TimC Posted March 3, 2011 Share Posted March 3, 2011 Cool! At least there be some movement in the country. I didn't think there wasn't any movement in Washington state since Jerry Garcia died and the hippies stopped dancing. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted March 3, 2011 Share Posted March 3, 2011 I didn't think there wasn't any movement in Washington state since Jerry Garcia died and the hippies stopped dancing. The mourning period expired. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted March 4, 2011 Share Posted March 4, 2011 More good news. Unemployment falls below 9% Employers hired in February at the fastest pace in almost a year, and the unemployment rate fell to 8.9 percent - a nearly two-year low. The economy added a net 192,000 jobs. Factories, professional and business services, education and health care were among the sectors that hired. Retailers, though, trimmed jobs. State and local governments, squeezed by budget gaps, slashed 30,000 jobs, the most since November. Federal government hiring was flat. Private employers added 222,000 jobs last month, the most since April. That shows companies are feeling more confident about the economy and their own prospects. The job gains bolstered hopes that businesses will hire aggressively through the rest of the year and strengthen the economic recovery. The unemployment rate is now at its lowest point since April 2009. It's been falling for three months, down from 9.8 percent in November, marking the sharpest three-month drop since 1983. http://seattletimes.nwsource.com/html/busi...puseconomy.html Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted March 4, 2011 Share Posted March 4, 2011 More good news. Unemployment falls below 9% http://seattletimes.nwsource.com/html/busi...puseconomy.html Thank god we voted those republicans into office in November!!! Quote Link to comment Share on other sites More sharing options...
bushwacked Posted March 4, 2011 Share Posted March 4, 2011 Thank god we voted those republicans into office in November!!! When you guys going to stop blaming Ob....I mean.....nevermind. Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted March 4, 2011 Share Posted March 4, 2011 Didnt Moodys estimate that close to 700,000 jobs would be LOST if all the gubmnet cuts that are proposed are enacted? One step forward, two steps back. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted March 4, 2011 Author Share Posted March 4, 2011 it's a strong report. funny how the job market is finally heating up, just as "stimulus" spending is winding down. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted March 4, 2011 Share Posted March 4, 2011 (edited) it's a strong report. funny how the job market is finally heating up, just as "stimulus" spending is winding down. Oversimplification Fail Edited March 4, 2011 by bushwacked Quote Link to comment Share on other sites More sharing options...
Brentastic Posted March 5, 2011 Share Posted March 5, 2011 These economic numbers are such B.S. I mean, REALLY? Does anyone believe that 192k jobs mean anything when there are over 15MM people unemployed? Especially when you consider that these UE numbers do not reflect the 99ers and other long-term unemplyed Americans. Plus, if you actually read the report, you will find hidden stats such as: In February, 2.7 million persons were marginally attached to the labor force, upfrom 2.5 million a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Sheep getting led to slaughter - it's happening right before our eyes, folks. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted March 5, 2011 Share Posted March 5, 2011 So what you're saying is everything is a conspiracy and the sky is about to fall, for reals this time. Not like the other times, but this time for reals. Duuude, you think so abstractly. Quote Link to comment Share on other sites More sharing options...
WaterMan Posted March 5, 2011 Share Posted March 5, 2011 So what you're saying is everything is a conspiracy and the sky is about to fall, for reals this time. Not like the other times, but this time for reals. Duuude, you think so abstractly. Honestly I haven't seen Republicans in Congress/House or Obama do anything that will help job creation beyond expansion of government. Quote Link to comment Share on other sites More sharing options...
Avernus Posted March 6, 2011 Share Posted March 6, 2011 Honestly I haven't seen Republicans in Congress/House or Obama do anything that will help job creation beyond expansion of government. don't you know you're not supposed to interrupt him when he's making one of his many clever responses? Quote Link to comment Share on other sites More sharing options...
bushwacked Posted March 6, 2011 Share Posted March 6, 2011 Updated numbers Today’s employment report shows that private sector payrolls increased by 222,000 in February, marking 12 consecutive months of growth that has added 1.5 million jobs at private firms. The unemployment rate fell for the third straight month to 8.9 percent. The 0.9 percentage point drop in the unemployment rate over the past three months is the largest such decline since 1983, and it has been driven primarily by increased employment, rather than falling labor force participation Quote Link to comment Share on other sites More sharing options...
