Love the headline!
Too funny!

That's cuz there aren't as many jobs to lose!

GOOD NEWS

THERE was one industry that GAINED over SIXTY THOUSAND jobs in this reporting period according to fox news

GOVERNMENT............

"That's cuz there aren't as many jobs to lose!"

Liberals just don't understand the logic that makes that a true statement.

People on this site rail on how uneducated and stupid the American voter is, and yet this will never make the front page, because we have teens "ghost driving", and other important shit happening.

"according to fox news"

Wow. What a surprise.

Well- Lettuce--why don't you google for accuracy?

The sky is falling! Tin foil hats! Republicans suck!

Delusional DR morons

These numbers are as great as in the halcyon days of Saint Reagan, half-way through his first term. Now if Obama could only crap gold and piss champagne like Reagan did, even the righties would be impressed.

aflac, if Obama sold hezbollah and the mad ayatollahs some missiles, and used the money to fund priest killers and nun rapers, would you cut him some slack?

#7 | Posted by JeffnDenmark

Shark tank.

Shark tank.

I smell blood...

Excellent article.

not to worry we will all have a government job or get a government check,simple politics,that's how you stay in power.

But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties about the cost of obamas health care,cap and trade.tax on company paid health ins.and other anti business laws just around the bend.

Also during the Bush years it was reported as "Job Gains Lower than Expected".

The three biggest jobs per year producing presidents were Clinton, LBJ , Carter and Reagan. In that order.

Reality bites the right:
President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That's almost 22 months of recession during his 96 months in office.

His job-creation record won't look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton's administration and only slightly better than President George H.W. Bush did in his four years in office.

Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he's been in office, shows the worst track record for job creation since the government began keeping records.

"But the unemployment rate climbed to 8.9 percent,"

And will climb higher. Employment recovery always lags behind economy recovery. Even if the economy is on the upswing now, the unemployment rate will continue to rise for some time.

But the slowdown in the absolute numbers is very encouraging, if it continues. If it does, it means the economy has hit bottom and is rebounding.

Well, wait about a week or two and the real revised numbers will come out and show around 600,000 jobs were really lost.

66,0000 are not shown for the government hired em for temp. positions for population counting.

Like I posted yesterday, real unemployment is over 15% and climbing but glad we don't count those who can't collect benefits anymore.

If obama doesn't stop wasting money on the financial elites and start immediately helping the workforce of America he will have a short term indeed.

Treasury bonds and the dollar look like they jumped off a cliff - signs that creditors are getting nervous. But hey, as long as Obama can keep on borrowing and spending, everything looks hunky dory.

Since the fall of 2007, the number of employees forced to work part-time due to the economic slowdown has doubled to over nine million people that's two million more than at any time in 54 years of collecting the data. You can see the spike in the chart above.

You can also see a close correlation between the start of a recession and a sharp shift to using part-time workers. And, conversely, that when an economy recovers, the use of part-time workers falls off quickly.

Lesson of the day? This is one of the few reliable indicators of an economic turnaround watch it closely. Until you see a distinct reversal in the indicator, ignore the government's happy talk of green shoots and continue to rig for stormy economic weather.

obama is doing his part he's hiring 20,000 new bean counters for pentagon spending,said they could do it cheaper then private accountants,maybe he will"make it clear"how he crunched those numbers.

Oh, the Dow is inching its way back and Bernanke expects the Bush depression to end in 2009 yet. Will this be enough for the yahoos, haters and other rightie lunatics? Hell no. They will bitch about SOMEthing Obama might not be doing right even if milk and honey flow down Pennsylvania Avenue by Christmas. herm

-- that is nearly 100,000 less than the 620,000 that was expected and is the lowest number of layoffs since October.

The experts realy don't have much of a track record. Everytime a number for something is announced, it is "higher" or "lower" thna expected. Do they ever expect the right number for anything?

The neophytes here never heard of a bear market rally. This chart shows the Dow's decline from 1929 to 1932. It had six bear market rallies ranging from 19% to 52%.

"Do they ever expect the right number for anything?"

Only posters on the DR have that wonderful ability known as "prediction through hindsight".

Only posters on the DR have that wonderful ability known as "prediction through hindsight".

#23 | Posted by AILtd

You're doing it too.
As I recall, you are predicting a recovery and pension guaranteed for life.

"You're doing it too. As I recall, you are predicting a recovery and pension guaranteed for life." - #24 | Posted by Ray

Your memory is a sieve.

Well, I agree that we look like we have hit bottom and rebounded from it. And I have, for a while, indicated that I believed that we would soon be doing this. In line with what Bernanke and Dr.Doom indicated. Don't know if that fits the "hindsight" criteria, though.

Or are you referring to this:
"Clearly, the massive economic stimulus from the administration and the Federal Reserve have had a very positive real, as well as psychological, effect on the economy," said California State University economist Sung Won Sohn. "The economy seems to be coming out of this recession faster than I expected."

Where you got the second part I don't have a clue.

Your memory is a sieve.

