WOAH! Breaking: Jobs!
Last edited Fri May 3, 2013, 10:32 AM - Edit history (2)
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Talking Points Memo ?@TPM 3m
Breaking: U.S. economy added 165,000 jobs in April, unemployment at 7.5 percent.
Zeke Miller ?@ZekeJMiller 3m
WOAH: February was revised from +268,000 to +332,000, and the change for March was revised from +88,000 to +138,000
Zeke Miller ?@ZekeJMiller 2m
Retail sector created 29.3k jobs after shedding 3.9k in March
Talking Points Memo ?@TPM 1m
The biggest news from the jobs report: upward revisions for prior months http://bit.ly/16yS7qf
the biggest news from the Labor Department isn’t the topline payroll figure, or the unemployment rate, which dropped from 7.6 to 7.5 percent. It’s the revisions to reports from previous months, which are more certain statistically and indicate much stronger job growth this winter than initially believed.
Initial figures indicated March was a weak month for job growth, but un upward revision from 88,000 to 138,000 non-farm payrolls suggests the labor market was much healthier than originally estimated. The February payroll figure, which had already been revised up from 236,000 to 268,000, was revised again, up to 332,000 — the strongest showing for any month in years.
What emerges from the new numbers is a significant drop off from February to now, though it’s not clear what caused it or whether it will dissipate with future upward revisions to the April numbers. One disturbing possibility is that the drop off could be a reflection of the impact of austerity measures on the economy, which would suggest that absent GOP unwillingness to replace or rescind sequestration, the continuing recovery would be much more robust.
The internal figures in the April report are fairly impressive.
Retail employment, which had appeared to fall last month, is up 29,000 jobs in April, suggesting sales have endured despite an automatic two percent increase in the payroll tax at the beginning of the year. Health care continues to be a major growth industry, adding 19,000 jobs lat month . . .
read more: http://tpmdc.talkingpointsmemo.com/2013/05/economy-adds-165000-jobs-in-april-1.php?ref=fpb
CNBC: http://www.cnbc.com/id/100704780
= new reply since forum marked as read
Folks on the right and the left should feel free to select the reason which best explains why these numbers are terrible.
was killing them to report the good numbers...."but still the ppl who've quit looking for work and the chronic unemployed number is 13%", blah, blah, blah. Love to see the good numbers and faux trying to insist gloom and doom. 
