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View Diary: Government reports just 88,000 jobs added in March, with 7.6% jobless rate. U6 falls to 13.8% (85 comments)

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  •  I hope you are right (1+ / 0-)
    Recommended by:
    MPociask

    Seems that I have heard this story before. Big February followed by blah March.

    •  Last year's March was only +120k (3+ / 0-)
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      shrike, Dr Swig Mcjigger, Tweedledee5

      When first reported, but was revised up to +205k.  I expect a similar revision this March as well, as it has been the pattern for the past 2 years.

      •  SilverOz - good to see you again! (0+ / 0-)

        Us realists are dwindling away.

        "The way to see by faith is to shut the eye of reason." - Thomas Paine

        by shrike on Fri Apr 05, 2013 at 07:08:06 AM PDT

        [ Parent ]

        •  Glad to see SilverOz, too. But there are... (4+ / 0-)

          ...various views among realists. And three years ago, and two years ago, and one year ago, one branch of realists was declaring that finally the economy was throwing off its sluggish recovery and the rainbows were coming out at the end of the storm. And each time that declaration turned to ashes.

          That is not to say nothing good has happened since the recession officially ended nearly four years ago. Obviously, the growth we've had is better than what was happening right about now in 2009 with jobs being shed in the 600,000s each month. But the old saw about employment being a "lagging indicator" that improves several months to a year behind GDP recovery leaves a sour taste given how long the lagging has been going on.

          Don't tell me what you believe, show me what you do and I will tell you what you believe.

          by Meteor Blades on Fri Apr 05, 2013 at 08:01:43 AM PDT

          [ Parent ]

          •  And that is the key (0+ / 0-)

            It can be true that some of the signs are positive, and some of the loss of workers is due to aging.

            It can also be true that the piss poor quality of jobs we do have and the increasing income gap while corporate profits are at record highs is all part of a disturbing economic picture.  Not disturbing because we're going to have another crash next month or in six months, but because the way we've started out of this recovery is fundamentally different than others in a way that doesn't seem positive.

            Want a progressive global warming novel, not a right wing rant? Go to www.edwardgtalbot.com and check out New World Orders

            by eparrot on Fri Apr 05, 2013 at 01:36:02 PM PDT

            [ Parent ]

    •  Recovery Summer! Part Deux! (0+ / 0-)

      Excuse me if I don't get too excited about these numbers...

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