Posted on 04/04/2015 6:35:56 AM PDT by Kaslin
The general slowdown in economy has now affected the one area that was at least middling for the last year: Job creation.
The Bureau of Labor Statistics reported a BIG miss in jobs on Friday, following a big miss in the ADP private jobs report earlier this week.
“The yearlong streak of robust monthly job creation was broken on Friday,” says the New York Times, “with the Labor Department’s report that employers added just 126,000 workers in March, a marked slowdown in hiring that echoed earlier signs that sluggish business investment and punishing weather were exacting a toll on the economy.”
This wasn’t just any miss either. This was a Dave Kingman sized miss too.
Economists’ consensus estimate was for job creation around 250,000 according to Bloomberg. That’s a miss by about half again that many workers.
(Excerpt) Read more at finance.townhall.com ...
The Obama spin; “it's a good thing”.
Probably the single area most affected is the recent slow-down in the oil industry. Layoffs abound here in Texas, the one area that Obama and the Democrats have previously been unable to impact, has now turned south.
Congrats to the Demoncrats and their hoped-for fundamental transformation of America that the low-information voters yearned for...
Wrecking Ball is Obama's effect on the economy.
And this is WITH the Fed’s printing and bond buying help. Nothing has been fixed.
“Robust” A word from our “I do not think it means what you think it means” dept.
That is the single largest factor preventing recovery.
The Martha Stewart school of ‘home crafting’.
Not to mention porkulus and follow-on Keynesian spending. All that the money creation and spending does is undermine the economy by misallocating capital.
Dave Kingman launched his wind-aided blow in Chicago’s Wrigley Field on April 14, 1976. The New York Times somehow concluded that it had flown 630 feet. It has been confirmed that the ball struck against the third house beyond Waveland Avenue, which is situated about 530 feet from home plate.
Reminded of Clinton “I raised your taxes too much.”
Fed ‘I stimulated your economy too much.’
Democrats ‘I stimulated your economy too much.’
There no low risk way for compounding interest on savings for reinvestment capitol to finance the American dream of your choosing or just to retire on comfortably.
They gonna’ “draw”, dontcha’ know?
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