After tepid jobs report for U.S. in February, hiring bounces back in a big way

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After tepid jobs report for U.S. in February, hiring bounces back in a big way Empty After tepid jobs report for U.S. in February, hiring bounces back in a big way

Post by Ben Reilly on Sat Apr 06, 2019 9:39 pm

The buoyant jobs market that has helped sustain American households for the better part of a decade did not go anywhere.

After an unexpectedly weak February — just 20,000 new jobs were initially reported — concerns arose that the remarkable wave of hiring might be ebbing. But employment surged again last month, beating the expectations of most economists with 196,000 new jobs, the Labor Department said Friday.

Even lowly February looked better: The department revised its report upward to 33,000 jobs. And unemployment remained at 3.8 percent in March, while wage growth kept its momentum, ensuring that pay is growing faster than inflation.

“We think the labor market is the strongest thing in the U.S. economy right now,” said Luke Tilley, chief economist at Wilmington Trust. “We’re encouraged by the wage gains.”

https://www.nytimes.com/2019/04/05/business/jobs-report-unemployment-march.html

Have to admit I was worried after that low jobs report for February, even though there were some good reasons for it (i.e. huge swaths of America being in Arctic conditions certainly didn't help). And the U.S. jobs report is a pretty decent thumbnail gauge for how the world economy is going.

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After tepid jobs report for U.S. in February, hiring bounces back in a big way Empty Re: After tepid jobs report for U.S. in February, hiring bounces back in a big way

Post by Original Quill on Sat Apr 06, 2019 11:04 pm

Are they manufacturing jobs? Of course not, manufacturing is losing positions to technology, not foreigners. So, what you see is an increase in 'Jack-in-the-Box', or minimum wage, no benefits jobs.

By my calculation, this means the wealthy get richer, while the unclean peons must accept morsels. Again, the 1% control all of America, while the 99% suck eggs.

The jobs figures, like the stock market, are only for the richest people. It means more poor people for the rich to walk all over.

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Post by Ben Reilly on Sun Apr 07, 2019 12:29 am

Original Quill wrote:Are they manufacturing jobs?  Of course not, manufacturing is losing positions to technology, not foreigners.  So, what you see is an increase in 'Jack-in-the-Box', or minimum wage, no benefits jobs.

By my calculation, this means the wealthy get richer, while the unclean peons must accept morsels.  Again, the 1% control all of America, while the 99% suck eggs.

The jobs figures, like the stock market, are only for the richest people.  It means more poor people for the rich to walk all over.

That's a fair point, and it's a problem that's been going on for years. How do we solve it?

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Post by Original Quill on Sun Apr 07, 2019 12:32 am

>THE Ben Reilly< wrote:
Original Quill wrote:Are they manufacturing jobs?  Of course not, manufacturing is losing positions to technology, not foreigners.  So, what you see is an increase in 'Jack-in-the-Box', or minimum wage, no benefits jobs.

By my calculation, this means the wealthy get richer, while the unclean peons must accept morsels.  Again, the 1% control all of America, while the 99% suck eggs.

The jobs figures, like the stock market, are only for the richest people.  It means more poor people for the rich to walk all over.

That's a fair point, and it's a problem that's been going on for years. How do we solve it?

Education. Train people...stop encouraging coal mining, and support technical skills.

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If you can't indict, and you don't impeach, you've got villainy.

“That's libertarians for you — anarchists who want police protection from their slaves.” ― Kim Stanley Robinson, Green Mars
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