Three solid months of strong job growth are letting Americans know that the economy is growing strongly again; this following the worst most devastating recession in history, something that nearly equaled the great depression back in the 1930's. How bad has this recession been? Well there has been nothing as severe and economically devastating in 80 years. That alone says a lot. The interesting thing about this very strong job growth accompanying growth in GDP, manufacturing, etc. is that it has been preceding even as the European economy is shrinking, the Chinese economy is slowing and there are worries about another world wide recession due to world wide drops in demand and financial debt problems, primarily stemming from the huge European market place. Essentially that says American demand is improving and the US is competing better across the globe. Good news for Americans. Finally...after the most severe recession ever and the worst financial debacle since the Great depression. If the recovery is able to help with the housing market that will fortify the remaining very weak point with regard to the private economy. Another fascinating aspect of the recovery is that job growth is occurring uniquely in the private sector as govt spending is dropping and shedding jobs: private jobs growing--public jobs shrinking This is a fascinating result as compared to the first 6 or 7 years of the past decade from 2000-2010 when government jobs expanded and private jobs shrunk. Definitely improving news.
Ah I see. Then this is good news for us outsiders too What about European countries though? Are they recovering fast from their economic problems?
So there's a strong job growth but the unemployment level stays the same ? Would you like to explain how higher job volatility is good news ?
Its pretty simple. The 8.3 number doesn't reflect millions of people who have given up looking for work. Over 200k private sector jobs were added, which is great news by any measure, and as good news trickles in, more of those millions of people without work are going to start looking for work again. In consideration of that, the number will likely rise, not fall as the economy slowly recovers. More than a few economists expect it to exceed 10% before it starts falling. Its the problem with using a number which is false at it's core as your leading economic indicator. Of course by that time, we may have crossed the tipping point on the suicidal spending pace Obama has sent this country on. We shall see.
More people are working. Isn't that simple? Also that is 3 solid months of overall job growth, even as the public sector continues to shed jobs. that means that the private sector is growing somewhat faster than the net growth in jobs. Pretty good. Frankly after a brutish recession and incredible shedding of jobs by the private sector seeing this job growth is excellent news. Don't bother overcomplicating it with job volatility and all sorts of other considerations....after so many lost jobs...seeing people consistently gain jobs is good news. It would be nice if this pattern continued for a steady number of months.
Absolutely fantastic news. Great for our sharemarket. Always takes time to come out of recessions although some people think it happens overnight. Always proved to be a bumpy ride too.
US economy, education, science & research, defense, standard of living, etc. is unbeatable when compared to other countries. Keep it up!
Are you a member of al queda? That is how they respond. If its real hard news and its good for America they call it a lie.
Temporary improvement is required to re-elect him because he is doing a great job for them. The result will be the same. End of $. Just wait and see.
The end of $??? Lets see in 1971 Nixon eliminated the promise and ties of the $ to be repaid in gold. Gold fanatics have been screaming that would be the end of the $. Its been 41 years. I'm still waiting.
I'm not sure if you're familiar with thegr4. Certainly, he could be described an Islamist. I don't know if he's a member or supporter of al-Qaeda, it appears he didn't want to answer your question. To admit the US economy is improving would burst his bubble.
didn't know that. but when he included something about a serpent's bite in one of his responses I was wondering which human serpent he was referring to? a dead bin laden or a dead quaddaffi or a dead saddam? In any case its good to see 3 straight solid months of strong job growth following such a brutal recession. The big growth in job gains is negating shrinking jobs in the government sector with people losing jobs in local state and fed govt. pretty interesting. private business is expanding!!!!
That's fine but THEY gonna BUY DRINKING WATER at the same price. So that makes it EVEN doesn't it or an ADVANTAGE unless THOSE PEOPLE will drink PETROL.
Islamist's live in a bubble that can only be burst when they ignite their C4 packed vest in an area crowded with women and children. It is odd, however, that he equates himself to the serpent, which is Abrahamic religion speak for the devil.
You seem to be struggling with the english language. Let me help. Liberty Definition: Freedom Synonyms:autonomy, choice, convenience, decision, emancipation, enfranchisement, enlightenment, free speech, independence, leisure, liberation, opportunity, permission, power of choice, prerogative, privilege, relaxation, release, rest, right, sanction, self-determination, self-government, sovereignty, suffrage, unconstraint Antonyms: arrest, imprisonment, incarceration, slavery source