Gallup - private sector employment up 6 months in a row

[Catatonic]

http://www.reuters.com/article/idUS...Business+News)&utm_content=Google+Feedfetcher

 

[WaltM]

let the blames begin!

Is it the Stimulus?
Is it the war?
Is it the tax cuts?

 

[hugolp]

let the blames begin!

Is it the Stimulus?
Is it the war?
Is it the tax cuts?

Its the census high frequency hiring?

 

[Mini-Me]

This is good news, at least for now. I'm fearful of the next bust though, and I'm afraid it might be just around the corner. Worse, the poor foundations of our economy and currency make me pretty pessimistic about how much we can even temporarily recover before that happens...but for now, we could use all the good news we can get.

 

[GunnyFreedom]

A trillion dollars worth of stimulus is creating temporary jobs that will expire as soon as the stimulus money we borrowed from our grandchildren wears out. That curve looks engineered to me.

 

[GunnyFreedom]

I would guess that the area outside the curve during Obama, if converted to dollars, would roughly equal TARP +stimului. What happens when all that runs out? Didn't Obama just talk about another stimulus program? I guess he's planning on taxing our great-grandchildren next...

 

[Catatonic]

Its the census high frequency hiring?

Its private sector jobs only.

What I want to know is how many of them are part time jobs and how many are shitty service jobs

IMO people focus too much on unemployment. Prices are up, incomes are down. I don't think a country full of 'working poor' is a sign of recovery.

 

[hugolp]

This is good news, at least for now. I'm fearful of the next bust though, and I'm afraid it might be just around the corner. Worse, the poor foundations of our economy and currency make me pretty pessimistic about how much we can even temporarily recover before that happens...but for now, we could use all the good news we can get.

The next downturn is coming soon. As Gunny said this is just government spending creating fake jobs that will not last. Its not a sustainable recovery.

You should check the Consumer Index Institute (http://www.consumerindexes.com/), they have advanced statistics and are pointing that the GDP is going down big time. GDP is not a great indicator of growth, but it shows that the economic activity is slowing.

Its private sector jobs only.

What I want to know is how many of them are part time jobs and how many are shitty service jobs

IMO people focus too much on unemployment. Prices are up, incomes are down. I don't think a country full of 'working poor' is a sign of recovery.

My bad. I was just joking with MatM.

 

[Shinerxx]

I do not view this a "good" news. It is bad news that happens to be better than the worse news we had on employment last year. Our economy must add over 140,000 jobs each month just to keep up with population growth that will be looking for employment. 40,000 jobs per month in the hole will continue to increase the unemployment rate of the youngest generation of workers which if I remember correctly is over 25% for all unemployed and underemployed.