Economists: Job Creation in U.S. Strong

UPI via WOAI ^ | 12/28/04 | staff

[pissant]

Unemployment in the United States appears set to fall next year by nearly 10 percent, the Christian Science Monitor reported Tuesday.

And job creation looks robust, too. Employers are expected to create as many as 225,000 new jobs each month in 2005 to more than absorb the 125,000 who enter the job market every month, economists predicted.

An informal survey of economists indicates that unemployment could fall from its current 5.4 percent to as low as 5 percent, a nearly 10 percentage point decline.

"It may be the best year since 2000 in terms of the general job market," predicts Mark Zandi of Economy.com. "There will rising labor force participation and fewer underemployed."

Reasons for the optimism includes an unusually high number of businesses that are flush with cash, the expiration of the government's accelerated depreciation benefit on capital investments and the slowdown in downsizing.

"Each year downsizing is dropping off about 20 percent," says John Challenger whose firm in Chicago, Challenger, Gray & Christmas, keeps track of announced layoffs.

[pissant]

This is the economy that John F'n Kerry, Dicki Gephart and the rest of the limp-wristed dems called the worst since the great depression. We still need a 2 party system; but it should be the Republicans (center right) and a true conservative party. The democrats deserve the same fate as the whigs, though the whigs were far superior to these modern day, lying socialists.

[2banana]

If Kerry was elected, he would be taking credit for this...

[Brilliant]

More to the point, they said the tax cuts would not help, and in fact would make things worse.

So much for that....

[lormand]

Some employers are behind the curve.

I just started a new job last week after leaving an existing position.

My old boss thought that he could still low ball salaries and treat employees like it was September 12, 2001.

So, I activated my Monster account, and went from a contract position, to a perm position with a very promising startup, with a 12% salary increase and gobs of stock options.

[BrooklynGOP]

Same deal here. My boss basically caught me sending out my resume so he said they will be bumping up my pay shortly. I am goin to ask for like a 30-35% increase.

[pissant]

Your old boss will catch on soon enough. We do need some miserly types to help keep inflation in check. Congrats.

[lormand]

"I am goin to ask for like a 30-35% increase."

Good luck.

[stylin19a]

More & more I'm seeing "help wanted" signs.
More & more i'm hearing from my friends that all they want is for people to show up and they'll train them.


I've been off work since May 2004....Mainframe dinosaur..
I couldn't get arrested. After Thanksgiving, I got a ton of hits.
I start the new position 1/3/05.

Happy New Year to all......
Trust in God, hang in there and it will happen.

[bahblahbah]

Now we just need to get some reforms passed. Social Security reform, tax reform, tort reform, class action suit reform, energy reform, and do a little deregulation to reduce paperwork for businesses.

(RANT)
And can we quit subsidizing public television. They get 1.8 billion from non-government sources and about 200 million from the government. Its like a 200 million rubber stamp for horrible liberal television that doesn't serve the public in any way. It would be nice to have community television instead which would show local football and basketball games and other shows which actually benefited the community.
(/RANT)

[KJacob]

How many more jobs need to be created to erase all the jobs lost? I believe it was below a million before the election and that was before the strong report for October.

[alrea]

limp-wristed dems called the worst since the great depression

excuse to get votes for socialist backwards hat give aways

[pissant]

Good story & good luck!

[Jibaholic]

I think the accellerated capital depreciation actually harmed job creation by making investing in capitol improvements more attractive than hiring.

[BrooklynGOP]

Thanks. I've been severely underpaid for the past 2 years and they know it.

[KwasiOwusu]

"....Mainframe dinosaur.. I couldn't get arrested. After Thanksgiving, I got a ton of hits. I start the new position 1/3/05. "

All the best.

[pissant]

"I think the accellerated capital depreciation actually harmed job creation by making investing in capitol improvements more attractive than hiring."

Perhaps, but now we are shifting to a point where they must hire to remain competitive. As Martha would say, "that's a good thing".

[adam_az]

"I think the accellerated capital depreciation actually harmed job creation by making investing in capitol improvements more attractive than hiring."

First of all, it's CAPITAL improvements - not "capitol."

Second, what do you think it takes to make those improvements happen? People.

[Jibaholic]

Nice spelling flame. As Thomas Sowell points out, economics is the allocation of scarce resources that have alternative uses. You can hire a new factory worker, or you can buy a machine that does his work. If the government is essentially subsidizing the second option then you are going to get more of the second option.

But Bush won, and the account gimmick is ending, and the economy will probably be strong through 2008, so I'm a happy camper.

[KwasiOwusu]

"Now we just need to get some reforms passed. Social Security reform, tax reform, tort reform, class action suit reform, energy reform, and do a little deregulation to reduce paperwork for businesses."

Every one of those reforms can only give a big, long lasting, very sustainable boost to the American economy.
Every one of those reforms are yet more reasons why its great for America that President Bush will be in the White House for the next 4 years instead of Hanoi John Kerry, who is firmly in the pockets of the trail lawyers of America.
Hanoi John Kerry will simply have continued the RAT tradition on selling America to the rial lawyers, with no tort reform, and frivolous, economy-killing class action law suits even worse than before.

We have a lot to be thankful to God for this Chrsitmas.

[adam_az]

"Nice spelling flame. As Thomas Sowell points out, economics is the allocation of scarce resources that have alternative uses. You can hire a new factory worker, or you can buy a machine that does his work. If the government is essentially subsidizing the second option then you are going to get more of the second option. "

...for which the manufacturer of machines needs to hire more employees, and the buyer of machines (and the economy as a whole) see increased efficiency and higher productivity. How awful. ;)

I picked on your spelling, btw, because not only don't you understand basic economic principles, you can't spell them either.