Sluggish job growth may threaten recovery

[lancdem]

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20040208/bs_nm/economy_employment_dc

WASHINGTON (Reuters) - Another month of disappointing job growth in America has sown a seed of worry among analysts that the fragile economic rebound may not be strong enough to last.



For months now, economists have been forecasting an improvement in employment. Each month, they've been disappointed, and the news from January was no different.


While 112,000 jobs were created and the unemployment rate dropped to 5.6 percent -- the lowest in two years -- forecasters, traders and economists had been expecting much better. Most had hoped to see payrolls jump by 150,000, with the more optimistic estimating gains of 300,000.


"It's just flat-out disappointing. We're just not creating many jobs," said Steven Wood, chief economist at Insight Economics in California

[TXvote]

1. If the Slugs are Hiring

I would like to send them a resume!

Take Back America has a great publication called JobWatch. They have some alarming facts about wages too.

http://www.jobwatch.org/

Vote Like You Need A Job!

Teresa
www.votervirgin.com

[Bush_Eats_Beef]

2. The graph is beyond spinning...

There's no way anyone in their right mind could spin this into something encouraging. Manufacturing: -11. Professional and business: -22. The "growth," if you want to call it that in light of the hemorrhaging layoffs that continue, exists solely in the service sectors, with an emphasis on retail...justifiably NOT known for paying "living wages."

The comment "the fragile economic rebound may not be strong enough to last" backs up the long-standing concept that the Carly Fiorinas of the world may be fat hogs sitting in the slop right now, but they may shed a few pounds when there's no one left to buy their products.

[Yavin4]

3. This Totally Amazes Me

Tha people in this country get paid a lot of money for saying things like, "Gosh, if people don't get jobs, then it threatens the recovery." Wow. Back up genius minds at work here.

One more time. If people don't have jobs, they go broke because they don't have money to pay for things. Additionally, everyone has encouraged people to run up their debts, and people have been doing just that. So, people need jobs to pay for their daily needs AND to pay off their debts. Without soaring job growth, people are going to go under.

I just posted this, but no one is going to pay me to be an economic expert.

[Nay]

4. It amazes me, too, Yavin. Can I get $100,000 per year for stating the

obvious?

And let's not forget to factor into the mix the fact that as soon as a type or sector of work starts to pay American workers a decent wage, that sector gets exported ASAP, or visas are issued ASAP for foreign workers to do it on the cheap.

I wish they'd stop trying to act like they're doing something about this mess. They know how to fix it -- they just don't want to. But they want us to believe they are baffled by this "problem."

[Red Louisiana]

5. recovery

The 'recovery' is driven by outside surplus value, not increased productivity, or any in-nation effects...

recovery just means that corporations are making more profit, not necessarily that employees are making more money, or have money at all, themselves...