Posted on 04/04/2008 5:40:53 AM PDT by kellynla
Economy lost 80,000 jobs in March, marking third straight month of declines, in latest sign of recession. Unemployment up to 5.1%.
(Excerpt) Read more at money.cnn.com ...
What was it under Clinton? Right around 5% and he was the greatest creator of jobs in history. Is it possible this is more media wishful thinking in order to cause the recession they hope for? Sad when the only way for the Dems to win is for us to lose a war or for the economy to tank.
Gee! No kidding??
3 months after Christmas, in the middle of the heaviest snowfall in decades Coast to Coast, (and still snowing in many places) wouldn’t have anything to do with that, would it??...
I don’t buy into this Chicken Little mentality that the media is spreading around. This stuff sells papers, but it also helps talk the Economy down even further.
I grant you it’s a bad time to be an investment broker, especially if you’ve been bundling crappy mortgages and selling them to unsuspecting Froggies...but otherwise things aren’t that bad, and when the weather finally breaks many of those jobs will be recovered...
That news may show up on page 7 in a 2-inch article at the bottom of the page.
Revisions to Jan and Feb make it roughly 150,000 for the quarter. The revision to January was over 300%, which indicates it takes about two months for the errors of the birth/death model to be filtered out of the data.
Clinton’s unemployment rate was 5.9% and was called GREAT!.
We are not in a recession or great depression, but if the MSM can convince everyone that the othger guy is doing badly even if you are doing ok yourself, then the electorate will vote for “change” next time and vote in dems. period.
Oh my gosh, the sky is falling, 5% unemployment? Run for your lives!
The Jan revision that came out today nearly tripled to the downside. The trend is clearly not going in the direction you envision. Since the gov't has no vested interest in publicizing worst-case scenarios, how do you reason that this is some sort of media-driven spectacle, since the numbers are coming direct from the Labor Dept?
“Don’t worry, Gov’t is always hiring. Gov’t employment is up!”
Exactly, and everyone knows YOU CAN’T GET FIRED working for the government. LOL
Who says Communism is dead. LOL
hahaha - keep on laughing. Looked at your 401k statement this quarter? Now THAT's funny!
The 80k number is the seasonally adjusted number, so theoretically, the fact that it is 3 months after Christmas should have no effect on the jobs number in a normal economy.
Sshhhhh. Don’t be spreading logic around here.
How much of that 80,000 is from the democrat socialist/welfare paradise of Michigan?
Businesses, productive citizens and young people (the future) are leaving by the semi load.
I didn’t think Michigan had any jobs left to lose
Don’t be fooled by the relatively low 4.8% unemployment rate. Other measures, such as the number of people only working part-time, are a sign of recession.
http://money.cnn.com/2008/04/02/news/economy/jobs_outlook/index.htm?postversion=2008040208
For one, there has been an increasing number of people who want to work full time who are only able to find part-time jobs.
There is also a rise in the number of those who have stopped looking for jobs because they’ve become discouraged by the weak market. Finally, there has been a decline in the number of employees working as independent contractors.
“You do see indicators of a softer market than just the raw [unemployment] numbers,” said Bill DeMario, chief operating officer of Ajilon Professional Staffing, a unit of staffing giant Adecco. “To some degree, we’ve already experienced some of the impact of a slowing economy.”
According to the February jobs report, there were 565,000 more part-time workers who wanted full-time jobs than a year ago. That’s a 21.1% jump in the number of those who are under-employed.
Does this mean that 80,00 fewer migrant workers will cross the border with their families?
Or are these “jobs” different than the “jobs” lost meaning that those who are unemployed could find SOME sort of employment?
Or is there a blacklist of those who are not fluent in Spanish?
...Then, 2 or 3 months from now there will be a quiet announcement that later figures showed an increase in employment for March...”
Is it my imagination or is this a pattern we now see of initial inaccurate reporting?? Is it sloppiness, or by design??
I think that everyone pretty much realized already that the 1st quarter was going to be negative. The question is what will happen in the second quarter. If it’s negative, then we’re in a recession. If not, then we’re not.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.