Economy Adds 216,000 Jobs in March, Unemployment Drops to 8.8%

SOURCE

Well this is good news. I hope the administrations doesn't screw this up with anymore bad policy.

SOURCE

Well this is good news. I hope the administrations doesn't screw this up with anymore bad policy.

airshocker

To both:

Private employers, the backbone of the economy, drove nearly all of the gains. They added 230,000 jobs last month, on top of 240,000 in February. It was the first time private hiring topped 200,000 in back-to-back months since 2006 -- more than a year before the recession started.

SOURCE

Well this is good news. I hope the administrations doesn't screw this up with anymore bad policy.

The article was posted on April 1st. My rule of thumb is not to trust almost any news today. Hope its true though.ttobba07

Maybe if it showed like a million jobs being created, I'd be skeptical, but this seems legit.

is the particapation rate still at a 27 year low? What is the U-6 i dont trust the U-3 it has been played with way too muchsurrealnumber5

No idea, I didn't look at the labor report. Just the article.

Go Team Obama!BrianB0422

[QUOTE="BrianB0422"]Go Team Obama!jshaas

We're going to need years of this kind of activity for our economy to get back to full-strength.

We probably could have had these results a year earlier if the President didn't d*** around with the travesty of healthcare "reform".

[QUOTE="BrianB0422"]Go Team Obama!jshaas

[QUOTE="jshaas"][QUOTE="BrianB0422"]Go Team Obama!airshocker

We're going to need years of this kind of activity for our economy to get back to full-strength.

We probably could have had these results a year earlier if the President didn't d*** around with the travesty of healthcare "reform".

[QUOTE="airshocker"]

[QUOTE="jshaas"] Like it was because of them that these jobs opened up. This is a great sign though. I hope and pray that we see the same at the end of this month, and every month through the end of the year.surrealnumber5

We're going to need years of this kind of activity for our economy to get back to full-strength.

We probably could have had these results a year earlier if the President didn't d*** around with the travesty of healthcare "reform".

The article was posted on April 1st. My rule of thumb is not to trust almost any news today. Hope its true though.ttobba07

Probably an april fools joke

[QUOTE="surrealnumber5"]

[QUOTE="airshocker"]

We're going to need years of this kind of activity for our economy to get back to full-strength.

We probably could have had these results a year earlier if the President didn't d*** around with the travesty of healthcare "reform".

The fact that a lot of people are finding it hard to believe that 8.8% Unemployment is too good to be true tells me something about the state we are in.

8.8 is STILL a rediculously hight unemployment rate people! I'm glad to hear the news, although I'm more interested to hear about all the "adjustments" that are made next week.

[QUOTE="surrealnumber5"] or debasing the currency by adding 100's of billions to circulation

sorry i am not looking for a reason to give him undue head, like most of OT.surrealnumber5

[QUOTE="surrealnumber5"]sorry i am not looking for a reason to give him undue head, like most of OT.Engrish_Major

[QUOTE="Engrish_Major"][QUOTE="surrealnumber5"]sorry i am not looking for a reason to give him undue head, like most of OT.YellowOneKinobi

[QUOTE="surrealnumber5"]sorry i am not looking for a reason to give him undue head, like most of OT.Engrish_Major

[QUOTE="YellowOneKinobi"][QUOTE="Engrish_Major"] Well, a post about "debasing the currency" when inflation levels are at historic lows, followed by a post about drilling for oil, which has absolutely nothing to do with the thread... Engrish_Major

As long as they continue to not count people that stopped looking for a job, but are still unemployed after being previously employed, the longer I'll continue laughing at stupid articles like this. Typical spin from an administration that looks more and more lost and inept by the day.

As long as they continue to not count people that stopped looking for a job, but are still unemployed after being previously employed, the longer I'll continue laughing at stupid articles like this. Typical spin from an administration that looks more and more lost and inept by the day.

broncosfan

Ok, but what kinds of jobs are these?wiifan001

ill take a guess. hmmm i wonder, public union government jobs?

As long as they continue to not count people that stopped looking for a job, but are still unemployed after being previously employed, the longer I'll continue laughing at stupid articles like this. Typical spin from an administration that looks more and more lost and inept by the day.

broncosfan

[QUOTE="wiifan001"]Ok, but what kinds of jobs are these?acsam12304

ill take a guess. hmmm i wonder, public union government jobs?

Yet more proof that forumites prefer making faux-witty posts over reading all the relevant information in a thread. :(

[QUOTE="acsam12304"]

[QUOTE="wiifan001"]Ok, but what kinds of jobs are these?Barbariser

ill take a guess. hmmm i wonder, public union government jobs?

Yet more proof that forumites prefer making faux-witty posts over reading all the relevant information in a thread. :(

:P

Underemployment up slightly to 20.3%

I swear it seems like some rightwingers don't WANT unemployment to go down.

Underemployment up slightly to 20.3%

YellowOneKinobi

thats not enough! obama will not be satisfied unti it is 100%!!!@!11!!

I swear it seems like some rightwingers don't WANT unemployment to go down.

GreySeal9

Underemployment up slightly to 20.3%

YellowOneKinobi

This is the part that so many people ignore. It's also the part that matters most.

I swear, sometimes it seems like certain rightwingers don't WANT unemployment to go down.

GreySeal9

My index funds are happy right now, going to be sad if this ends soon.

[QUOTE="YellowOneKinobi"]

Underemployment up slightly to 20.3%

thats not enough! obama will not be satisfied unti it is 100%!!!@!11!!

[QUOTE="comp_atkins"]

[QUOTE="YellowOneKinobi"]

Underemployment up slightly to 20.3%

surrealnumber5

thats not enough! obama will not be satisfied unti it is 100%!!!@!11!!

[QUOTE="comp_atkins"]

[QUOTE="YellowOneKinobi"]

Underemployment up slightly to 20.3%

surrealnumber5

thats not enough! obama will not be satisfied unti it is 100%!!!@!11!!

[QUOTE="GreySeal9"]

I swear, sometimes it seems like certain rightwingers don't WANT unemployment to go down.

YellowOneKinobi

Well, I wasn't talking about all rightwingers, but every time some good unemployments news come out, there are some rightwingers that seem angry about it and try their best to obscure the good news in as much negativity as possible. Sure, the unemployment number is falling somewhat sluggishly, but this is the second month where the numbers actually went down, showing that there is reason for cautious optimism.

But there are some people who don't want unemployment to go down because that would good for Obama in 2012.

[QUOTE="surrealnumber5"][QUOTE="comp_atkins"]

thats not enough! obama will not be satisfied unti it is 100%!!!@!11!!

[QUOTE="YellowOneKinobi"]

[QUOTE="GreySeal9"]

I swear, sometimes it seems like certain rightwingers don't WANT unemployment to go down.

GreySeal9

Well, I wasn't talking about all rightwingers, but every time some good unemployments news come out, there are some rightwingers that seem angry about it and try their best to obscure the good news in as much negativity as possible. Sure, the unemployment number is falling somewhat sluggishly, but this is the second month where the numbers actually went down, showing that there is reason for cautious optimism.

But there are some people who don't want unemployment to go down because that would good for Obama in 2012.

[QUOTE="GreySeal9"]

[QUOTE="YellowOneKinobi"] I consider myself a rightwinger, and although I can only speak for myself, at this point I just want the unemployment to go down drastically and quickly. I don't care who gets credit for it. I don't care who looks good and who looks bad. Although I've survived the recession thus far (actually switched jobs and making more money than I was before), I'm so weary of having that sort of dark cloud of wondering if/when there will be layoffs at my new company.

YellowOneKinobi

Well, I wasn't talking about all rightwingers, but every time some good unemployments news come out, there are some rightwingers that seem angry about it and try their best to obscure the good news in as much negativity as possible. Sure, the unemployment number is falling somewhat sluggishly, but this is the second month where the numbers actually went down, showing that there is reason for cautious optimism.

But there are some people who don't want unemployment to go down because that would good for Obama in 2012.

Yeah, it's politics, but it's kind of dissapointing (though expected) to see regular people constantly playing politics. They don't really have any reason to. Atleast politicians have a personal interest in playing politics.

As long as it's the economy adding jobs, and not states or federal governments creating the jobs through public works, it's a good thing.

Keeping taxes low on businesses is really the only thing a government can do that's not to extreme during a recession. Some could also argue for increased tariffs and quotas on trade to promote nation wide businesses.

One must wonder, which is better for the country in the short term? Slightly higher prices as a result of increased demand of US made products, or lower prices at the possible cost of jobs.

Just things to ponder about.

Also with economics there is no such thing as a solution, only a compromise. An economic stimulus bill will have major compromises later. The government can't solve anything. The best thing they can do is tip the favor of the economy one way or another with taxes, quotas, and tariffs. They can't just pass a job stimulus bill and it will work. More often than not it doesn't work.

A lot of people refuse to believe that basic supply and demand economics do not work. They want to believe that there is a pure solution to the problem. That belief is exactly why economic politics are so messy.

[QUOTE="YellowOneKinobi"]

[QUOTE="GreySeal9"]

GreySeal9

Yeah, it's politics, but it's kind of dissapointing (though expected) to see regular people constantly playing politics. They don't really have any reason to. Atleast politicians hav a personal interest in playing politics.

[QUOTE="comp_atkins"]

[QUOTE="surrealnumber5"] who is that? i dont get it...surrealnumber5

[QUOTE="GreySeal9"]

[QUOTE="YellowOneKinobi"]

YellowOneKinobi

Yeah, it's politics, but it's kind of dissapointing (though expected) to see regular people constantly playing politics. They don't really have any reason to. Atleast politicians hav a personal interest in playing politics.

Well if I didn't convince you that my way is better, why the hell would you vote for me? This works for both sides. The right and the left have completely different ideas about how to approach the situation and they have to do the best they can to convince you their method is the best.

[QUOTE="GreySeal9"]

[QUOTE="YellowOneKinobi"]

YellowOneKinobi

Yeah, it's politics, but it's kind of dissapointing (though expected) to see regular people constantly playing politics. They don't really have any reason to. Atleast politicians hav a personal interest in playing politics.

And they've mostly done this through igniting culture wars instead of basing it on policy issues.