jobs 110k 220k expected

[Robert Oak]

Papau usually posts this so hopefully he'll add his fantastic details.

The Labor Department reported a net gain of 110,000 jobs to U.S. payrolls in the month, down from the revised 243,000 in February. That was only half of the hiring forecast by economists surveyed by Briefing.com, whose average estimate was 220,000.

Despite the disappointing payroll number, the unemployment rate fell to 5.2 percent from 5.4 percent in February. That marked the lowest unemployment rate since September 2001, the month of the Sept. 11 terrorist attack. Forecasts had been for the unemployment rate to edge down to 5.3 percent.

The unemployment rate is generated by a separate survey of households, which showed a drop in the number of people unemployed last month. But the survey is considered far less reliable by most economists.

The report marked the eighth time in the last 10 months that payroll growth has come in well below forecasts by most economists. It also is less than the 150,000 gain in employment seen as necessary to keep pace with population growth.

http://money.cnn.com/2005/04/01/news/economy/jobs_march/index.htm?cnn=yes

what's most interesting is the unemployment rate. The long term
unemployed must be absolutely massive.

[JackD76]

1. Have we regained the jobs that Bush lost yet?

[mhr]

6. No, Not When You Consider The Jobs Never Created

See the expert comments below:

"Overall, this level of (job) creation represents the worst job performance since the Bureau of Labor Statistics began collecting monthly jobs data in 1939 (at the end of the Great Depression)."

http://www.jobwatch.org /

"In the previous five expansionary economic cycles the average increase in employment over the first 39 months was 10.1%. In the current cycle the increase is 1.5%.

If employment had climbed by 10.1 % since November 2001, we would have added 13.2 million jobs instead of the 1.9 million actually reported. That’s a difference of 11.3 million jobs."

http://www.comstockfunds.com/screenprint.cfm?newsletterid=1165

My Conclusion: The American middle class is fast approaching demise and will need life support to survive!

[SnoopDog]

2. Since the idiot took office...

how many Americans are out of work?

Can anybody help me find out what has happened job-wise since 2001?

I am trying to figure out how many Americans have lost their job due to outsourcing, how many jobs were created, and in general, a comparison of 2001 'people working' vs now.

thanks

[Robert Oak]

4. there's some good stuff from Papau do a search

he calculates out birth death cycles...

in terms of outsourced jobs, I still don't see a true tally
and then often the tallies that exist are the ones who only count
the true "fired" and then shipped versus the more common
"re-creation" of the job overseas and a "downsizing" in the US.

techsunite.com has a tally and we have a few links also.

[SnoopDog]

5. thank you...

I am trying to figure out our USA Job situation..

[Robert Oak]

7. still contraction of 0.3%

Payroll jobs are now 415,000, or 0.3%, greater than at the start of the recession 4 years ago (March 2001). However, private-sector jobs are still down by 389,000, a contraction of 0.3%. The 804,000 jobs created in the government sector in this time explain the difference between growth in total payroll and private-sector jobs.

www.jobwatch.org

[SnoopDog]

8. I went to your site...

Just briefly tho....

Is your thrust not to outsource jobs?

There is nothing more disgusting that shipping our American jobs over seas. We need our Americans working and being productive in our society. A working man/women means they can support their family, contribute to Social Security (what a concept), and have a general feeling of well-being.

Ok, I don't understand the .3 percent - sorry - can you explain?

[Robert Oak]

9. well in a nutshell, yes but much more complex

unfortunately there is no black and white answer, but yes
the lack of calculating in the middle class of a nation and keeping
the nation self sufficient just plain isn't calculated at all in many
economic theories/equations, esp. "free trade"...which itself
has been truly misrepresented and amazing a front for a big fat
greed lie by multinational corporations also.

Basically we recommend a "fine tuning" approach but fundamentally
the nation is the middle class, not corporations. Fine tuning
implies probably a ban on all military, government and defense
contracts being offshore outsourced but other tools from the tax
code restructuring to stopping some series loopholes by corporations
to stopping offshore incorporation and affiliation with US benefits to demanding
environmental rights, worker rights world wide

(the original lie was we would raise the 3rd world up to 1st world economies...total lie...it's outright slavery in many right now, esp.
China...so in order to meet the promise, one must have unions, workers
rights, health, environmental stds. etc. as part of any trade agreement)
It goes further to addressing the budget
deficit (this affects jobs indirectly) to tackling these royally screwed up trade agreements that really were pushed by multinational corporations. For example, NAFTA has not raised the std. of living in Mexico (it's gone down and now we have masses of illegal immigrants pouring over the border repressing the US labor pool/wages dramatically)
and NAFTA didn't help the US either...it only helped a few elites running Mexico and multinational corporations.

So, in a nutshell to stop outsourcing, which we're basically saying
people are not a "labor commodity" (which is how it looks in economic equations) ...they are citizens of a nation state and thus
it's a *must have* to make sure they are all taken care of by that very nation state. In other words, if a policy does not benefit
the people, the majority, who are the nation state...instead
does the opposite (and don't let the propaganda fool you, the current
polies do the opposite, the statistics show this)..it should not be part of the nation state agenda (i.e. the people run the country, not multinationals and special interests)

This conclusion seems fairly socialist, but it's not completely...
more everything I read shows a number one world economy also happens to coincide
with a large middle class and is a result of more a mix of capitalism with socialism...which is kind of "FDR new deal" like concepts...
(except for plain slavery states, which of course give the most profits...but we're saying that is morally unacceptable in the modern world).

So, remedies are fairly complex...for outsourcing is a multiple faceted problem as to how it came about in the first place (due to trade policies, using of H-1B VISA and education by 3rd world to gain a comparative advantage, tax policies (mainly corporate but also individual, deregulation, erosion of workers rights, unions and so forth) so one needs
revamped policy in about every aspect that government is supposed to be involved in to keep the world "trading goods not jobs" but still
thriving in a global economy.

So, in a nutshell, we're listing a series of texts that give
insights and tools into theories that are correct and "fine tuning" tools that will help.

In a nutshell, if it's not profitable, they won't do it...
if it is or made to seem like it is they will...

and even worse, seemingly US corporations only plan about 1.3 years
in advance when it comes to economic planning...i.e. short term
profits and damn the long term outlook or plan.

[SnoopDog]

10. Thanks Robert Oak...

Two questions:
1. I still do not understand the .3% and
2. What is your nationality?

Thanks.....

[Robert Oak]

11. 3% total contraction in private sector jobs

my nationality???

Clearly I'm a US citizen...i'm writing enough crud trying to save
the place.

[jmcon007]

3. Yeah, but freedom's on the march.

[screembloodymurder]

12. Have you noticed how important last months figures were

compared to this months. Strange how these estimators keep their jobs when they're only batting 2 for 10. What a * joke.