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U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

Helix

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For the 30th straight month, the United States economy added jobs in March, albeit still at a pace too sluggish to put a big dent in the backlog of 11.7 million idle workers. The nation’s employers increased their payrolls by 88,000 last month, compared with 268,000 in February, according to a Labor Department report released Friday.


http://www.nytimes.com/2013/04/06/business/economy/us-adds-only-88000-jobs-jobless-rate-falls-to-7-6.html?_r=0

not terribly surprising. didn't look to be a good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."
 
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

At least 80,000 is better than zero. At least, I think it is, I've never been particularly gifted at math.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

not terribly surprising. didn't look to be a good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."

Yeah, maybe Obama should quit talking about guns and get back to thinking about jobs. Some economists are saying Unemployment will rise to 7.8% and others are saying it will stay the same.

They never really agree on anything and yet counting numbers there really shouldn't be any excuses for mistakes.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

It's not all bad. There's some good news to be gleaned from the report:

"Having such a disappointing figure in March will have a volcanic negative impact on sentiment in critical economic areas, such as housing," said Todd Schoenberger, managing partner at LandColt Capital."
Oh, did I say good news? Whoops, my bad.


Not to worry, I'm sure that someplace, somewhere, there's a tidbit of positive data to assure us that good times are just around the corner. They've been saying it for three years. They'll have to be right eventually, right?

Right?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

At least 80,000 is better than zero. At least, I think it is, I've never been particularly gifted at math.

i agree completely. at one point, we were shedding hundreds of thousands of jobs a month. to top it off, i was unemployed then. this beats the hell out of 2009.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

No problem! PPACA will add about 140,000 very well paying "navigator" (broker?) jobs ($40K to $100K per year?) just to help the folks figure out how to play the Obamacare exchange game - but, we are told, that they will not make PPACA "recomendations" thus need no state "licensing". How much do you want to bet that they will also be glad to assist with voter registration?

HHS: States can license navigators | LifeHealthPro

Feds: Brokers can be HHS exchange navigators | LifeHealthPro

HHS proposes broker compensation rules for health insurance exchanges | Insurance & Financial Advisor I IFAwebnews.com
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

the usual bad news when it comes to jobs.

the labor force participation rate continues to fall. down to 63.3% from 63.5% in feb.

latest_numbers_LNS11300000_2010_2013_all_period_M03_data.gif
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

i agree completely. at one point, we were shedding hundreds of thousands of jobs a month. to top it off, i was unemployed then. this beats the hell out of 2009.
Better than the depression, too. If we're going to set the bar low, let's set it really low.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

not terribly surprising. didn't look to be a good month with the sequester, uncertainty, and all of the global BS. i was frankly stunned when they predicted 200,000. we need some new economists, because it's always "unexpected."

Well, the good news is that the private sector had added 95,000 jobs. And the drop in government employment comes mostly from the US Postal Service - has nothing to do with the sequester.

The bad news is, paradoxically, that the unemployment rate is down a bit - that's because people are leaving the workforce.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

No problem! PPACA will add about 140,000 very well paying "navigator" (broker?) jobs ($40K to $100K per year?) just to help the folks figure out how to play the Obamacare exchange game - but, we are told, that they will not make PPACA "recomendations" thus need no state "licensing". How much do you want to bet that they will also be glad to assist with voter registration?

HHS: States can license navigators | LifeHealthPro

Feds: Brokers can be HHS exchange navigators | LifeHealthPro

HHS proposes broker compensation rules for health insurance exchanges | Insurance & Financial Advisor I IFAwebnews.com

Yeah, but that wont make up for the loss of medical people in R&D and other areas of the profession. Also More doctors will be closing up shop. Especially with the pharmacies giving out shots and vaccinations. 20 bucks in an and out.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Better than the depression, too. If we're going to set the bar low, let's set it really low.


I sure hope your tongue is firmly implanted in your cheek....Are you really proposing that the best Obama can do is stagnation? :doh Shades of Carter for sure....90 million have completely dropped out of the workforce, bloating welfare, and disability roles...Oh well, that's the plan right?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

i agree completely. at one point, we were shedding hundreds of thousands of jobs a month. to top it off, i was unemployed then. this beats the hell out of 2009.

