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Puck
The Texan
Joined: 05 Jan 2004
Posts: 5596
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 Fri May 07, 2004 5:28 pm Payrolls Surge, Unemployment Dips to 5.6 Percent |
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Payrolls Surge, Unemployment Dips to 5.6 Percent
Friday, May 07, 2004
WASHINGTON � Employers added 288,000 jobs to their payrolls in April as the nation's unemployment rate slipped to 5.6 percent, reinforcing hopes for a sustained turnaround in the jobs market that had lagged for so long.
Payrolls have risen now for eight straight months, with 867,000 new jobs created so far this year, the Labor Department (search) reported Friday. The strengthening jobs market comes just in time to aid President Bush's re-election efforts, which were in question a few months ago based on his economic record.
"I'm officially declaring the jobless recovery dead," said Ken Mayland, president of ClearView Economics. "I think we are now on a path of what will be substantial job gains."
The Bush administration was widely criticized for an overly optimistic forecast that 2.6 million new jobs would be created this year. Economists now say the chugging economy could get close to that mark.
"I don't think these two months of big increases are a flash in pan," Mayland said of April's job growth and the revised 337,000 new jobs in March.
In the report, hiring was widespread last month, with the service sector leading the way. Professional and business services employment rose substantially, by 123,000. In that category, gains were in employment services, including temporary help firms, services to buildings and dwellings, management and technical consulting services and architectural and engineering services.
The nation's struggling factories also appear to be turning around. Based on Labor Department revisions, the manufacturing sector added jobs for three straight months, including 21,000 in April. For the year, manufacturing payrolls are up by 27,000 overall.
The U.S. unemployment rate (search) fell 0.1 percentage point to 5.6 percent last month, after reaching a high of 6.3 percent in June 2003 during the economic slowdown.
Revisions to payrolls also showed a stronger jobs market than previously reported. Last month's 308,000 payroll gains were revised up to 337,000. April's showing surprised analysts, who had expected payrolls of about 180,000 to 200,000.
The economy has rebounded strongly, but companies, under intense pressure to compete globally, have been holding down their costs by working employees harder instead of hiring new ones. That appears to be changing, though critics note that job gains are occurring in the lower-paying service sector at retailers and restaurants, and in temporary employment firms.
The Federal Reserve (search) decided Tuesday to hold a key interest rate at a 46-year low of 1 percent, saying said such low rates along with productivity gains are helping to support economic activity.
But the strengthening jobs market leads economists to anticipate the first rate increases in more than four years will start this summer, probably in August, and will come in the form of one-quarter of a percentage point rises in the federal funds rate.
Other gains in April occurred in retail at building and garden supply stores, general merchandise stores and motor vehicle and parts dealers. The leisure and hospitality sector also added jobs, especially in the category of food services. Hiring also continued to be strong in health care and social assistance for the month.
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The democrats can make all the accusations they want, but you cant change the facts.
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Sat May 08, 2004 2:29 pm |
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This shows that the tax cuts are WORKING! Bush's policies are good and are helping. 330,000 jobs in March (they added to it) and 288,000 jobs tallied THUS FAR in April is VERY good! We are OUT of Clinton & Gore's recession, and the economy is picking up EVEN FASTER NOW!
This is great news for America but bad news for the Democrats.
-------signature-------
"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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Leo Wyatt
Sweetest Angel
Joined: 25 Feb 2004
Posts: 19045
Location: Investigating A Crime Scene. What did Quark do this time?
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| Mon May 10, 2004 4:37 pm |
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Very true. If get a democrat in office, America will lose jobs again. Like when CLinton was in office.
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Link, the Hero of Time
Vice Admiral
Joined: 15 Sep 2001
Posts: 5581
Location: Kokori Forest, Hyrule
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| Mon May 10, 2004 6:06 pm |
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| kmma wrote: | | Very true. If get a democrat in office, America will lose jobs again. Like when CLinton was in office. |
I dont know where you get your information, but when Clinton was in office unemployment was at an all time low. If I remember correctly, they said it was the lowest it had been in 30 years.
-------signature-------
"Dissent is the highest form of patriotism." President Thomas Jefferson
"A man's respect for law and order exists in precise relationship to the size of his paycheck." Adam Clayton Powell Jr.
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Leo Wyatt
Sweetest Angel
Joined: 25 Feb 2004
Posts: 19045
Location: Investigating A Crime Scene. What did Quark do this time?
