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Heading backward:
The miserable March jobs report

American Enterprise, by James Pethokoukis

Original Article

Posted By:Pluperfect, 4/6/2013 5:05:20 AM

It would take superspin powers to portray the March jobs report as anything other than a huge step in the wrong direction. The US economy added just 88,000 jobs last month, 95,000 in the private sector as public payrolls fell by 7,000. The official unemployment rate ticked down a tenth of a point to 7.6%. 1. That is a paltry number of jobs, more or less matching assumed labor force growth per month. So the economy must add at least that many jobs just to keep the labor market at current depressed levels.

Comments:
Can anyone remember a single instance of economic GOOD NEWS greeting us since November, 2008?

      


Post Reply  

Reply 1 - Posted by: lilo, 4/6/2013 5:11:53 AM     (No. 9262150)

The superspinners, AKA the MSM have yet not begun to spin.

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Reply 2 - Posted by: Trigger2, 4/6/2013 5:22:03 AM     (No. 9262159)

Let´s see the number of part-time jobs counted as full-time jobs in that 88,000 number.

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Reply 3 - Posted by: Th-Gr-Sil-Majority, 4/6/2013 5:24:39 AM     (No. 9262160)

...fear not, it will get better as we add all the Obamacare navigators to the payroll...

...they will be making up for all the doctors who have and will be, retired before the scat hits the fan...

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Reply 4 - Posted by: ladychatalie, 4/6/2013 8:56:04 AM     (No. 9262364)

I´m not certain of having the right count of how many counties are in the US, but a usgs.gov audio´s description in search results says there´s 3,141 counties or county-equivalents (such as boroughs or independent cities). If you divide 88,000 by 3,141, the result is 28.01, or 28 jobs per county, though of course many counties are losing jobs instead of gaining them. When I hear the jobs numbers, I always want to consider what it means at a more local level. 28 jobs per county is heartbreakingly bad.

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Reply 5 - Posted by: nonsense, 4/6/2013 9:33:57 AM     (No. 9262439)

Never fear, whipsaw will return to jobs, jobs, jobs after the next party, vacation, basketball game, campaign. Well you get the idea.

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Reply 6 - Posted by: Dragonslayer2, 4/6/2013 10:33:34 AM     (No. 9262562)

If you keep standing astride the hiring process, threatening business owners with higher taxes, higher energy costs, higher medical plan costs, more regulation, and more union favoritism, you shouldn´t be surprised if things slip a little.

This is called "Not Learning".

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