Quote:
Originally Posted by MTI
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.
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......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.