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U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

Taylor said:
I see. You're "above" this political stuff. :roll:

If all the "most of you" care about is the country's economy, then you won't mind us voting Democrats out of office. Quite frankly, I'm surprised you take issue with any of the comments being made about Obama.

So long as the economy is in good health, eh? :lol:
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No, you are quite wrong. I feel Obama has been better for the economy than, say, McCain would have been. On the other hand, if McCain had won, when the economy started to improve, I would simply be happy the economy was improving, rather than make snide comments.

Unlike some of the right today, and unlike some of the left then, when we started to pull out of the recession under Bush, I was simply happy things where improving.
 
Redress said:
Unlike some of the right today, and unlike some of the left then, when we started to pull out of the recession under Bush, I was simply happy things where improving.
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No offense, but I think that's a rather naive view. Government works best when it works under pressure. We would not be the country we are today if our citizens were content with mediocrity.
 
Taylor said:
No offense, but I think that's a rather naive view. Government works best when it works under pressure. We would not be the country we are today if our citizens were content with mediocrity.
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We went into a really bad recession. Recovering is not mediocrity, it's part of the process. It starts slow, then gets better. Hopefully this is a sigh that we are headed towards that "better", and I am glad for it, not because I am a democrat or a liberal, but because that is good for the country and myself.
 
Adding jobs at last? Very good news. Things certainly appear to be gaining momentum.
 
48,000 are Temporary workers for the Census.

So the true figure might be 114,000 maybe permanent jobs!
 
Redress said:
We went into a really bad recession. Recovering is not mediocrity, it's part of the process. It starts slow, then gets better.
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I didn't say recovery was mediocre. I said this month's job numbers are mediocre. Most of the economists and financial blogs writing on this seem to agree (they must hate America too).

So overall a report that was in line with expectations, and with no big surprises either way. Don't get too excited by it or let it exert undue influence in your investing
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Partly Sunny BLS Jobs Report Clouded By Census And Snow Forbes.com's Great Speculations

The March jobs report is in from the Bureau of Labor Statistics and they are…eh…
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March Jobs Report: Which Sectors Will Grow? - CBS MoneyWatch.com

All in all, the report appears to be of the “ugly Goldilocks” sort – not too hot and not too cold, but just ugly enough under the surface to keep the liquidity pumps fully primed.
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THE PRAGMATIC CAPITALIST JOBS REPORT SUMMARY WITH MARKET REACTION

Although the March report is a big improvement from the hundreds of thousands of jobs lost each month during 2009, job growth is effectively stalled and long-term unemployment is eating away at people’s pocketbooks and the nation’s economy.
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AFL-CIO NOW BLOG | 162,000 New Jobs in March. But Without Aid, Long-Term Job Growth Stalled

Happy talk about today’s jobs reports is understandable, but the underlying reality is what people are feeling, which is why Democrats are slipping on the economy, while Obama’s numbers start to sag. It’s what you expect in an off-year election season, but watch the trajectory, as it will foreshadow the damage likely to come the Dems way in November.
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Amidst Jobs Report, Obama Slips|Taylor Marsh – TaylorMarsh.com – News, Opinion and Weblog on Progressive Politics

So you see, my take ["Kind of "ho hum" - not much in the way of good news in the job report, but not much in the way of bad news, either.] is a rather popular one:
  • "Don't get too excited by it "
  • "they are…eh…"
  • "not too hot and not too cold, but just ugly enough"
  • "job growth is effectively stalled"
 
jujuman13 said:
48,000 are Temporary workers for the Census.

