March jobs report: Hiring slows, Unemployment falls

[pphilfran]

http://money.cnn.com/2012/04/06/news...x.htm?iid=Lead

NEW YORK (CNNMoney) -- Hiring slowed dramatically in March, clouding optimism about the strength of the recovery.

Employers added 120,000 jobs in the month, the Labor Department reported Friday, falling far short of economists' expectations.

The number marked a significant slowdown in hiring from February, when the economy added 240,000 jobs.

"It's discouraging that job growth was half of what it had been the previous month," said Christine Owens, executive director of the National Employment Law Project.

Meanwhile, the unemployment rate fell to 8.2% as the labor force shrank by 164,000 workers, mostly due to white women leaving the job market.

The hardest hit industry was retail, which lost 33,800 jobs, mostly at department stores.

On the positive side, manufacturers created 37,000 jobs, professional services created 31,000 jobs, and health care added 26,000 jobs.

Restaurants and bars were also a large job creator, hiring 36,900.

Public sector job losses continued to slow. The government has been bleeding jobs since the middle of 2010, but recently those layoffs have started to wind down. The government cut just 1,000 jobs in March, while private businesses -- which have steadily been hiring for two years straight -- added 121,000 jobs.

[TheHumanAlphabet]

O'Bummer Fail...

[hawaii 5-0]

So bottom line.........

More jobs or less jobs?



Strange that so many want the Country to fail. Sad too.

5-0

[yermom]

where the white women at?

[pphilfran]

where the white women at?

I also liked that line...

[Midtowner]

Strange that so many want the Country to fail. Sad too.

Some hate the Pres. so much that they'd rather see this country go down the crapper than have him preside over its recovery.

[REDREX]

Some hate the Pres. so much that they'd rather see this country go down the crapper than have him preside over its recovery.

----If the Gov't had stayed out of the way the economy would recover

[pphilfran]

----If the Gov't had stayed out of the way the economy would recover

It they had completely stayed out of the way we would be recovering...from 25% unemployment...no supporting data only my own wild guess...

[REDREX]

It they had completely stayed out of the way we would be recovering...from 25% unemployment...no supporting data only my own wild guess...

---How much do you think the stimulus helped?----- It was just a Trillion $ waste------But we are now NUMBER ONE in the World in Corporate Tax-----Don't think that is helping?

[StoopTroup]

Some hate the Pres. so much that they'd rather see this country go down the crapper than have him preside over its recovery.

Some don't. Checkout Howard Schultz interview with Piers Morgan. Schultz refuses to give money to either party as he believes they and many Corporations are products of their own mistakes and that they all focus on profits so much that it will be the demise of the US. He's asked for more bipartisan negotiations so that they can create more of a Social Conscience that works by balancing that conscience with profitability. What we see instead is putting blame on Americans and outsourcing their jobs.

Now many of these Corporations are just sitting on those profits and asking for guaranteed success before coming back to America. They are Corporations without a Country. They sold off their patriotism and then other Countries turned them into outsiders and started backing knockoffs instead of the "we are open for business" approach they had to our Corporations that left 10-20 years ago.

I don't feel sorry for them. They want it both ways. They want to sell off our jobs and then come back to America asking us to help them with tax breaks so they can set up shop here again.

Guys like Schultz didn't buy in to the outsourcing and now should be rewarded for staying IMO instead of those that are asking for a fixed or lowered tax shelter to invest their money in.

[soonercoop1]

http://money.cnn.com/2012/04/06/news...x.htm?iid=Lead

NEW YORK (CNNMoney) -- Hiring slowed dramatically in March, clouding optimism about the strength of the recovery.

Employers added 120,000 jobs in the month, the Labor Department reported Friday, falling far short of economists' expectations.

The number marked a significant slowdown in hiring from February, when the economy added 240,000 jobs.

"It's discouraging that job growth was half of what it had been the previous month," said Christine Owens, executive director of the National Employment Law Project.

Meanwhile, the unemployment rate fell to 8.2% as the labor force shrank by 164,000 workers, mostly due to white women leaving the job market.
The hardest hit industry was retail, which lost 33,800 jobs, mostly at department stores.

On the positive side, manufacturers created 37,000 jobs, professional services created 31,000 jobs, and health care added 26,000 jobs.

Restaurants and bars were also a large job creator, hiring 36,900.

Public sector job losses continued to slow. The government has been bleeding jobs since the middle of 2010, but recently those layoffs have started to wind down. The government cut just 1,000 jobs in March, while private businesses -- which have steadily been hiring for two years straight -- added 121,000 jobs.

WTF? So 1/2 the jobs created as the previous month and white women left the job market but the rate fell? Again WTF?

[Midtowner]

---How much do you think the stimulus helped?----- It was just a Trillion $ waste------But we are now NUMBER ONE in the World in Corporate Tax-----Don't think that is helping?

#1 in corporate tax rate, yes.

Tax burden? Not even close. Which number matters more?

[diverdog]

#1 in corporate tax rate, yes.

Tax burden? Not even close. Which number matters more?

Yep they always talk about the statutory rate and not the effective rate. We are not even close to the top in effective rate. Just another BS talking point on the right.

Our taxes (effective) are very low in this country as compared to the rest of the world.

[Midtowner]

Yep they always talk about the statutory rate and not the effective rate. We are not even close to the top in effective rate. Just another BS talking point on the right.

Our taxes (effective) are very low in this country as compared to the rest of the world.

Catchy talking points aimed at the ignorant are pretty effective. Besides, the C-Corp tax rate doesn't apply to the vast majority of small businesses which are S-Corps where tax isn't paid until it becomes payroll tax. C-Corps are big companies (typically) which have selected to be C-Corps for various reasons, in most cases, it's because the C-Corp will be more profitable as a C-Corp (even while paying those corporate taxes) than the S-Corp model, or for other advantages.

[REDREX]

Catchy talking points aimed at the ignorant are pretty effective. Besides, the C-Corp tax rate doesn't apply to the vast majority of small businesses which are S-Corps where tax isn't paid until it becomes payroll tax. C-Corps are big companies (typically) which have selected to be C-Corps for various reasons, in most cases, it's because the C-Corp will be more profitable as a C-Corp (even while paying those corporate taxes) than the S-Corp model, or for other advantages.

--- The left is the King of talking points to the ignorant---Like that the top payers are not paying their "fair share" ,the Buffett tax would make a dent in the deficit or Obamacare will lower healthcare costs ----all fiction.--- The country has a SPENDING problem that more taxes will not fix

[soonercruiser]

Some hate the Pres. so much that they'd rather see this country go down the crapper than have him preside over its recovery.

What recovery???

To get one, OBummer will have to return to the private sector.

[REDREX]

What recovery???

To get one, OBummer will have to return to the private sector.

----What do you mean "return to the private sector" ,when did he ever have a job in the private sector ?

[Turd_Ferguson]

----What do you mean "return to the private sector" ,when did he ever have a job in the private sector ?

He was a commrunity organizer...pay tention.

[soonercoop1]

Yep they always talk about the statutory rate and not the effective rate. We are not even close to the top in effective rate. Just another BS talking point on the right.

Our taxes (effective) are very low in this country as compared to the rest of the world.

Not sure the right as you call it DD is all that "corporatist" anymore....pro small business probably not big fans of the big corporations...ie GE etc...

[yermom]

that's a joke, right?