Have you heard the news? Economists are surprised at the latest job loss numbers. Who are these people, and why did they think employers would add jobs?
The New York Times reported that the latest jobs numbers dashed the hopes of those expecting a quick recovery. Ha!
The American economy lost another 85,000 jobs in December and the unemployment rate remained at 10 percent, setting back hopes for a swift recovery from the worst downturn since the Great Depression.
The latest monthly snapshot of the national job market released by the Labor Department on Friday provided one potentially encouraging milestone: Data for November was revised to show that the economy gained 4,000 net jobs that month, in contrast to initial reports showing a loss of 11,000 jobs. That marked the first monthly improvement since the recession began two years ago. …..
I’d like to know which sector added those 4,000 jobs. If it’s the government it shouldn’t count.
Reuters noted how exectations for labor market stabilization have been confounded. Again, I ask, who had these expections?
U.S. employers cut 85,000 jobs in December, confounding expectations the labor market was finally stabilizing and piling pressure on President Barack Obama to spur job growth.Unemployment, which held steady at 10 percent, remains the Achilles heel of the economy’s recovery from its worst recession in 70 years. Creating jobs is critical to sustaining the recovery when government stimulus fades. ….
In fact, unemployment is much worse than the government is telling us. Businesses are going bankrupt, and those that survive have no idea what’s in store for them. Nobody’s in a big hurry to hire. But according to the White House, everything is going according to plan, and this news just shows that the job market really is stabilizing. Did they ever stop to think that most businesses have already cut all they can cut and still remain in business?
Get ready for another round of “stimulus” spending in the form of green jobs. Next year at this time we’ll still be talking about the number of “unexpected” job losses.
Via memeorandum
I find it very hard to believe that anybody really believes that people are going to invest in environment which is so inimical to making money? Rising energy costs, health care costs and taxes are not an environment in which people invest. The only certainty is that things will get more bureaucratic and less profitable. Who in their right mind thinks that is a formula for a successful business?
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LC,
I have never gone to a CPAC convention nor do I want to (although I may be forced to go to this next one)
I have always mentally divided people into two groups.
Those that talk and those that do.
CPAC is for talkers. Tea Parties are for Doers.
Yes, Opportunists are trying to latch onto the Tea Party movement because they see the power and commitment of the members and they want to channel it to their own ambitions.
Such a thing appears to be happening here on Long Island and it is the primary reason why I will be entering the race to replace Carolyn McCarthy in Congress.
Unless we are willing to stand up and do the jobs we don’t really want to, we will be forced to live with others doing those jobs in ways we will not appreciate.
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