Posted on 05/06/2011 6:15:26 AM PDT by tobyhill
U.S. companies added more jobs than expected in April, but the unemployment rate rose for the first time in five months and the economy's recent slowdown is likely to keep a lid on gains.
Nonfarm payrolls rose by 244,000 last month as the private sector posted the strongest employment gain in five years, the Labor Department said Friday in its survey of employers. The March data were revised upward to show an increase of 221,000 jobs, from a previous estimated gain of 216,000.
(Excerpt) Read more at online.wsj.com ...
Make that twice. The third election there were lots of folks working for the War Department.
Can’t find the exact quote yet, but;
http://www.nytimes.com/2011/05/07/business/economy/07jobs.html
Austan Goolsbee, chairman of President Obama’s Council of Economic Advisers, noted that the economy had added 2.1 million private sector jobs in the last 14 months, including more than 800,000 this year.
“63,000 of these jobs are McDonald’s jobs during their temporary hiring blitz.”
And considering their target market, it’s really just another government jobs program - a tax-churning operation financed by welfare $$.
Gets better;
http://content.usatoday.com/communities/theoval/post/2011/05/obama-on-jobs-we-are-making-progress/1
Seeking credit for creation of more than 2 million new private sector jobs in 14 months, President Obama said Friday that “we are making progress” on the economy, but challenges remain — notably high gas prices.
“That is a headwind we’ve got to confront,” Obama told employees at an auto transmission plant in Indianapolis, Ind.
great infographic- thanks for posting.
Our current situation makes the 2000 implosion seem like nothing.
Didn’t Clinton change the definition of ‘unemployment’ in the 1990’s in order to be able to claim lower unemployment?
How would this graphic look if we use one consistent definition of unemployment for all the years covered?
Here it is, from the top;
http://www.indystar.com/article/20110506/NEWS/110506010/Obama-want-energy-breakthroughs-Indiana?odyssey=tab|topnews|text|IndyStar.com
This morning, Republicans were pointing to an unemployment rate that ticked up a bit, to 9 percent nationwide. Obama, in Indianapolis, was celebrating a different number: 268,000 new private sector jobs added in April.
“That means over the last 14 months,” Obama said, “we’ve added more than 2 million jobs in the private sector.”
That came, he said, despite “serious headwinds” for the economy, including the Japanese earthquake and tsunami which has disrupted industry here , and “high gas prices that have been eating away at your paychecks.”
It bears repeating that EVERY single month of Obama’s presidency has had a higher unemployment rate than ANY single month of Bush’s eight years in office. I tell that to liberals and they are dumbstruck and have no response, other than to say today’s unemployment rate is still Bush’s fault.
Mrs. Prince of Space
The actual unemployment rate is 19%. People on unemployment insurance should do community service from 7 am until 6 pm every day but Sunday or lose benefits.( provide child care by unemployed) You would see unemployment drop out of the sky!!!
DUh-bama and the DUmocrats could learn something from a pet squirrel....
http://www.youtube.com/watch?v=IWVB1ghsoBs
Posts of the day!
“Finally. An honest headline.”
I don’t know about that; the American people wish unemployment was only 9%.
“The unemployment stats are so cooked for political purposes that they really mean nothing.”
That’s true, but this depression is so widespread & systemic that there is no way to hide the truth. Lying about the economy doesn’t make it so; Obama’s screwed. He was elected by people without hope; now they know he can (or will) do nothing for them.
“The actual unemployment rate is 19%. People on unemployment insurance should do community service from 7 am until 6 pm every day but Sunday or lose benefits.( provide child care by unemployed) You would see unemployment drop out of the sky!!!”
I’m not unemployed, but people have a right to that money (which will run out) - it was involuntarily taken from their paychecks. I think your plan should be for those with no means of support, though even then I don’t see how they’d find work anyway. Check out CareerBuilder or Monster to see what the job market really looks like (in any ZIP code); there are only so many cell phone salesman the market can absorb. Blaming the unemployed only goes so far; this is a global crisis. I even understand the actions of people who lost jobs earning $70K who later turned down jobs earning $25K while they were collecting unemployment; they would have actually lost income (and their homes) even sooner, and thought this downturn was temporary. In those cases, at least they got back the maximum return for their involuntary contributions into the unemployment system!
“”I’m not unemployed, but people have a right to that money (which will run out) - it was involuntarily taken from their paychecks””””
The EMPLOYER pays it, not the employee. It is possibly different in some states but I’ve been an employer for 30 years in a number of states and the employee has never paid one cent of the unemployment insurance I have to pay for.
That is a myth. I could also pay my employees more if I didn’t have to pay for a building, vehicles, lights, gas, tools,.....
In NJ it is deducted from our paychecks (”S.U.I.” - State Unemployment Insurance), and the employer pays as well. The employer pays it out, and I believe the fed. gov’t. funded the extensions (the employers aren’t on the hook indefinitely).
That’s true, but in NJ we have it taken out of our checks (see # 59).
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