Confession of a Neocon (Newly Confused) I am confused and I want to know....... - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 53 (permalink) Old 04-08-2007, 10:34 PM Thread Starter
~BANNED~
 
Jakarta Expat's Avatar
 
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
Confession of a Neocon (Newly Confused) I am confused and I want to know.......

If Bush and Cheney are so bad and detrimental for the US then why this jobs report?

Unemployment rate drops to 5-month low


America's employers ramped up hiring in March, driving the unemployment rate down to a five-month low of 4.4%. It was a surprisingly strong performance in an economy that has otherwise shown signs of sluggishness recently.
The new snapshot, released by the Labor Department today, also showed that companies boosted their payrolls by a strong 180,000 employees in March, the most since December. Workers also saw their paychecks get bigger. The fresh figures suggested that companies are not feeling a need to dramatically clamp down on hiring in the face of the slower overall economic activity and the deep housing slump.


"There's been worry that housing troubles would seep into the rest of the economy and hurt jobs, but that is not happening now," said Bill Cheney, chief economist at John Hancock Financial Services. "This says employers are finding that they need people, and when they need people, they hire them. These are good, healthy numbers," he said. Stronger than expected

The report was stronger than economists were expecting. They were calling for the economy to add around 135,000 jobs in March and for the unemployment rate to actually edge up to 4.6%.

The 4.4% unemployment rate, which dropped down a notch from 4.5% in February, matched the rate in October.

Jobs gains in March were fairly widespread, except for the struggling manufacturing sector, which continued to shed jobs for the ninth month in a row; factories cut 16,000 in March alone. Some business services also trimmed jobs, by 7,000 last month.


Construction companies, after suffering heavy job losses in February in part due to lousy winter weather, bulked up in March. They added 56,000 positions last month, the most in just over a year. Retailers added nearly 36,000 jobs last month. Education and health-care services expanded employment by 54,000. Leisure and hospitality picked up 21,000 jobs, while the government added 23,000. Good news in January, February

Adding to the positive showing, job gains in January and February turned out to be stronger than previously reported. The economy added 113,000 positions in February, up from a prior estimate of just 97,000, which had marked the slowest job growth in two years. In January 162,000 jobs were created, better than the 146,000 previously reported.

Workers' wages grew modestly.

Average hourly earnings rose to $17.22 in March, a 0.3% increase from February. That matched economists' expectations. Over the last 12 months, wages grew by 4%. Inflation fears

Solid wage growth is good for workers and supports consumer spending, which is indispensable to the economy's good health. But a rapid pickup -- if prolonged and not blunted by other economic forces -- can raise fears about inflation.

Spiraling inflation would whittle away any wage gains, hurting workers' wallets. It isn't good for the economy, either.
One of the things the Federal Reserve is keeping close tabs on is inflation. Another is business investment, which has been weak. Those economic crosscurrents complicate the Fed's job of keeping the economy and inflation on an even keel.
The Fed's key interest rate hasn't moved since August. Before that, the Fed was steadily raising rates for two years to fend off inflation.
The new figures comes as President Bush continues to cope with a lackluster job-approval rating of 35% from the American public, according to a new AP-Ipsos poll. On the economy, the just 38% approve of the president's economic stewardship, while 60% disapprove, the poll shows.

Tapping into that discontent, Democrats are championing policies to close the gap between low- and high-income workers, make it easier for workers to form unions against company wishes and taking a harder stance with respect to the Bush administration's free-trade deals.
Beyond March's employment report, there were some challenges for job seekers, however. For one thing, the job hunt got longer.

The average time that the 6.7 million unemployed people had spent in their job searches was 17.3 weeks in March, compared with 16.4 weeks in February.
Economists predict the economy will remain in a sluggish spell in the months ahead. For the recently ended January-to-March quarter, some analysts are predicting growth will clock in at close to 2%, which would represent a further slowing from the 2.5% growth rate logged in the final three months of last year.
As the economy slows, the unemployment rate also is expected to creep up, reaching close to 5% by the end of the year.
Federal Reserve Chairman Ben Bernanke believes the economy is working its way through a soft patch and won't fall into a recession this year. However, former Fed chief Alan Greenspan has put the odds of the economy sliding into a recession this year at one in three.


