Reality on Jobs outlook

[RetiredGySgt]

October Jobs Report: Deja Vu All Over Again | Daniel Gross - Yahoo! Finance

Ya sure looking rosy.

 

[uscitizen]

And getting repubs in control will not make things any better.

When the right and left wing esperts were predicting a rapid recovery from this recession I predicted that it would suck for at least a decade and the standard of living in the US would at best hold level for a few decades.

 

[naturegirl]

Wonder how many of those that aren't on unemployment any more are because their benefits have run out or they've taken seasonal jobs. 99 weeks is a long time, we are fast approaching the limit on the first group that received the extension. Even so, 80,000 jobs is pitiful!!

And then there is this from the article:

It's been the case for much of the past year that the U.S. economy is growing not because of government spending, but in spite of government cutbacks. In October, the private sector created 104,000 jobs, with gains led by professional and business services (33,000) and leisure and hospitality (22,000). Manufacturing posted a small 5,000 jobs gain. Meanwhile, governments at all levels cut 24,000 jobs. Since May 2010, government has cut one million jobs while the private sector has added 2.28 million positions.

 

[ladyliberal]

I'm not familiar with this writer, but he seems to be making the case for Obama's jobs bill or something like it. He claims the recovery is occurring despite government policy rather than because of it, and he cites the reduction in the public payroll as the chief policy hurting the recovery.

That hiring more government workers will reduce unemployment and aid a recovery is clear to nearly all economists (although there is great uncertainty in the degree to which this is true). However, it is a matter that remains somewhat debatable in the wider political sphere, which is made up almost entirely of economic illiterates.