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| Economy |
| Jobs picture 'improving': Obama adviser |
| 2011-04-02 |
[Arab News] The US job market is gradually rebounding from a period of severe retrenchment, but still has a long way to go, US President Barack B.O.Obama's top economic adviser said. "We're starting a recovery, but it's a deep hole," Austan Goolsbee, head of the White House Council of Economic Advisers, said. "Even though (the unemployment rate) has come down significantly over the past four months, it's still too high," Goolsbee said. The Labor Department reported the jobless rate fell for a fourth straight month, dipping to 8.8 percent in March, and the economy generated some 216,000 new jobs. That's an improvement over February's 194,000, but still leaves 13.5 million Americans out of work. |
| Posted by:Fred |
| #10 I was telling a friend this morning that the organization charts of government now as well as the titles reminded me of the convoluted monstrosities of the last days of the Soviet Union. Now the reports coming from this administration are reminiscent of the 5year plan reports, and the exhortations for the workers to double their efforts, that all was well, and things are fine, while we face $4+ gas, real unemployment approaching 20%, housing prices continuing to fall, massive debt, massive government incursion, over regulation, emergent inflation, currency erosion, foreign policy ineptitude. Sadly, for many Americans, they have forgotten who and what we are, and they just accept this as all that can be done is being done. And the MSM just plays along with their anointed leaders, ignoring the facts on the ground. Increasingly, I have the feeling that this doesn't end well, and that the unplesantness is closer than I ever imagined. |
| Posted by: NoMoreBS 2011-04-02 15:21 |
| #9 Sing w/me "Happy days are here again" Sing! "The skies are blue" Sing damn you sing "with cheer again" I don't know anyone stateside who believes that the jobs picture is improving or inflation is under control. The big lie no longer works domestically. Time for a foreign adventure. |
| Posted by: regular joe 2011-04-02 14:46 |
| #8 I'm sure the jobs picture is 'improving'... if your goal is to bring down the United States Economy. You have to take into account that the goal of the White House Administration is not to create jobs and allow people to create wealth. |
| Posted by: CrazyFool 2011-04-02 14:00 |
| #7 People, particularly in the government, find what they want in numbers depending upon their agenda. Initial weekly unemployment claims have been in flatline for the past year. There have been up-and-down fluctuations but around a flatline. Initial unemployment claims is not a particularly good indicator for employment. |
| Posted by: JohnQC 2011-04-02 11:34 |
| #6 newc, they'll find the numbers they want. The number fairy will bring them just like they did this one. The arch conservative Gallup Poll showed 10.3% for March. It's not who votes that counts, it's who counts the votes. |
| Posted by: AlanC 2011-04-02 11:23 |
| #5 There is NO IMPROVEMENT until there are at least two quarters or more of 5.5% growth, period. Ergo, we are in a depression still. |
| Posted by: newc 2011-04-02 10:11 |
| #4 And I wonder how many of these new jobs are those vacated by semi-forced early retirees. There, fixed it for you gorb. Choice between 2 yrs. in Mexico City or early retirement. What would you choose at 59 with a hopefully sufficient nest egg? |
| Posted by: AlanC 2011-04-02 08:56 |
| #3 They'll revise the unemployment number up in a couple of months when nobody is paying attention to it anymore. And I wonder how many of these new jobs are those vacated by retirees. |
| Posted by: gorb 2011-04-02 02:31 |
| #2 Gallup Finds U.S. Unemployment Rate at 10.0% in March Underemployment = 19.3% |
| Posted by: Zebulon Thranter9685 2011-04-02 00:49 |
| #1 ..but it's a deep hole Which only gets deeper as you continue to spend without restraint and print more paper to cheapen the value of what monetary assets you may have. Quit digging deeper. |
| Posted by: Procopius2k 2011-04-02 00:37 |