Unemployment rate to 8.8%

Discussion in 'Economy' started by JimH52, Apr 1, 2011.

  1. JimH52
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    JimH52 Gold Member

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  2. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Great news

    Economy added 200,000 jobs
     
  3. Trajan
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    Trajan conscientia mille testes

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    yup, in 2 months we have added a net of....*scribble scribble*...*tap tap tap Cha-Ching!!!*...140k jobs....yeaaa baby!!!!!!!!!


    * APRIL 1, 2011, 9:20 A.M. ET

    Jobs Report Signals Improving Economy



    snip-
    The private sector has been adding jobs for about a year, though the pace hasn't been enough to return the unemployment rate close to prerecession levels. The Fed forecasts it will take another three years before the unemployment rate reaches the 5%-to-6% range.

    The March breakdown showed continued gains in manufacturing, which added 17,000 jobs. In the services sector, education and health, leisure and hospitality showed gains. Employment in the battered construction sector was flat after adding 37,000 jobs in February.

    Total government employment, meantime, fell by 14,000 as local governments, struggling with budget shortfalls, trimmed payrolls.

    In a sign of the challenges still faced by the labor market, the report showed 45.5% of unemployed Americans, or 6.1 million people, were out of work for more than six months in March, up from 43.9% in February. The longer someone is without a job, the harder it is to find work.

    Average hourly earnings of all employees were unchanged at $22.87. Over the past year, earnings have increased by 1.7%. Higher income helps support consumer spending, which has strengthened recently, but remains weak compared with previous recoveries.

    Meanwhile, the average workweek for all employees on private payrolls was unchanged at 34.3 hours in March.

    http://online.wsj.com/article/SB100...36373168364868.html?mod=WSJ_hp_LEFTTopStories
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    Last edited: Apr 1, 2011
  4. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Damn it!

    And I was hoping for the economy to fail
     
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  5. JimH52
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    JimH52 Gold Member

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    At least we are losing jobs, aka Bush's last year in office.
     
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  6. Trajan
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    Trajan conscientia mille testes

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    I don't know why you quoted me there.....

    wtf?? :eusa_eh:


    hey, I am all aboard baby, the Obama recovery express, I said I would wait 3 months for net job growth before jumping the bandwagon screw'it, count me in NOW!!!!! Sham-Wow!!!!! Don't make me go Reagan on you RW.....:eusa_hand:
     
  7. Dr.House
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    Dr.House Lives on in syndication!

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    are those "burger flipping" jobs?
     
  8. pinqy
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    pinqy Gold Member

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    Where are you getting your math from? Jan 2011 was 130,308,000 and March 2011 was 130,738,000 By my math, 130,738,000 - 130,308,000 = 430,000
     
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  9. Trajan
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    Trajan conscientia mille testes

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    I know Obama is the messiah and all, he can part seas, stops tides, spin the Moon on its axis, but babies are born people grow up and we need approx. 120-150K jobs a month to tread water ( I low balled to 140K to defuse any assertions of exaggeration).....CHAAAA-CHINNNNGGGGG..;)
     
    Last edited: Apr 1, 2011
  10. Truthmatters
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    Truthmatters BANNED

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    The messiah thing is a tad old dont you think?

    That is one right wing propaganda line that was a fail right from the first day you were told to use it
     

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