Nation's jobs boom isn't heard in state (CA) - San Diego Untion Tribune

[question everything]

The nation's surge in jobs last month was not felt in California, where declines in high-tech and business-service jobs continued to drag down employment growth.

California added 5,200 nonfarm payroll jobs in March compared with more than 300,000 jobs in the rest of the nation, according to data released yesterday by the California Economic Development Department. If the state added jobs proportionate to its share of the nation's population, job growth would have been seven times higher.

Household data, which includes self-employed workers and farmworkers, showed a drop of 79,000 jobs during the month, partly because of seasonal agricultural patterns. The state's jobless rate jumped from 6.3 percent to 6.5 percent, meaning 1.1 million Californians were looking for work and hadn't found it.

(snip)

Find this article at:
http://www.signonsandiego.com/news/business/20040410-9999-1n10jobs.html

[mhr]

1. Job Boom? - The Missing 9.4 million Jobs!

Despite all the cheer leading, this economy is not creating the number of jobs needed to productively employ Americans. Americans understand that without viable jobs one's future is bleak. A bleak future leads to diminished expectations. Diminished expectations leads to plummeting consumer confidence. Etc, etc, etc ....

......
http://www.comstockfunds.com/index.cfm?act=Newsletter.cfm&category=Mar

Comstock Funds
Charlie Minter
7 April 2004

Although the 308,000 increase in March payroll employment may seem like a lot compared to what we’ve been getting and what most have been expecting, it actually falls far short of what we should be seeing at this stage of a recovery. Here’s what we found in examining the last seven economic recoveries.

In the first six of these recoveries beginning with May 1954 employment rose by an average of 7.7 percent over the first 28 months with a high of 9.1 percent and a low of 5.5 percent. This includes one cycle that peaked in 24 months with a gain of 7.4 percent. Even in the recovery that started in March 1991, employment climbed 2.2% over the first 28 months. For all of the seven recoveries, employment rose by an average of 6.9 percent over 28 months. So let’s not hear any more about employment being a lagging indicator. It is not, and even if it were, 28 months is surely enough time to catch up.

In the current recovery employment has actually declined 0.2 percent in the first 28 months that includes the March number and the revisions that were released on Friday. If employment had increased by 6.9 percent, the average of the past recoveries, March payrolls would have come to about 139.9 million rather than the 130.5 million actually reported. This means that there are now 9.4 million fewer jobs than there should be at this point in the cycle, and that we needed an average increase of 322,000 jobs for each of the past 28 months to equal the average job growth of the last seven expansions.

Snip ......

[PatGund]

9. You know it's bad....

You know it's bad when a paper as Right Wing as the San Diego Union-Tribune, (who regularly shills for the GOP like nobody's business), is starting to ask where the jobs are.

Pity that they'll still go on to endorse and recommend whatever GOP flack is running for office.

[The_Casual_Observer]

2. What was this talk of a "job boom" ?

Other than some confusing government report, what evidence is there of a "job Boom"?

[Cocoa]

3. so what states ARE experiencing the boom?

I've seen a number of stories like this, about the states that are not participating in the great economy. I guess that would mean that there are states out there that are really burning up with prosperity? So which states are these?

[Ready4Change]

4. Exactly. NO states are having a jobs boom.

But, pass enough rumors that there is a jobs boom, and then just let local news stories say, "Sadly, not around here" and people will think "The nation is doing fine, so I'm sure things will get better here too."

Smoke and mirrors, courtesy of the "liberal media."

[Cocoa]

6. it's almost like a game

[leftofthedial]

5. isn't it odd that no state seems to be feeling the job surge

California has said no jobs here. Colorado . . . no jobs here. Texas . . . no jobs. Tennessee . . . no jobs.


I mean, it's almost like the surge in jobs wasn't really happening or something

[WhereIsMyFreedom]

8. Exactly, no jobs anywhere

This will likely backfire on them though. Look for the unemployment numbers to shoot up in April because people will start looking for work again thinking there are jobs.

[teryang]

7. 300,000 low wage part time jobs confirm

...the structural change in the economy which has sustained permanent damage done to the conditions of labor and the continued decline in the standards of living for American workers and families.

[leesa]

10. San Diego...still supporting the fuhrer even as they go down the drain

However, it is the only way the Neaderthals in San Diego will ever learn anything. Mindless, GOP stronghold.