Jobs up 290,000, Jobless rate raises to 9.9 percent

Source: AP, Yahoo News.

WASHINGTON – More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market looking for work.

The hiring of 66,000 temporary government workers to conduct the census helped overall payroll growth last month. However, private employers — the backbone of the economy — boosted jobs, too. They added a surprisingly strong 231,000 positions last month, also the most since March 2006, the Labor Department reported Friday.


Read more: http://news.yahoo.com/s/ap/20100507/ap_on_bi_go_ec_fi/us_economy

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The Asshole Thugs say Obama hasn't done anything with the economy?
How will they spin this news?

It means things are coming back. Analyists expected 190,000 job growth. This is 50% more than expected. Very significant start to recovery.

That number (190,000) is from this story...in the New York Times.

http://www.nytimes.com/2010/05/08/business/economy/08jobs.html?hp

If the rate goes down because people left the workforce, only raw job numbers matter and it's bad news.

Now the rate has gone up because people entered the workforce, I guarantee it will still be bad news.

of job growth in my area. A number of help needed signs are up. I have seen four or five in the last 60 days. It is a start.

Reagan used to claim this as well: "Why is everyone complaining? The phlogiston factory's hiring!"

I'm embarrassed to have to point this out.

the unemployment rate is artificially low for this very reason, and that's something that the boosters have consistently denied on this forum.

So, you are saying that the unemployment numbers do not accurately reflect the number of unemployed? Where else would these happy little job seekers come from besides from the ranks of the unemployed? You can't have it both ways. Either the unemployment numbers are dead wrong (because they are NOT counting ALL the unemployed) or they are right and we have just had an increase in unemployment. :eyes:

This theory of the shadow unemployed coming out in good times is just pure bunk.

The truth is there is a huge uncounted group of unemployed that the gubermint, including the Obama administration, hides from the public so things look rosier and people wont revolt (while they not so secretly funnel all our resources to the uber wealthy).

Since the unemployment number is wrong, it can not be used as a gage to indicate the extent of unemployment, but it can indicate a trend. The trend is.... more unemployment.

This press release is schizophrenic, led by this gem:
"The jobless rate rose to 9.9 percent as people streamed back into the market looking for work."

Maybe DU should up its critical thinking numbers - that could be done with a stroke of a pen as well.

Having people that gave up looking for work return to the labor pool means they're more confident they might actually get something.

The news last fall was improperly nonschizophrenic--or, at least, you had to look hard to find the schizophrenia. Why? Because when those workers exited the pool and yielded a reduction in the unemployment number, people trumpeted this as good news. After all unemployment went down! Woo-hoo. Or, perhaps, Woo woo.

The job creation numbers are inflated and anemic. They could be better. Much better. And they'll need to be much better. Oddly, the numbers under * were horrible, the same numbers now are gold. They were anemic then and they're still anemic. The only difference is partisanship and hope--a nice trait, but it doesn't pay the mortgage.

As for much of the rest, it's just post hoc thinking. X happened; Y happened after X; X caused Y. For many, the mere proposal of causality or a causal mechanism is considered solid proof of causality.

This isn't doom and gloom. This is just looking at facts. Recessions have always ended. Recessions will always end. That they end after a stimulus package is passed sometimes is due to the stimulus package and sometimes not. (Heck, sometimes the stimulus package is passed by Congress months after the recession's over, and partisans still give the stimulus credit for what had gone before. In other words, Y happened; X happened after Y; X caused Y. I hate it when people try for causality and instead get ytilasuac.

290,000 in April, plus 121,000 in positive revisions for March and February.

This country is getting almost half a million a week of new unemployment claims. That's about 2 million claims a month. The unemployment office is so busy, we couldn't call in cause their phone lines were jammed.

If you gave up looking for a job, you CAN NOT file for unemployment. Only people who lose jobs can file.

Don't buy the lies. Use your logic and common sense to reason these things out.

I am not understanding what you're trying to get at. There will always be a churn of jobs at a certain level even when the economy is doing great. (I am not saying this economy is doing great, I am just tired of people who greet all good news with, "but what about...")

weekly new unemployment claims was about 360,000. So, we are still not back to where we were when the RepubliCONS destroyed our job markets.

However, some people are claiming that initial claims have been declining because of tighter eligibility standards and the disappearance of jobs that would make a person eligible for unemployment. There are more people working part-time, working for themselves and hiring out as subcontractors, which makes them ineligible for compensation. This does not include continuing claims which have seen more generous eligibility standards. So the decrease of claims are not due to decrease in the number of people losing their jobs but due to the decrease of full time and non-self-employed, non-contract jobs.

So, because of tighter eligibility standards, we should see a drop below the average prior to this depression. And we seem to be stuck at about half a million.

He predicted 250-500K new jobs in each of the next two months. 290K is within that frame.

ghost jobs, don't exist except on some excel worksheet in the BLS department

and 66,000 are temporary census jobs.

So counting only the real jobs, 36,000 jobs were added.

As long as it's a temporary position.
:shrug:

I'd love to know where these companies are which are hiring dead people. I'd just as soon have one of those jobs myself, though be living.

in the BLS estimates of job creation (or loss). http://www.bls.gov/web/empsit/cesbd.htm

I wonder if the poster feels the -427,000 adjustment in January is also nothing but an entry on an Excel spreadsheet.

Works both ways if we're going to play that game.

Please call your Congressfolk and demand a Tier 5 extension.

Things will improve for everyone. That's the only key stat to look at. More jobs being created means more pay for current workers, means more money in the economy, means more jobs being created.

Sorry DU doomers. You are wrong.

The U.S. population of workers grows each month because the birth (and immigration) rates in the U.S. remains positive.

This, each month the economy has to add around 150,00 jobs just to keep pace with population growth.

This quite aside from the number of "discouraged" workers- or those otherwise excluded from the official labor force.

...but it spoils the narrative. Prepare to be called names for that.

although have some have been puzzled by unemployment increasing, which occurred largely because one also has to add in increases in the numbers of those included in the official labor force.

What I mean by positive is the exceeding the population increase.

If that gets positive and remains positive, then employment will improve.

I'm sorry that the data is destroying your narrative about the economy, and dashing your hopes that a completely collapsed economy will lead to some kind of liberal utopia.

The data is good news and the economy is improving.

"All manner of businesses were hiring, including those in manufacturing, leisure and hospitality and health care. One of the strongest gains occurred in manufacturing, which added 44,000 jobs, the largest increase since 1998. "

"...increases in exports as well as consumer demand for automobiles and computers were driving part of the rebound."

http://www.nytimes.com/2010/05/08/business/economy/08jobs.html