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More bad news - jobs grew by 209,000 in March

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YaHey

Apr 5, 12 6:20

Post #1 of 32 (1178 views)

More bad news - jobs grew by 209,000 in March	Quote \| Reply

Why, oh why, Obama are you doing this to our economy?

Company Payrolls in U.S. Grow by Estimated 209,000 WorkersEmployment increased by 209,000 for the month after a revised 230,000 gain in February, figures from ADP Employer Services showed today. The median estimate in the Bloomberg News survey called for a 206,000 increase.

http://www.bloomberg.com/...0-jobs-in-march.html

Robert

Apr 5, 12 6:40

Post #2 of 32 (1153 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

Just as Obama had nothing to do with the recession, how much has he had to do with the increase in job numbers? Because right wingers conflate cause and effect, must we do the same? Other than the stimulus money, what exactly has Obama done to increase job opportunities? In many instances, especially given his folding on last year's tax/budget fight, he's been on the wrong track.

-Robert
"How wonderful it is that nobody need wait a single moment before starting to improve the world." ~Anne Frank

YaHey

Apr 5, 12 6:43

Post #3 of 32 (1148 views)

Re: More bad news - jobs grew by 209,000 in March [Robert] [In reply to]	Quote \| Reply

The wrong track seems to be working out pretty well.

Robert

Apr 5, 12 6:54

Post #4 of 32 (1141 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

That begs the question, eh?

-Robert
"How wonderful it is that nobody need wait a single moment before starting to improve the world." ~Anne Frank

Oldnewdad

Apr 5, 12 7:23

Post #5 of 32 (1109 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

You consider this jobs recovery to be working out pretty well? Interesting.

YaHey

Apr 5, 12 7:39

Post #6 of 32 (1099 views)

Re: More bad news - jobs grew by 209,000 in March [Oldnewdad] [In reply to]	Quote \| Reply

yes, the recovery is working out owesome. Business is great, housing picking up, and more.

You still unemployed?

Oldnewdad

Apr 5, 12 7:48

Post #7 of 32 (1093 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

Weak retort as always, just like this awesome recovery. Nicely employed and always have been, by the way. Thanks for asking.

Oldnewdad

Apr 5, 12 7:49

Post #8 of 32 (1092 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

By the way, was that a Freudian slip. We do indeed "owesome" many trillions. Wait for it..........Thanks Obama!

(This post was edited by Oldnewdad on Apr 5, 12 7:58)

LeisurelyOnTwo

Apr 5, 12 10:25

Post #9 of 32 (1043 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

Isn't it all relative, isn't it? What did the last guy get us? And in 8 years?

Those who lead a broken system seem to be broke themselves...

YaHey

Apr 5, 12 10:55

Post #10 of 32 (1023 views)

Re: More bad news - jobs grew by 209,000 in March [Oldnewdad] [In reply to]	Quote \| Reply

So, you are nicely employed and still bitchin about the recovery? Wassup wit dat?

TheForge

Apr 5, 12 10:55

Post #11 of 32 (1023 views)

Re: More bad news - jobs grew by 209,000 in March [LeisurelyOnTwo] [In reply to]	Quote \| Reply

Were these so-called green jobs?

JSA

Apr 5, 12 11:58

Post #12 of 32 (997 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

Great report, Donkey. From your own posted article -

�A wide range of indicators suggests that the job market has been improving, which is a welcome development indeed,� Federal Reserve Chairman Ben S. Bernanke said last week. �Still, conditions remain far from normal, as shown, for example, by the high level of long-term unemployment and the fact that jobs and hours worked remain well below pre-crisis peaks.�
_______________________________________________

�If there are no dogs in Heaven, then when I die I want to go where they went.� - Will Rogers

Emery's Third Coast Triathlon | Tri Wisconsin Triathlon Team | Push Endurance | GLWR

YaHey

Apr 5, 12 12:26

Post #13 of 32 (980 views)

Re: More bad news - jobs grew by 209,000 in March [JSA] [In reply to]	Quote \| Reply

I am going to teach you a new word - recovery.

Look it up. It's a good word.

Oldnewdad

Apr 5, 12 13:49

Post #14 of 32 (956 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] (Deleted by Oldnewdad) [In reply to]

JSA

Apr 5, 12 18:51

Post #15 of 32 (916 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

the Donkey wrote:

I am going to teach you a new word - recovery.

Look it up. It's a good word.

I'm sorry, I do not have my Team Donkey dictionary with me. What does that word mean in your world?
_______________________________________________

�If there are no dogs in Heaven, then when I die I want to go where they went.� - Will Rogers

Emery's Third Coast Triathlon | Tri Wisconsin Triathlon Team | Push Endurance | GLWR

AnthonyS

Apr 5, 12 19:02

Post #16 of 32 (912 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

Viva los McJobs!
--------------------------------------------------------

You will remain the same person, before, during and after the race. So the result, no matter how important, will not define you. The journey is what matters. ~ Chrissie W.

dannynoonan

Apr 5, 12 20:10

Post #17 of 32 (896 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

YaHey wrote:

I am going to teach you a new word - recovery.

Look it up. It's a good word.

Recovery- when over the course of four years enough people give up looking for work and drive the unemployment rate from 9% to 8.7%.

