Private sector jobs outlook continues to improve:

[Skjellyfetti]

In a sign of continued improvement in the job market, private sector employers added over 200,000 positions in March and the number of planned job cuts fell, according to two reports released Wednesday.

Payroll processing company ADP said private sector payrolls grew by 201,000 in March, after a revised 208,000 increase in February. Economists were expecting a gain of 210,000 private sector jobs, according to consensus estimates from Briefing.com.

ADP said the average monthly increase in employment over the last four months has been 211,000, which is "consistent with a gradual if uneven decline in the unemployment rate."

Joel Prakken, an ADP spokesman who is also chairman of Macroeconomic Advisers, said he expects private sector payrolls to grow by about 200,000 jobs a month for the rest of 2011, with some months coming in even higher. He sees the unemployment rate to falling to near 8.25% by the end of the year.

"This month's ADP National Employment Report removes any remaining doubt that nonfarm private employment accelerated heading into 2011," he said.

Prakken noted that the ADP report showed "broad gains" across all sectors of the economy, including strong growth in manufacturing and improvement in the services sector. In addition, companies of all sizes added jobs in the March, he said.

The ADP report adds "to the evidence that conditions in the labor markets are finally beginning to show some meaningful signs of improvement," said Paul Ashworth, chief U.S. economist at Capital Economics.

While the improvement in private sector hiring is encouraging, Ashworth points out that it will take a long time for the job market to fully recover from the declines seen during the recession.

Even with job growth in the range of 200,000 a month, it will take four years for the unemployment rate to return to pre-recession levels, according to Ashworth.

Meanwhile, the number of jobs cut fell 18% to 41,528 from February's 50,702, according to outplacement consulting firm Challenger, Gray & Christmas. Year over year, job cuts dropped 39% from 67,611 in March 2010.

http://finance.yahoo.com/news/Jobs-Priv ... l?x=0&.v=3" onclick="window.open(this.href);return false;

[ASUG8]

Yay business cycle!

[Skjellyfetti]

This is why no serious Republican candidates want to run in 2012.

[CitadelGrad]

We owe it all to Obama's stimulus plan.

http://johnbtaylorsblog.blogspot.com/20 ... educe.html

Thank you, President Obama.

[Skjellyfetti]

Every doom-and-gloom prediction made by CitadelGrad over the last year or two... now appears to be busted.

Poor guy.

[89Hen]

When you've hit bottom, there's nowhere to look but up.

[CitadelGrad]

Every doom-and-gloom prediction made by CitadelGrad over the last year or two... now appears to be busted.

Poor guy.

Actually, they all turned out to be correct. BTW, I've been making doom and gloom predictions for about 5 years.

[travelinman67]

Every doom-and-gloom prediction made by CitadelGrad over the last year or two... now appears to be busted.

Poor guy.

Once again, you are 180deg. from correct.

CitadelGrad's predictions were correct, as were mine, going back to 2006.

I only missed on one ...a double digit commercial note collapse starting in April 2010.

Being a lib, Jellydonut, you should be reasonably familiar with the concept of "sustainability". Expansion of service industry jobs does not support "sustainability". Jobs which result in added exports, durable goods, ag, infrastructure, anything that expands basic GDP, creates "sustainability".

Corporate churning of unskilled labor to take advantage of the new-employee hiring $3000 tax credit does NOT add "sustainable" job growth.

[SuperHornet]

Everywhere but Cali.

[tampa_griz]

No one's buying it.

http://www.msnbc.msn.com/id/42345598/ns/politics/" onclick="window.open(this.href);return false;

[GannonFan]

While things are certainly better than they were this time last year, let's be honest, at the current pace of recovery we should be fully recovered sometime around 2017 or later, give or take. Things have stabilized at bit, at least in the private sector, but housing isn't going to get better for at least another few years, public (i.e. government) spending is going to be under a microscope and we're only just now starting to see the reprecussions and fights surrounding that, and the whole health care thing has basically been punted to 2014, so we'll have to revisit all of that again in a couple of years.

Obama's going to be re-elected - the combination of no real quality GOP candidates along with an extremely strong position that being the incumbent gives you means that it takes a real drastic downturn or other unpopular thing to happen to not get a second term. But let's not break out the champagne because the private sector is adding 200k jobs every month. That's not even treading water - we need to do a lot better than that.

