Payrolls in U.S. Rose 162,000 in March; Unemployment at 9.7%

[Crabtownboy]

New unemployment rates were published today.

Employment in the U.S. increased in March by the most in three years and the unemployment rate held at 9.7 percent as companies gained confidence the economic recovery will be sustained.

Payrolls rose by 162,000 last month, less than anticipated, figures from the Labor Department in Washington showed today. The March increase included 48,000 temporary workers hired by the government to conduct the 2010 census, as well as job gains in manufacturing and health services.

The government revised January and February payroll figures up by a combined 62,000, putting the March gain at 224,000 after including the updated data. Caterpillar Inc. is among companies adding staff, indicating the recovery that began in the second half of 2009 is starting to foster the jobs needed to lift consumer spending and sustain the expansion.

“There’s a lot of good news in this report,” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, who had the closest forecast for payrolls. “We’re clearly on the recovery path. We expect to see this continue to build. We’re on our way.”

 

[Trotter]

New jobs, yes... but people are still being laid off. And a chunk of these "new jobs" are temp positions that will only last a few weeks so they are not actually anything other than a way for King Zero's spin doctors to fluff up the numbers

Fail.

 

[Crabtownboy]

New jobs, yes... but people are still being laid off. And a chunk of these "new jobs" are temp positions that will only last a few weeks so they are not actually anything other than a way for King Zero's spin doctors to fluff up the numbers

Fail.

I was not aware that Scott Brown and Ramon James Inc. are spin doctors for Obama.

“There’s a lot of good news in this report,” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, who had the closest forecast for payrolls. “We’re clearly on the recovery path. We expect to see this continue to build. We’re on our way.”

 

[Steven2006]

New jobs, yes... but people are still being laid off. And a chunk of these "new jobs" are temp positions that will only last a few weeks so they are not actually anything other than a way for King Zero's spin doctors to fluff up the numbers

Fail.

Even more importantly these numbers must be looked at in the context that about 1000,000 new workers enter the work force each month. So we are basically just treading water at this point, that is why the rate has been constant at near 10%.

On the positive side at least we are far from the huge job losses we had been seeing. This is the early stages of a very slow recovery, and most likely the unemployment levels will remain fairly high for the next ten years.

 

[Salty]

New jobs, yes... but people are still being laid off. And a chunk of these "new jobs" are temp positions that will only last a few weeks so they are not actually anything other than a way for King Zero's spin doctors to fluff up the numbers

Fail.

and many of those temp jobs are census takers - paid for by the US Taxpayer.

(remember some 30% of Americans paid ZERO DOLLARS in income tax!)

 

[targus]

I was not aware that Scott Brown and Ramon James Inc. are spin doctors for Obama.

Doesn't change the fact that 40,000 of the 162,000 jobs are just temporary.

How many of these are census workers?

 

[rbell]

I am curious...how many Census workers were hired? I wonder if they had any effect on the numbers...

I hope that folks can get back to work...although I'm skeptical that the policies being enacted are going to foster a climate favorable to new jobs (at least, new jobs that aren't paid for by taxpayers).

 

[Crabtownboy]

I am curious...how many Census workers were hired? I wonder if they had any effect on the numbers...

I hope that folks can get back to work...although I'm skeptical that the policies being enacted are going to foster a climate favorable to new jobs (at least, new jobs that aren't paid for by taxpayers).

According to Business Week the Census Bureau hired 48,000.



http://www.businessweek.com/news/20...-payrolls-shows-recovery-more-entrenched.html

 

[Salty]

According to Business Week the Census Bureau hired 48,000.



http://www.businessweek.com/news/2010-04-02/u-s-economy-gain-in-payrolls-shows-recovery-more-entrenched.htmlhttp://www.businessweek.com/news/20...-payrolls-shows-recovery-more-entrenched.htmlhttp://www.businessweek.com/news/20...-payrolls-shows-recovery-more-entrenched.html

So 1 out of 3 is for the Census!
So 162,000 minus 48,ooo censu = 114,ooo net - 100,000 normal jobs created = 14,ooo actual new jobs

 

[targus]

So 1 out of 3 is for the Census!
So 162,000 minus 48,ooo censu = 114,ooo net - 100,000 normal jobs created = 14,ooo actual new jobs

And those are only estimated numbers at that.

