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.

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.

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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

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.

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But the feds can drop the corporate tax rate so smaller companies can compete better. Granted, the big guys have always gotten around taxes using skillful sleight of hand. Its the small and medium sized companies that need a boost.

__________________
1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

OMG!! I don't believe I am reading you right. Something we finally agree on. It is up to Private Business to do it not the govt.

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01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

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!!!!!

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'06 E320 CDI
'17 Corvette Stingray Vert

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.

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Question Authority before it Questions you.

I know, I know, I wish we could go back to the halcyon days of 2008...

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%.

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".

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

"It's an economic issue when the unemployment rate for folks who've never gone to college is almost double what it is for those who have," he said. "It's an economic issue when nearly eight in 10 new jobs will require workforce training or a higher education by the end of this decade. It's an economic issue when we know beyond a shadow of a doubt that countries that out-educate us today will out-compete us tomorrow."
President Obama, August 9, 2010

Many of these "college educated jobs" are nothing more than clerical jobs that use to go to non-college educated workers. Statiscally, the majority of college graduates have no more skills/intelligence than a good high school graduate.

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Question Authority before it Questions you.