Last edited by Gill; 05-06-11 at 12:41 PM.
The good thing about this is as someone already mentioned, private sector is back to hiring. That's extremely good.
Overall I'd say this is good news. As for the stimulus, those projections were severely faulted. Good job Nancy.
Profits have been up for a while. Turns out it takes more than just more money in their accounts to persuade a business to hire somebody. The business has to have a need for an additional person.
I may be wrong.
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911
There are a few factors a lot of you aren't even really looking at. Mainly acts of God. Me and many people I know right now for example have been out of work roughly for a month due to supply constraints caused by Japan. In the automotive supplier I work for, the people that are left working there right now only work 3 days, on one shift as opposed to the typical 6 days a week an entire 3 shifts would normally work. Natural disasters in United States have not helped either. I think honestly many of those new jobs probably came from relief efforts from natural disasters. Im also a believer that regardless of who would be president now, the worst is yet to come. Get ready for Great Depression Part Deux people!
"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan
And don't forget that 62,000 of the 244,000 gain in employment was McDonald's hiring fair. Take those minimum wage jobs out and the numbers don't look so great.
There has been so much talk in Washington and in the news about the national debt, terrorism, wars and healthcare that one might think these are the issues that most concern Americans in 2011. But opinion polls consistently show that none of these issues is as important to most Americans as the Big Issue: unemployment and the economy.
An unusually vivid example occurred on April 19, which McDonald’s declared National Hiring Day, encouraging people across the country to apply for a job.
The world’s biggest restaurant chain reported that it received one million applicants for open positions, which resulted in 62,000 people gaining employment. Another 900,000 plus were turned down.
It was the third month in a row of at least 200,000 new jobs. The private sector has added jobs for 14 consecutive months. Even a slight rise in the unemployment rate to 9 percent appears to be a quirk.
The job growth was better than economists expected and perhaps the strongest sign yet that what they call a "virtuous cycle" has taken hold: When people spend more, corporate earnings rise, leading to more hiring and then more spending.
Businesses now hiring at fastest pace since 2006 - Yahoo! News
“I’m worried that I will be the last Republican president.” - George W. Bush