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Employers added most jobs in 3 years in March - These C... - 4/2/2010 4:48:35 PM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		This story is about major companies that are hiring in significant numbers.

These Companies Have Been Expanding Their Workforces Aggressively Despite the Weak Economy

http://finance.yahoo.com/career-work/article/109233/hiring-hot-spots

114,000 jobs were from the private sector and 48,000 from the Census adding up to 162,000.
 
Employers added most jobs in 3 years in March - Yahoo! News

The nation's economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.

http://news.yahoo.com/s/ap/20100402/ap_on_bi_go_ec_fi/us_economy  
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RE: Employers added most jobs in 3 years in March - The... - 4/2/2010 6:01:23 PM   
servantforuse


Posts: 6363
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Status: offline 		The unemployment rate remains unchanged at 9.7 %. Even Timothy ( the tax cheat ) Geightner say it will not improve for at least a year.

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RE: Employers added most jobs in 3 years in March - The... - 4/2/2010 6:14:22 PM   
Thadius


Posts: 5091
Joined: 10/11/2005
Status: offline 		Expect to see increases in new jobs for another couple of months, the bulk of stimulus dollars is set to be spent during the Q2 of this year. Granted they are mostly going to be temp gigs, but they will be created. Just as in addition to the 48K census jobs created there were 40k temp jobs created last month, which means less than half of the new jobs are keepers.



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RE: Employers added most jobs in 3 years in March - The... - 4/2/2010 6:21:30 PM   
servantforuse


Posts: 6363
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Status: offline 		There will be 1.2 million part time census workers whose jobs will end in July or August. The Obama administration will not have an answer for 10% unemployment this Fall when the elections are here. Remember Bill Clinton...' It's the economy, stupid'...

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RE: Employers added most jobs in 3 years in March - The... - 4/2/2010 6:23:27 PM   
Thadius


Posts: 5091
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Status: offline 		Oh I agree about that. The thing is there are going to be news reports for the next 3 or so months claiiming success.... Who knows maybe the hype will help create some confidence, but it will be another bubble waiting to pop.

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RE: Employers added most jobs in 3 years in March - The... - 4/3/2010 6:17:32 AM   
housesub4you


Posts: 1879
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Status: offline 		But what about everyone on these boards who said "the government does not create jobs"

Even though they are the largest employer in this country

I think the more important info in the data is how the % not moved, so there is a leveling off

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RE: Employers added most jobs in 3 years in March - The... - 4/3/2010 8:48:55 AM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		Compared to losing 700,000 jobs a month with George Bush reasonable people would say the Democrats are doing just fine.

I think Republicans are asking for the return of the Fairness Doctrine.    Otherwise Democrats have to compete with
a well funded propaganda machine.


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RE: Employers added most jobs in 3 years in March - The... - 4/3/2010 8:51:45 AM   
Brain


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Status: offline 		I'm going to try it again with the picture




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RE: Employers added most jobs in 3 years in March - The... - 4/3/2010 8:57:18 AM   
Mercnbeth


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quote:

But what about everyone on these boards who said "the government does not create jobs"

Even though they are the largest employer in this country


The statement "the government does not create jobs" is pointed to revenue side of jobs.

Every government job created costs taxpayers money. Additional taxes must be generated to fund the job. In the private sector, where they can not print money, paying more taxes requires either cutting expenses (the #1 expense is employee), or raising prices.

A clearer and more accurate statement would be; "The majority of government jobs do not create revenue". IRS workers, including the thousands more being hired to enforce the payments of the new health care tax, I mean insurance premium, , being notable exceptions.

Now if everyone worked for and all goods, as well as services, were produced and distributed by the government that would be utopia - right?

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RE: Employers added most jobs in 3 years in March - The... - 4/3/2010 9:01:19 AM   
Musicmystery


Posts: 30259
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Status: offline 		Merc,

Agreed more or less (though you're combining personal and business taxes indiscriminately).

Your last sentence is quite a jump, though. Government handles some things better; business handles other things better.

It's why we have mixed economies.