So the true figure might be 114,000 maybe permanent jobs!
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Nope, 40,000 of those were for temp services:

Temporary help services added 40,000 jobs in March. Since September 2009, temporary help services employment has risen by 313,000.
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Further, a good number of jobs were only part-time:
The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) increased to 9.1 million in March. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
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160,000 is a lot of paid Obama goons.
 
keep in mind the economy needs to grow 125 to 200,000 jobs per month JUST TO BREAK EVEN WITH POPULATION GROWTH

Jobless rate falls but another 20,000 jobs lost - Feb. 5, 2010

hence, the UNEMPLOYMENT RATE remains dismally the same at NINE POINT SEVEN

also, ominous signs ahead:

housing saw 2.8 million foreclosures in 09, expects 4.5 mil in '10, this year, a 60% increase

2009 was like a national dust bowl, now we're looking at 60% worse

Housing market's recovery appears at risk - Boston.com

Half of U.S. Home Loan Modifications Default Again (Update1) - Bloomberg.com

equally foreboding are all these new bookings by the megacorps, at&t, verizon, deere, caterpilllar, 3m...

their cost of simply staying in business has taken for each of them a billion dollar hit, or some good chunk of a full B

AT&T to Book $1 Billion Cost on Health-Care Reform (Update3) - BusinessWeek

Verizon Joins AT&T in Booking Costs From Health-Care (Update1) - Bloomberg.com

these are extremely heavy downward pressures on hiring, pay, housing, lending and, of course, ultimately, consumer spending
 
I like how conservatives are so partisan that they're actually looking for ways to explain how things aren't getting better.

Nobody said everything is fixed. We've just made the turnaround into a positive growth and are on the way out of this mess. Light at the end of the tunnel, if you will.

But hey, keep up your bashing all the way until November.
 
Taylor said:
There are 15 million people unemployed and you think "300k by summers end" is going to have everyone feeling rosy?
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I see it as a step in the right direction...nothing more. This country still has a long way to go, but the hiring (or rehiring) of over 140K new employees is never a bad thing no matter how anyone tries to :spin: it or dummy it down.
 
Objective Voice said:
the hiring (or rehiring) of over 140K new employees is never a bad thing no matter how anyone tries to :spin: it or dummy it down.
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Correct. The hiring (or rehiring) of over 140K new employees is a :shrug: thing
 
Taylor said:
Correct. The hiring (or rehiring) of over 140K new employees is a :shrug: thing
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Taylor is just pretending he's not a partisan hack. The same guy who argued about people on the right not supporting terrorism. What did y'all expect :shrug:?
 
1. the foreclosures, 4.5 million on the immediate horizon

2. the cost of staying in biz, an extra 1B for mega's like at&t and verizon, due to obamacare, proportionately smaller hits for smaller supercorps

3. the downward pressure on hiring, on pay, on expansion, on investment, lending, housing, spending and on GOVT REVENUE
 
Taylor said:
Correct. The hiring (or rehiring) of over 140K new employees is a :shrug: thing
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In the context of an economy that was shedding how many jobs just a year ago(800k was it?, too lazy to look this second), it's pretty damn good news. That is a close to 1 million job a month swing.
 
Redress said:
In the context of an economy that was shedding how many jobs just a year ago(800k was it?, too lazy to look this second), it's pretty damn good news. That is a close to 1 million job a month swing.
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No... it's been pretty stagnant for a few months. We hit bottom a while ago.
 
Hatuey said:
Taylor is just pretending he's not a partisan hack. The same guy who argued about people on the right not supporting terrorism. What did y'all expect :shrug:?
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I have no idea what she's talking about, but I must of really got her panties in a wad for her to come to this thread and try to drum up something from several weeks? months? ago. Did it ever happen?

Apparently she's been angry about it for some time. :shrug:
 
Hatuey said:
Taylor is just pretending he's not a partisan hack. The same guy who argued about people on the right not supporting terrorism. What did y'all expect :shrug:?
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pot meet kettle
 
Taylor said:
No... it's been pretty stagnant for a few months. We hit bottom a while ago.
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So we went from losing jobs, to stagnant, to now gaining jobs. This is what we call in the real world as a good trend.
 
Taylor said:
I have no idea what she's talking about, but I must of really got her panties in a wad for her to come to this thread and try to drum up something from several weeks? months? ago. Did it ever happen?

Apparently she's been angry about it for some time. :shrug:
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Heh, I see what you did there. I laughed.
 
Redress said:
So we went from losing jobs, to stagnant, to now gaining jobs. This is what we call in the real world as a good trend.
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That's really good but we have to really ramp up on job creation before part 2 of the housing crisis begins, otherwise we may be in store for a double dip recession.
 
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