Friday, May 03, 2013

Spring Forward!

Unemployment numbers drop!

The unemployment numbers are out again and this has the economy looking a little better. The hiring numbers are at 165,000 and the unemployment number drops down to 7.5%.

Again, we're in a sequester and the likely numbers are higher. But still hiring for the spring and summer are looking better. Of course, conservatives will dismiss this job report as bogus because in their warped minds, it's over 40% unemployment and millions of individuals on food stamps.

Que: King Hippo and the Guy Who Helped Obama Win.

Well it's an improvement in the economy and why would anyone root for it to be


Employment rose more than expected in April, pushing the unemployment rate to a four-year low of 7.5 percent, which could help ease concerns of a sharp slowdown in the economy.

Nonfarm payrolls rose 165,000 last month, the Labor Department said on Friday. March's payrolls were raised to 138,000, 50,000 more jobs than previously reported, and February's job count was revised up to 332,000, the largest since May 2010.
Winning the narrative!
Economists polled by Reuters had expected April payrolls to rise 145,000 and the unemployment rate to hold steady at 7.6 percent. The drop in the unemployment rate last month reflected an increase in employment, rather than people leaving the workforce.

Still, details of the report remained consistent with a slowdown in economic activity.

Construction employment fell for the first time since May, while manufacturing payrolls were flat. The average workweek pulled off a nine-month high, but average hourly earnings rose four cents.

Even the guy who throws shit on the wall concedes that there is an improvement.

Usually I click on the conservative agitator's website to see all the negative reactions to the good news. But today I rather just get a screenshot and prove the point.


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