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Old 04-02-2004, 06:17 AM   #1
Inmountains
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Default Job Growth Soars!!

This on CNN today:

U.S. payrolls grew at the fastest pace in nearly four years in March, the government said today. The jobs report exceeded Wall Street's expectations and could influence the Federal Reserve Board's interest rate policy and the presidential election. The Labor Department says 308,000 jobs were added in March, but the unemployment rate rose from 5.6 to 5.7 percent.

*********************************
Before all you libs try flaming this or trying to make it sound bad, I am just posting this as good news for EVERY ONE!
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Old 04-02-2004, 06:23 AM   #2
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It was even on the BBC

http://news.bbc.co.uk/2/hi/business/3594109.stm
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Old 04-02-2004, 06:30 AM   #3
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Insert random brainwashed neighsayer post in..

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Old 04-02-2004, 06:30 AM   #4
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The Labor Department says 308,000 jobs were added in March, but the unemployment rate rose from 5.6 to 5.7 percent.
Serious question here: How is it possible to add so many jobs but have the unemployment rate rise?
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Old 04-02-2004, 06:39 AM   #5
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Buncha lazy fuckers out there, that's how.
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Old 04-02-2004, 06:51 AM   #6
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308k jobs: great news. I'd love to see that number as a norm rather than an exception. Wonder what that makes the net job loss of the Bush administration
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Old 04-02-2004, 06:53 AM   #7
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Serious question here: How is it possible to add so many jobs but have the unemployment rate rise?
Those jobs came from the people that quit which raised unemployment...
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Old 04-02-2004, 06:54 AM   #8
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Leave it to Horm to find something to whine about in the face of good news.
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Old 04-02-2004, 07:04 AM   #9
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The Labor Department says 308,000 jobs were added in March, but the unemployment rate rose from 5.6 to 5.7 percent.
Speaking from a pure semantics perspective...

It does not state (I don't think) that it is a net gain of 308,000 jobs. Sure, 308,000 might have been added, but what if 350,000 were also lost? It sounds as though that is not what the article is saying, but semantically it would explain the figures *shrug*

Now, for Detecting Political Spin 101:

U.S. payrolls grew at the fastest pace in nearly four years in March
What major political event happened nearly four years ago?

Now before you say "OMGz Bush is not to blame!!1!", it is a bit difficult to read that kind of language and not make the connection. There are two conclusions:

1) Correlation between Bush taking office and decrease in payroll (causation not proven; correlation only)

2) Deliberate phrasing so as to lead to the conclusion in #1.

It is possible that the writer purposefully wrote it as such so that the general reader would immediately associate the beginning of Bush's term with a decrease in payroll.

If the numbers hold, then perhaps there is indeed a connection but really it doesn't matter for the writer. He can make his point, valid or not, simply by choosing his words.

Additionally, he did not say that payrolls didn't increase in the past four years; simply that they are increasing faster now than 4 years ago, and that inthe interim they hadn't reached those previous levels. This isn't as weasel-worded as the previous example; data showing such a trend could still support a connection between Bush and payroll rate declines.

But in the absence of some reputable figures and analysis from people who really know more than I do, I'll have to just shrug and say that it's about damn time some jobs got created.
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Old 04-02-2004, 07:19 AM   #10
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Originally Posted by Wildane
Leave it to Horm to find something to whine about in the face of good news.
And leave it to you repugs to expect us to take a single news item and jump for joy about the rebirth of sustained job growth. I left my rose-colored glasses with blinders back in the ignorant naivite of my youth: call it cynical/skeptical if you want, but I look at any news, positive or negative, with a highly critical eye.
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Old 04-02-2004, 07:23 AM   #11
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And leave it to you repugs to expect us to take a single news item and jump for joy about the rebirth of sustained job growth.
The economy has been on an upsurge since october, this is just the start of the massive jobs being created. On another note the dot com industry has started picking up again.
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Old 04-02-2004, 07:46 AM   #12
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I hope you're right Chuk- but we've been waiting more than 3 years now for signs of sustained job growth so I feel my skepticism is warranted. Remember it's your boy who promised us all these jobs he hasn't delivered on.
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Old 04-02-2004, 07:53 AM   #13
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who is my boy?
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Old 04-02-2004, 08:10 AM   #14
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MonkeyBoy: and yes I know you claim no love for the guy, but you seem to side with the Bushites far more often than not, and so I saddle you with GWB also.
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Old 04-02-2004, 09:48 AM   #15
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And leave it to you repugs to expect us to take a single news item and jump for joy about the rebirth of sustained job growth.
No, I don't expect that at all, but the least you could do is give it a chance before going into insufferable prick mode and bashing it before seeing if it's actually a good or bad thing. Be skeptical all you want, but don't bring down everyone else in the process.
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Old 04-02-2004, 10:12 AM   #16
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Trech:
"Serious question here: How is it possible to add so many jobs but have the unemployment rate rise?"