Unemployment rate dips to 5-month low - MSN Money
Jakarta Expat is offline  
Sponsored Links
Advertisement
 
post #2 of 53 (permalink) Old 04-09-2007, 12:32 AM
~BANNED~
 
Date registered: Aug 2002
Posts: 41,649
Mentioned: 6 Post(s)
Quoted: 1761 Post(s)
spin city
Shane is offline  
post #3 of 53 (permalink) Old 04-09-2007, 06:19 AM
BenzWorld Elite
 
FeelTheLove's Avatar
 
Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Posts: 28,829
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
The real question is, given all the good news on the economy, why does the country by a large majority, increasingly despise these men?

Perhaps it is the fact that it has become widely known that they are men without honor, liars, perjurers and war criminals.
FeelTheLove is offline  
post #4 of 53 (permalink) Old 04-09-2007, 06:29 AM
BenzWorld Elite
 
Roch207's Avatar
 
Date registered: Jul 2004
Vehicle: 2005 E320 CDI, 1995 E300D, 2002 Avalanche
Location: Southcoast Massachusetts
Posts: 1,485
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
War economy. Got to make bullets, armor and other machines of death.

Why do we despise our leadership? How about the embarassment of being represented by a mush mouthed red neck who has no command of the English language and who is surrounded by advisors collected from the crypts of purgatory.
Roch207 is offline  
post #5 of 53 (permalink) Old 04-09-2007, 07:18 AM
BenzWorld Elite
 
FeelTheLove's Avatar
 
Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Posts: 28,829
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
That too.
FeelTheLove is offline  
post #6 of 53 (permalink) Old 04-09-2007, 09:15 AM
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Only a few losers around here hate our President and Vice President. By and large, this has been one of the most effective administrations on record in dealing w/ almost every aspect of governance from economic to military matters--and most things in between. In spite of incredible disasters, man made and natural, including the most hateful democrat opposition to everything they have tried to do, they have done a remarkable job on behalf of all of us and the world. Only the enemies of our country hate them--mostly because they fear them.

Don't believe everything you think
Jayhawk is offline  
post #7 of 53 (permalink) Old 04-09-2007, 10:40 AM
BenzWorld Member
 
Date registered: Jan 2007
Vehicle: '04 E320 AWD
Location: Central NJ, USA
Posts: 292
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Shane
spin city
Thoughtful. Well-reasoned...
dorfman24 is offline  
post #8 of 53 (permalink) Old 04-09-2007, 10:40 AM
BenzWorld Member
 
Date registered: Jan 2007
Vehicle: '04 E320 AWD
Location: Central NJ, USA
Posts: 292
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by FeelTheLove
The real question is, given all the good news on the economy, why does the country by a large majority, increasingly despise these men?

Perhaps it is the fact that it has become widely known that they are men without honor, liars, perjurers and war criminals.
Interesting. I'll have to reflect further on the well-researched points you raise...
dorfman24 is offline  
post #9 of 53 (permalink) Old 04-09-2007, 10:46 AM
BenzWorld Elite
 
old300D's Avatar
 
Date registered: Jul 2003
Vehicle: '83 240D
Location: Denver
Posts: 3,774
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Jayhawk
Only a few losers around here hate our President and Vice President. By and large, this has been one of the most effective administrations on record in dealing w/ almost every aspect of governance from economic to military matters--and most things in between. In spite of incredible disasters, man made and natural, including the most hateful democrat opposition to everything they have tried to do, they have done a remarkable job on behalf of all of us and the world. Only the enemies of our country hate them--mostly because they fear them.
Thoughtful, well reasoned.

OBK #35

old300D is offline  
post #10 of 53 (permalink) Old 04-09-2007, 11:02 AM
BenzWorld Member
 
Date registered: Jan 2007
Vehicle: '04 E320 AWD
Location: Central NJ, USA
Posts: 292
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by old300D
Thoughtful, well reasoned.
...
dorfman24 is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Confused..please help lucus W164 M-Class 1 01-03-2007 07:41 PM
    Confused, need help!!! Darkmann W211 E-Class 2 07-29-2006 12:07 AM
    Confused ????? dodgy geezer W140 S-Class 19 04-26-2006 11:18 AM
    IM Confused markcedes G-Class 1 08-29-2005 03:22 PM
    confused about the M Z3... Shinigami R170 SLK-Class 5 02-22-2003 10:46 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome