"US economy adds jobs, but at modest rate; Analysts voice concerns over sluggish recovery" by Megan Woolhouse | Globe Staff, April 06, 2012
The United States economy added just 120,000 jobs in March, well below the employment growth of previous months, triggering worries among economists and business leaders that the economic recovery - already painfully slow - may be flagging.
What recovery? The top 0.001%?
The Department of Labor also reported Friday that the nation’s unemployment rate dipped slightly to 8.2 percent, the lowest since January 2009. But economists said the decline was largely due to unemployed Americans who had stopped looking for work and were no longer counted as part of the labor force.
The economy had added more than 200,000 jobs in each of the previous three months, and many economists had predicted that March would show the same gains. So the question for many economic observers was whether to view the lower-than-expected jobs figure as a blip in the ongoing trend of gradual employment growth, or as a more worrisome sign.
“This report should quiet those who said we will see 300,000 and then 400,000 in job gains,’’ Rogoff said.
“We were due to come back to earth a bit.’’ The March figures, Rogoff said, prove the economy is “still showing moderate growth.’’
Related: Sunday Globe Special: No One Takes the Boston Globe Seriously Anymore
I'd be laughing it I weren't so f***ing angry.
**********************************
The Obama administration issued a statement on the White House blog that seized on the increase in jobs in the nation’s beleaguered manufacturing sector. Factories added 37,000 jobs in March, according to the Labor Department, and the White House noted that since January 2010 there have been nearly 500,000 new jobs in the sector, which it termed a “revival.’’
Related: No Energy For Campaign
For the Boston Globe in general, and I'm sure my posts and commentaries are reflecting that. Just not into it anymore.
“There is more work to be done, but today’s employment report provides further evidence that the economy is continuing to recover from the worst economic downturn since the Great Depression,’’ wrote Alan Krueger, chairman of the White House Council of Economic Advisers....
(Blog editor just shakes his head)
Nariman Behravesh, chief economist at IHS Global Insight, a Lexington forecasting firm, cautioned against drawing any conclusions from yesterday’s numbers, saying monthly data tend to be volatile and could represent a fluke.
“My guess is.... ’’
(Blog editor snorts a pffft)
****************************
In its statement, the White House noted that some of the softness in the job market may be due to a loss of seasonal employment and the continued struggles of the construction industry....
At one of Boston’s largest building firms, Shawmut Design and Construction, hiring this spring is about on par with last year - some 100 new employees. Susan Ehrlich, Shawmut vice president, said the industry is still recovering from the hard hits of the recession and the housing bust.
The economy, Ehrlich said, is moving in “fits and starts and there’s still not a huge amount of confidence. People’s legs are still shaking. . . . I think the next three to five years are going to be tough.’’
Three to five years?
Hey, AmeriKa, YOUR ECONOMY is BROKE thanks to WALL STREET FRAUD, and all the geniuses at the Fed and in government can not fix it!
Yeah, I have no more energy for this slop because I'VE BEEN READING the SAME F***ING THING for FIVE F***ING YEARS!
Ronald N. Cogliano, president of the Merit Construction Alliance, a trade group based in Kingston, is optimistic hiring will improve in upcoming months as public works projects get underway, and a slate of proposed real estate developments break ground.
For now, though, the March jobs report was a disappointment.
“We’re supposed to be in a recovery after all,’’ Cogliano said.
Yeah, well, WE WERE LIED TO AGAIN!!!!
--more--"
Actually, the ANGER did produce some energy on the keyboard! Endless lying seems to have that effect on me.