For the same reason that my oldest son is my parent's FIRST grand child, but he is not their OLDEST grand child!!

Anyway, let's hope that this is the start of a "sustained growth in jobs and the economy"!!!
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Old 04-02-2004, 10:33 AM   #17
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U.S. Economy: March Factory, Employment Gauges Rise (Update4)
April 1 (Bloomberg) -- A U.S. manufacturing index unexpectedly rose last month as production increased and more factories added workers than at any time since Ronald Reagan was president.

``Plain and simple, this report tells us that the manufacturing sector is smoking,'' said Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Connecticut. ``The breadth of the expansion as well as its speed is breathtaking.''


Tax cuts Bush won last year have helped spur the economy to its fastest growth in 20 years and at least six straight months of job gains. The president is
pushing Congress to make the tax cuts permanent to help create jobs at a
faster pace. Kerry, a Massachusetts senator, is promising to create 10 million
jobs over four years as president. Part of Kerry's plan includes a tax credit for
companies that create jobs in the U.S., paid for by an end to tax breaks on
some overseas income.
Am I gloating? Hell yes! Suffer you negative little whiners.
And tax cuts won't help the economy huh? Remember
the term Usefull Idiot? Now you libs know what you are.



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Old 04-02-2004, 10:35 AM   #18
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MonkeyBoy: and yes I know you claim no love for the guy, but you seem to side with the Bushites far more often than not, and so I saddle you with GWB also.
Well first of all i dont hate Bush, ok i have no hatred for him becuase i have no party leanings, and with that i dont have an agenda to promote. The fact the economy has been picking up since october is not being biased, if you care and go back to my posts in october november december you would have seen me say its too early to say this is a good thing or a slight increase in the market means nothing becuase its the holidays and to see where we stand in february. Its now april and the economy with a few bumpy weeks aside is still on the upswing. Am i being biased by saying that? Should i lie and say the economy sucks just becuase i dont agree with some of Bush's other policies or his party?
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Old 04-02-2004, 11:25 AM   #19
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It is certainly good news. Let's hope it continues. For Bush it is probably too little too late.
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Old 04-02-2004, 11:25 AM   #20
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Despite jobs boost, Kerry still blasts Bush economic record

WASHINGTON (AFP) - Democratic presidential candidate John Kerry welcomed
figures released showing the creation of 308,000 jobs in March, but the
Massachusetts senator blasted President George W. Bush's economic record

Kerry touted his plan to create 10 million jobs if he is elected president.

"In every single month of this administration, we havent seen the creation of a single manufacturing job in America," Kerry said.
I wonder what new math Kerry is using. Where is he going to find 10-million
people to fill those jobs. There certainly are not that many unemployed
at this time, or will be in the near future.

Talk about a stupid campaign. Why not 11-mil or heck 20-mil.
Awe screw it, go for child labor and make it 50-mil. LMAO




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Old 04-02-2004, 11:31 AM   #21
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``Plain and simple, this report tells us that the manufacturing sector is smoking,'' said Stephen Stanley, chief economist at RBS Greenwich Capital in Greenwich, Connecticut.
Well, no wonder Horm is upset. Damn manufacturing sector smoking in public!!
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Old 04-02-2004, 11:35 AM   #22
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None of which even if it were true forgives the last three years.
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Old 04-02-2004, 11:37 AM   #23
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LMAO Flub
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Old 04-02-2004, 11:42 AM   #24
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Flub so witteh
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Old 04-02-2004, 01:04 PM   #25
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Haha, have to say that gave me a really good laugh, Flub
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