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Ya know the census needs 700,000 workers and pays $22/hr.
I dig the employment news, including the fact the the labor force is expanding while unemployment is dropping a bit.
However, this is small beans in the real economic world which sees the US Treasury losing it's AAA bond rating, a massively expensive entitlement program being piled on top of two already bankrupt entitlement programs, and Obama's proposed spending leading the CBO conclude that deficits will amount to 90% of GDP by 2019.
Lets maintain some perspective here...shall we?
162,000 Jobs Added in March - Rate Remains 9.7% - NYTimes.com
The real number is 123,000 jobs, since the temp census jobs don't really count in my opinion. However this is a very good sign. So what is your opinion, are we on the road to recovery or not? What do you base it on?
Personally, I am hopeful, but I am not prepared to call anything at this time.
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.
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'!
And this will occur in spite of the new healthcare law.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.
I'll get the word out on the street to the 15 million people without jobs that they should be celebrating. Thanks.
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.
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.
well on that note, i'd say that it's better than a poke in the eye.
What percentage of this is government-related jobs?
I know many companies are getting ready for another big round of layoffs. We're doing it here, I assure you.
The economy is crap right now, and the market spike is a bubble that will soon burst. Get your 401Ks over to money market sometime in the next 90 days.
I agree. Most added jobs were temps and government jobs. The economy is in much worse shape than they're telling us. Unemployment benefits are running out which will lead to a million more foreclosures and bankruptcies. The Commercial real estate sector is just beginning to collapse.
Banks appear to be doing better because they don't pay anything for their money and they stuck all their toxic assets into holding companies.
The main reason for the stock market surge was low interest rates. People can not get any return in other investments. It is due for another major adjustment downward.
Unfortunately for them, hope doesn't put food on the table. Jobs do.I think most jobless people want a job, which means they see this as a sign of hope.
Unfortunately for them, hope doesn't put food on the table. Jobs do.
The Labor Department says job openings rose in several sectors of the economy in February, including retail, manufacturing, restaurants and hotels, and transportation.
The report is consistent with other surveys showing hiring is picking up in those areas. It also echoes last week's employment report, which showed broad job gains in March.
Thanks for providing the source document. The cherry-pickers at the AP make it sound like things are going so great. The most important line in the article is the last one... "Total job openings declined in February, a sign that hiring remains sluggish."With respect to the job market, which appears to have stabilized, and is possibly in the early stages of a resumption of growth, CNBC reported today:
News Headlines
The Bureau of Labor Statistics' report cited in the news article can be found at:
http://www.bls.gov/news.release/pdf/jolts.pdf