http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=5073753 Unemployment rate drops to 5.6% and in April 288,000 jobs were created. March payroll number revised upward to 337,000 and February payroll number revised upward to 83,000.
I look forward to members of the left explaining how this is actually terrible news for the Bush Administration. They are no doubt doing back flips over at the Kerry camp over this.
http://story.news.yahoo.com/news?tm...07/ap_on_bi_go_ec_fi/economy&cid=668&ncid=716 "The economy has rebounded strongly, but companies, under intense pressure to compete globally, have been holding down their costs by working employees harder instead of hiring new ones. That appears to be changing, though critics note that job gains are occurring in the lower-paying service sector at retailers and restaurants, and in temporary employment firms." Four more years of Bush and we'll all be saying "You want fries with that?"
Can't you guys get an original idea. I heard this same crap for 8 years when Reagan was President. All the liberals ever said was that we were all going to be flipping each other hamburgers as they decried the rise of jobs in the service sector. LIBERALS=CLUELESS!
Yes, one month of good job growth wipes away the negative job growth of the last 3 years. In the words of Lil' John, "OK"! If you had a 1 year contract with a broker, and after your portfolio dipped 50% in the first 3 quarters, and then rebounded 15% in the last quarter, would you keep him?
Jan: 118,000 Feb: 87,000 Mar: 338,000 April: 287,000 Over 800,000 jobs in four months. On top of the 300,000 created in the last quarter of 2003.....
And still on track for a net job loss for his time in office, after he promised us that his plan would create a gain of millions of jobs. Then he backed away from his own prediction and blamed his economic advisors. What a flip-flopper! Not only that, but the jobs that have been created are mostly lower paying, lower or no benefit McJobs, some of them part time. You can cover your ears and go "LA LA LA I can't hear you! LA LA LA!" but the fact is that most Americans are not better off now than they were three and a half years ago.
1) Expect these forecasts to be revised downards. 2) This from the same President that backed away from his predictions of a million new jobs. 3) We'll have negative job gains for the first time since Hoover. What your numbers do above is called "lying with statistics". You're taking 4 months as if they're a representative sample. Bush is running for President. His term would be 4 years. Thus, lets see what he's done over 4 years.
I was referring to April specifically. You'll have to pardon my skepticism, but practically every rosy projection Bush has ever made has been revised down. Flip. Flop.
Not me. I am very happy. I still think Bush should get a big kick in the ass out of the White House. Guess that makes me just about the most complex, interesting guy you know, eh Colin?
Never let the FACTS get in your way... From CBS Marketwatch.com March's payroll gains were revised higher from 308,000 to 337,000. February's job gains were also revised higher. Job growth, up eight months in a row, has averaged 217,000 a month so far in 2004. Since August, payrolls are up 1.1 million. At this rate, he will have a job surpluse come November. Not bad in light of the inherited recession, the tech bubble and 9/11.
Are you talking about the United States? Maybe it is different where you live, but here in California the people who work in fast food places serving french fries are teenagers and students in entry level positions. When I first came to the US I worked at a fast food place to help pay part of my college tuition. I was making minimum until they made me assistant manager. (I know, I wasn't supposed to work with my student visa, but ce la vie, it was the type of job where they overlook that type of stuff). Now I have my own business, and I started with nothing. While it isn't always easy, I have more than I ever dreamed of. That is America, the land of opportunity.. And based on what I see with my own eyes, I don't think things have changed in regards to who works those 'have some french fries' types of jobs. Some of those kids will be tomorrow's business leaders. So don't demean your own country with **************** just to come up with political smack.
So does the Fed hike rates or not? They will almost have to before November. The economy has more of a chance to heat up than "double dip" at this point. Also wait for deficit projects to go down by more than $100 billion and other good news to come out WRT the economy. We need that deficit to go down NOW as China may cause a run on currencies in the next few years. We'll have to see how the exchange markest react to China next week. The trouble may come sooner rather than later.
Should Bush's policies be held accountable for the entirety of his Executive tenure, or for the last four months? If the numbers change again between now and November, is Bush repsonsible for those, or not?
Job creation (or the lack thereof) is in my bottom five reasons why Bush needs to go. See, I don't actually think the president has much control one way or the other. Me, I want Dubya gone because 1) he's a moron and 2) he's an idiot and 3) because of 1 & 2, at least 700 Americans have died in a useless war. I don't need to know anything else.
The trend was downward when Bush took office, then 9/11 hit which delayed the recovery, but now the trend is upward. It's not how you start, it's how you finish...ask Ronald Reagan in 1984.
A manager in my company's mechanical design group told me today that if I know any good mechanical designers with Ansys experience that he wants to see their resume ASAP.
From today's column by Robert Novak: The Bush Administration has been alerted that Chairman Alan Greenspan will guide the Federal Reserve Board to a small interest-rate hike before the presidential elections and President Bush is reported to be satisfied. According to these sources, the central bank this fall will raise the federal funds (interbank lending) rate from the current historic low of 1% up to 1.25%. The Fed is expected to push the rate to 1.5% later this year after the election and up to 2% early next year. Typically, Greenspan's public statements have been so difficult to interpret that Fed watchers have disagreed in their predictions of future action. But the administration has been assured that interest-rate increases will not affect the election outcome.