Skip to comments.US job market takes a break after hiring binge
Posted on 04/07/2012 8:08:08 AM PDT by Oldeconomybuyer
WASHINGTON (AP) The U.S. job market took a breather in March after its best hiring stretch since the Great Recession.
Still, few economists expect hiring to fizzle in spring and summer, as it did the past two years. And they blamed seasonal factors for much of Friday's disappointing report from the Labor Department.
The report was also closely watched in political circles. If employers retreat on hiring, consumers could lose confidence in the economy and potentially dim President Barack Obama's re-election hopes.
Government jobs, which declined by an average of 22,000 a month last year, fell just 1,000 in March. An improving economy is generating tax revenue and easing budget problems at city halls and statehouses across the country.
The job market had been on a recent roll. From December through February, the country added 734,000 jobs, an average of 245,000 each month. The only three-month stretch that was better since the recession ended was March through May 2010, when the government was hiring tens of thousands of temporary workers for the census.
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Thank you Associated Press.
What “hiring binge?”
Seasonal factors? Like what? an exceptionally mild winter and spring?
Hiring binge? LOL. All I see are closing storefronts and empty retail space. I’d think if more people were working they’d be keeping these businesses open.
Was trying to jive that type of description on today’s CBS Early Show with the facts of supposed 800,000 new jobs “created” the last four months while every week of those four months there have been around 350,000 new claims for unemployment insurance. It does not compute.
Read my tag line GOP and start attacking because that is the ONLY WAY to save the United States of America!!!!!
Joseph Goebbels would be proud of AP propagandist for coming up with the term “hiring binge”.
AP Economics Writer
I see lying numbers all the time.
Talk about lipstick on a pig.
"best hiring stretch since the Great Recession"??? We're STILL IN the "Great Recession". It may have been the best hiring stretch so far during the Obama Depression, but a "hiring stretch" that is too low to even match population growth is nothing a REAL reporter would crow about.
What hiring binge?
The one the media kept telling you about, that never really existed, silly!!
Keep up with the CURRENT TRUTH.
All that hirin’ jus’ wo’ that ol’ job market out.
FM: AP Management
Comrades, when composing any stories about the state of the US economy, remember that truth is irrelevant and your focus should always be on putting President Obama in the best possible light. Push, pull, squeeze, massage and fudge the numbers as necessary to help 'The One' get reelected. Be cheerleaders as if your job depended on it... it does.
More spin. They fail to mention that coming out of a recession with UE at 8-9%, a healthy recovery should be creating 300-400k jobs per month like Reagan (Reagan even hit 1 million one month). Not 100-200k. Those numbers are more in line with full employment, 5% UE, like during those bad Bush years.
Paul is anything but a “WISE MAN”
What a load of bs.
Maybe we should invest in Revlon - Lotsa pigs gonna need lotsa lipstick before the election in November...
Constantly lying on current reports while quietly revising past lies (for the record), and then blaming each little setback they can’t ignore on Bush, the weather, the holidays, disasters like Japan, or whatever excuse their 80 IQ constituents will believe.
On its *death bed*...
I live near a Norfolk Southern mainline, Five years ago, when you approached the crossing you could expect to be stopped by a train 1 out of 4 times. Today you might be stopped by a train once every two weeks. Don’t tell me about a “hiring binge”.
The MSM doesn't compose a story so much as they compost a story.
All that hirin jus wo that ol job market out.
You are far too kind.
I find it very odd that with the media’s self-styled “hiring binge” the number of adults leaving the workforce is at an all-time record. In other words, if these “discouraged job hunters” were included in the unemployment rate, that rate would be well above 10 percent rather than the 8.2 percent phony figure put out yesterday by the Labor Dept. It has always been an accepted “truth” of labor economics that as the economy recovers, the unemployment rate lags at a higher level because those discouraged workers who have left the labor force recognize the job opportunities and decide to jump back in and look for work; thus the denominator in the unemployment equation (the total US labor force) gets larger even though the numerator (those working) rises as well, keeping the unemployment “rate” or “percentage” at a higher level well into the recovery. This is the only “recovery” of which I”m aware where adults have been LEAVING the labor force in droves as the economy “improves” and they seem to be ignoring (or running from) the AP’s ongoing “tidal wave” of job creation. If there are so many new jobs out there, why does the level of adults in the US NOT looking for work keep increasing?
The recovery is bulimic. Watch out for the purge.
If the numbers don’t look good, rework the formula until they do!
Unemployed people who have quit even trying to find a job no longer count as unemployed?
Only in a socialist nanny state.
Total sycophants, every one of them. They are so far up Obama’s butt, they need mining helmets.
“A warm January and February allowed construction companies and other businesses that work outdoors to hire workers a few weeks earlier than usual, effectively stealing jobs from March. “
What a pant load.
Keynesian Paul Krugman sez we need MORE inflation to inflate away the debt.
A bunch of job-seekers became so discouraged they quit looking for a job.
Since the denominator for calculating the “unemployment rate” dropped from people simply quitting and giving up, the rate decreased.
Not exactly a hiring binge. Not where I come from. More like a historically terrible job market.
Remember that the number legal immigrants who enter the workforce each month is about 225,000 so anything less than that is going backwards. Also notice it took the Democrat cheerleaders in the media a full day to dream up their “taking a breather” bilge.
While they have the Fort Knox Gold for them in Zervos...