« | »

4 Months Of ‘Strong Hiring’ Cuts Jobless .2%

From a relentless Associated Press:

Fourth straight month of strong US hiring expected

By PAUL WISEMAN
April 6, 2012

WASHINGTON (AP) — The U.S. economy probably generated more than 200,000 jobs in March, capping the best four months of hiring since before the recession.

Economists expect that U.S. employers added 210,000 jobs last month and that the unemployment rate remained at 8.3 percent for the third straight month, according to a survey by FactSet…

March will show the fourth straight month of "strong hiring," and yet the unemployment rate has only gone down a miniscule .2% since December’s 8.5%? And it has not gone down at all for three straight months? How does that work? Are we redefining the meaning of the word ‘strong’?

Lest we forget, we never heard the news media use the phrase "strong hiring" when unemployment was 4.5% under Bush. In fact, we were constantly told we were on the brink of a recession.

If the forecast proves correct, the economy would have added an average of 236,000 jobs per month since December. That’s the most for a four-month period in almost six years. It would also mark the first time the economy has created at least 200,000 jobs in four straight months since early 2000

And yet by every normal economic measure we are enjoying the worst economic recovery from a recession in the history of the nation.

An improving job market could boost President Barack Obama’s chances of winning a second term. This year’s election is expected to hinge on the state of the economy

Which is why the AP has ratcheted up its propaganda to the point where we get completely fictitious articles like this.

Former Massachusetts Gov. Mitt Romney, the likely Republican challenger, this week blamed the president’s policies for slow growth and high unemployment.

The Obama campaign has said that Romney would reinstate policies that led to the recession — lower taxes for the wealthy and less regulation for business

Right. Low taxes and a lack of government regulation always cause recessions.

For many, what matters most is the unemployment rate. It was 7.8 percent when Obama entered office in January 2009 and peaked at 10 percent nine months later. Since August, it has dropped from 9.1 percent to 8.3 percent, the lowest level in three years

Remember, we have been told by the AP that all that matters is that voters believe unemployment is trending in the right direction. So we will be hearing how these numbers are improving from now until election day.

And it doesn’t matter that we have never had such terrible unemployment numbers for so long since the Great Depression. We will never hear how we are suffering through the worst economy in the last seventy years.

Other data suggest the economic recovery is gaining strength. The number of Americans seeking unemployment benefits fell last week to a four-year low, the government said Thursday. Consumers are more confident. In February, they stepped up spending by the most in seven months.

The service sector expanded at a healthy clip in March and increased hiring, according to a private survey released Wednesday by the Institute for Supply Management. A separate ISM survey of manufacturers found that factories also added jobs and boosted production last month.

Companies are investing more, boosting factory output. Businesses ordered more machinery, equipment and other capital goods in February

These AP article which list all of the signs that our economy is once again booming sound just like the glowing farm reports Pravda used to put out under Josef Stalin. They predicted bumper crops year after year, while the country was in fact starving.

And they are written for roughly the same reason.

This article was posted by Steve on Friday, April 6th, 2012. Comments are currently closed.

No Responses to “4 Months Of ‘Strong Hiring’ Cuts Jobless .2%”

Sorry, comments for this entry are closed at this time.


« Front Page | To Top
« | »