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Thread: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

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    U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

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    By Timothy R. Homan - May 6, 2011
    American employers in April added more jobs than forecast, indicating the world’s largest economy is weathering the impact of higher fuel prices.
    Payrolls expanded by 244,000 last month, the biggest gain since May 2010, after a revised 221,000 increase the prior month, the Labor Department said today in Washington. The jobless rate climbed to 9 percent, the first increase since November, a separate survey of households showed. Employment was forecast to grow by 185,000 last month, according to the median estimate of economists surveyed by Bloomberg News.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by American View Post
    what's your point?

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by washunut View Post
    what's your point?
    That the economy is slowly getting better?
    Ted Cruz is the dumbest person alive.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by whysoserious View Post
    That the economy is slowly getting better?
    Except that the unemployment rate went up again, even after excluding discouraged workers. It's not ALL a happy picture.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    When demand increases, businesses will hire more people to meet the demand.
    When businesses hire more people, demand will go up.

    the best catch there is
    I may be wrong.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by washunut View Post
    what's your point?
    I thought it was suppose to be below 8% by now, wasn't that a campaign promise?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    FWIW, the report can be found at: http://www.bls.gov/news.release/pdf/empsit.pdf

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by American View Post
    I thought it was suppose to be below 8% by now, wasn't that a campaign promise?
    Not a campaign prommise. The Magical Mystery Stimulus was supposed to keep it at no higher than 8%

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Whovian View Post
    Not a campaign prommise. The Magical Mystery Stimulus was supposed to keep it at no higher than 8%
    The unemployment rate doesn't tell the whole picture, when companies are hiring more, people are out looking for jobs and this will cause the rate to go up because of claims.


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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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