1 of 1- DollyLongstaff
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About Jobs and the Economy
Reuters:
U.S. employment increased solidly in March and wages rebounded, signs of economic resilience that could allow a cautious Federal Reserve to gradually raise interest rates this year.
Average hourly earnings increased seven cents. While the unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent, it was because more Americans continued to return to the labor force, a sign of confidence in the jobs market.
Money Magazine:
Average hourly earnings increased seven cents. While the unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent, it was because more Americans continued to return to the labor force, a sign of confidence in the jobs market.
The Atlantic:
The U.S. Economy Has Been Adding Jobs for 72 Straight Months.
Wall St. Journal:
Steady demand for workers is drawing more people back into the labor force.
When today’s report hits, keep an eye on the participation rate. The steady demand for workers is drawing more people back into the labor force. In February, the share of Americans participating in the workforce rose to 62.9%, off its near-40-year low of 62.4% reached last fall. More workers coming out of unemployment or entering the workforce for the first time are signs of optimism around job prospects.
FOX Business News:Without Earnings Growth, Expect Market Momentum to Fade.
Neil Cavuto's guest Stephen Leeb, CEO of Leeb Capital Management, said the short-term outlook for the market looks “okay,” especially with the March jobs report on tap for Friday morning.“Unless you get some kind of outlying number like no gain in employment and no gain in wages, or wages down, I think the market’s probably going to continue up, but not in a great fashion,” he said.
Leeb continued by saying he believes the U.S. economy is still “a mess,” with corporate earnings not in line with the market’s upward trend.
Last edited by DollyLongstaff (4/05/2016 5:42 am)
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- DollyLongstaff
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Re: About Jobs and the Economy
Yes He Can:
Obama Presides Over Record Setting 73rd Month of Job Growth.
The latest economic data released today showed that President Obama continues to smash records by presiding over a 73 straight month of private sector job growth.
Jason Furman, Chairman of the Council of Economic Advisers, said in a statement:
U.S. businesses have now added 14.4 million jobs over 73 straight months, extending the longest streak on record. Today we learned that private employment rose by 195,000 jobs in March. Total nonfarm employment rose by 215,000 jobs in March, in line with the pace of recent months and well above the pace necessary to maintain a low and stable unemployment rate given longstanding demographic trends in labor force participation, which CEA estimates at 80,000 jobs per month. The unemployment rate ticked up to 5.0 percent in March, while the labor force participation rate rose to 63.0 percent, reaching the same level as November 2013. Over the past six months, the labor force participation rate has increased by 0.6 percentage point, the largest six-month increase since 1992. Average hourly earnings for private employees increased 0.3 percent in March, more than reversing their drop in February, and have grown 2.3 percent over the past year.….The labor force participation rate rose to 63.0 percent in March, the same level as in November 2013, having risen 0.6 percentage point over the last six months. As this increase shows, the strengthening recovery has led more individuals to decide to enter the workforce and search for a job, which in recent months has more than offset longstanding declines in labor force participation from the aging of the U.S. population and other preexisting trends.
Last edited by DollyLongstaff (4/02/2016 7:17 am)
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Thread Starter- zeke
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Re: About Jobs and the Economy
Dolly, Thank you for posting this information.
- DollyLongstaff
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Re: About Jobs and the Economy
FOX's Stuart Varney claimed to have "reason to question the quality of the jobs in this latest jobs report."
On the April 1 edition of Varney & Co., Varney noted that 47,000 retail jobs had been created, claiming this means "High paid [jobs are] gone; low paid, here they come," but he neglected to mention that the construction and health care sectors added 37,000 jobs each.
Varney's disingenuous complaint fits a trend at Fox News, where on-air personalities continue to lament consistently improving economic data.
On November 6, Fox & Friends co-hosts Elisabeth Hasselbeck and Steve Doocy stumbled through a segment on the outstanding October jobs report, with Hasselbeck confusingly claiming that "only 271,000 jobs" had been created that month.
On December 4, in response to a strong November report that beat most economists' expectations, Varney still managed to conclude that the pace of job creation was "mediocre," and on January 8 he downplayed the December jobs report as merely "modest" even though it was the strongest jobs report of 2015.
Last edited by DollyLongstaff (4/03/2016 8:11 pm)
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Thread Starter- DollyLongstaff
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Re: About Jobs and the Economy
So what about that "job-killing" Obamacare?
Hospitals, doctors' offices and other healthcare settings added 36,800 jobs in March, representing roughly 1 out of 6 jobs that were created in the entire U.S. economy last month.
So it's creating healthcare jobs, and it's not killing any other jobs. That's pretty cool! And one of the reasons why you just aren't hearing many Republicans uttering that "job-killing" phrase all the time now. Read it and weep, GOP.
Obamacare passed in March 2010. The private sector hasn't lost jobs since.
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Thread Starter- Sam
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Re: About Jobs and the Economy
Funny how some Conservatives dismiss any growth as the "Obama Administration cooking the books". No matter what is reported or by whom, it's always the same answer. Somehow these people believe that the Obama Administration is so corrupt that everything good is a lie. 
Thanks Faux News.
- Spunky
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Re: About Jobs and the Economy
Yes, and I recently heard on one of the numerous Drumf 
interviews that these job numbers were all lies and that once he is president, he will straighten it all out...he is so delusional....and he knows that he's lying but his followers still believe....such suckers..