Avernus Posted March 7, 2011 Share Posted March 7, 2011 Updated numbers driven primarily by increased employment, rather than falling labor force participation - How is this known for sure? I'm not seeing anything that suggests things are getting better in the jobs market.... Quote Link to comment Share on other sites More sharing options...
bushwacked Posted April 2, 2011 Share Posted April 2, 2011 Why doesn't this thread get bumped as much anymore? Improvements in the job market may finally be taking hold, as strong business hiring last month brought the unemployment rate down to its lowest level in two years. The economy gained 216,000 jobs in the month. That's better than the gain of 180,000 predicted by economists surveyed by CNNMoney, and also a significant improvement over the 194,000 jobs added in February. "Almost two years after the recession officially ended, the labor market appears to finally be picking up," said Kathy Bostjancic, director of macroeconomic analysis for The Conference Board. The unemployment rate continued to edge down, dropping to 8.8%, the lowest level since March 2009. The unemployment rate has shed a full percentage point in the last four months, the largest four-month drop since 1984. How unexpected. Quote Link to comment Share on other sites More sharing options...
matt770 Posted April 2, 2011 Share Posted April 2, 2011 Awesome! The economy's back. I'm sure someone will buy my house any day now... Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted April 2, 2011 Share Posted April 2, 2011 How unexpected. 4 more years! 4 more years! Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted April 28, 2011 Author Share Posted April 28, 2011 Why doesn't this thread get bumped as much anymore? unexbumpedly Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted May 6, 2011 Share Posted May 6, 2011 CNN May 4th and then May 6th... NEW YORK (CNNMoney) -- The labor market is showing signs of slow improvement: private sector employers added 179,000 positions in April and the number of planned job cuts fell, according to two reports released Wednesday. Payroll processing company ADP said private sector payrolls grew by 179,000 in April, after a upwardly revised 207,000 increase in March. Economists were expecting a gain of 200,000 private sector jobs, according to consensus estimates from Briefing.com. Monthly gains in employment over the last four months have been holding steady around 200,000 since the start of the year, ADP said, which is "consistent with only modest declines in the unemployment rate," the report said. Smaller businesses led the charge in April. Medium-size businesses, defined as those with between 50 and 499 workers, and small businesses, defined as those with fewer than 50 workers, each added 84,000 jobs in the month. Larger businesses, with 500 or more workers, added just 11,000 last month. A separate report released Wednesday showed employers announced fewer planned job cuts in April, even as government sector layoffs mounted. The number of jobs cut fell 12% to 36,490 from March's 41,528, according to outplacement consulting firm Challenger, Gray & Christmas. Year over year, job cuts dropped 5% from 38,326 in April 2010. April's job cut number is the lowest so far this year, and the third lowest over the last 16 months. "The slow pace of downsizing suggests employers remain optimistic about business conditions going forward, despite higher energy costs, government deficits and slipping confidence among consumers," said John Challenger, CEO of Challenger, Gray & Christmas. Despite the slow pace of layoffs in the economy at large, the government and non-profit sector was hit hard by job losses. Government positions dominated planned job cuts, accounting for 10,731 job cuts last month, bringing the four-month total to 52,660. "The weak link in the job market right now is the government sector, which continues to shed employees at a heavy rate," Challenger said. "Most of cuts tracked this year were concentrated in the state and local agencies." The Challenger report -- along with an additional report from ADP -- typically set the tone for the government's highly anticipated monthly employment data. Economists surveyed by CNNMoney expect the unemployment rate to hold steady at 8.8% while employers added 185,000 jobs in April. For the full year, economists expect 2.3 million new jobs - just under 200,000 per month - and an unemployment rate of 8.4% by year end. NEW YORK (CNNMoney) -- The jobs recovery picked up speed in April, as business payrolls swelled and the unemployment rate rose as more people returned to the workforce. The economy added 244,000 jobs in the month, the Labor Department reported Friday. That's up from the 221,000 jobs gained in March. Economists surveyed by CNNMoney were expecting a slight slowdown to a gain of just 185,000 jobs. Job growth has been strong since the beginning of the year, with 768,000 jobs added since January. And Friday's report also showed that 46,000 more jobs were added in February and March than previously thought. Businesses added 268,000 jobs in April, bringing private sector hiring so far this year to 854,000. It's the strongest month for business hiring since February 2006, nearly two years before the start of the recession. Quote Link to comment Share on other sites More sharing options...
