March Jobs Report

[Joe Biden 2020]

We are getting close to the end of the month of March, which means the monthly jobs report is getting closer.  What do you think the report will show?

Also, a question that I don't know, The reports are always issued on the first Friday of the month and the first Friday of April is on the 1st, so will the report be released on April 1 or 8 to give it time for the data to be tabulated?

[Tender Branson]

We are getting close to the end of the month of March, which means the monthly jobs report is getting closer.  What do you think the report will show?

Also, a question that I don't know, The reports are always issued on the first Friday of the month and the first Friday of April is on the 1st, so will the report be released on April 1 or 8 to give it time for the data to be tabulated?

BLS says April 1 for the March numbers.

BTW, I'd say about 250.000 jobs were created and the rate is down to 8.7%

[○∙◄☻¥tπ[╪AV┼cVê└]

If it's April 1st, maybe they can announce that the number of jobs is the same as it was in January 2008. I wonder how many people that would fool.

[krazen1211]

Looks like things are much better now that the whiners are out of power.

http://www.huffingtonpost.com/2011/02/17/gop-job-creation_n_824447.html


They're eating crow for sure.

[memphis]

Numbers are in. Unemplyment is at 8.8% with 216,000 new jobs. I'm skeptical that we can get a sustained recovery with gas prices as high as they are.

[Joe Biden 2020]

I fear that myself, memphis.  The gas prices and the middle east uprising is the big elephant in the room.  I hope you and me are both wrong, but I fear that at the very least, the growth may be slowed down over the next few months.

[Ban my account ffs!]

Numbers are in. Unemplyment is at 8.8% with 216,000 new jobs. I'm skeptical that we can get a sustained recovery with gas prices as high as they are.

It's remarkable just how 1920s our economy is right now.  Food and gas prices might just be the harbinger of doom.

I mean.. think about it:  Low taxes, government services and support being slashed, insane speculation just looking for something to exploit (food, oil).. middle class languishing, suffering from high unemployment, wage declines, and a major housing glut.... while the rich live in a "roaring" economy of their own protected from the masses.

Our economy is one enormous ponzi scheme... and when it goes.... God help us.

Right now the only glimmer of hope is that the dollar keeps weakening at a steady rate while our own domestic energy sources grow.  Manufacturing has been all but beaten to death in this country... but it is promising that they are making up a decent chunk of the job growth pie.  And when a country makes things out of resources it produces itself... things go better.

[Ban my account ffs!]

One more thing to post:

The rise in commodity prices has been extremely good for the economy in northern Minnesota.  The Iron Range is now running at full capacity and the mining companies are hiring.  It's hard work... but with strong union representation, you can easily pull in $30-35/hour with good benefits in an area that has close to the cheapest cost of living in the U.S.

The companies are moving forward with expansion plans, including building steel mills to produce the steel at the site of the mines before being shipped to Duluth and then out to the oceans.

Minnesota taconite is seeing strong demand for its high quality and is starting to beat out as-of-late winners in Australia and Brazil in the Asian markets (particularly China).

[Sbane]

Looks like things are much better now that the whiners are out of power.

http://www.huffingtonpost.com/2011/02/17/gop-job-creation_n_824447.html


They're eating crow for sure.

Lol it can't have anything to do with the business cycle huh? People way overestimate how influential the government is when it comes to the economy.

[courts]

Numbers are in. Unemplyment is at 8.8% with 216,000 new jobs. I'm skeptical that we can get a sustained recovery with gas prices as high as they are.

It's remarkable just how 1920s our economy is right now.  Food and gas prices might just be the harbinger of doom.

I mean.. think about it:  Low taxes, government services and support being slashed, insane speculation just looking for something to exploit (food, oil).. middle class languishing, suffering from high unemployment, wage declines, and a major housing glut.... while the rich live in a "roaring" economy of their own protected from the masses.

Our economy is one enormous ponzi scheme... and when it goes.... God help us.

Right now the only glimmer of hope is that the dollar keeps weakening at a steady rate while our own domestic energy sources grow.  Manufacturing has been all but beaten to death in this country... but it is promising that they are making up a decent chunk of the job growth pie.  And when a country makes things out of resources it produces itself... things go better.

Of course, it's the result of extremely loose monetary policy designed to shift wealth to large banks (and thus the super-rich) as quickly as possible to the point where they reached the level of audacity that they simply outright give money to the banks by the trillions to speculate with on debt schemes like CDS and the derivatives you're complaining about. Plus you have the more petty forms of corporate welfare such as the military-industrial complex, prison-industrial complex (war on drugs + 'privatized' prisons), farm subsidies, "green" subsidies (why GE is paying no taxes), etc.

