Private sector hiring hits 5-year high in April (unemployment, companies, economy)
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WASHINGTON (Reuters) - U.S. private employers shrugged off high energy prices to add jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent.
Private sector hiring, including a big jump in the retail sector, boosted overall nonfarm payrolls by 244,000, the largest increase in 11 months, the Labor Department said on Friday. Economists had expected a gain of only 186,000.
The private sector created 268,000 new jobs, the most since February 2006, while government payrolls shrank.
Yea, they cut them in 2001, and it is finally kicking in after 10 years. Too bad they could not prevent the melt-down.
FAIL.. the tax cuts kicked in during 2002 and over the next 4-5 years they added over 10M jobs.. You can try to rewrite history and ignore facts, but that doesnt mean the jobs didnt happen.
FAIL.. the tax cuts kicked in during 2002 and over the next 4-5 years they added over 10M jobs.. You can try to rewrite history and ignore facts, but that doesnt mean the jobs didnt happen.
If tax cuts is all the that matters, then it must have been the tax cuts which drove us off the cliff. Job creation in the past 10 years has been anemic. Hey, I like low taxes too, but I am not naive enough to think they alone cause everything to happe, and they do not have concequenses.
FAIL.. the tax cuts kicked in during 2002 and over the next 4-5 years they added over 10M jobs.. You can try to rewrite history and ignore facts, but that doesnt mean the jobs didnt happen.
Stop lying. Private sector jobs...
Jan 2002: 109.58 million
Dec 2006: 114.80 million
Total Growth over five years: 5.22 million
Private Sector jobs added per month: 93K
If tax cuts by itself create jobs, Italy which has a one of the highest rates of tax evasion in Europe would have 0% unemployment. Tax cuts must be coupled with good government policy that encourages growth and invests in expensive unprofitable research that private companies avoid.
I'm going to start taking these nonsensical replies with no facts as a personal attack and start reporting them..
Jan 2002, total jobs 128602K
Dec 2007, total jobs 13887K
= 10M jobs
Dont like the facts.. take it up with the BLS
VERY FIRST CHART..
ftp://ftp.bls.gov/pub/suppl/empsit.compaeu.txt (broken link)
Quote:
Originally Posted by Finn_Jarber
If tax cuts is all the that matters, then it must have been the tax cuts which drove us off the cliff. Job creation in the past 10 years has been anemic. Hey, I like low taxes too, but I am not naive enough to think they alone cause everything to happe, and they do not have concequenses.
All of the tax cuts in the world wont matter when you have no taxable gains to claim
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