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

Slartibartfast

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162,000 Jobs Added in March - Rate Remains 9.7% - NYTimes.com

The Labor Department said Friday that the unemployment rate held steady at 9.7 percent. It is expected to worsen later this year as discouraged workers re-enter the labor force.

...

But economists sounded a cautious note, pointing out that a sizable portion of the growth came from the government’s hiring of 48,000 census workers, mostly temporary jobs. There were clear signs, however, that the private sector was slowly gaining strength: over all, it added 123,000 jobs last month.

The real number is 123,000 jobs, since the temp census jobs don't really count in my opinion. However this is a very good sign. So what is your opinion, are we on the road to recovery or not? What do you base it on?

Personally, I am hopeful, but I am not prepared to call anything at this time.
 
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By the end of the summer, you will see the majority of stimulus money flowing along with the last remaining days of a zero interest rate policy. As interest rates increase, business investment in labor will be more enticing than capital.
 
Come October you'll see tons of stimulus money flowing into states where Democrats of vulnerable. But hey, 162,000 more job is just marvelous isn't it? :roll:
 
Come October you'll see tons of stimulus money flowing into states where Democrats of vulnerable. But hey, 162,000 more jobs is just marvelous isn't it? :roll:

The tone of the "Hannity followers" when job creation is in full effect will be priceless. If there is job creation in the tune of 300k by summers end, the "conservative victory tour" will be a wash out.
 
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.

I'm not sure I'd want to be tying a "stimulus is working" narrative to this humdrum.
 
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.

I'm not sure I'd want to be tying a "stimulus is working" narrative to this humdrum.

No relevant economic comment; only your overstated opinion. Noted and not surprised.

Positive job growth in the tune of six figures is now considered "neutral"?
 
most jobs added in three years is good news.
 
This is great news. Obviously job creation will have to get over 200k a month before the unemployment rate starts to decline, but the psychological effect of this is very good. This is the first time in 2 years the economy has actually created new jobs. If the trend continues, it will definitely help out with the anxiety of workers / consumers.
 
The tone of the "Hannity followers" when job creation is in full effect will be priceless. If there is job creation in the tune of 300k by summers end, the "conservative victory tour" will be a wash out.
There are 15 million people unemployed and you think "300k by summers end" is going to have everyone feeling rosy?

Haha, you go right on thinking that my friend. Don't let me or the "Hannity followers" tell you any different. :beer:
 
The tone of the "Hannity followers" when job creation is in full effect will be priceless. If there is job creation in the tune of 300k by summers end, the "conservative victory tour" will be a wash out.
Obama needs more than 300,000 jobs to help his problem. That's nothing.
 
I'm loving the right's responses. They will accept an upturn in the US Economy to be an upturn of the market cycle, and will argue that the Stimulus project did nothing of any benefit. But when the US Economy goes downhill they will argue that the Stimulus project's effect on the market cycle has been understated.


edited: First time in a post where I've ever used both "affect" and "effect", hard to keep them separated.
 
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No relevant economic comment; only your overstated opinion. Noted and not surprised.

Positive job growth in the tune of six figures is now considered "neutral"?
Sorry to piss on your wet blanket.

The only people doing cartwheels over 162k jobs will be partisan leftists ecstatic that things haven't gotten worse for yet another month.

If you want to know what an economic turnaround looks like, try three years of consistent job gains averaging somewhere between 250 and 300k a month. Since our first job gains last November, we're averaging what? 23k?

:yawn:
 
Sorry to piss on your wet blanket.

The only people doing cartwheels over 162k jobs will be partisan leftists ecstatic that things haven't gotten worse for yet another month.

If you want to know what an economic turnaround looks like, try three years of consistent job gains averaging somewhere between 250 and 300k a month. Since our first job gains last November, we're averaging what? 23k?

:yawn:

How familiar are you with job growth ratios in regards to economic recoveries? More importantly, are you aware of the the how derivative of job growth behaves as its slope turns positive?
 
Sorry to piss on your wet blanket.

The only people doing cartwheels over 162k jobs will be partisan leftists ecstatic that things haven't gotten worse for yet another month.

If you want to know what an economic turnaround looks like, try three years of consistent job gains averaging somewhere between 250 and 300k a month. Since our first job gains last November, we're averaging what? 23k?

:yawn:

Three Years of consistent job gains make sense in a healthy economy.

With an economy that is suffering from all sorts of Pig diseases, you should be celebrating a monthly gain of 23k.
 
Three Years of consistent job gains make sense in a healthy economy.

With an economy that is suffering from all sorts of Pig diseases, you should be celebrating a monthly gain of 23k.
I'll get the word out on the street to the 15 million people without jobs that they should be celebrating. Thanks.
 
How familiar are you with job growth ratios in regards to economic recoveries? More importantly, are you aware of the the how derivative of job growth behaves as its slope turns positive?
I know nothing of job growth derivtives, and neither do the 15 millon people without jobs who will be voting in November.
 
I'll get the word out on the street to the 15 million people without jobs that they should be celebrating. Thanks.

The only way you would make any difference in that margin is if you came up with 15 million jobs. Don't be naive, celebrate the good as it happens.
 
I know nothing of job growth derivtives, and neither do the 15 millon people without jobs who will be voting in November.

Case in point.

You have no business stating that job growth in the tune of 160k... during this stage of the recovery... is anything less than significant. Given the state of fiscal and monetary policy, a maximum is nowhere on the horizon.
 
The right wingers are astounding. They would bitch if they were hung with a new rope. We created 162,000 jobs last month, to anyone who does not have there head up Glenn Becks ass, that is a good thing. Of course we need to do better. We need to be creating 250k jobs a month to start really climbing out, but to go from month after month after month of job losses to over 100k of jobs being created is a good thing. If we create more jobs in April, it will be even better, and so on and so forth.

During the Clinton years we created 23 million new jobs, median income went up ever single year, the poverty rate declined every single year, and his Administration left office with a budget surplus. It took the Republicans years to royally f*** that all up, and climbing out of this hole and back into prosperity is not going to happen overnight. ;)
 
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A journey of a thousand miles begins with a single step. ;)
I'm sure the application boxes at most companies will be stuffed now that free healthcare is available. :lol:
 
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