Meanwhile, middle-class people are completely shut out of the ability to acquire upwards mobility due to extremely burdensome and nonsensical regulations that make it impossible to finance any just about useful startup on an average person's salary. That's why you see such a huge number of restaurants opening, despite over two thirds of them failing - it's one of the few areas in which an average person can still scrounge up enough funds to start a business despite all the mandates, fees, and taxes the government imposes. And even that's being threatened increasingly thanks to inane requirements like this 'calorie counting' crap and 'parking requirements.' Even the college industry as is, amounts to a perverse incentive to discriminate against those with only community college or minor technical training and make people take on escalating levels of debt..

[tpfkaw]

Of course, it's the result of extremely loose monetary policy designed to shift wealth to large banks (and thus the super-rich) as quickly as possible to the point where they reached the level of audacity that they simply outright give money to the banks by the trillions to speculate with on debt schemes like CDS and the derivatives you're complaining about. Plus you have the more petty forms of corporate welfare such as the military-industrial complex, prison-industrial complex (war on drugs + 'privatized' prisons), farm subsidies, "green" subsidies (why GE is paying no taxes), etc.

Meanwhile, middle-class people are completely shut out of the ability to acquire upwards mobility due to extremely burdensome and nonsensical regulations that make it impossible to finance any just about useful startup on an average person's salary. That's why you see such a huge number of restaurants opening, despite over two thirds of them failing - it's one of the few areas in which an average person can still scrounge up enough funds to start a business despite all the mandates, fees, and taxes the government imposes. And even that's being threatened increasingly thanks to inane requirements like this 'calorie counting' crap and 'parking requirements.' Even the college industry as is, amounts to a perverse incentive to discriminate against those with only community college or minor technical training and make people take on escalating levels of debt..

This, plus the US government maintaining a permanent criminal underclass with its insane "war on drugs" that has now put more people in prison than were in Stalin's gulags at their peak, murdering with impunity, and forcing millions of non-violent "criminals" (after serving out their draconian sentences) permanently out of the labor market, so that they can remain safely caged within the prisons and the cities, without whites having to worry about them taking their jobs or moving next door.

[Marokai Backbeat]

Looks like things are much better now that the whiners are out of power.

http://www.huffingtonpost.com/2011/02/17/gop-job-creation_n_824447.html

They're eating crow for sure.

What does that article have to do with anything? Like Sbane I do think that people on both sides tend to overestimate the effect the government can have on the economy sometimes, but alot of this article talks about the budget and it's potential impact, which remains to be seen since there's no budget agreement at all yet, the effects of spending cuts that remain to be seen so far, and the GOP not doing anything that directly affects jobs, which is a fact. There's nothing to "eat crow" about there.

[memphis]

Yes, the problem with the American economy is that the middle class is unable to acquire enough debt

[Person Man]

Yes, the problem with the American economy is that the middle class is unable to acquire enough debt

Sounds pretty ed up, but' that's pretty much it.

[krazen1211]

Looks like things are much better now that the whiners are out of power.

http://www.huffingtonpost.com/2011/02/17/gop-job-creation_n_824447.html


They're eating crow for sure.

Lol it can't have anything to do with the business cycle huh? People way overestimate how influential the government is when it comes to the economy.

It could. But the idiots crying where are the jobs!!!! a month ago are still eating crow either way.

[memphis]

Yes, the problem with the American economy is that the middle class is unable to acquire enough debt

Sounds pretty ed up, but' that's pretty much it.

In case you haven't noticed, everybody but the top 10% is already drowning in a sea of debt. Capital needs to be more readily available to most people, but an endless cycle of crippling debt will not help anybody. We need a more equitable distribution of wealth.

[opebo]

Yes, the problem with the American economy is that the middle class is unable to acquire enough debt

Sounds pretty ed up, but' that's pretty much it.

In case you haven't noticed, everybody but the top 10% is already drowning in a sea of debt. Capital needs to be more readily available to most people, but an endless cycle of crippling debt will not help anybody. We need a more equitable distribution of wealth.

Correct, memphis.  Transfer of wealth to the thieving class (owners) has reached the point of totally undermining consumption.  We need to mandate a very high minimum wage (I say $15/hour), and enforce unionization of all industries.  Coupled with this we need a generous dole.  All paid for by confiscatory taxes on anyone receiving more than 200,000/year (and higher rates from 100-200K).

Problem solved.