115,000 jobs created, rate drops to 8.1%

Discussion in 'Economy' started by Trajan, May 4, 2012.

  1. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    hey I said it last month, lets just create 80K and watch the rate drop to 7.5 % ...:rolleyes: Or better yet, no jobs and we'll wind at 4.5%, or peak employment....




    [​IMG]


    WASHINGTON—U.S. job growth slowed again in April, a fresh sign that the economy could be settling into a sluggish spring.

    Nonfarm payrolls grew by 115,000 last month, the Labor Department said Friday. The unemployment rate, obtained by a separate survey of U.S. households, ticked down a tenth of percentage point to 8.1%.

    Economists surveyed by Dow Jones Newswires expected a gain of 168,000 in payrolls and for the jobless rate to remain at 8.2% in April.

    On a positive note, March payrolls grew by an upwardly revised 154,000 from an initially reported 120,000, and February payrolls posted a gain of 259,000, compared with an earlier estimate of 240,000.

    Jobs Data Point to Sluggishness - WSJ.com
     
  2. mascale
    Offline

    mascale VIP Member

    Joined:
    Feb 22, 2009
    Messages:
    4,033
    Thanks Received:
    210
    Trophy Points:
    85
    Ratings:
    +453
    Trajan-poster puts this in the siggy?

    “There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency involved.” – Ludwig von Mises

    Credit is money, and the spread of it creates markets. Then there is what this Ludwig von Mises is for, and the Tea Party, and RNC--except for the Mormon, who understands that economies need regulations.

    Now, if only the RNC version of "HomeMaker of The Year," would spread around to medical research--maybe someone in America--or even in Haiti, or East Africa--could be cured of Multiple Sclerosis--So Far not on Radar at RNC(?)!

    "Crow, James Crow: Shaken, Not Stirred!"
    (Many take tea and. . . . . .hmmmm!)
     
  3. JimBowie1958
    Offline

    JimBowie1958 Old Fogey

    Joined:
    Sep 25, 2011
    Messages:
    39,343
    Thanks Received:
    5,505
    Trophy Points:
    1,170
    Location:
    Fredericksburg, VA
    Ratings:
    +21,470
    The feds dropped 0.2% from the available work pool count, so of course we saw an 'increase in percentage of people 'working since the total is lower by more than the fake increase.

    Several million Americans have been dropped off the count of the work force since Obama took office and the total is back down to levels not seen since the 1970s.
     
    • Thank You! Thank You! x 1
  4. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,545
    Thanks Received:
    1,130
    Trophy Points:
    205
    Ratings:
    +3,046
    consumers automatically regulate the economy under capitalism. we have the most capitalist regulation and so are the richest in human history. Is that over your head?? Consumers bankrupt 10,000 companies a month; that is far more severe than a few liberal bureaucrats can do from DC. Is that over your head too?
     

Share This Page