The actual real world number could well be a net loss of jobs.

 

[Crabtownboy]

And those are only estimated numbers at that.

The actual real world number could well be a net loss of jobs.

or a larger plus ... as is show with the Jan. and Feb. numbers. The number of jobs was found to be greater then first reported.

 

[targus]

or a larger plus ... as is show with the Jan. and Feb. numbers. The number of jobs was found to be greater then first reported.

The economy - especially jobs - is not going to turn around to any meaningful extent for years.

Especially now that companies are finding out how much the health care scam is going to cost them.

 

[rbell]

I think an important point needs making: It is dishonest to count government jobs in a "new jobs created" column (or at least to count them at a 1:1 ratio to private jobs)...because in order to create government jobs, a certain amount of private wealth must be confiscated.

 

[Salty]

And those are only estimated numbers at that.

The actual real world number could well be a net loss of jobs.

:tear:

At least I'm saying the glass is half full :smilewinkgrin:

 

[Crabtownboy]

I think an important point needs making: It is dishonest to count government jobs in a "new jobs created" column (or at least to count them at a 1:1 ratio to private jobs)...because in order to create government jobs, a certain amount of private wealth must be confiscated.

I doubt people getting those government pay checks would agree with you ... and they also pay taxes.

 

[Crabtownboy]

The economy - especially jobs - is not going to turn around to any meaningful extent for years.

Especially now that companies are finding out how much the health care scam is going to cost them.

That may or may not be true. Time will tell if you are a false prophet or not.

 

[Bro. Curtis]

The guy who accuses us of being shrill, just called someone a "false prophet" ?

 

[Crabtownboy]

The guy who accuses us of being shrill, just called someone a "false prophet" ?

Your reading skills are slipping. I did not call him a false prophet. I said time will tell if he is a false prophet concerning the economy. Big difference.

I will tell you this. There is money to be made in the stock market. This has been true for over a year. If you are interested I will tell you how. I will not give specific companies to buy. You have to do your own research. But I can tell you how to follow companies and make money. It is not that hard if you are willing to work at it.

I can show you a very simple method along with a web site where most of the work has and will be done for you following this method. You will loose some money. Nobody and no system is perfect. But if you follow the system carefully you will make much more than you loose.

There are two rules you must follow.

1. Never listen to a stock broker's advice or recommendations. They are pushing what their company wants pushed. Take my advice on this. Early on before I learned this rule I lost more money taking broker's advice that I did on my own.

2. Do your own research and make your own decisions.

If you are not willing to follow these rules, stay out of the market. You do not need much money to get started.

Following these two rules has served me very well through the years including this past year.

 

[Robert Snow]

So 1 out of 3 is for the Census!
So 162,000 minus 48,ooo censu = 114,ooo net - 100,000 normal jobs created = 14,ooo actual new jobs

At least it's and increase, and not a decrease!

 

[Robert Snow]

Your reading skills are slipping. I did not call him a false prophet. I said time will tell if he is a false prophet concerning the economy. Big difference.

I will tell you this. There is money to be made in the stock market. This has been true for over a year. If you are interested I will tell you how. I will not give specific companies to buy. You have to do your own research. But I can tell you how to follow companies and make money. It is not that hard if you are willing to work at it.

I can show you a very simple method along with a web site where most of the work has and will be done for you following this method. You will loose some money. Nobody and no system is perfect. But if you follow the system carefully you will make much more than you loose.

There are two rules you must follow.

1. Never listen to a stock broker's advice or recommendations. They are pushing what their company wants pushed. Take my advice on this. Early on before I learned this rule I lost more money taking broker's advice that I did on my own.

2. Do your own research and make your own decisions.

If you are not willing to follow these rules, stay out of the market. You do not need much money to get started.

Following these two rules has served me very well through the years including this past year.

I doubt old Curt will listen to you. After all, he basically lied about what you posted.

If I were younger, I would listen, but at my age, the stock market is taking too much of a chance with the little money I have. And, I probably won't live long enough to see any real return on my money.