wiegie Posted May 6, 2011 Share Posted May 6, 2011 CNN May 4th and then May 6th... two different surveys the BLS one is the more important of the two--and today's payroll numbers were better than had been expected (they still aren't great, but if we have another 60 or so months like this in a row, the labor market will be back to normal) Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted May 6, 2011 Share Posted May 6, 2011 (edited) two different surveys the BLS one is the more important of the two--and today's payroll numbers were better than had been expected (they still aren't great, but if we have another 60 or so months like this in a row, the labor market will be back to normal) 5 more years! 5 more years! 5 more years.... Understood, just find it interesting that there can be a 65,000 job (30%+) swing between the two. ETA: Could you, in 2,000 words or less, explain to me why their is such a big discrepancy? You could use it for class and your students might appreciate it. Edited May 6, 2011 by SEC=UGA Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 6, 2011 Share Posted May 6, 2011 did they say where the jobs have expanded?....the only places I have seen hiring lately is in retail and fast food..... I've seen job fairs at wal mart, sears, k mart and so on......while places like NutriSystem are downsizing and will probably bottom out in a year or so...I know this because I know someone who is in their sales department and just as an example, any jobs worth having shouldn't be let go by the employee right now because most employers are letting them go and then the people are going into retail jobs.... so, just because the jobs numbers are increasing it doesn't mean things are improving because it's really only expanding in retail and apparently Obama is supposed to make an announcement at noon today that we've already heard on the internet, but the public doesn't know about how QE2 has been stopped and we're apparently not going to be printing any more money for awhile....but I have only heard this from a few people around me (not on the internet) and will confirm when I get to looking... Quote Link to comment Share on other sites More sharing options...
wiegie Posted May 6, 2011 Share Posted May 6, 2011 did they say where the jobs have expanded? Total nonfarm payroll employment increased by 244,000 in April, and theprivate sector added 268,000 jobs. Employment rose in a number of service- providing industries, manufacturing, and mining. Since a recent low in February 2010, total payroll employment has grown by 1.8 million. Private sector employment has increased by 2.1 million over the same period. (See table B-1.) In April, employment in retail trade rose by 57,000. Within the industry, employment in general merchandise stores increased by 27,000, offsetting a decline of similar magnitude in the prior month. Elsewhere in retail trade, April job gains occurred in electronics and appliance stores (+6,000), building material and garden supply stores (+6,000), and automobile dealers (+5,000). Employment in professional and business services continued to expand in April, with an increase of 51,000. Job gains occurred in management and technical consulting services (+11,000) and in computer systems design and related services (+8,000). Employment in temporary help services was little changed over the month, following an increase of 34,000 in March. Health care continued to add jobs in April (+37,000). Within health care, job gains continued in ambulatory health care (+22,000) and hospitals (+10,000). Employment in leisure and hospitality continued to increase in April (+46,000). Over the past 3 months, this industry added 151,000 jobs, with nearly two-thirds of the growth in food services and drinking places. Employment in both state government and local government continued to trend down, with April losses concentrated in the non-educational components. Elsewhere in the service-providing sector, employment in information, financial activities, and transportation and warehousing changed little in April. In the goods-producing sector of the economy, manufacturing employment rose by 29,000 in April. Since reaching an employment low in December 2009, manufacturing has added 250,000 jobs, including 141,000 in 2011. Over the month, employment growth continued in machinery (+5,000), primary metals (+4,000), and computer and electronic products (+4,000). Mining added 11,000 jobs in April. More than half of the gain occurred in support activities for mining. Since a recent low point in October 2009, employment in mining has increased by 107,000. Construction employment was about unchanged in April. This industry has shown little net movement since early 2010, after having fallen sharply during the prior 3 years. The average workweek for all employees on private nonfarm payrolls remained at 34.3 hours in April. The manufacturing workweek for all employees, at 40.4 hours, also was unchanged over the month, while factory overtime increased by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged in April at 33.6 hours. (See tables B-2 and B-7.) In April, average hourly earnings for all employees on private nonfarm payrolls increased by 3 cents, or 0.1 percent, to $22.95. Over the past 12 months, average hourly earnings increased by 1.9 percent. In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 5 cents, or 0.3 percent, to $19.37. (See tables B-3 and B-8.) The change in total nonfarm payroll employment for February was revised from +194,000 to +235,000, and the change for March was revised from +216,000 to +221,000. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted May 6, 2011 Share Posted May 6, 2011 Understood, just find it interesting that there can be a 65,000 job (30%+) swing between the two. It's the 30% I find astonishing. That's a level of inaccuracy that's hard to comprehend. Surely there ought to be some single method of collating this data so it's at least consistent? Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted May 6, 2011 Author Share Posted May 6, 2011 I didn't have the heart to bump this earlier in the week when new jobless claims unexpectedly jumped to hit at 8 month high Quote Link to comment Share on other sites More sharing options...
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