Never pass up a chance to sit down or relieve yourself. -old Apache saying

Friday, April 2, 2010

162K jobs added

Well, well well.  Speaking of "turning the corner," it looks like the economy is finally recovering from the pathetic misadministration of that frat-boy asshole Bush.   The U.S. economy added 162,000 jobs in March.  I'm sure that the rightwingnuts will find something to condemn in this report: it's not fast enough!  If McCain and Palin had been elected, we'd have MILLIONS of new jobs by now!  Obama is a NAZI!!!  He wasn't born here!  He has a MOLE his face!!  Waaah! 

We still have a long way to go to repair the Bush damage to the economy.   But at least we're moving in the right direction.

Shit, when Bush and Cheney and the scurrilous SCOTUS stole the election of 2000, we on the left cursed, gritted our teeth and rode it out.  We didn't toss bricks through windows, or make death threats to Congresspeople, or mail white powder to anyone, or send a shredded US flag soaked in gasoline to anyone.  We DID have a few peaceful marches and call Bush all kinds of names and deservedly so, the punk, but I have never before seen such childish behavior by so many people as we see coming from the right.  It's shameful and embarrassing.

Obama isn't perfect.  Far from it.  He should have pressed for a single-payer health option, closed Gitmo, prosecuted the Bush Gang of Thugs, slapped some hard new financial regs on Wall Street, etc.  But he is light-years better than Bush.  And yet, these rubes and yahoos on the right want to go back to another Presidency like Bush's.  They are certifiably insane.  Greedily, stupidly insane.

Oh yeah, the story...

162,000 jobs added in March, most in 3 years



Unemployment rate stays unchanged at 9.7 percent for third month in row
 
WASHINGTON - The U.S. economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.


The increase is the latest sign that the economic recovery is sustainable and healing in the job market is beginning. Still, the healing is likely to be slow, and most economists don't expect job creation to be fast enough this year to rapidly reduce the unemployment rate.

The Labor Department said employers added 162,000 jobs in March, the most since the recession began but below analysts' expectations of 190,000. The total includes 48,000 temporary workers hired for the U.S. Census, also fewer than many economists forecast.

Private employers added 123,000 jobs, the most since May 2007.


Manufacturers added 17,000 jobs, the third straight month of gains. Temporary help services added 40,000, while health care added 37,000. Leisure and hospitality added 22,000.

Even the beleaguered construction industry added 15,000 positions, though that likely reflects a rebound from February, when major snowstorms may have kept many construction workers off payrolls.

The average work week increased to 34 hours from 33.9, a positive sign. Most employers are likely to work current employees longer before they hire new workers.

The department also revised January's job total to show a gain of 14,000, up from a loss of 26,000. February's job numbers was also revised higher by 22,000.

Still, more Americans said they were working part-time even though they preferred full-time work. When they and discouraged workers who have given up searching for jobs are included, the "underemployment" rate ticked up to 16.9 percent from 16.8 percent.

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