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More Jobs, Less Unemployment, Moderate Concern In New Job Numbers

More Jobs, Less Unemployment, Moderate Concern In New Job Numbers

Today’s jobs report shows that unemployment is still decreasing and more jobs are being created.  But is it happening fast enough, or is the slowdown a sign that the economic recovery is halting?

The 120,000 new jobs created last month came in far below the 200,000 jobs the administration anticipated, but still managed to bring the unemployment rate down slightly, to 8.2 percent.

Republicans, eager to keep a flailing economy alive as a campaign issue, say that’s just not good enough. House Majority Leader Eric Cantor released a statement saying, “The level of growth we are seeing isn’t enough to make a difference for the millions of Americans still out of work or families facing high gas prices and the uncertainty of a lagging economy. Job growth happens when small businessmen and women in this country have the ability to take risks, invest capital and start hiring new workers.”

Analysts, however, say that the one month lag may not signal as much as Republicans are claiming.  “Given that the report reflects only one month of data and some of the underlying cyclical sectors registered payroll gains, we do not view it as conclusively signaling a shift to a lower trend rate of employment growth,” Michael Gapen, a senior economist at Barclays in New York, told Reuters.

Although the March numbers were a disappointment, the Associated Press reports that “the economy has added 858,000 jobs since December — the best four months of hiring in two years.”

But concern for a faltering recovery, and that the latest numbers could make consumer confidence drop, creating a new cycle of low growth, is not unwarranted.  One month means little, but if it begins a new pattern of slow growth, the jobs picture could return to its former anemic pace.

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7:46AM PDT on Apr 17, 2012

Tax breaks for the“job creators,” cannot work in a “global economy.” The jobs being created are those being sent overseas. That is the incentive. Innovation and job creation won’t stop the artificial removal of jobs from the U.S. and therefore cannot create national prosperity. Education will not help either. The price differential for the educated is equally disparate and those jobs are already being sent over seas.

Corporations have over-powered our government which now believes that out-sourcing and off-shoring of U.S. jobs is inevitable and necessary with expectations that the middle class should fall on their swords. It is the underlying cause of the financial collapse and borders on national security with the loss of our middle class tax base. Yet, this nation does nothing, not even demand it be restricted or disincentivized by whatever method. International businesses are doing the UN-AMERICAN activity of destroying U.S. salaries, U.S. businesses that hire in the U.S., and as an end result, destroying the U.S. marketplace while still demanding BUSINESS ENTITLEMENTS and protections for themselves.

Infrastructure spending and tax breaks will not replace enough jobs to keep up with the hemorrhaging loss of U.S. jobs from out-sourcing over seas. Neither party will do anything about it without grass roots efforts of protest. If nothing is done we will deserve what we get and it will get a lot worse before it gets better.

1:10AM PDT on Apr 9, 2012

CONTINUATION . . .
. . . down to $2.50/gallon. Oops! My mistake. That wasn't the GOP but neutered Newty. Gas prices are controlled by market forces of supply and demand, as well as the futures market controlled by banksters (supported by the GOP and their love affair with big oil) to the tune of 40% of the cost of a gallon.

"invest capital and start hiring new workers" Mr Cantor. In what country? So far, the corporations and 1% have invested more in overseas operations. Let's face it, the Republican/Teabaggers want to break unions, cancel benefit plans and pensions, slash wages, and generallyput the work force back a hundred years.

I would suggest Eric "Ivan the Terrible" Cantor that before you open your mouth to make a statement that people can easily check out, you get your facts straight.

Mr Obama and the Democrats aren't perfect, but they have a lot more compassion for the common person than the obstructionist Republican/Teabaggers.

Vote Democrat and Vote Obama in 2012!!!!!

1:08AM PDT on Apr 9, 2012

From the article --- Republicans, eager to keep a flailing economy alive as a campaign issue, say that’s just not good enough. ... Eric Cantor released a statement saying, “The level of growth we are seeing isn’t enough to make a difference for the millions of Americans still out of work or families facing high gas prices and the uncertainty of a lagging economy. Job growth happens when small businessmen and women in this country have the ability to take risks, invest capital and start hiring new workers.”

Of course the Republican/Teabaggers want people to think that the economy is failing so that they can ride in on their trusted white steeds promising to move the moon and the sun for the people and all will be well! Well let's see, granted that the growth is lower than expected and unemployment figures likely don't include those whose benefits have run out, but there is still a decent growth since December 2011. I also read somewhere today (of course I can't find it now, try as I might) that the overall per centage of workers is the lowest since about 1980. Could that have anything to do with aging babyboomers?

And to the millions still out of work, let's remember the number of times that the Republican/Teabaggers sandbagged the jobs bill by tieing unrelated bills to it or by just saying no. I thought 'just say no' was a project to conquer illegal drug use!

And high gas prices! The Republican/Teabaggers have promised to drop the price of

3:16PM PDT on Apr 7, 2012

The government and main stream media always try to make jobs numbers look better than they are and inflation lower than it is. You have to look deeper to see what's really going on.

1) Like others have said official unemployment % is not a good measure since it intentionally does not count a lot of people. A better gauge is the labor participation rate which shows we have the lowest % working since 1983. http://data.bls.gov/pdq/SurveyOutputServlet

2) Trade deficit. If we add jobs but the trade deficit does not decline then those are not real jobs and it is not sustainable. This could indicate that the jobs created were from government stimulus rather than demand. http://www.mintpress.net/us-trade-deficit-rose-to-124-1-billion/

3) Government debt and deficit spending. They are still spending like drunken sailors.

4) FED money printing which leads to inflation. People are spending more because things cost more not because they want to or can afford to.

And that my friends is why we are not in a real recovery but another bubble that will burst.

12:02PM PDT on Apr 7, 2012

Yeah, the repugs screech; “where are the jobs!” and in the same breathe; “we must shorten the amount of time one can receive UI checks, and cut them off completely. Those on unemployment are lazy and need to get off UI and get back to work!”, “where are the jobs.” Then the loop starts over.

10:12AM PDT on Apr 7, 2012

noted

9:59AM PDT on Apr 7, 2012

The unemployment figures are inaccurate because they don't take into account the individuals whose unemployment benefits have already expired.

9:18AM PDT on Apr 7, 2012

We've hired quite a few new people at my company in the last several months. I do think things are getting better but it's a slow process. You can't fix eight years of outrageously wrong in four.

8:39AM PDT on Apr 7, 2012

0.1% increase, Those Billions spent on Obama's Stimulus Plan really paid off! lol

8:30AM PDT on Apr 7, 2012

Republicans repeatedly blame Obama for the failures they caused;
but progressives should not follow suit. Progressives should be as
reality-based about their politics as they are about science.
I agree 100% with the analysis in Kent's most recent comment.
I object to cherry picking these numbers, as some Administration
spokesfolk and other Dem's have been doing,. That kind of thing
can come back to bite one, as happened with Obama's embracing
the Tea Party's debt-and-deficit litany last year. Of course, the
neoliberals and corporatist Dem's always do that. Whatever neolibs
do or say, however, progressives should not adopt false GOP issue
framing. We should tell the truth, as Kent has done; it still makes the
GOP look like the Party of Privilege that it is.

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Colleen H. Colleen H. is an Online Campaigner with Care2 and a recent transplant to San Francisco from the East... more
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