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View Full Version : Largest Job Growth Since 2007 This March. We are turning back around!



Wei Wu Wei
04-02-2010, 03:08 PM
http://www.google.com/hostednews/afp/article/ALeqM5hjkQ-sRaRbz6KzRWE7NEa_5TfmuA

162,000 jobs were created in March, the vast majority of which are private sector jobs from different areas of the economy (although some government jobs are helping to put people to work like with the census)

Unfortunately, the unemployment rate is still just below 10%, and there's still a long way to go.

Still, the largest job growth since before the recession started, it's a good sign for everyone :D

Wei Wu Wei
04-02-2010, 03:10 PM
there's lots of stories about this, here's another from the Wall Street Journal with some more details:

http://online.wsj.com/article/SB10001424052702304871704575159532892137828.html?m od=rss_com_mostcommentart


Total government employment, which include state and local jobs, rose by 39,000, helped by the influx of the Census workers. Another temporary boost to employment likely came from a reversal of the snowstorm effect seen in February.

Beyond government jobs, the report showed that the private sector created 123,000 jobs. Manufacturing continued to trend up, rising by 17,000. The industry, which is leading the economy's recovery, has added 45,000 jobs in the past quarter. Construction, a sector that has been suffering, added 15,000 jobs in March.

djones520
04-02-2010, 03:11 PM
While it is a good sign, don't break out the champaigne bottle yet. A lot of those jobs are temporary Census jobs. And there is a lot of news out there about companies that are axing positions due to some of the new bills that have come out recently.

Wei Wu Wei
04-02-2010, 03:12 PM
A lot of these temporary jobs can help boost the economy too. Even though they aren't long term solutions, they put more spending money into people's hands and the more people spend the better the economy does.

marv
04-02-2010, 03:34 PM
A lot of these temporary jobs can help boost the economy too. Even though they aren't long term solutions, they put more spending money into people's hands and the more people spend the better the economy does.
So, if money in circulation is so good, why not just mail money out to the people?

Wei Wu Wei
04-02-2010, 03:42 PM
So, if money in circulation is so good, why not just mail money out to the people?

Umm they did that remember those stimulus checks a couple years ago?

Still, these things are very expensive and only serve as short term boosts.

Temporary government jobs are better, and long term private sector growth is better than that.

AmPat
04-02-2010, 04:15 PM
The only reason I suspect this is Wee Wee is the name and the obvious cheerleading of O Blah Blah. Other than that, I suspect an imposter. You actually sound logical for a change.

Nubs
04-02-2010, 04:19 PM
162k does not even keep up with the number of new persons entering the workforce.

Articulate_Ape
04-02-2010, 04:25 PM
While it is a good sign, don't break out the champaigne bottle yet. A lot of those jobs are temporary Census jobs. And there is a lot of news out there about companies that are axing positions due to some of the new bills that have come out recently.


I agree. I would also look for a downward revision at a later date, as has been the MO of this administration from the get go. While if it holds, I will be happy for all those finding work, I am not throwing any parties until such job growth proves to be sustainable. We have one hell of a long way to go on the jobs front.

lacarnut
04-02-2010, 04:34 PM
there's lots of stories about this, here's another from the Wall Street Journal with some more details:

http://online.wsj.com/article/SB10001424052702304871704575159532892137828.html?m od=rss_com_mostcommentart

The month of March was an improvement. However, if you strip out the census workers, you have job growth of under 100k which is the number you need to just keep up with the number of new workers that come on line each and every month. Additionally, the weather was so bad in Jan. and Feb. that it was expected that construction work would pick up.

It appears the bleeding from jobs lost has come to a halt. However, it will take 8 to 10 years of double the hiring of that in March ( around 250k to 300k) for the unemployment rate to drop back to 6%. The Obama Admin. with health care, cap and trade, tax increases, etc, will stifle the job market and there will no reduction in the overall unemployment. The dip-shit has even stated that cap and trade will cause the loss of hundreds of thousands of jobs. If the Repubs can not stop this fool, our economy will further decline into the crapper.

Wei Wu Wei
04-02-2010, 05:33 PM
We were on the edge of another great depression, the markets were in freefall and millions of jobs were lost. The markets stabalized a long time ago and have been rising and now the jobs are slowly beginning to come back.

