What about it, Mr. President? What about JOBS?
Posted on 05/06/2005 5:38:23 AM PDT by Koblenz
April nonfarm payrolls up better than expected to 274,000. March figures revised up from 110,000 to 146,000. April average hourly earnings highest on record and were up 0.3%
Yeah, it's all good if you like making hamburgers for 1.65 an hour while the Chinese and the Indians make off with all the high tech and engineering jobs.
There may be some. These jobs numbers have been improving for over a year now. However, I still think sending quality jobs overseas is overall a very bad idea.
What about it, Mr. President? What about JOBS?
BTW - I heard many mainstream democrats (like Mort Kondrack) trot out that 3.1 % growth last quarter and immediately proclaim a recession this week.
Here come the Doom and Gloom.
MacDonald and Burger king have hired over 3 million people in the last two years, that is extremely amazing! (end of extreme sarcasm).
You may need to go and check with DUmmies website. They may have a thread regarding the new jobs and unemployment report. I am sure you will be greatly welcomed there with your doom and gloom, Bush bashing and such.
Please check the posts of Mr. Johnb838 on this thread.
lolololololol!
Thanks for getting it. (Some) Freepers are so easy to tweak.
The EU figures above are reported red Chinese style, in that that's their GDP "growth" rate prior to taking out inflation.
The U.S., on the other hand, first subtracts our rate of inflation before posting our GDP growth figures.
The U.S. GDP growth rate of 3.1% to 3.5% is actually 5.8% to 6.2% raw growth (i.e. before subtracting 2.7% inflation)...whereas the EU "growth" rate of 2% prior to inflation is actually a contraction of .1% after subtracting their 2.1% inflation rate.
In other words, if reported accurately, the EU has a negative .1% GDP "growth" rate right now, with 11% or more unemployment in EU member states such as France and Germany.
When socialism fails, as is inevitable, the only recourse of the socialists is to glom onto some more assets (and population) in order to make the game last a little longer. Hence the expansionism of both the former USSR and its present-day analogue, the ESSR.
That's very interesting. I had no idea that the EU reported their GDP growth without subtracting for inflation. According to the data it appears the EU is doing even worse than expected!
Its so obvious that socialism NEVER works and that's where the Democrats are trying to take us. They want the US to be more like Europe.
I was checking out the CIA world factbook and according to the numbers the US overtook the EU was the worlds largest economy last year in terms of GDP. And thats if you count the EU as one country. But they have 150 million more people!! Our GDP per capita is $40,100 and theirs is $26,900.
Socialism is a FRAUD!!!!!!!!!!!!!!
Nice info, I wasn't aware of that.
For another observation, I'm seeing things really start to pick up in IT land. No full time employee had left the site I'm consulting at for over 5 years. In just the last two months people have started to leave for new jobs, and this site was already starting the hiring proess before these departures.
We are no where near the druken frat party hiring stage of the late 90's. Which is still what people who knew nothing but that kind of environment pine for.(Hey we had the roaring 20's, 90's it's bound to happen again)
It's not bad, just different.
Nice find, and good news!
I knew you could do the analysis BEHIND the data and give us the real story. Thanks for illuminating the numbers in a way that tells us more than the media want us to know!
The NY Times is still reporting gloom, doom and a "slowing economy".
Anybody have a link to this data? I'd love to send this to some of my friends.
Actually, no. The story has been decided for the New York Times:
New York (New York Times) -- Economists are predicting dire consequences for the economy due to a rapidly overheating job market.
The non-farm payroll gain exceeded estimates by a factor of two yesterday, causing experts to raise an inflation alarm. "More jobs means too much money in the system, causing inflation," said N. Ever Satisfied, PhD in Economics and Professor at NY University. "I blame Bush for this horrible crisis," he added.
We need a commercial with those idiot quotes seperated by REAL numbers.
You are correct.
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