http://www.myfoxdetroit.com/dpp/news/local/leduff%3A-the-recessions-over%2C-really%3F

Are you saying that trickle down hasn't rescued everyone, let alone Detroit, yet? Wall Street bonuses are back, corporate profitability and worker productivity are all up, up, up.

......and job growth is down down down..
A direct causal relationship.

NEW YORK — Stocks advanced modestly on Friday after a report said the unemployment rate fell last month but that new jobs remain scarce.

The government said the unemployment rate in January dropped to 9 percent, the lowest rate since April 2009 and a sharp fall from 9.4 percent in December. Economists had expected the unemployment rate to rise to 9.5 percent, in part because of harsh winter weather that affected much of the country.

At the same time, the government said that 36,000 new jobs were created last month, the fewest in four months. The slow job growth left some analysts doubting that the economic recovery is gathering momentum.


"We are seeing some improvements but the disappointing jobs creation shows that the job market is not back to where we need it to be," said Ryan Detrick, senior strategist at Schaeffer's Investment Research. The lack of new jobs will likely lead the Federal Reserve to continue its efforts to boost the economy, he said.....................
http://www.msnbc.msn.com/id/41422816


What's the reported number for job creation to be standing still? Something like 150,000 per month?

What recovery indeed.

Different economic sectors and populations have different results. I believe that African American unemployment is presently in the 15% range as a whole, with some areas as high as 24%.

This is not news. As many have said already there will be no bounce back from the bottom of the pit. Instead it will be a long period of bumping along the bottom of the trough. With the US manufacturing sector eviscerated and the jobs going overseas there will be no recovery.

- Peter.

__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

True on both counts.



A direct causal relationship to the poor quality of education blacks receive in inner-city schools. That is the biggest problem we face. It's got to be fixed.

And in my humble opinion, it's not a problem of gross dollar spending on education. It's the quality of the entire education "program".

is working outstandingly!


WOW! A whopping 36K jobs in one month!

Alert the presses - that's only a -65K a month deficit on workers entering the workforce.

DOH!!!!!

Correct up to a point. However the problem does not start in the schools and so it cannot be fixed there.

- Peter.

__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

Unemployment only dropped because many stopped looking for jobs, removing them from the list Mr. Government considers unemployed. If you measured unemployment as done in the 30's during the Great Depression, it would be much higher than 9.0%.

Best Regards,

David

__________________
_____________________________________________

2000 Honda Accord V6 137k miles

1972 300SEL 4.5 98k miles

_____________________________________________

Exactly right. The unemployment bubble has been a long time in the making. It's not Obama's fault. The Government is not responsible for creating private sector jobs.

I believe Obama and the Fed's have done just about everything they can to stimulate the economy and private sector hiring. Unfortunately, there isn't much more they can do. It's up to American businesses to start hiring, not the Government.

__________________
Question Authority before it Questions you.

Reuters:

WHY DID THE JOBLESS RATE FALL SO FAR WHEN JOB GROWTH WAS MODEST?

The employment report is compiled from two different surveys. Economists tend to look at the bigger and less-volatile survey of non-farm employers. That's the survey that yielded the 36,000 increase in employment.

The jobless rate is derived from a separate survey of households.

For its establishment survey, the Labor Department polls about 140,000 businesses and government agencies. In contrast, it polls only about 60,000 households for its household survey -- one reason economists rely more heavily on the poll of employers.

The household survey showed the number of people employed rose by 589,000 after adjusting for different population counts between the two months. The number of unemployed dropped by almost exactly the same count. That explains the drop in the jobless rate.

Interpreting the household series was particularly tricky for January because the government updates its population counts to incorporate fresher data, and that means comparisons between December and January are skewed. Some economists initially thought the drop in the jobless rate reflected an exodus of workers from the labor force.

However, a special data series smoothing out differences related to the new population count showed that the size of the labor force held steady.

So what do you want? More government stimulus and/or perhaps a government sponsored jobs program?

Where is the private sector? Aren't they the ones ultimatly responsible for creating job growth?

You whine and cry a lot about the government, but I see nothing from you or your cronies on how to create more Jobs.

__________________
Question Authority before it Questions you.

Now, now . . . one would have every right to critize, especially if the President said that the economy would be fixed in a short amount of time . . . he did, didn't he?

“This crisis didn’t happen overnight,” Obama said in his second prime-time news conference. And the recovery will take “many months,” he said, because “we’ve accumulated structural deficits that are going to take a long time” to rectify.
March 24, 2009

White House Press Secretary Robert Gibbs said at yesterday’s White House press briefing that the economic recovery “is going to take an enormous amount of time,” and when asked to clarify exactly what that meant, he said, “it’s going to take several years.”
September 22, 2010

As I’ve said many times before, it took us a long time to get out of where we are right now.

And the damage left by this recession is so deep that it’s going to take a long time to get out. It will take determination, persistence, and, most importantly, the will to act -– all elements that the American people have in abundance. October 11, 2010

Well, I guess he never said it was going to be fast or easy.

17% is the total unemployed number.

When the GOP stops spending all their time whining and complaining, perhaps they'll get off their collective asses and actually try to accomplish something. If it wasn't for the democratics working their butts off for the last 2 years, this ecomy would far far worse than it is now.

__________________
Question Authority before it Questions you.