Posted on 05/08/2015 7:20:54 PM PDT by Olog-hai
Rebounding from a dismal start to the year, the U.S. economy added 223,000 jobs in April, a solid gain that suggested that employers are helping fuel a durable if still subpar recovery.
The job growth helped lower the unemployment rate to 5.4 percent from 5.5 percent in March, the Labor Department said Friday. That is the lowest rate since May 2008, six months into the Great Recession.
The figures provided some reassurance that the economy is recovering from a harsh winter and other temporary headwinds that likely caused it to shrink in the first three months of the year. Yet the bounce back appears to be falling short of hopes that growth would finally accelerate in 2015 and top 3 percent for the first time in a decade.
Most analysts foresee the economy growing about 2.5 percent this year, similar to the modest expansion typical of much of the 6-year-old recovery.
In its report Friday, the government revised sharply down its estimate of March’s job gain to 85,000 from 126,000. In the past three months, employers have added 191,000 positions, a decent total but well below last year’s average of 260,000.
“Job growth is going from great to good,” said Michael Feroli, an economist at JPMorgan Chase. …
(Excerpt) Read more at hosted2.ap.org ...
Not sure if your comment was even meant for me? Or you clearly didn’t understand my meaning in what I wrote.
Every depression/recession has resulted in the next generation providing some new innovation of significant nature to propel the United States and eventually the world to better life.
The educational system we have now is so riddled with liberal/progressive over concerns...that next generation of dreamers, seekers, and innovators has been lost. Malaise, economic malaise is our destiny for the next generation or longer....
I nominate gay marrage and microaggressions.
The country never had to go up against this big of a regulatory wall with respect to innovating, in its history. That of course includes the doctrinarian shift in education, but also in society.
Totally agree. And for that we, we are all responsible.
Why “all”? Are we all liberals?
Have you forgotten that for decades...there was a ‘silent majority?’
Reagan was one of the last to really stand up and his departing speech left it in our hands. Very few understood what he even meant.
We were blind and in many ways stupidly naïve to what was happening to the next 3 generations of our own children.
“Are we all liberals”...ask the kids and you’ll get an answer you likely don’t want to hear.
failure to thrive...
I’ve asked quite a few kids, frankly, and I would say that the answer is “not”. All depends on their parents, of course.
HORSEHOCKEY! Doesn't even keep up with population growth. Zimbabwe here we come.
Then I would suggest your view is too narrow, circle of ‘friends’ a bit to tight?
If I were to ask my nephew and his friends, things would come back distinctly conservative sounding.
But, as my nephew put it to me this last election cycle, ‘who is it that gives him the loans for school, who is it that provides healthcare for him and his kids, who is it that gives, gives, gives...government.
I think I probably was not clear. I didn’t mean the kids I asked were liberal-sounding. The closer one gets to the cities, though, the more liberal-indoctrined people of all ages get.
Most of us will see the complete collapse of our present economic system.
SOLID job gains??? Then why was the number just 85,000 a month ago?
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