Posted on 05/08/2015 9:49:35 AM PDT by lowbridge
America can breathe a sigh of relief. The economy is improving with the spring weather.
The U.S. added 223,000 jobs in April, a healthy pick up after a disappointing March and about in line with what economists surveyed by CNN Money projected.
April's strong job gains reflect a trend the country saw last year: job growth cooling in the winter months, then gaining momentum into the spring.
"They are good numbers," says Kate Warne, investment strategist at Edward Jones. "It's reassuring that we saw job growth rebound to above 200,000."
The good news doesn't stop there. The unemployment rate dropped to 5.4%, its lowest mark since May 2008. This is likely to be helpful to Democratic presidential candidate Hillary Clinton. Many believe she needs the economy to keep growing until Election Day in order for her to win the presidency.
Wall Street was very happy with the report. The Dow is soaring over 250 points (nearly 1.5%) in Friday trading, and the yield on the 10-year government bond fell substantially as investors cease worrying so much about a slowdown.
(Excerpt) Read more at money.cnn.com ...
BS
Ditto.
If this administration said the sun came up in the east I’d want an accounting.
...and the negative job growth continues.
Leftist lies! Even Texas is going through unprecedented suffering due to hussein’s anti-freedom policies.
Texas has problems when the oil prices are down. I would imagine that North Dakota is in the same boat.
I’m going to barf. Now do they not only grasp at straws to lie and claim that the economy is doing well, they tie it into this all bolstering Hillary!’s campaign. We are in for a year of this barf-inducing nonsense.
Oil prices are creeping up again.
You really need to know more parameters. Like part time or full time, and at what level.
Oil prices are creeping up again.
True so Texas and North Dakota will be off to the races again.
BS
Definitely, especially important to also know the loss and how it weighs out against the gain, or even see how this effects total unemployment. If some business told me that they brought in a revenue x, I wouldn’t consider it a success until I saw the assets, liabilities, expenses, net income, etc.
Definitely. I believe though, that a lot of employees are either part time or paid low wage though.
After 6+ years of lies by the administration and the media about the economy, I am skeptical.
And the trend to that is worsened as more private employers dodge around Obamacare-ification of private health policies.
That sentence is coming to a revision in your town soon!!!
Bingo! Are we losing high-paying full-time jobs, but gaining part-time low-paying jobs? Because that's my guess.
In my neck of the woods, factories are closing down. In their place we have dollar stores and fast-food joints.
Wow, isn’t that only about 17,000 less than what’s needed to keep the employment participation rate static? LOL
Speaking of pumping trillions of dollars into the economy, can I ask a stupid question?
Pardon my ignorance, but, it was my understanding that vast increases in the money supply should cause inflation. Yet the rate of inflation is still very low and has been for years. Doesn’t this indicate that the economy is still in a long term contraction?? If all of this additional cash isn’t causing inflation???
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