April 6th, 2012
08:46 AM ET
9 years ago
March jobs report: Hiring slows, unemployment falls
New York (CNNMoney) - Hiring slowed dramatically in March, clouding optimism about the strength of the recovery.
Employers added 120,000 jobs in the month, the Labor Department reported Friday, marking a significant slowdown in hiring from February, when the economy added 240,000 jobs.
FULL STORY
From CNN Politics
- Here's where President Biden's Cabinet nominees stand
- New York Times: Trump and DOJ attorney had plan to replace his acting AG and undo Georgia election result January 23, 2021 05:31 am
- Birx: I always considered quitting Trump's White House Covid task force January 23, 2021 04:41 am
- Investigation into US Capitol riot moves into more complicated phase January 23, 2021 02:36 am
- Prospects of convicting Trump erode as GOP grows vocal against Senate impeachment proceedings January 23, 2021 02:23 am
- Senate impeachment trial arguments to start February 9 January 23, 2021 02:22 am
I hired a couple of folks. I am also going to raise prices because of fuel costs.
Public sector hiring is slowing and private sector hiring picking up. Plus the President signed the Jobs bill yesterday which should help in putting people back to work. I'm optimistic.
Just when you think we're going in the right direction... BAM. This is terrible news.
"One bit of good news is that public sector job losses are finally slowing. The government has been bleeding jobs since the middle of 2010, but recently those layoffs have started to wind down."
Too bad for Mitt ... looks as if his "Obama made the recession worse" rhetoric has lost it's punch. Not enough government jobs left to bleed out before the general. Looks as if the TeaParty got a bit too greedy too soon after the 2010 election. Meanwhile, is Mitt going to give us a list of jobs HE created these past 3 years - he being in the valued business of job creation and all? I mean, it's not as if Mitt Romney hasn't all but turned away from and completely ignored the Republican led public sector job bleeding scenario for two years now. Not that Mitt doesn't ignore everything not in line with his private sector business expertise ...
Better than losing.
First, look at the number120,000 is 1.44 million jobs a year. not bad. Now lest's go back to when all this happened and Obama took office and we were told we needed to stop buying things we could not afford, to use less credit and to start living within our means. We did that!
Savign began to grow at a rate not seen since the Depression. Credit card purchases dropped substanially and we as consumers, brought housing back down to a level that was realistic. The flip side to all of this was going to be fewer jobs because demand was down.It's simple math. There are no miracle cures for an economy in trouble. Time and government assistance will get us past rough times but not over night.
On a government level, the only thing that will help us get out of debt is to cut expenses, but not taxes- they must go back to the already modest levels of 2000 if we are ever goingto see any hope for our country;s financial future.
The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.
The Obama administrations cure for unemployment , STOP COUNTING THE UNEMPLOYED!
..........but still there is Hiring. Not WARS. o.k, Good news, Republican idiots can not digest this....nonsense idiots.
Once again the GOP will react negatively. It does not matter what news each month brings, the GOP will find a reason to complain or talk about failed policies. What policies have they brought forward which would help the economy and the people? Certainly not fair taxations, health insurance coverage, continuation of unemployment assistance, etc., etc., etc. Their answer is JUST SAY NO!
We are starting to see the affects of the high gas prices in this economy. Hundreds of billions of dollars are being sucked out of the economy due to high gas prices and the inflation of everything that it fuels. Obama's energy policy of "all of the above except fossil fuels" makes the situation worse. The worse part is the declining output on government land, directly the fault of the Obama administration, will bite this country years down the road, when somebody else is in the Whitehouse. Another example of a Democrat IED in the economy just like their subprime mortgage IED.