What we are shedding now are people leaving the labor force by stop looking for jobs. Obama will soon have the unemployment rate under 7% if he continues with his economic policies that punish job creators and adds red tape to the hiring process along with higher taxes. Keep cutting the size of the labor force which seems to be the liberal way of cutting unemployment. Not a pretty picture except to those who want a massive central govt with millions dependent.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

No problem! PPACA will add about 140,000 very well paying "navigator" (broker?) jobs ($40K to $100K per year?) just to help the folks figure out how to play the Obamacare exchange game - but, we are told, that they will not make PPACA "recomendations" thus need no state "licensing". How much do you want to bet that they will also be glad to assist with voter registration?

HHS: States can license navigators | LifeHealthPro

Feds: Brokers can be HHS exchange navigators | LifeHealthPro

HHS proposes broker compensation rules for health insurance exchanges | Insurance & Financial Advisor I IFAwebnews.com

Actually, asking if you would like to register to vote is one of the questions in the instructions for the draft application...
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

What we are shedding now are people leaving the labor force by stop looking for jobs. Obama will soon have the unemployment rate under 7% if he continues with his economic policies that punish job creators and adds red tape to the hiring process along with higher taxes. Keep cutting the size of the labor force which seems to be the liberal way of cutting unemployment. Not a pretty picture except to those who want a massive central govt with millions dependent.

How will he have it under 7 %? I highly doubt it, if anything we need to worry about it going over 8 % under his alleged leadership.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

How will he have it under 7 %? I highly doubt it, if anything we need to worry about it going over 8 % under his alleged leadership.

I think his point is that if enough people leave

the workforce the % will keep going down.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Are you really proposing that the best Obama can do is stagnation?
Any competent statistician will tell you that the best predictor of future success is past performance.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

How will he have it under 7 %? I highly doubt it, if anything we need to worry about it going over 8 % under his alleged leadership.

Figure out how the unemployment rate is calculated and you will understand that when people drop out of the labor force they also drop off the roles of the unemployed meaning fewer people are unemployed and a lower labor force, that will mean a lower percentage unemployed.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Yeah, maybe Obama should quit talking about guns and get back to thinking about jobs. Some economists are saying Unemployment will rise to 7.8% and others are saying it will stay the same.

They never really agree on anything and yet counting numbers there really shouldn't be any excuses for mistakes.

It's ironic that people who dn't like Obama generally have the opinion that government can't do anything to create jobs, and they also know if Obama is talking jobs, he is talking about government actions to stimulate job creation, which they adamantly oppose, but when Obama isn't talking about jobs, then they complain about that.

The only action they would support is the action that we all know Obama won't take, and that is what conservatives often refer to as getting out of the way, and the rest of us call it letting business interests exploit every American resource, from workers to the environment.

Do you conservatives REALLY want Obama to talk jobs, or is this just a kneejerk complaint, or worse, do you expect that Obama is suddenly going to favor conservative supply side policies?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Any competent statistician will tell you that the best predictor of future success is past performance.

Absolutely, and never in our history have we had such a non event in terms of recovery from a recession....This is on purpose.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

90 million have completely dropped out of the workforce, bloating welfare, and disability roles

"Not in the Labor Force" (currently 89,967,000) does NOT mean "dropped out of the Labor Force." It means did not work or have a job the week of March 10-16, and either could not have started work that week or did not look for a job after Feb 16th.

This includes 14.8 million high school and college students, 22.6 million non-disabled people 65 and older, 23 million disabled (some overlap with sudents). I don't have the data on stay home spouses or independently wealthy.

92.5% of those not in the labor force say they don't want a job and of those who say they do, over half haven't bothered to look in over a year.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

It's ironic that people who dn't like Obama generally have the opinion that government can't do anything to create jobs, and they also know if Obama is talking jobs, he is talking about government actions to stimulate job creation, which they adamantly oppose, but when Obama isn't talking about jobs, then they complain about that.

The only action they would support is the action that we all know Obama won't take, and that is what conservatives often refer to as getting out of the way, and the rest of us call it letting business interests exploit every American resource, from workers to the environment.

Do you conservatives REALLY want Obama to talk jobs, or is this just a kneejerk complaint, or worse, do you expect that Obama is suddenly going to favor conservative supply side policies?

