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Thread: Strongest jobs recovery in decades.

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    Strongest jobs recovery in decades.

    NEW YORK (CNNMoney.com) -- A jobless recovery? Hardly.

    By historical standards, the labor market is recovering nicely -- job growth has started earlier than in past recessions.

    But the unemployment problem isn't going away. An especially tough recession has raised the bar on the amount of job growth needed to recover, magnifying the pain of the struggling labor market.

    "If you had a severe recession, you tend to have a strong recovery," said Robert Brusca of FAO Economics. "So far that hasn't happened."

    The unemployment rate hit a high-water mark of 10.1% in October 2009 and has since fallen to 9.5%. Payrolls began growing in November and, excluding the impact of temporary census jobs, the economy has added jobs every month since January.

    That's a much quicker peak than previous job market recoveries.
    Jobs recovery is stronger than past recessions - Sep. 2, 2010

    Also from the article:

    Heidi Shierholz, labor economist for the Economic Policy Institute, thinks another shot of stimulus spending by the federal government is called for in order to avoid more job losses.

    "We owe the growth we have seen to the measures that the Fed and Congress took in early 2009," she said. "It's great to put the brakes on the jobs losses of last year, but we need to do more."
    Now I would like to ask the folks out there in the audience this question:

    If a second stimulus is needed to avoid a secondary and possibly more severe recession, would you be in favour of it?

    Although the question is irrelevent as the White House has said there will be no second stimulus.

    I think many people out there seriously underestimate just how severe this recession is, and that there is no magic fix for it.

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    Re: Strongest jobs recovery in decades.

    Except, that Recovery Summer has lost 293,000 jobs and the unenployment rate rose over the summer.

    Your article is nothing other than propaganda.

    The only way to fix the recession, is for the government to get the hell out of the way and let people make money.

    Government can'ty create wealth and it can't create jobs.
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    Re: Strongest jobs recovery in decades.

    Quote Originally Posted by apdst View Post
    Except, that Recovery Summer has lost 293,000 jobs and the unenployment rate rose over the summer.

    Your article is nothing other than propaganda.

    The only way to fix the recession, is for the government to get the hell out of the way and let people make money.

    Government can'ty create wealth and it can't create jobs.

    What he said ^^^


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    Re: Strongest jobs recovery in decades.

    "By historical standards, the labor market is recovering nicely "
    Wow talk about spin, LOL. Let's hope Obama takes that message and runs with it. It will do wonders for him in the polls.

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    Re: Strongest jobs recovery in decades.

    I try and stay out of economic threads but it is a mystery to me how this is a success in any way
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    Re: Strongest jobs recovery in decades.

    NEW YORK (CNNMoney.com) -- A jobless recovery? Hardly.
    Oops, there appears to be an error in the first line of the article.

    NEW YORK (CNNMoney.com) -- A recovery? Hardly.
    There, fixed.

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    Re: Strongest jobs recovery in decades.

    Quote Originally Posted by Jetboogieman View Post
    Jobs recovery is stronger than past recessions - Sep. 2, 2010

    Also from the article:



    Now I would like to ask the folks out there in the audience this question:

    If a second stimulus is needed to avoid a secondary and possibly more severe recession, would you be in favour of it?

    Although the question is irrelevent as the White House has said there will be no second stimulus.

    I think many people out there seriously underestimate just how severe this recession is, and that there is no magic fix for it.

    Recovering nicely?


    Employment Situation Summary


    283,000 jobs lost this summer. You call that "recovery"?
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    Re: Strongest jobs recovery in decades.

    Geez, talk about grasping for straws. LOL

    Uh, no. Unemployment rose to 9.6 percent (and that's just of those who haven't quit looking), and we lost 283,000 jobs this summer.

    Keep throwing darts in the dark.
    Last edited by Erod; 09-03-10 at 11:14 AM.

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    Re: Strongest jobs recovery in decades.

    Quote Originally Posted by texmaster View Post
    I try and stay out of economic threads but it is a mystery to me how this is a success in any way
    It's not clear to you how three successive months of job losses (Jun, Jul, Aug) mark the "strongest job recovery in decades"?

    When the recession ended under Bush in July 2003, there was a loss of 42k jobs in August followed by 46 months of successive job gains. That's what you call weak or mediocre jobs recovery. Strong job recovery is when you have a mix of job losses and a few gains from temporary census workers. Come on, this is basic Econ 101.

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    Re: Strongest jobs recovery in decades.

    Quote Originally Posted by apdst View Post
    Except, that Recovery Summer has lost 293,000 jobs and the unenployment rate rose over the summer.

    Your article is nothing other than propaganda.

    The only way to fix the recession, is for the government to get the hell out of the way and let people make money.

    Government can'ty create wealth and it can't create jobs.
    Ironic, since it was the lack of government that got you into the ****hole you are in now.. ahh the irony of American conservative economic thinking!

    American conservative thinking = lets **** up the economy with lazzie-faire policies so our friends can get rich, and then to fix the problem... do more of the same!
    Last edited by PeteEU; 09-03-10 at 11:20 AM.
    PeteEU

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