Linda_K
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posted on May 7, 2004 04:32:04 PM new
Another month of good job growth.
taken from Forbes.com
WASHINGTON (Reuters) - U.S. employment surged for a second straight month during April, adding another 288,000 to payrolls as jobs were created in nearly every sector at a pace that handily outstripped expectations, a Labor Department report on Friday said.
Adding to evidence a revitalized labor market may take some sizzle from the jobs issue ahead of November presidential elections, the government revised up its estimates for job creation in both February and March.
Labor said 83,000 jobs were added in February and 337,000 in March instead of 46,000 and 308,000 respectively it had previously reported.
The back-to-back monthly gains in March and April were the strongest in four years, the department said.
The report was certain to boost expectations the Federal Reserve may move sooner rather than later to raise interest rates to keep inflation in check. "I think it puts the Fed on alert. Clearly the economy does not need as much stimulus as it did a year ago," economist Gary Thayer of A.G. Edwards and Sons Inc. in St. Louis, Mo., said.
"I'm not sure the Fed is going to move at the June meeting, but I think they're very likely to raise rates at least by the August meeting," he added.
"It's obviously a very strong number," said economist David Wyss of Standard & Poor's in New York. "It's good for consumers, but it's a little sign of inflation to the Fed."
In addition to the surprisingly robust job growth, the unemployment rate dipped to 5.6 percent. Wall Street economists had forecast 173,000 new jobs would be created in April and the unemployment rate would be unchanged at 5.7 percent.
Until recently, job growth has lagged sharply while other indicators of economic activity from factory orders to retail sales have turned upward. The prospective Democratic nominee for the November presidential races, Sen. John Kerry, has hammered at
President Bush for a loss of jobs since Bush took office at the start of 2001 but that will be a tougher line of attack as employment grows.
"Since August 2003, payroll employment has risen by 1.1 million," said Kathleen Utgoff, Bureau of Labor Statistics commissioner. "In April, job growth was widespread for the second consecutive month."
There were 21,000 new jobs in manufacturing on top of 9,000 in March, a third straight month that this category of employment increased after a long period of decline.
Re-elect President Bush!!
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ebayauctionguy
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posted on May 7, 2004 05:13:30 PM new
Linda, that is very bad news for democrats!
"I voted for the $87 billion before I voted against it."
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Linda_K
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posted on May 7, 2004 05:18:30 PM new
I know 
Keeping my fingers crossed each month gets better and better.
Re-elect President Bush!!
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NearTheSea
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posted on May 7, 2004 06:36:45 PM new
That is good news Linda, thanks for posting it.
__________________________________
In cyberspace, you can't hear a liberal scream.
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Twelvepole
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posted on May 7, 2004 08:39:17 PM new
I heard that today and was very pleased...
Seems like things are turning around little by little.
AIN'T LIFE GRAND... 
It's too bad that their blindness can't see they are killing more soldiers than President Bush ever has... Protest Loud and Proud! Your fellow taliban and insurgents are rejoicing at the support...
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Reamond
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posted on May 8, 2004 08:12:34 AM new
Yeah Great News-- We have job growth at the rate it was in 2000. And we still have the only president since Hoover that has a net loss of jobs.
But I guess if you're a Bush supporter it is good news. It sure beats his usual monthly job losses. It rates right up there with Bush pronouncing a word correctly.
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Linda_K
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posted on May 8, 2004 08:20:45 AM new
Oh reamond - you're finally beginning to admit things are lookin' better. How wonderful. 
For so many months I've been saying it's getting better, it's getting better and you have rejected even the thought of it each time.
Should this trend continue by election time we'll be right back where we were in 2000....[job wise]. That's after a recession he walked into...after two wars....after 9-11....not bad.
You may not be jumping for joy over the improvement....but it WILL make a difference to many Americans....and to this election.
Re-elect President Bush!!
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Reamond
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posted on May 8, 2004 09:22:24 AM new
Bush's economic record is horrible.
To claim things are better after two job growth months after 42 losing months and 2.6 million jobs lost is like saying the Titanic is sinking slower than usual.
The "wars" haven't effected job growth, if anything the "wars" should have boosted employment but they didn't. Bush has effected our deficit though.
I just wonder how many years Bush will be claiming that 9-11 was the fault of his bludering for 4 years.
Bush is a loser. We have never had a president in the history of this nation that was as stupid and irresponsible as Bush.
We will be paying and our grand children will be paying for having the Supreme Court put this idiot in the White House.
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Linda_K
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posted on May 8, 2004 11:36:28 AM new
To claim things are better after two job growth months after 42 losing months
reamond - you surprise me....now taking to fibbing are you?
You must have forgotten that you and I have bantering about this subject for months.
I first pointed out to you months and months ago [9-10 months ago] when the job losses stopped going to the negative side.
