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Old 06-05-2011, 03:10 PM   #1
sesIgnose

Join Date
Oct 2005
Posts
433
Senior Member
Default Unemployment at 9% - 244,000 in April, 62,000 at McDonald's
Man.. Obama is creating jobs like Crazy; in fast food...

So, how do Democrats/Liberals/progressives spin it? What are the positives here?

I see this as a huge issue, with QE3 coming in June and July and the fact many companies were hurt buy the issues in Japan the numbers will not be pretty.

What can Obama do today to start the country on the right path back to prosperity?

U.S. Payrolls Grew 244,000 in April; Unemployment at 9% - Bloomberg

American employers in April added more jobs than forecast, indicating the world’s largest economy is weathering the impact of higher fuel prices.

Payrolls expanded by 244,000 last month, the biggest gain since May 2010, after a revised 221,000 increase the prior month, the Labor Department said today in Washington. The jobless rate climbed to 9 percent, the first increase since November, a separate survey of households showed. Employment was forecast to grow by 185,000 last month, according to the median estimate of economists surveyed by Bloomberg News.

Stocks jumped after four days of losses, commodities rallied and bonds slid as the report eased concern that the economic recovery is cooling. The figures bolster Federal Reserve Chairman Ben S. Bernanke’s forecast for a labor market that is “improving gradually.”
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Old 06-05-2011, 10:10 PM   #2
exhibeKed

Join Date
Oct 2005
Posts
387
Senior Member
Default
Man.. Obama is creating jobs like Crazy; in fast food...

So, how do Democrats/Liberals/progressives spin it? What are the positives here?

I see this as a huge issue, with QE3 coming in June and July and the fact many companies were hurt buy the issues in Japan the numbers will not be pretty.

What can Obama do today to start the country on the right path back to prosperity?

U.S. Payrolls Grew 244,000 in April; Unemployment at 9% - Bloomberg

American employers in April added more jobs than forecast, indicating the world’s largest economy is weathering the impact of higher fuel prices.

Payrolls expanded by 244,000 last month, the biggest gain since May 2010, after a revised 221,000 increase the prior month, the Labor Department said today in Washington. The jobless rate climbed to 9 percent, the first increase since November, a separate survey of households showed. Employment was forecast to grow by 185,000 last month, according to the median estimate of economists surveyed by Bloomberg News.

Stocks jumped after four days of losses, commodities rallied and bonds slid as the report eased concern that the economic recovery is cooling. The figures bolster Federal Reserve Chairman Ben S. Bernanke’s forecast for a labor market that is “improving gradually.”
Don't you love the spin in this--

The jobless rate climbed to 9 percent, the first increase since November, a separate survey of households showed. Is this "fuzzy" math or what? And why are we actually counting Ronald McDonald jobs? Aren't those jobs for high school kids? Temporary--part-time--minimum wage hamburger flippers.
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