203,000 New Jobs Last Month

[bobabode]

http://www.latimes.com/business/mone...#axzz2mjXebZ3N

Hmmmm. maybe we will be below that 7% unemployed number by New Years. Cool.

[bobabode]

Wall St. reacts -

"The Fed's program has helped fuel this year's stock rally, which has lifted the Dow 22% as of Friday afternoon.
“The Street is waking up to the fact that good news really is good news, not bad news," said Alan Whitman, managing director at Morgan Stanley Wealth Management in Pasadena. “It means the economy is able to carry itself on its own, and that’s really what we want.”"


http://www.latimes.com/business/mone...#ixzz2mjbkldii

[bobabode]

Damn, the LA Times sure seems optimistic these days. Must be all them granola crunchin' hippies they have on staff.

http://www.latimes.com/business/mone...#axzz2mjehvJFx

[bobabode]

Here too. 3rd quarter grow adjusted to +3.6%. So much for horror stories that the Repubs have been rolling out of their think tanks, these days. I guess the Kenyan born soshulist is having a hard time tanking the U.S. economy?

http://www.latimes.com/business/mone...#axzz2mjehvJFx

[whell]

41% of new new jobs were gov't jobs.

http://www.cnsnews.com/news/article/...ere-government

[bobabode]

Originally Posted by whell

41% of new new jobs were gov't jobs.

http://www.cnsnews.com/news/article/...ere-government

So what? Didn't we shed millions of government jobs due to the shrub's cronies tanking the economy?

edit- betcha a lot of 'em were for Healthcare navigators.

[icenine]

Originally Posted by whell

41% of new new jobs were gov't jobs.

http://www.cnsnews.com/news/article/...ere-government

"the right news" really

you know Ford or GM or the mortgage companies do not care what the source of the payment is Whell. The people who depend on consumers buying their products so they still are employed do not care if it is one those gubmint workers keeping them afloat.

whats wrong Whell you do not like me? lol

[sheltiedave]

Since when are the words "government jobs" bad? I would rather be working for the govt, than sitting in a lounger chair at Daytona Beach, checking out my roll of food stamps and waiting for the weekly unemployment check. Gotta make sure I tan evenly on both sides, in case I get interviewed on TV about the plumbing business I hope to own.

[bobabode]

hawwww!

[whell]

Originally Posted by bobabode

So what? Didn't we shed millions of government jobs due to the shrub's cronies tanking the economy?

edit- betcha a lot of 'em were for Healthcare navigators.

Wouldn't surprise me.

The "so what" is: where is the money coming from to pay the gov't workers? If there's still anemic economic growth, and private sector employment isn't rising at a sustainable level, then there's not enough income tax money to fund the increased gov't employment.