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.
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.
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?
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.
I’m car shopping at the moment. If the economy was that bad then I’d see plenty of the types of cars I want at fire sale prices. It’s not happening that way.
We’re seeing the leading edge of the baby boomers starting to retire; I bet most of those 80,000 “cut” were actually early retirements or planned retirements. We can keep the same unemployment rate yet lose jobs at the same time, because there are fewer people looking for jobs.