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News & Current Events Discuss US employers add 217K jobs, rate stays at 6.3 pct at the General Forum; WASHINGTON (AP) -- U.S. employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes ... |
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![]() WASHINGTON (AP) -- U.S. employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year.
The May figure was down from 282,000 in April, a figure that the government revised slightly down, the Labor Department said Friday. But monthly job growth has now averaged 234,000 for the past three months, up sharply from 150,000 in the previous three. The unemployment rate, which is calculated from a separate survey, remained 6.3 percent. The job market has reached a significant milestone: Nearly five years after the Great Recession ended, the economy has finally regained all the jobs lost in the downturn. Still, more job growth is needed because the U.S. population has grown nearly 7 percent since then. Economists at the liberal Economic Policy Institute have estimated that 7 million more jobs would have been needed to keep up with population growth. Pay growth remains below the levels typical of a healthy economy. Average wages have grown roughly 2 percent a year since the recession ended, well below the long-run average annual growth rate of about 3.5 percent. One reason for the weak pay gains: Many of the jobs added since the recession ended in June 2009 have been in lower-paying industries. A similar pattern was evident in May: Hotels, restaurants and entertainment companies added 39,000 jobs. Retailers gained 12,500. Manufacturers added 10,000 jobs, construction firms 6,000. Many economists predicted late last year that growth would finally accelerate in 2014 from the steady but modest pace that has persisted for the past four years. But the economy actually shrank in the first three months of this year as a blast of cold weather shut down factories and kept consumers away from shopping malls and car dealerships. The U.S. economy contracted at a 1 percent annual rate in the first quarter, its first decline in three years. So far, employers have shrugged off the winter slowdown and have continued to hire. That should help the economy rebound because more jobs mean more paychecks to spend. Most economists expect annualized growth to reach 3 percent to 3.5 percent in the current second quarter and top 3 percent for the rest of the year. Recent economic figures suggest that growth is accelerating. Auto sales surged 11 percent in May to a nine-year high. Some of that increase reflected a pent-up demand after heavy snow during the winter discouraged car buyers. But analysts predict that healthy sales will continue in coming months, bolstered by low auto-loan rates and the rollout of new car models. http://finance.yahoo.com/news/us-emp...123249524.html |
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![]() Once again Mikeyy celebrates sh*tty as being better than really sh*tty.
"Still, more job growth is needed because the U.S. population has grown nearly 7 percent since then. Economists at the liberal Economic Policy Institute have estimated that 7 million more jobs would have been needed to keep up with population growth. Pay growth remains below the levels typical of a healthy economy. Average wages have grown roughly 2 percent a year since the recession ended, well below the long-run average annual growth rate of about 3.5 percent." More than five years after the recession ended, the Obama economy remains as sh*tty as ever. |
The Following User Says Thank You to Harvey For This Useful Post: | ||
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![]() Yes, wally people have a right to whine, especially after 6 years of the failed obama economy.
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I would hope that the left reads the whole article to see what a failure obama is, but learning the truth about their messiah is something that the left won't do. ![]()
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Sometimes by losing a battle you find a new way to win the war. Donald Trump ![]() |
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Just be thankful the economy has gone from reverse to 3 mph. Chalk that up as a major accomplishment for this circus admin and thank God he hasn't let loose more terrorists and war criminals in exchange for assh*les who hate America and now consider themselves warriors for Islam.
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![]() Not an accurate representation of a white person.
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At least we are not sinking. Hardly insignificant but not worthy of celebration. We will not see positive GMP growth until the gubmit takes it's foot off the throat of those who could be investing in our nation's industry. Backoff regulations Backoff taxes And keep promises made thus insuring reasonable risk. (that translates to the gubmint stop changing the rules by fiat, and putting it's hands in it's own pockets)
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I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's. sola gratia, sola fide, sola scriptura. I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE |
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1982 to 2007= shrunk the middle class, caused homelessness and only was real for a certain faction (smallish) of society. nothing backed it except false real estate "booms" and deregulating of banks to show a purely paper profit.
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On a more positive note, people still can't order dialysis w/o a referral. ![]() |
The Following User Says Thank You to saltwn For This Useful Post: | ||
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![]() You have the corporate talking points down. I like regulations and Taxes are already low. Cut the subsidies to corporations and farmers.
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Sometimes by losing a battle you find a new way to win the war. Donald Trump ![]() |
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217k, add, employers, jobs, pct, rate, stays |
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