[TwinTownBisonFan]

No one's buying it.

http://www.msnbc.msn.com/id/42345598/ns/politics/" onclick="window.open(this.href);return false;

consumer confidence - especially now is a trailing indicator in many ways - it's stronger than where it was... which admittedly isn't saying much since it was at historic lows a few years back.

thing is - it is improving - slowly... but it's improving. i'll take that over the alternative.

[BDKJMU]

Gallup Finds U.S. Unemployment at 10.2% in Mid-March
Underemployment was also unchanged from the end of February, at 19.9%
http://www.gallup.com/poll/146666/Gallu ... March.aspx" onclick="window.open(this.href);return false;

Jobs Situation About the Same as It Was a Year Ago

The government's February report on the U.S. unemployment situation suggests that 192,000 jobs were created last month and the unemployment rate declined to 8.9%, down from 9.7% a year ago. Federal Reserve Bank of New York President William Dudley and others said they were encouraged by this report.

However, Gallup's unemployment and underemployment measures have not shown the same gains in early 2011. Gallup finds an unemployment rate (10.2%) and an underemployment rate (19.9%) for mid-March that are essentially the same as those from mid-March 2010.

In part, the difference between Gallup's and the government's current job market assessments may be due to the government's seasonal adjustments. Gallup's U.S. unemployment rate is also more up-to-date -- its mid-March data include jobless figures for much of March, whereas the government's latest unemployment rate is based on the jobs situation in mid-February.

Most importantly, a key reason the government's unemployment rate is dropping apparently has to do with the so-called participation rate: the percentage of Americans who are counted as being in the workforce. The government's participation rate in February was at its lowest level since 1984. In essence, this tends to suggest that the government's unemployment rate may be declining because many people are becoming discouraged and leaving the workforce -- not because they are getting new jobs.

If this is the case, then neither Gallup's unemployment report nor that provided by the government is good news for the economy. It is equally bad news if people are out of work and looking for a job or just too discouraged to say they continue to do so. Either way, a lack of sufficient job creation to increase employment among those who want to work remains a major obstacle to U.S. economic growth in the months ahead.

http://www.gallup.com/poll/146666/Gallu ... March.aspx" onclick="window.open(this.href);return false;

Keep sucking on Obama's cock KY...

[Bronco]

I don't see it.
The countries mindset needs to change and not happening yet.

--
81% Know Someone Out of Work and Looking for a Job
Rasmussen Reports ^ | March 28,2011 | Scott Rasmussen


Eight-out-of-10 Americans continue to know someone who is unemployed and currently looking for work. Most adults also remain pessimistic about the future job market.

A new Rasmussen Reports national telephone survey finds that 81% of Adults know someone who is out of work and looking for a job. Although that finding is up five points from October, it's generally consistent with findings going back to August 2009. Only 13% don’t know someone who is jobless and currently searching for one.

The national unemployment rate is 9.5%, and only 25% of Americans think unemployment will be lower a year from today. That’s down 11 points from late January when 36% felt that way. Twenty-six percent (26%) say unemployment will be higher in a year's time, while a plurality (41%) says it’ll stay about the same.

Only 16% of adults believe the job market is better than it was a year ago, down eight points from the previous survey. Thirty-six percent (36%) think the market is worse than last year, while 44% say it’s about the same.


(Excerpt) Read more at rasmussenreports.com ...

[BDKJMU]

No one's buying it.

http://www.msnbc.msn.com/id/42345598/ns/politics/" onclick="window.open(this.href);return false;

Hmm, MSNBC article states on the Associated Press-GfK poll:
"Obama's approval rating has remained consistent, according to new survey"

Quinnipiac University poll released today:
"Poll: Obama's approval hits new low

President Barack Obama’s approval rating and prospects for reelection have plunged to all-time lows in a Quinnipiac University poll released Wednesday....."
http://www.politico.com/news/stories/03 ... z1I7oXxF2d" onclick="window.open(this.href);return false;

[TwinTownBisonFan]

No one's buying it.

http://www.msnbc.msn.com/id/42345598/ns/politics/" onclick="window.open(this.href);return false;

Hmm, MSNBC article states on the Associated Press-GfK poll:
"Obama's approval rating has remained consistent, according to new survey"

Quinnipiac University poll released today:
"Poll: Obama's approval hits new low

President Barack Obama’s approval rating and prospects for reelection have plunged to all-time lows in a Quinnipiac University poll released Wednesday....."
http://www.politico.com/news/stories/03 ... z1I7oXxF2d" onclick="window.open(this.href);return false;

re-elect at 47 - someone else 45

about 4 point drop in 30 days... not great - but all things considered not too bad

[houndawg]

While things are certainly better than they were this time last year, let's be honest, at the current pace of recovery we should be fully recovered sometime around 2017 or later, give or take. Things have stabilized at bit, at least in the private sector, but housing isn't going to get better for at least another few years, public (i.e. government) spending is going to be under a microscope and we're only just now starting to see the reprecussions and fights surrounding that, and the whole health care thing has basically been punted to 2014, so we'll have to revisit all of that again in a couple of years.

