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Re: U.S. Economy Added 115,000 Jobs in April; Unemployment Rate Dips to 8.1% 

By: Decomposed in FFFT | Recommend this post (4)
Fri, 04 May 12 6:52 PM | 47 view(s)
Boardmark this board | Food For Further Thought 		Msg. 41501 of 65535
(This msg. is a reply to 41497 by Decomposed)
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If anyone was wondering, this AP/ABC News article confirms what I just said.

Way to go, Team Obummer! After failing on Healthcare, what you've done to American workers could be your legacy!

More Americans have stopped looking for work. Democrats spin that as success.
 

Job Market Under Obama: It Depends How You Spin It

By CHRISTOPHER S. RUGABER AP Economics Writer
WASHINGTON May 4, 2012 (AP)


U.S. employers pulled back on hiring in April for the second straight month, evidence of an economy still growing only sluggishly. The unemployment rate dipped, but only because more people gave up looking for work.

The Labor Department said Friday that the economy added just 115,000 jobs in April. That's below March's upwardly revised 154,000 jobs and far fewer than the pace earlier this year.

The unemployment rate dropped to 8.1 percent last month from 8.2 percent in March. It's fallen a full percentage point since August to a three-year low. But last month's rate decline wasn't due to job growth. The government counts people as unemployed only if they're actively looking for work.

In April, the percentage of adults working or looking for work fell to the lowest level in more than 30 years. Many have become discouraged about their prospects.


More: http://abcnews.go.com/Business/wireStory/us-hiring-slows-sharply-115k-jobs-added-16277447




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Re: U.S. Economy Added 115,000 Jobs in April; Unemployment Rate Dips to 8.1%
By: Decomposed in FFFT
Fri, 04 May 12 5:48 PM 		Msg. 41497 of 65535

The population grows. Job creation stagnates. Yet unemployment DROPS???

That can only mean that more workers are dropping out. Giving up. Joining the ranks of the 'discouraged' - unemployed who have been in that state for SO long that they don't even receive benefits any longer.

Way to go, Democrats! Fixing the unemployment problem was the top priority of your President in 2009, wasn't it? None of us imagined then that this was what he meant - or that he'd spend over $5 trillion getting us here.

There are some 2 million more Americans out of work today than when Obummer took office. 


May 4, 2012

Unemployment rate drops, job creation stagnates

(MoneyWatch) The U.S. economy added 115,000 new jobs in April and the unemployment rate fell to 8.1 percent, the lowest level since January 2009. While some may focus on the rate, the more important fact is that job creation was disappointing.

2012 started off with a bang in terms of job creation. In January, the economy added 275,000 jobs; February was revised up to 259,000 from the originally reported 240,000; and March was also revised up to 154,000 from 120,000.

More: http://www.cbsnews.com/8301-505123_162-57427667/unemployment-rate-drops-job-creation-stagnates/?tag=breakingnews

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