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| Tue May 11, 2004 6:20 am |
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Where I get my information. Umm Simply I knew what happened when he was in office and seen the evidence with my own eyes watching my family and other people losing jobs cause Clinton sent jobs to Mexico and to other places. THats when it happened. It did not happen when Bush was office so obivously it is not Bush fault.
He just get the blame for what Clinton done.
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Jeff Miller
Fleet Admiral
Joined: 22 Nov 2001
Posts: 23947
Location: Mental Ward for the Mentaly Unstable 6th floor, Saint John's 1615 Delaware Longview Washington 98632
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| Tue May 11, 2004 9:05 am |
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No offense to you Kmma but do you have actual proof? because I don't take anyones word I want to see proof show me graphs, news articles that blame Clinton show me something that can be seen on a website.
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Leo Wyatt
Sweetest Angel
Joined: 25 Feb 2004
Posts: 19045
Location: Investigating A Crime Scene. What did Quark do this time?
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| Tue May 11, 2004 10:49 am |
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Don't worry by tomrrow I will have something. I don't have time now just u wait cause I found something.
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Leo Wyatt
Sweetest Angel
Joined: 25 Feb 2004
Posts: 19045
Location: Investigating A Crime Scene. What did Quark do this time?
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| Thu May 13, 2004 8:11 am |
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Jeff wrote | Quote: | | no offense to you kmma but do you have actual prrof? because I don't take anyone's word I want to see proof show me graphs, news, articles that blame clinton show me something that can be seen on a website. |
I thought I would share but I change my mind. Cause first of all, I am no liar. I do have proof but I don't have to prove it to you. not trying to start an arguement here. But I know what I have seen. When the time is right you will see the evidence , when I find the time to put it up here.
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Leo Wyatt
Sweetest Angel
Joined: 25 Feb 2004
Posts: 19045
Location: Investigating A Crime Scene. What did Quark do this time?
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| Thu May 13, 2004 10:44 am |
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I just did a big no no. I qoute without someone responding oh well .
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Jeff Miller
Fleet Admiral
Joined: 22 Nov 2001
Posts: 23947
Location: Mental Ward for the Mentaly Unstable 6th floor, Saint John's 1615 Delaware Longview Washington 98632
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| Thu May 13, 2004 11:03 am |
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| kmma wrote: | | I thought I would share but I change my mind. Cause first of all, I am no liar. I do have proof but I don't have to prove it to you. not trying to start an arguement here. But I know what I have seen. When the time is right you will see the evidence , when I find the time to put it up here. |
Today is the 13th on the 11th of this month you said.
| kmma wrote: | | Don't worry by tomrrow I will have something. I don't have time now just u wait cause I found something. |
That was 2 days ago I just got on and what do I see I see you saying that you changed your mind that you refuse to show us your proof. And your reason for saying that?
| kmma wrote: | | I am no liar. |
Just because I ask for proof doesn't mean I'm calling you a liar. But by you saying you don't have to proof it to me when you said just acouple days ago that you have the proof makes me wonder if you were being truthfull. You say that you will put it up when you have the time... well no offense but almost everytime I come onto the forum your on how much time do you need to post your proof? Like you said I'm not tryint to pick a fight it just seems odd that you say you'll show me the proof than you back off. 
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| ~Tony Montana wrote: | | You know what you need people like me people for you to snub your nose at and point at saying there is a bad man. Well guess what This bad man is leaving. Say goodnight to the BAD MAN! |
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Leo Wyatt
Sweetest Angel
Joined: 25 Feb 2004
Posts: 19045
Location: Investigating A Crime Scene. What did Quark do this time?
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| Thu May 13, 2004 11:07 am |
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I did have proof but I am not wasting my time and energy on here to argue over an silly debate.
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Theresa
Lux Mihi Deus
Joined: 17 Jun 2001
Posts: 27256
Location: United States of America
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| Thu May 13, 2004 11:14 am |
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Then please withdraw from any further conversation in this topic. All statements made as fact must be backed up. If you choose not to do so, then you also choose not to enter that discussion.
And no, I'm not saying you are banned from STV, or WN, or even this topic, just that you must offer evidence to what you say, or just say nothing at all.
Theresa
-------signature-------
Some of us fall by the wayside
And some of us soar to the stars
And some of us sail through our troubles
And some have to live with our scars
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