Obama's going to be re-elected - the combination of no real quality GOP candidates along with an extremely strong position that being the incumbent gives you means that it takes a real drastic downturn or other unpopular thing to happen to not get a second term. But let's not break out the champagne because the private sector is adding 200k jobs every month. That's not even treading water - we need to do a lot better than that.

The election is a lifetime away and we're looking at yet another unnecessary war.


Why can we always find more money for war, but we can't fix our bridges and highways?

[ASUG8]

While things are certainly better than they were this time last year, let's be honest, at the current pace of recovery we should be fully recovered sometime around 2017 or later, give or take. Things have stabilized at bit, at least in the private sector, but housing isn't going to get better for at least another few years, public (i.e. government) spending is going to be under a microscope and we're only just now starting to see the reprecussions and fights surrounding that, and the whole health care thing has basically been punted to 2014, so we'll have to revisit all of that again in a couple of years.

Obama's going to be re-elected - the combination of no real quality GOP candidates along with an extremely strong position that being the incumbent gives you means that it takes a real drastic downturn or other unpopular thing to happen to not get a second term. But let's not break out the champagne because the private sector is adding 200k jobs every month. That's not even treading water - we need to do a lot better than that.

The election is a lifetime away and we're looking at yet another unnecessary war.


Why can we always find more money for war, but we can't fix our bridges and highways?

Didn't you get all your infrastructure taken care of with the stimulus?

[mainejeff]

When you've hit bottom, there's nowhere to look but up.

Yup.......after 8 years of Bush, you are so right!

[travelinman67]

...re-elect at 47 - someone else 45...

Until it hits 45, then...

...re-elect at 45 - someone else 43...

[houndawg]

The election is a lifetime away and we're looking at yet another unnecessary war.


Why can we always find more money for war, but we can't fix our bridges and highways?

Didn't you get all your infrastructure taken care of with the stimulus?

No but I got a nice truck to drive on it.

[Wedgebuster]

If things don't get real shitty pdk, we're liable to be stuck with this long steady recovery.

[CID1990]

Every doom-and-gloom prediction made by CitadelGrad over the last year or two... now appears to be busted.

Poor guy.

Based on one Yahoo article that takes the story from a single indicator source?

Maybe the economy is in fact turning around, only time will tell.

However, since you are so easily swayed, I am going to send you a couple links. One is to an article saying you should suck me, and the second one is to an article that says KYJelly should go jump off a bridge.

[CitadelGrad]

No one's buying it.

http://www.msnbc.msn.com/id/42345598/ns/politics/" onclick="window.open(this.href);return false;

consumer confidence - especially now is a trailing indicator in many ways - it's stronger than where it was... which admittedly isn't saying much since it was at historic lows a few years back.

thing is - it is improving - slowly... but it's improving. i'll take that over the alternative.

Consumer confidence declines are largely related to the prospect of high inflation and higher interest rates. Since we haven't seen the worst yet, I'd say it's a leading indicator.

[TwinTownBisonFan]

...re-elect at 47 - someone else 45...

Until it hits 45, then...

...re-elect at 45 - someone else 43...

so long as re-elect stays above someone else... again - under 50 is cause for concern, when someone else passes re-elect it's cause for serious concern - when a viable alternative emerges it's cause for serious worry - when that alternative is more the 5 points up - it's time to panic.

those aren't benchmarks just for obama - that's campaign manager gospel. i'm not overly familiar with running incumbents, as i've never run an incumbent (i prefer challengers) so the paragraph above is inverted from what I know. when your opponents re-elect is above 50... it's very bad for a challenger, when the someone else rises above re-elect it's very good... and if you can parlay that in to fundraising, that leads to viability, which starts the snowball down the hill - the hardest part is 1) getting the "someone else" number above the re-elect (even with general dissatisfaction, voters tend to stay with incumbents) 2) establishing yourself as the viable alternative. even with all that - beating an incumbent is damn hard, no matter the environment.