Friday, May 08, 2015

May Day, May Day!

Barack for the win...

The Department of Labor releases the jobs report for the month of April. The job rate is now 5.4%.

The jobs numbers for the month were good. For the month of April, 223,000 jobs.

Not bad at all.

With that being said, who's going to be the first one to complain about the numbers being bad?

I mean the president managed to bring over 7.9 million jobs. The economy is rebounding and the conservatives will continue to complain about it. No matter what President Barack Obama does, they'll find some reason to hate on it.

There's six clowns running for the Republican nomination. Which one will dismiss this as good news?

The U.S. economy added 223,000 jobs in April, hewing close to expectations from economists, but the numbers fell short of a threshold that forecasters believe would signal an early rise in interest rates.

The unemployment rate dipped to 5.4 percent, according to data released by the U.S. Labor Department's Bureau of Labor Statistics.

It is a moderately strong showing following on March's weak report of 126,000 new jobs, but the jobs figures for that month were revised downward to just 85,000. February's numbers were revised slightly up from 264,000 to 266,000.
Continuing to stall policies, nominees and proposals. The Republican majority and it's two inept leaders have made the president's second term more contentious.
The labor force participation rate was largely unchanged at 62.8 percent. The average workweek on private non-farm payrolls remained at 34.5 hours in April.

The results were roughly in line with forecasts of between of 222,000 to 228,000 new jobs. As MarketWatch suggested ahead of the Labor Department's release "anything less than a 200,000 increase in April would be viewed as another letdown."

The New York Times added: "A strong number — a jump in payrolls by more than 300,000, for example — could rekindle speculation about when the Federal Reserve will take its long-awaited first step in raising short-term interest rates, which have been near zero since the onset of the financial crisis in late 2008."

The Associated Press says home sales staged a big rebound in March and restaurants, retailers and banks grew at a faster pace in April than in the previous month, according to the Institute for Supply Management.

Sectors that grew the most include professional and business services (+62,000), health care (+45,000). Mining and oil and gas construction both lost jobs.

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