Skip to comments.Job Creation Expected In March As Recovery Builds
Posted on 04/02/2010 3:35:41 AM PDT by edpc
WASHINGTON The economy is likely to have added jobs last month for only the second time since the recession began 27 months ago.
That, economists say, would mark a significant turning point in the recovery. It would mean the worst is over and that more job creation could be on the way in the months ahead. But, it does not mean enough new jobs are being created to bring down the unemployment rate.
(Excerpt) Read more at news.yahoo.com ...
That would leave a respectable 40,000 new jobs created by private employers. Much of the gains are likely to come from the health care and temporary help industries.
Only the AP would consider a paltry 40K gain "respectable." I see they're still blaming the weather for the early year numbers.
Choco Rations have increased from 20 to 25 grams!/s
**Rolling Eyes** Those numbers are highly anemic, seasonal non-farm jobs that always pick up this time of the year, and drop in November. It’s construction. Obama didn’t make the winter go away.
Given the number of new people entering the workforce every month, this does not seem possible. I cannot imagine the manipulation that must be taking place. Makes Enron accounting look amateurish.
Census hiring to lift March payrolls
Nice. Jobs that produce nothing being paid for with borrowed money.
I don’t know what planet these guys are on, but Scotty forgot to beam them up...
I guess we’ll have to endure seeing the word “unexpected” again in a month when their magical recovery fails to materialize for the upteenth time.
Happy Days Are Here Again! Brother can you spare a dime?
As if that's not the case now?! How many people who have been laid-off recently actually found a new job making equal or better pay than the one they were laid-off from?
I lost my job last fall, still have had no luck finding anything, and I have no realistic hope whatsosever of ever again earning the kind of 6-figure income I made from my last job. So even when I do find new work, I'll become a positive employment statistic but it will still be a net loss for the economy because I'm downwardly-mobile (as is pretty much the whole country).
There is no recovery!
LOL. Why do people still take anything economists say seriously? The past couple of years of them telling us we're in a "recovery" should have eliminated any sort of credibility these charlatans thought they had.
I will be lucky to find a job making a third of what I made before doing the work of multiple people who were also laid off. If I could get a response to a resume that is.
Where are these burger jobs? I can cook.
Wait a minute! Ain’t it April????
Yeah and just barely. A huge, bloated government that can’t do anything right or anything quickly somehow manages to tabulate March employment numbers (favorably in their minds) in 48hrs. Imagine that!
The saga of Barack in Wonderland continues.
So in a month we will see a revised report where the jobs numbers dropped “unexpectedly” again? ;-)
In this case "recovery" is to the present economy as "peace process" is to the Middle East.
ACORN (or whatever they're calling themselves these days) doing legwork for the DNC on TARP money is not a recovery.
And used to sell the public on a fantasy "recovery".
census jobs, all temporary in nature and even counting these the job creation is well short of the 200,000 or so needed each month simply to stay even with the ever expanding work force.
What happens in September when the million people hired for the census are laid off? How will the libs manage to hide this massive job loss?
And this guy see’s US unemployment rate headed to 10% ad above by late in the year when all these Census workers are laid off.
The private ADP Report says
he ADP National Employment Report
March 2010 Report
Nonfarm private employment decreased 23,000 from February to March on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from January 2010 to February 2010 was revised down slightly, from a decline of 20,000 to a decline of 24,000.
The March employment decline was the smallest since employment began falling in February of 2008. Yet, the lack of improvement in employment from February to March is consistent with the pause in the decline of initial unemployment claims that occurred during the winter.
FR saw many an acrimonious exchange a few years ago.
This time the president is a Democrat so Democrats and the state controlled media (SCM, pron'd: SCAM) will tout the household survey's gigantic numbers v. the establishment (payroll) numbers obtained from the survey of 400,000 businesses who actually have paid workers.
For the household survey of 60,000 households the employed "Includes the unincorporated self employed, unpaid family workers, agriculture and related workers, private household workers, and workers absent without pay."
The payroll survey of 400,000 establishments is derived from Unemployment Insurance tax records that nearly all employers are required to file.
"The payroll [establishment] survey provides a highly reliable gauge of monthly change in nonfarm wage and salary employment. . . . The household survey provides a broader picture of employment [paid for work or not] including agriculture and the self employed."
The household survey's numbers can be in the hundreds of thousands more than the establishment (payroll) survey's numbers. Thus Democrats and the state controlled media (SCM, pron'd: SCAM) will tout the household survey's gigantic numbers and ignore the more accepted payroll numbers.
More cover for Obama by lame stream media.
WALL STREET JOURNAL * APRIL 2, 2010
Long-Term Unemployed Cloud the Jobs Picture
BY GERALD F. SEIB
New jobs numbers will be released Friday morning, and they are expected to show, at last, some significant job creation. A cheer will go up at the White House at this sign that the long climb out of the recession’s unemployment hole may have begun.
But any cheering will be tempered by nagging concern over an insidious problem lurking within the numbers: the startling number of Americans who have fallen into the ranks of not just the unemployed, but the long-term unemployed.
The rolls of long-term unemployeddefined as those unable to find a job for six months or longerare swelling because of the peculiar causes and character of this deep recession. The consequences are troubling: The long-term unemployed tend to be especially hard to get back into jobs, and they generate their own set of social problems.
President Barack Obama and his team are particularly worried about the phenomenon, and have set out to find ways to combat it. But they’re finding policy prescriptions limited by politics and money.
Data from the Bureau of Labor Statistics tell the grim story. The number of long-term unemployed in February rose to more than six million, fully double the number one year earlier.
Just over 40% of Americans out of work now fall into the category of long-term unemployed. More startling, the problem is markedly worse in this recession than even in the deep slide of 1981 and 1982.
During that painful recession, the overall unemployment rates were just as bad as now, but the problem of the long-term unemployed was far less acute. At the peak of the unemployment scourge in 1981 and 1982, the share of jobless Americans classified as long-term was 26%, compared to the 40% today. (The numbers would actually be worse if they included those who have simply dropped out of the work force in frustration.)
When the pResident falls, the AP picks him up with their lies..
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