The bold part is the typical liberal mischaracterization. We have a different viewpoint as to how jobs are stimulated, right now the path being taken doesn't seem to be working so well does it? But, go ahead, as so many libs do, and demonize, and divide...I am sure that will help. :roll:
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

What we are shedding now are people leaving the labor force by stop looking for jobs. Obama will soon have the unemployment rate under 7% if he continues with his economic policies that punish job creators and adds red tape to the hiring process along with higher taxes. Keep cutting the size of the labor force which seems to be the liberal way of cutting unemployment. Not a pretty picture except to those who want a massive central govt with millions dependent.

i'm aware of this world view. laissez faire doesn't work, and neither does command economy communism. i think we can find a happy medium somewhere between those extremes.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

"Not in the Labor Force" (currently 89,967,000) does NOT mean "dropped out of the Labor Force." It means did not work or have a job the week of March 10-16, and either could not have started work that week or did not look for a job after Feb 16th.

This includes 14.8 million high school and college students, 22.6 million non-disabled people 65 and older, 23 million disabled (some overlap with sudents). I don't have the data on stay home spouses or independently wealthy.

92.5% of those not in the labor force say they don't want a job and of those who say they do, over half haven't bothered to look in over a year.

And a thousand angles can dance on the head of a pin....But can you show me that? No....Semantics are not winning the argument for progressive Obama supporters...people know its horrible in the real world, and are getting fed up with progressives "new norm"....
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Figure out how the unemployment rate is calculated and you will understand that when people drop out of the labor force they also drop off the roles of the unemployed meaning fewer people are unemployed and a lower labor force, that will mean a lower percentage unemployed.
How are you claiming that someone who goes from Employed to Not in the Labor force means fewer people are unemployed????
There were several months during the recession where the labor force level and rate dropped and the UE rate went up.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

US economy adds 88K jobs, rate drops to 7.6 pct.
U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. The slowdown may signal that the economy is heading into a weak spring.
Let's see .. a recession is defined as two consecutive calendar quarters of down GDP. We were down at the end of December .. and let's see what the end of March looks like.

The Labor Department said Friday that the unemployment rate dipped to 7.6 percent, the lowest in four years, from 7.7 percent.
That's the correct direction .. but, you know, with the GDP down in December even with Christmas, and thus things not looking that great for this quarter, it doesn't really make sense that unemployment would be dropping.

But the rate fell only because more people stopped looking for work. People who are out of work are no longer counted as unemployed once they stop looking for a job.
Well, there we go, the real reason unemployment has fallen in recent months: piss poor tabulation techniques!

The true unemployment rate continues to approach 14%, but with all the "technicality" excuses for not counting people who want to work and would take a job if available but have sunk into a depression/funk because there simply are no jobs available, we all get to don rose-colored glasses and smile at the hope of a fictitiously descending unemployment rate.

And why are we so misinformed about the true nature of unemployment and the real rate of nearly 14%?

Recession - Wikipedia, the free encyclopedia
In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was "two down consecutive quarters of GDP".[3] In time, the other rules of thumb were forgotten. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.[4]
Oh well would you look at that -- unemployment is also tied to the definition of a recession by some, and if an administration can sweep the truth under a technicality rug that unemployment is really rising .. which it does by simply not even attempting to come close to counting all the ever increasing "discouraged workers" even in the obscure "deeper" formulas .. then we'll never know whether this definition has occurred!

Regardless of your personal pet recession definition, it's pretty clear that, if you read the article with which I opened this post, times are still pretty tough for scores of millions of Americans.

That's, of course, because the Obamas and Boehners have done nothing of necessary heroic state-of-emergency necessary action to get us out of the mess the recession -- which began six whole years ago! -- has placed so many American citizens in.

Instead of real and necessary effort to help American citizens get out of this mess -- by ending out- and in- sourcing and doing all we can to bring industries back to America -- we instead get bombarded with the hugely depression-causing counterproductive amnesty and legalization for 20 million illegals and the innocuous "gay marriage" oxymoron and spending tons on defense to keep the dreaded communists of North Korea at bay and ... all kinds of comparative meaninglessness.

As the record Dow combined with lingering nearly 14% unemployment shows, the "economy" is meaningless to the livelihoods of Americans when tens of millions of our jobs are still in the hands of wage-slaves of non-American citizenship.

As America continues to thus import third-world poverty as we export our jobs, the old methods of recession-measuring become irrelevantly obsolete.

All things relevantly considered, we're in a recession again now .. and until the true unemployment rate of nearly 14% gets drastically reduced, we remain in danger of the slightest Euro-nonsense plummeting us into a real depression.

Tick tock, America.
 
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