431,000 Job Gain in May - 411,000 of them Temporary Census Workers (Putin, healthcare)
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People seem to be expecting a "V" shaped recovery but sadly that will probably not be happening.
Our last recoveries were "jobless" due to easy credit. We don't have that now and we have even more lost jobs than before.
The "experts" waffle with every report so why do people keep listening to them; why does the MSM still rely on their "expert opinions" when they change with the numbers ?
Countries are on the verge of bankruptcy and people seem to think the US will just bounce back to it's old ways ? No, I don't think so. I think it will be sluggish for years to come.
The total debt is to high for a strong recovery
Quote:
Originally Posted by walidm
That's a lot of folks working, earning a paycheck to be considered NOT good news...
We need to be adding 1,000,000 per month in order to get a strong economic recovery. What we have now is summer hiring and it is pathetic.
Well, while the numbers DID reflect continued job growth, they WERE pretty anemic. We definitely need to see MORE private sector jobs created - and I still believe that will happen, but the truth is (positive growth or not) the private sector job numbers WERE disappointing. It STILL reflects job gowth (as opposed to the job destruction we faced a year - or even 6 months - ago) but it's not nearly as much as we need to see. There is still a lot of nervousness out there on the part of employers.
Well, while the numbers DID reflect continued job growth, they WERE pretty anemic. We definitely need to see MORE private sector jobs created - and I still believe that will happen, but the truth is (positive growth or not) the private sector job numbers WERE disappointing. It STILL reflects job gowth (as opposed to the job destruction we faced a year - or even 6 months - ago) but it's not nearly as much as we need to see. There is still a lot of nervousness out there on the part of employers.
Ken
The world is coming to an end LordBalfor is afrade of doom. There is good cause for the nervousness.
The world is coming to an end LordBalfor is afrade of doom. There is good cause for the nervousness.
I'm not afraid of "doom" - but the numbers released today (though while STILL POSITIVE) are in truth (as I said) "pretty enemic". Next moth we'll see if this was just a temporary stumble (with job gains surging again) or indicative of a more difficult path ahead and a slower recovery than expected.
I'm not afraid of "doom" - but the numbers released today (though while STILL POSITIVE) are in truth (as I said) "pretty enemic". Next moth we'll see if this was just a temporary stumble (with job gains surging again) or indicative of a more difficult path ahead and a slower recovery than expected.
Ken
I was making a bit of a joke sorry if it wasn't funny. It would be nice if we had strong economic growth but I just don't see that coming.
I'm not afraid of "doom" - but the numbers released today (though while STILL POSITIVE) are in truth (as I said) "pretty enemic". Next moth we'll see if this was just a temporary stumble (with job gains surging again) or indicative of a more difficult path ahead and a slower recovery than expected.
I was making a bit of a joke sorry if it wasn't funny.
No that's fine.
There is no doubt about it, it was a dissappointing number. It DID reflect continued positive growth (which is a good thing) - but as I said - it WAS pretty enemic considering that we've just had considerably better numbers over the last few months - so I don't think any reasonable person can deny it was a bit of a stumble compared to what we're looking to see.
As I said though, we'll see what next month brings. These numbers get adjusted up and down a bit as late arriving data is factored in and it's quite possible that the numbers could end up stronger than they appear at the moment. We just have to wait and see.
No, I said: play your games with someone else, and I mean it. I am not interested in childish word games.
I wouldnt want someone pointing out the hypocracy in flip flopping of my posts either. One month the unemployment rate doesnt matter, the next it does.. Make up your mind..
People seem to be expecting a "V" shaped recovery but sadly that will probably not be happening.
Our last recoveries were "jobless" due to easy credit. We don't have that now and we have even more lost jobs than before.
The "experts" waffle with every report so why do people keep listening to them; why does the MSM still rely on their "expert opinions" when they change with the numbers ?
Countries are on the verge of bankruptcy and people seem to think the US will just bounce back to it's old ways ? No, I don't think so. I think it will be sluggish for years to come.
More like an "VW" recovery.
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