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RE: Employers added most jobs in 3 years in March - The... - 4/3/2010 9:32:04 AM   
Mercnbeth


Posts: 11766
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quote:

ORIGINAL: Musicmystery
Merc,
Your last sentence is quite a jump, though. Government handles some things better; business handles other things better.

It's why we have mixed economies.

Oh yeah - the jump was on the scale of Evil Kenival and the Snake River!

However the more basic thinkers among us may see adding government jobs as the solution to unemployment when actually it is counter productive. More revenue can only be generated by the public sector, who must not only have a market for expansion, but the ability to fund any additional employees.

I thought it not necessary to distinguish personal from private or corporate sources of revenue, because I thought it understood, any personal tax revenue generated by a government employee is not adding to the revenue stream, it only repays a part of the original salary given to the government employee. The long term benefits and retirement tail earned by the government employees make it a total losing proposition and is the direct cause of the insolvency being experienced by California and other States encumbered by unfunded, and mandated, employee benefit retirement programs.

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RE: Employers added most jobs in 3 years in March - The... - 4/3/2010 9:40:11 AM   
domiguy


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quote:

ORIGINAL: servantforuse

The unemployment rate remains unchanged at 9.7 %. Even Timothy ( the tax cheat ) Geightner say it will not improve for at least a year.


You are so happy...You must be like a breath of fresh air to be around.

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RE: Employers added most jobs in 3 years in March - The... - 4/3/2010 7:43:02 PM   
Brain


Posts: 3792
Joined: 2/14/2007
Status: offline 		It's certainly not going to be easy cleaning up the mess Bush left.  Democrats have to stop allowing Republicans to intimidate them and they need to get their message out to the American people otherwise if Republicans take charge of the economy again the nation is doomed to failure.


Signaling Jobs Recovery, Payrolls Surged in March

Starting to reverse the loss of eight million jobs, American employers took on 162,000 more workers in March.

After losing eight million jobs since the recession began in December 2007, payrolls finally surged in March, the Labor Department reported on Friday. Employers added 162,000 nonfarm jobs last month. Nationwide, the unemployment rate held steady at 9.7 percent.

http://www.nytimes.com/2010/04/03/business/economy/03jobs.html?th&emc=th
 
President Obama toured the battery manufacturing company Celgard in Charlotte, N.C., on Friday. He called the employment report “the best news” in two years.


quote:

ORIGINAL: Thadius

Expect to see increases in new jobs for another couple of months, the bulk of stimulus dollars is set to be spent during the Q2 of this year. Granted they are mostly going to be temp gigs, but they will be created. Just as in addition to the 48K census jobs created there were 40k temp jobs created last month, which means less than half of the new jobs are keepers.







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RE: Employers added most jobs in 3 years in March - The... - 4/4/2010 1:19:06 AM   
Fellow


Posts: 1486
Joined: 9/21/2009
Status: offline 		People who still get unemployment benefits would not take these jobs. Noticeably most are close to minimum wage retail sale jobs.
Here is what well-known economic analyst Mish has to say about these happy news:
Final Thoughts
On the plus side: Job gained across the board, the first we have seen in years.

On the negative side:

   * Involuntary part-time employment increased by 738,000 workers in two months.
   * The number of long-term unemployed (those jobless for 27 weeks and over) increased by 414,000 over the month to 6.5 million.
   * 72,000 jobs this year are from census hiring. Those jobs will vanish by midsummer.
   * There is still no driver for jobs as housing and family formation are exceptionally weak.


All things considered, this report looks OK on the surface, and horrendous underneath.

Full analysis ( http://globaleconomicanalysis.blogspot.com/2010/04/jobs-increase-by-136000-unemployment.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29&utm_content=FeedBurner )

"Keep a positive attitude" mantra can be sometimes a bad advise. Quietly government officials (Summers recently in FT) try you to get used to the idea that at the end of the year (and in November in particular) we will face similar levels of unemployment compared to today. There is no driver for significant job creation. The government can easily create it but the current status quo is just too profitable for major corporations to disturb it.

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