I'm better at important matters.

Don't know if that fits the "hindsight" criteria, though.

Yes. You've expressed confidence in Keynesian Theory. That implies hindsight based on something.

Where you got the second part I don't have a clue.

From what I perceive, is implied by your comfort in the way Bernanke is handling matters.

For the record, Austrians argue government is doing exactly the opposite of what they should be doing. I think the future will prove them right.

"The official unemployment rate is 8.9% and rising sharply. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6.

"It reflects how unemployment feels to the average Joe on the street. U-6 is 15.8%. Both U-6 and U-3 (the so called "official" unemployment number) are poised to rise further."

well guys seven points are needed to determine a trend and the trend is still decidedly negative.

If you take the fact they hired 66,000 census workers at 10-12/hr (temporary) and add it back in you have the magic 600K figure.

Notice the liars and scumbags "revised" feb and March numbers upward..wanna bet April is "revised" in a month or two as well?

I would have to agree with Ray the Real rate of unemployment is around 16%.

You will have a retest of the lows on the dow.. I still think it is highly possible to obtain 5300-5800.

Commercial real estate will shart in the coming months

Foreclosures will accelerate

manufacturing will continue to decline

Layoffs will continue to mount.

It will end eventually but it is too soon in the process and the process has been prolonged by the goldman sacs scumbags and washington insiders..we the american people are being taken to the cleaners to prop up their artificial wealth

only 539,000 jobs lost

wow, this is fantastic and likely to trigger a rally on Wall Street.... which is all that matters

Since September of last year, every month the number of net jobs lost has been larger than the month before.

This is the first month since Sept the number of jobs lost isn't larger than the preceding month.

Does that mean we're on a recovery?

Of course not.

It simply means companies are finally reaching a point where their monthly sales is high enough to justify their current work force. However, since we're still seeing net losses, that is not a good sign. We can expect more job losses for awhile.

Not until we start seeing net job gains will we even be able to entertain the idea that our economy is starting to recover.

We're just not dropping as fast.

However...what I'm wondering is what's going to happen once the effect of the government putting billions of dollars into the economy has worn off. Each shot-in-the-arm boost only provides temporary relief until the rich absorb the money.

Until the wages of your average consumer and the cost of living come into line, the government going deeper in debt to artifically boost our economy is only serving to postpone the problem.

wow, this is fantastic and likely to trigger a rally on Wall Street.... which is all that matters

#29 | Posted by nutcase

Actually, the Dow was up 2% on the news. I haven't tracked that closely, but it seems to me that its up about 12-15% over the past month or so.

Maybe somebody can pinpoint the number.

Dumbo kills another half a million jobs and you libtards try to spray perfume on the turd and tell us it smells like a rose.

I am going to rescind my statement of a month ago when I said Obama was the 2nd worst president we have ever had behind Jimmy Carter. The fact is it took Carter 4 years to wreck our economy and only 4 months for Obama.

buzz is as dumb as any killer could possibly be.

shrub is responsible plain & simple.

its sad that Wall Street was able to bamboozle the puiblic and put another corporate shill in shrub's place. democracy my ass.

Hope and change

SUCKERS

"The national unemployment rate climbed to 8.9%-- the highest its been in 25 years.
During his 100 Day Press Conference Barack Obama bragged that his administration had created or saved 150,000 jobs.
The US economy lost 598,000 jobs in January.
The US economy lost 706,000 jobs in February.
The US economy lost 742,000 jobs in March.
And, in April, 539,000 jobs were lost.
So, in other words Team Obama has lost 2,585,000 jobs so far this year and only created or saved 150,000 jobs.
That's some change, huh?"

dont forget about how they count the unemployed
ALL Im asking is that the left count OBAMAS numbers with the same fervor they counted BUSH"S numbers and said that thousands of people werent counted when the rate was around 4%....

but does ANYONE on the right REALLY think they are for counting that way now???

I certainly dont..........

and kbm

THANK you for the last number.. I said that the other day and was promptly called names for throwing out numbers like that ...

GOVERNMENT DOES NOT CREATE JOBS>..............
except for government jobs which is a sure sign of moving even closer to the left

AND lets not forget this

report shows that there will be a lot of jobs sent overseas and to mexico

and what EVIL corporation is planning to do this

GENERAL MOTORS

you remember them.....because WE ALL OWN PART OF THEM And the fuckin liar in the white house is the fuckin CEO now..............

I guess the number would have been higher if the feds hadn't added 60,000 jobs the the bloted federal government.

So, in other words Team Obama has lost 2,585,000 jobs so far this year and only created or saved 150,000 jobs. That's some change, huh?"

What a political dip, January can't be counted as obama's and look at what was going on the last 3 months before obama took office and even more jobs where lost.

Now I am not all caught up in the obama worship, obama is going to be a one term president. People in a few months are going to turn on him in a flash and no matter how much sweet talking he does he will deserve it.

600,000 people losing their jobs each month, the size of the city of seattle each month losing their jobs won't stay quiet very long.