These are the numbers Daniel Gross touts :
* Companies shed only 11,000 payroll jobs in November—the smallest drop since late 2007. For the past three months, the government’s first estimate of job loss figures has been high; when the November numbers are revised, there may be a job gain. Labor market recoveries are always a lengthy four-step process.
* First, as businesses stabilize, they fire fewer people. First-time unemployment claims are still elevated, but the four-week moving average is 474,000, the lowest in more than a year.
* Second, when demand begins to pick up, businesses prod existing workers to work harder, which is why we’ve just witnessed the fastest two-quarter productivity surge since 1961.
* Third, when growth persists, bosses give part-time workers more hours or bring on temporary workers. In November, the economy added 52,000 temporary jobs, the largest addition since 2004, and seasonal retail hiring for the Christmas season is up 37 percent this year.
* The final step—adding full-time positions—is happening now.
Services account for about 86 percent of jobs. And it’s here, not in the shrunken housing and finance sectors, where the employment recovery is taking hold. The Bureau of Labor Statistics said that the service sector added 58,000 jobs in November, the second straight month of growth. Among the new services workers are the 240 employees of the Elysian, a 188-room luxury hotel that opened Dec. 9 on Chicago’s Gold Coast.
Yeah, the democrats are job-creatin’ wild men!
The economy is fabulous!
We are rich, rich I tell you!
Uh-huh. So's Christmas!!
And yet I don’t see Obama giving Bush any credit for the one part of the government’s actions that’s worked.
When?
let’s see if Daniel Gross puts any money where his mouth is.
if not...then he’s just spouting hot air.........
I will not believe it until I see it. Normally I would say that the American economy will recover, for it always has; however, we are unchartered waters. We are drowning in debt, and if the country decided to embrace cap’ n’ trade and socialized medicine, how will recovery be possible?
Jobs are already 6 months late.
Massive Government intervention is continuing to slow the re-hire rate.
Their having way to much Eggnog over at Slate .
Yep. ACORN should be at full temporary employmemt come census time.
I doubt that “jobs are on the way,” because we (the lowly “consumers”) aren’t going to be buying much of anything for a very long time. Instead, we’ll have fun while working at our little, backyard production hobbies (like designing things, casting steel parts, etc.). See y’all on the other side of the big default. ;-)