A breakdown of the March jobs report... even better news in the details

[scheming daemons]

CNN Headline teaser that Republicans won't like: "Finally! Job growth returns"

http://money.cnn.com/2010/04/02/news/economy/jobs_march/index.htm


Of the +162,000 increase.... 123,000 of it was by private companies, only 39,000 from government.

So it wasn't just the Stimulus. The private-sector hiring is heating up.


Other figures in the breakdown:

+22,000 Leisure and hospitality
+17,000 Manufacturing jobs (2,500 of these related to Auto industry)
+15,000 Construction jobs
+14,900 Retail and Sales jobs

"In a word, it's a resilient recovery," said Lakshman Achuthan, managing director of Economic Cycle Research Institute. "All these areas are stabilizing and moving forward. That's the hallmark of a recovery."

Change you can believe in!

[BurtWorm]

1. Self- delete

Never mind.


Gobama!

:woohoo:

[scheming daemons]

3. Uh, no..... you are lacking in understanding of what the numbers mean

The +162,000 is a net gain. There are 162,000 more people working this month than there were last month.


The reason that the rate stayed at 9.7% is because more people responded to surveys saying they are looking for work, but are not currently employed.

This is also a good sign. People who previously were saying they stopped looking (and therefore weren't counted in the unemployment rate anymore) are now looking again. This shows optimism growing that the job market is improving.

[BurtWorm]

4. I know. I misread your other post.

:woohoo:

[NJmaverick]

2. K&R

[no limit]

5. But I saw a 2 month old map here on DU that showed some states doing bad. So this cant be good

Just kidding, this is great news!

:)

[livetohike]

6. K&R

:kick: