Job Losses Probably Eased in December: U.S. Economy Preview

[maseman]

Source: Bloomberg News

Jan. 3 (Bloomberg) -- The worst U.S. employment slump in the post-World War II era may have almost ended in December, signaling the recovery will not be jobless much longer, economists said before reports this week.

Payrolls probably fell by 1,000 workers last month, the smallest drop since the recession began two years ago, according to the median of 58 economists surveyed by Bloomberg News ahead of a Jan. 8 Labor Department report. The unemployment rate may have climbed to 10.1 percent from 10 percent.


Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=answa4b69VQY&pos=2

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Now how about adding real, sustainable jobs with benefits? Nah, those are gone. Part-time retail and fast-food are not real jobs. We need to make stuff again in the US.

[Kahuna]

1. But but but....

:applause:

[Donnachaidh]

2. "probably eased" "may have climbed" -- even the attempt at spin ins sad

But the chocolate ration has gone to 20 grams. :puke:

[jpak]

7. No Doom for you!

:D

[Donnachaidh]

9. heh rofl!

:rofl:

[doc03]

3. I have heard several Wall Street people on

CNBC say we probably will show a net gain in jobs starting in December and I heard one say the GDP we will show 6% growth in the first half of 2010 and we will add around 300,000 jobs per month. One of the biggest bulls is Larry Kudlow, of course he gives the credit to TARP and Bush. I have heard him say the economy may slow down some after the ARRA money winds down in the last half. That's a strange statement from a Republican that has claimed all along that the Stimulus didn't work, isn't it?

[maseman]

4. Kudlow is a creep

And yes it is odd to come from him.

If they start adding jobs in erly 2010 and you see a few quarters of decent growth I will find it hard for the right to gain a lot of house seats.

[quaker bill]

5. I think it will be hard

for them to hold the seats they have. If there is real growth and an increase in jobs, it will literally be the first time in a decade.

[Left Coast2020]

8. There are still about 5-7 million people out of work.

If the Dem's expect to do any sort of holding on to anything, they need an incredible 1st Qtr. We're taking at least better than half that unemployment number to have something to show for in Nov. Remember, "Indy's" make up a big percentage of Dem support and if they are in the least bit unhappy, it still could be a rough Nov. If repugs keep showing Pallins face, it would help (too many negatives for her).

[quaker bill]

13. I don't think it takes that much

However I agree that the news needs to be consistently good. Analysts are expecting growth to approach a rate of 6 percent. If this turns out to be the case, it will be undeniable good news and better performance than any moment in the entire Bush administration. You have to go back to the Clinton boom years to match it.

[AllentownJake]

6. 6% GDP growth?

What the fuck are they smoking.

We had 2.2% in the third quarter and negative if you take out cash for clunkers and other stimulus programs.

6% :rofl:

Kudlow is the guy who was projecting DOW 50,000 in 2010.

[girl gone mad]

10. 6% is definitely a pipe dream.

Though I wouldn't be surprised if it does come in at 6%, pre-revisions.

[AllentownJake]

11. and ends up at 3% post revisions

We live in Soviet Russia. Take out the borrowed money, you are at negative still.

That is the beauty of GDP. It is the only income statement where you can count money borrowed as income.

[TexasObserver]

12. Recommend