« | »

Media Breathless Over March Job Report

From the now tireless boosters at the Associated Press:

Job creation expected in March as recovery builds

By Christopher S. Rugaber And Tali Arbel, AP Business Writers

April 2, 2010

WASHINGTON – The economy is likely to have added jobs last month for only the second time since the recession began 27 months ago.

Even though the recession only began in December 2008, once the Democrats had been in control of Congress for two years:

And Mr. Obama was about to be made President.

That, economists say, would mark a significant turning point in the recovery. It would mean the worst is over and that more job creation could be on the way in the months ahead.

It could also mean that the Department of Labor is using a new method to count jobs. One they just started last month.

But, it does not mean enough new jobs are being created to bring down the unemployment rate.

The Labor Department’s March unemployment report is released at 8:30 a.m. EDT Friday.

How exciting. We don’t recall there ever being so much anticipation. Why is that?

Economists are forecasting that 190,000 jobs were created last month — the most in the past three years. The unemployment rate is forecast to stay at 9.7 percent for the third straight month, according to economists surveyed by Thomson Reuters.

Again, we are not experts like those analysts at Thomson Reuters, but this does not seem to compute. How can so many jobs be being created, so many more people be being hired – and yet the unemployment numbers are predicted to remain the same?

As many as 100,000 of the job gains could reflect temporary hiring for the U.S. Census. Roughly 50,000 more might simply be a rebound from February, when massive snowstorms on the East Coast kept some workers off company payrolls.

That would leave a respectable 40,000 new jobs created by private employers. Much of the gains are likely to come from the health care and temporary help industries…

40,000 new jobs is a far cry from the 95,000 jobs per month we were promised the Obama administration was going to produce every month.

By the way, these temporary Census workers get (at least) $21.95 an hour. Though they are not provided with healthcare benefits or a pension – which seems to be a crime our media has conveniently overlooked.

Even so, it reportedly costs the government (meaning the taxpayer) $60 every time one of these workers goes to an address to harass people for not returning their Census form.

But of course it is worth it.

This article was posted by Steve on Friday, April 2nd, 2010. Comments are currently closed.

2 Responses to “Media Breathless Over March Job Report”

  1. proreason says:

    “Much of the gains are likely to come from the health care and temporary help industries”


    that’s the ticket


  2. Rusty Shackleford says:

    The D of L should only count them if they are green jobs.

« Front Page | To Top
« | »