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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 jujuman13 View Post
    My experience of Politicians and their antics lead me to believe that whatever 'good' news will come out between now and the Midterms, the news afterward will be so dire that people should remember what they thought before 'CHANGE' and the actuality after 'CHANGE'!

    What I would be delighted to see would be a breakdown of these 162,000 'New' jobs, as for example:-

    Manufacturing = ?
    Services = ?
    Health = ?
    Census = 48,000
    Government = ?
    Retail = ?
    Catering = ?

    This would then give us a good idea of how well the American economy is emerging from this Recession.

    For America to begin healing, we need the Manufacturing to be of paramount importance because unless we can sell our production or Services we will only continue going downhill.
    Knowledge is half the battle, right?

    Here you go!

    The Bureau of Labor Statistics compiles and maintains labor-related data. Their the folks that release the monthly employment situation reports.

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

    Quote Originally Posted by jujuman13 View Post
    My experience of Politicians and their antics lead me to believe that whatever 'good' news will come out between now and the Midterms, the news afterward will be so dire that people should remember what they thought before 'CHANGE' and the actuality after 'CHANGE'!
    Although risks exist and some headwinds persist e.g., the commercial real estate sector's difficulties, the economy has resumed a growth path. With aggregate demand having stabilized and likely in the early stages of a recovery, the employment outlook has also improved.

    Even as it will take time for the high unemployment rate to decline and net job growth could be somewhat volatile, net job creation should become more persistent and robust in coming months. On that matter, I believe both Alan Greenspan and Lawrence Summers reasonably describe the situation.

    Down the road, another possible challenge will entail the hand-off from public efforts at stimulating the economy to the private sector. Timing and magnitude of stimulus withdrawal will be key to determining how the transition fares. For now, at least, the economy is again growing and the employment market has stabilized and may be entering the early stages of a resumption in growth.

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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
    Although risks exist and some headwinds persist e.g., the commercial real estate sector's difficulties, the economy has resumed a growth path. With aggregate demand having stabilized and likely in the early stages of a recovery, the employment outlook has also improved.

    Even as it will take time for the high unemployment rate to decline and net job growth could be somewhat volatile, net job creation should become more persistent and robust in coming months. On that matter, I believe both Alan Greenspan and Lawrence Summers reasonably describe the situation.

    Down the road, another possible challenge will entail the hand-off from public efforts at stimulating the economy to the private sector. Timing and magnitude of stimulus withdrawal will be key to determining how the transition fares. For now, at least, the economy is again growing and the employment market has stabilized and may be entering the early stages of a resumption in growth.
    And this will occur in spite of the new healthcare law.
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by American View Post
    And this will occur in spite of the new healthcare law.
    The new law's more significant provisions e.g., the 3.8% tax hike on unearned income, don't go into effect for a number of years. I suspect that tax hike on investment income will have a modest adverse impact on investment activity and long-run competitiveness/growth. I don't believe it is of a magnitude necessary to choke off all job/economic growth. In the long-term, as the package is largely an expansion of coverage established on the broken foundation of a health care system for which no meaningful action has been taken to address the issue of excessive cost growth, the burdens of the overall system will grow more substantial. Failure to address the excess cost issue poses a long-term threat to the U.S. economy and is at the heart of a large part of the nation's long-term fiscal imbalances e.g., those associated with Medicare.

    But that's looking farther out. In the near-term, the overall shift in the business cycle should be sufficiently resilient to allow for net job growth. One wildcard, as noted earlier was the hand-off from fiscal stimulus to the private sector. Another one down the road concerns how the 2001 and 2003 tax packages are resolved. Some tax cuts will probably need to be preserved (ideally with offsetting spending reductions, but the lack of fiscal discipline in Washington argues that meaningful offsets are unlikely), but others will need to be allowed to phase out for purposes of making a credible downpayment on fiscal consolidation.

    Blanket renewal of all the tax cuts would probably be seen in the markets as a lack of commitment to fiscal consolidation and there would probably be some uptick in long-term interest rates. That increase in long-term rates could raise the cost of capital to an extent necessary to undermine economic growth and outweigh the benefits of renewing all the tax cuts. Failure to renew any tax cuts would likely create a significant drag on economic growth that would likely outweigh perceived benefits of fiscal consolidation, leading to a fresh self-inflicted economic shock. Whether or not Washington's highly partisan political environment will be able to find a reasonable balance remains to be seen.

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

    there is no reasonable balance, there is no reason

    real estate is not our only headwind (a more apt metaphor would be coast-to-coast la brea tar pit)

    there's commercial real estate, as well, facing similar pop-prone pressures

    there're all these uncertainties facing business, ie, hirers, surrounding health care, energy...

    they are downers on hiring, expanding, pay, housing, spending and govt intake

    if timing is key you can count on these keystone accountants to make all THEIR deft-touched decisions with a FINGER in the political wind

    EXPEDIENCY and not economics will energize THIS crowd

    as we've seen with the recent "jobs bill," the STIMULUS leadership can never again call a STIMULUS

    it began as 160B in pelosi's place, got shaved in half by baucus-grassley in the GATEWAY (senate finance), until hassled harry in a huff hewed it down to 15 cents

    what became of the "bank tax," the "spending freeze," the "debt commission," all centerpieces of the state of the union that never was?

    big picture---what became of the anxiously anticipated PIVOT to jobs?

    he's STILL selling health care in carolina, seventeen uninterrupted, unintelligible minutes of mumbling about f-maps

    big picture---real estate, obamacare and cap and trade are not the only stormfronts facing our shipwreck of an economy

    service on the DEBT, mere INTEREST ALONE, is to approach ONE TRILLION DOLLARS PER YEAR beginning in about 2017

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

    The one issue I have with this is that I cannot find the specification of jobs added in March.

    It seemed that the recession primarily hit middle class light-blue to white collar workers (real estate agents, construction managers, etc.). A job is just not a job, for all the stories of "previous seven figure executive finds new enjoyment delivering pizza" there is a plethora of people being turned away for being overly qualified.
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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'll get the word out on the street to the 15 million people without jobs that they should be celebrating. Thanks.
    I think most jobless people want a job, which means they see this as a sign of hope. Unlike those who hope they won't get jobs just so they can win an election or prove a point.

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

    Quote Originally Posted by American View Post
    Obama needs more than 300,000 jobs to help his problem. That's nothing.
    If the unemployment rate is over 10% in most states then, how is that we added jobs? Does this take in to account jobs that were previously lost? I don't understand how this is great news.

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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
    If the unemployment rate is over 10% in most states then, how is that we added jobs? Does this take in to account jobs that were previously lost? I don't understand how this is great news.
    It is great news because jobs were added rather then lost.

    Unless you feel losing 200 000 is bad news and gaining 160 000 is bad news as well

    Does it mean the US is on the road to recovery not all all, but it certainly is better then losing jobs
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Lord Tammerlain View Post
    It is great news because jobs were added rather then lost.

    Unless you feel losing 200 000 is bad news and gaining 160 000 is bad news as well

    Does it mean the US is on the road to recovery not all all, but it certainly is better then losing jobs
    well on that note, i'd say that it's better than a poke in the eye.

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