The optimist would see this as a turning point. The pessimist would see it as an aberration. Time will tell, but the sentiment is positive, and some indicators are improving.
It occurs that an improved employment picture would be a dark cloud over the extreme conservative and reactionary movement occurring in the country. If you get a chance, look at the clip of Hannity which I posted yesterday. These guys are painting a dire scenario, surprisingly omitting Wall Street's advances since March 2009. It is very surprising considering the base of the Republican party is Wall Street corporatism.
This is bad news for the baggers.
Reuters: March payrolls rise 162,000 on private hiring
... the fastest pace in almost 3 years.
Employers added 162,000 jobs last month, the Labor Department said on Friday, leaving the unemployment rate steady at 9.7 percent...
4 comments:
On NPR an employment analyst was explaining this morning why the sudden jump , had to do with the snow storms in the east. Anyway, it's still welcomed news maybe we'll start to see a turnaround hopefully cause it's pathetic out here. Your lucky if u live in an area with a strong economy. These seem to be tight zones around Capital cities and big economic centers like NY and Houston. Other cities though are suffering badly.
I think the numbers will improve but I have my doubts that employment levels will return to pre-recession levels. I think businesses have turned the screws on workers, converted more stuff over to India and China, and are using more internet and computer tech in place of people. One artist can do the work for not 1 but 100 or 1000 commercial business ads around the country with the stroke of a return key.
The ultimate result of this is a flat employment non-recovery like the previous so called recovery. I saw a comparative graph study of recoveries since 1948 and the really scary part was that the pattern has now altered where with each recession less and less jobs are recovered. Were losing the middle class now and were heading fro a Brazil / mMexico kind of society. I believe this is by design.
It has to be that there is enough wealth in the upper part of society to cover for the millions who are falling into poverty or the lowest rung. The economy runs on consumer spending and corporations need consumers. It also could be that enough wealth is growing in other countries like China and India as a result of globalization to also cover for the drop off in America. I would definitely agree that its by design. These are smart people, they know how to guide money channels.
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