Yet much stronger job creation is needed to ease the current 9.7 percent unemployment rate. And if layoffs were to spike and job creation sputter, the recovery could fall back into a “double-dip” recession.
    This explicits an entirely different perception of the March jobs spike than the one implied in the post I responded to.

    Regardless, I'm not sure of my opinion on the March spike myself. But it seemed interesting to me you seem to be precipating the event of a job growth with an accusation that it is meaningless until the housing market is back in order.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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

    Quote Originally Posted by Morality Games View Post
    The economy can't recover until the jobs start coming back.

    What, they're coming back?
    Um no they're not coming back, first of all 54% of those 162,000 jobs were temp position, 2nd of all the participating labour force increased by 625,000 over the first three months of the year which means a job increase of 208,000 would have been required just to stay afloat and keep the unemployment rate where it is.

    What's the next condition of economic recovery?
    How about an actual decrease in the unemployment rate for starters?

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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
    It's all a mirage. The economy can not recover until the housing sector is back to normal and that is still years away.
    I don't know how you define "normal." IMO, and from a macroeconomic perspective, if the housing prices are stable in real terms and later increase at a rate that is fairly consistent with real economic growth, that would be beneficial.

    If housing prices were to rise rapidly toward the levels attained during the recent housing bubble, that would be detrimental and would result in fresh housing-related risks, an unhealthy rebuilding of leverage, and future financial system fragility. As of 2009 Q4, total U.S. mortgage debt is still 98% of GDP. That remains much above the pre-bubble historic peak of just under 70% of GDP. As a result, the optimal way to work that ratio down to a healthier figure would be for house prices to increase at a rate that is below overall economic growth for an extended period of time.
    Last edited by donsutherland1; 04-20-10 at 11:58 AM.

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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
    I don't know how you define "normal." IMO, and from a macroeconomic perspective, if the housing prices are stable in real terms and later increase at a rate that is fairly consistent with real economic growth, that would be beneficial.

    If housing prices were to rise rapidly toward the levels attained during the recent housing bubble, that would be detrimental and would result in fresh housing-related risks, an unhealthy rebuilding of leverage, and future financial system fragility. As of 2009 Q4, total U.S. mortgage debt is still 98% of GDP. That remains much above the pre-bubble historic peak of just under 70% of GDP. As a result, the optimal way to work that ratio down to a healthier figure would be for house prices to increase at a rate that is below overall economic growth for an extended period of time.

    http://www.theatlantic.com/business/...h-up-19/38954/

    We really are no better off now than we were when the economic collapse began. The housing sector caused it and it is worse now than before.
    Foreclosures have to drop to levels before the collapse in order for a sustained recovery to occur..
    "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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