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April Jobs Report: More of the Same
Topic Started: May 4 2012, 07:11 AM (252 Views)
Max
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Pickle barrel, pickle barrel, Kumquat!
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The April jobs report, released Friday morning, found that the U.S. economy created a disappointing 115,000 jobs for the month. On several levels, the jobs report offered more of the same.

(details of report@:SOURCE

Political football. The monthly jobs numbers have become a major political talking point — as well they should be. The election is only six months away. This report offers some fodder for both sides. The major presidential candidates will be asking citizens if they are better off today than they were four years ago. Plainly, the labor market isn't. But with each passing month of gains, the question becomes a bit more complicated. In April 2012, there were 111.02 million private sector payroll jobs in the U.S. That's higher than the 110.985 million total from January 2009. In other words, the private sector has clawed back all the jobs it shed under the Obama administration. Alas, there remains the problem of the 4.62 million jobs lost between December 2007 and January 2009. And in a nation whose population grows every month, simply treading water isn't good enough. Taking into account the public-sector job losses, there were 572,000 fewer payroll jobs in the U.S. in April 2012 than there were in January 2009.

Those who think poor jobs numbers dictate electoral destiny would be well advised to spend some time looking through the BLS Web site. When President George W. Bush entered office in January 2001, there were 132.466 million payroll jobs. In November 2004, there were 132.182 million payroll jobs. He was the first president in recent memory to be re-elected after having seen net job losses over the course of his presidential term.

SOURCE:YahooNews

What do think will happen with the economy between now and the Election?
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LarryOldtimer
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The Man!!!
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Unemployment is far higher than the lies from gubment say.

We now have the least number of jobs since 1961.

75% of the graduates from ASU have no job offers this year . . . even those graduating summa cum laude.
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