The situation isn't good, but looking at how terrifying things were 2 and a half years ago, we should be glad that we're even in a position to be criticizing job creation

Articulate_Ape
04-02-2010, 05:42 PM
We were on the edge of another great depression, the markets were in freefall and millions of jobs were lost. The markets stabalized a long time ago and have been rising and now the jobs are slowly beginning to come back.

The situation isn't good, but looking at how terrifying things were 2 and a half years ago, we should be glad that we're even in a position to be criticizing job creation

I wouldn't get to cocky just yet if I were you. There is one hell of a lot of negative pressure on our economy, not the least of which is our obscene debt load which puts us at high risk of future inflation and climbing interest rates. Also, keep in mind that the financial burden of the ill-conceived HCR legislation hasn't even hit the pipeline. Nope, we still have some very serious and even crippling problems yet to face.

lacarnut
04-02-2010, 05:49 PM
We were on the edge of another great depression, the markets were in freefall and millions of jobs were lost. The markets stabalized a long time ago and have been rising and now the jobs are slowly beginning to come back.

The situation isn't good, but looking at how terrifying things were 2 and a half years ago, we should be glad that we're even in a position to be criticizing job creation

And you are an idiot. 12 million unemployed and dumb shits like you putting a happy face on it.

Wei Wu Wei
04-02-2010, 05:54 PM
Yes we are still in a bad place and we have a lot of future problems to address, but we survived. Never in history have we been problem-free, there are always things to worry about, and we'll never ever get it "right", that is where we as a society always have been, however we faced a near disaster, almost plunged into another great depression. The economy was crumbling in front of us, and we pulled out of it and we're rebuilding now.

It's like if you're in an awful traffic pile up and you're in a coma, nearly dead. You wake up and week by week you start to regain function, you don't say "geeze this sucks" when you're first able to leave the hospital. Sure you may not be able to play football right away and you may still have pains but let's keep things in perspective.

Wei Wu Wei
04-02-2010, 05:59 PM
But that's just me, I think if you survive a near-catastrophe and are working on rebuilding that it's time to count your blessings and when signs of improvement begin showing it's time to be happy. Not everyone has that outlook though.

Swampfox
04-02-2010, 06:25 PM
One month does not a recovery make.

Megaguns91
04-02-2010, 06:32 PM
One month does not a recovery make.

Wise, you are.


http://runningdownhill.files.wordpress.com/2008/08/yoda.jpg

Wei Wu Wei
04-02-2010, 06:34 PM
For months the focus was making it less-worse. We've now been looking at making it better and we've just shown our first indicator of pre-recession level growth. This was the worst recession since the Great Depression and it isn't going to turn in a month, but this month does mark a significant point in the recovery and gives us perspective at where we are.

It still is going to require a lot more but let's remember, in January of 2009 we lost almost 600,000 jobs. We were losing over 500,000 jobs every month and now we're gaining jobs and the gains per month are increasing (albeit slowly).

From -598,000/mo to +162,000/mo in just over a year.

lacarnut
04-02-2010, 06:53 PM
But that's just me, I think if you survive a near-catastrophe and are working on rebuilding that it's time to count your blessings and when signs of improvement begin showing it's time to be happy. Not everyone has that outlook though.

No one in their right mind wants to see Obama fail for political gain. His policies have caused us to go backwards though. GM and several banks should have been allowed to fail. This was a f. up on his part. The TARP and the 2 stimulus bailouts have led to the taxpayer getting the shaft which have ballooned the debt. The government can not bail out the unemployed for the rest of their lives. The government can not give out free health care, free food stamps, free housing, free Internet, free phone service, free walking around money. Printing money like crazy will cause us to go into a double dip recession or a a depression. Socialism will screw this country up from soup to nuts. I want less government rather than more government which distinguishes conservative from fool like you. Putting a happy face on a turd will not make it look any better.

Nubs
04-02-2010, 10:17 PM
If you look at commodity prices, things are beginning to sky rocket just like the 4-6 months prior to the last meltdown. The rate of increase is way above any normal inflationary increase.

patriot45
04-02-2010, 11:02 PM
I didn't start at the first page but...... I just want to know who pays the salary of the 16,500 IRS agents that will be hired to enforce Obummercare? Any answers? And if I'm not mistaken there will be a few more bureaucracies that will have to be paid for!!Since the Gov. doesn't have any money there is only one place to get it!! To steal it from us!

THE RESISTANCE
04-05-2010, 12:06 PM
No. I think it is that we are just slowly spinning not turning around.