Originally Posted By ecdc Well, not quite, but <a href="http://www.nytimes.com/2011/05/07/business/economy/07jobs.html" target="_blank">http://www.nytimes.com/2011/05...obs.html</a> Many more jobs were added in April than expected, and while short-term prospects are a struggle, the long-term outlook is gaining steam.
Originally Posted By ecdc BTW, to address the inevitable, "The second crash is coming! We are doomed, DOOMED!" response, I understand there's a long ways to go, there's caveats in this job news, and that much work must be done.
Originally Posted By Longhorn12 Adding Jobs is great, but how much longer do I have to hear people whine about how much better Reaganomics is?
Originally Posted By Dabob2 <Adding Jobs is great, but how much longer do I have to hear people whine about how much better Reaganomics is?> Forever. They're still doing it, despite supply side/trickle down having been thoroughly discredited among most serious economists, and 30 years of evidence that it just doesn't work. But evidence means little to true believers blinded by ideology, so don't expect the whining to stop any time soon.
Originally Posted By SingleParkPassholder Here's something ridiculous. Native Americans are complaining about the use of the word Geronimo. They say it equates them with terrorists. Never mind it also might equate them with conquest and victory. <a href="http://news.yahoo.com/s/ap/us_bin_laden_geronimo" target="_blank">http://news.yahoo.com/s/ap/us_...geronimo</a>
Originally Posted By BPSJP >> Many more jobs were added in April than expected, and while short-term prospects are a struggle, the long-term outlook is gaining steam.<< Damn hope you are right, but as we know over 60,000 of those jobs came from McDonald's and as we know unemployment went up to 9% for the first time in 5 months so things really are not looking good, but I hope your optimism and faith comes true.
Originally Posted By fkurucz ^^Even though new jobs were created, the unemployment rate rose as even more jobseekers returned to the workforce. Remember, "discouraged" unemployed who give up looking for a job are not counted in the U3 index which is reported in the news (the 9% rate). So if they start looking for work again the unemployment rate will rise if they can't landa job. The U6 index is a much better index as it includes discouraged job seekers as well as those who have part time jobs but want a full time job. The U6 rate is currently 15.9%