Then I pointed out each month as jobs were no longer being lost....but very small gains were being made. You laughed at the small numbers to the positive side as the numbers started going up...improving...that they were too small....
and now you're once again being negative when the past two months have shown job gains that went FAR above expectations.
Maybe you're one of those who doesn't want the economy and job gains to improve.....because it reflects that this President's economic plan IS working. Sure sounds that way to me.
Re-elect President Bush!!
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ebayauctionguy
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posted on May 8, 2004 12:39:34 PM new
President Bush's tax cuts worked. The economy is improving big time and democrats are mad as hell.
"I voted for the $87 billion before I voted against it."
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Reamond
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posted on May 9, 2004 09:35:41 AM new
Bush's tax cut worked for the top 2% of tax payers. It was a cruel joke for the rest.
It has also created a deficit that our children and grand children will have to deal with.
Bush is a failure on every front.
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kraftdinner
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posted on May 9, 2004 10:52:55 AM new
Job growth? Linda, there will be no REAL job growth until they start replacing the 2.5+ million jobs that have been lost since Bush came to be. Once that number is hit, then the REAL job growth begins, no sooner.
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Twelvepole
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posted on May 9, 2004 11:13:07 AM new
You're wrong kraft, those jobs were on thier way out when Clinton was leaving... you're blaming the wrong President for that...
Also, what's your take on Canada stealing jobs from the US? I noticed that you were missing on that thread.
AIN'T LIFE GRAND...
http://tinyurl.com/297vs
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kraftdinner
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posted on May 9, 2004 11:24:55 AM new
Twelve, you and I have different memory cells. I remember the economy being fantastic in the U.S. until word got out that Bush might get in because Clinton didn't seem to endorse Gore (or visa-versa) during his campaign. It confused a lot of people and the economy reflected that. Now jobs are being replaced with lower paying ones as competition increases in the world market. I never saw this much escalation in the Clinton years, did you?
[ edited by kraftdinner on May 9, 2004 12:04 PM ]
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kraftdinner
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posted on May 9, 2004 11:27:02 AM new
..."I noticed that you were missing on that thread."
Stalker.
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bigpeepa
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posted on May 9, 2004 11:48:20 AM new
Linda_K, I don't see the stock market thinking that low paying service jobs is very good news. Maybe you should look at your stocks if you have any because higher interest rates are just around the corner. So says the fed chairman.
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Linda_K
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posted on May 10, 2004 07:56:15 AM new
EAG - It's looks like you were correct when you said 'economy is improving - dems mad as hell'. Think they'd be happy things ARE improving.
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KD your 2.5 is outdated info. It's 1.5 currently....and improving
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bigpeepa - The Fed interest rates have been at record lows for 2-3 years. Many homeowners benefitted from those low rates.....able to re-finance their homes. Many who couldn't afford homes were able to buy them with the lower interest rates....etc. We can't expect they'd stay that low forever.
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And no matter what the negative dems want to say...the job market has been taking off the last two months.
In addition 32 states are expecting small budget surpluses for 2004. That's good news too, compared to last year.
So all you 'doom and gloomers' keep up with the negative thoughts....while the rest of us enjoy seeing our economy making a turn for the better.
Re-elect President Bush!!
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Reamond
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posted on May 10, 2004 12:06:46 PM new
Record high gas prices and the Stock Market goes below 10,000. The majority of people finding jobs during this Bush recession are finding jobs that pay less.
Yup, the Bush train wreck economy is humming right along.
Keep runninmg against Clinton. Kerry loves it and will help put Kerry in the White House.
Bush blames everyone else for his blunders and people are sick of him.
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Linda_K
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posted on May 10, 2004 12:24:35 PM new
reamond - are finding jobs that pay less.
You've said that before....were we keeping track of how much jobs paid that people got under the clinton administration
or were we just happy people were getting jobs?
It's the manufacturing jobs that are suffering the slowest comeback. And that's due, in part to world trade agreements like NAFTA which started during the clinton administration.....and have continued.
Kerry's not going to reverse it. He hasn't called for 'protectionism' on our jobs. And some economists believe his proposals to put his recommendations on 'free-trade' will only hurt our economy more...
while we see this President's ARE working.
Re-elect President Bush!!
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kraftdinner
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posted on May 10, 2004 12:41:32 PM new
"And that's due, in part to world trade agreements like NAFTA which started during the clinton administration.....and have continued."
Don't go blaming Clinton, Linda. It was the Bush administration that approved of NAFTA in 1992.
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Linda_K
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posted on May 10, 2004 02:53:11 PM new
KD - And I'll just remind you that all those 'lefties' who say 'the buck stops here'...need to apply that saying in this instance.....
because it was signed during the clinton administration....and clinton had full veto power if he had disagreed with making it law.
Re-elect President Bush!!
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