Oldnewdad

Apr 6, 12 6:42

Post #18 of 32 (847 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

The headline of this thread is unintentionally accurate, except for the number. The OP, in yet another thread, inadvertently makes the case for those he apparently intends to oppose. Thanks, Yahey!

big kahuna

Apr 6, 12 6:45

Post #19 of 32 (841 views)

Re: More bad news - jobs grew by 209,000 in March [dannynoonan] [In reply to]	Quote \| Reply

Let's see: March jobs report from the BLS says 120,000 jobs -- which was half what it was the previous month -- and the media is saying "hiring slowed dramatically in March." They also say "unemployment falls," but if you look at why, it's because the labor force participation rate declined a tenth of a point. More people dropping out of the workforce means fewer people being counted in the magical-thinking formula that BLS uses to gin up its monthly figure. The report says that, in toto, the labor force shrank by 164,000 workers, "mostly due to white women leaving the market" (CNN, 2012). What's bad is that the Gallup numbers due up next will probably come in looking even worse.

Here's some more from that "positive" jobs report

- Overall, the job market is still not out of the deep hole left by the financial crisis. Of the 8.8 million jobs lost, about 3.6 million have been added back.

- About 12.7 million Americans remain unemployed, and 42.5% of them have been so for six months or more.

What's that saying that Barack Obama once used on Hillary Clinton? Something about trying to put lipstick on a pig?

http://money.cnn.com/...report-unemployment/

Billabong

Apr 6, 12 6:47

Post #20 of 32 (840 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

YaHey wrote:

I am going to teach you a new word - recovery.

Look it up. It's a good word.

We are going to teach you something, its called validate you information. Here are the stats from the Obama never does anything wrong newspaper.

http://www.nytimes.com/...ch-report-shows.html Only is a relative term

All I Wanted Was A Pepsi, Just One Pepsi

http://teamredwhiteandblue.org/

chainpin

Apr 6, 12 6:52

Post #21 of 32 (839 views)

Re: More bad news - jobs grew by 209,000 in March [YaHey] [In reply to]	Quote \| Reply

Yahey, please explain yourself.

"I really wish you would post more often. You always have some good stuff to say. I copied it below just in case someone missed it." BarryP to Chainpin on 10/21/06

big kahuna

Apr 6, 12 6:55

Post #22 of 32 (830 views)

Re: More bad news - jobs grew by 209,000 in March [chainpin] [In reply to]	Quote \| Reply

chainpin wrote:

Yahey, please explain yourself.

Where did he get that 209,000 figure? That was the guesstimate that many so-called "experts" were forecasting, but the 120,000 actual figure turns out to be much lower.

big kahuna

Apr 6, 12 6:57

Post #23 of 32 (825 views)

Re: More bad news - jobs grew by 209,000 in March [big kahuna] [In reply to]	Quote \| Reply

And those doom-and-gloomers from Zero Hedge had this to say:

March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. Futures slide, for at least a few minutes before the NEW QE TM rumor starts spreading. The household survey actually posted a decline in March from 142,065 to 142,034.

Considering Birth Death added 90K to the NSA number, the actual number was almost unchanged. And as always, as we predicted when Goldman hiked its NFP forecast yesterday from 175K to 200K saying �if Goldman�s recent predictive track record is any indication, tomorrow�s NFP will be a disaster�, Goldie once again skewers everyone. Finally, Joe LaVorgna�s +250,000 forecast was just 100% off� as usual.

The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.

iRan

Apr 6, 12 7:35

Post #24 of 32 (799 views)

Re: More bad news - jobs grew by 209,000 in March [big kahuna] [In reply to]	Quote \| Reply

"mostly due to white women leaving the market"

Is it funny or ironic that this is a significant factor in the same week that polling is released that says that women are supporting BHO in large numbers...

Brownie28

Apr 6, 12 7:41

Post #25 of 32 (794 views)

Re: More bad news - jobs grew by 209,000 in March [Billabong] [In reply to]	Quote \| Reply

I love how the Times attempts to sugarcoat the numbers, even as they spell out the slow rate of recovery:

Quote:

Assessing the job gains over time takes on added importance because the Fed �is reaching the point where it will need to decide just how �full� full employment really is,� wrote Steven Blitz, chief economist of ITG Investment Research, in a research report this week.
In other words, Mr. Blitz said, even 200,000 new jobs a month is less than what should be expected two years into a recovery. If the jobs numbers keep coming in at the levels seen in the past few months, he said, the Fed might have to consider raising interest rates.
�It is recognizing that the economy has downshifted to a different level of growth in terms of full employment, and normalizing policy sooner than they would have thought was necessary.�
Unemployment has been a focus of the presidential election campaign, and signs of sustained improvement could work in President Obama�s favor as he appeals to voters that his policies are bearing fruit. Republicans have cast his efforts as too little, too late.

Um...isn't the last highlighted text null given what was quoted above? Where are these 'signs of sustained improvement' that work in Obama's favor when they had just pointed out that we may have a new level of 'full' employment and the 200,000 job benchmark--which wasn't reached in March--is lower than expected two years into a recovery? All signs point to a slow recovery and it's possible that 8%--which is a number the Obama administration said we'd never reach if we passed his glorious stimulus package--is the new norm, yet these are somehow indicators working in Obama's favor? Color me confused.

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