This notion that the March numbers were bunk because of 48,000 census workers bothers me tremendously because so many on the left are citing it as a reason not to be glad.
Yes, I understand 48,000 from 162,000 equals 114,000 and we have to have an average of 150,000 in order to see a the unemployment rate go down. But after months of job growth in the negative, 114,000 PRIVATE SECTOR jobs is a VERY good thing. The largest job growth in three years is nothing to poo poo.
Sure, things still suck and they will continue to suck for a while but the fact of the matter is, again, we saw job growth in the PRIVATE sector last month. And on top of that, the manufacturing sector has been up FOR THREE MONTHS STRAIGHT. CONSTRUCTION is UP.
So, take about five minutes ..... and smile. Take a deep breath knowing that we're not all going to fall into the abyss. (Unless Iran is able to get ammo to the Taliban without us intercepting it first, but that's a matter for another thread.)
Private Sector Job Growth Drives March Employment NumbersToday's monthly employment report from the Bureau of Labor Statistics offers encouraging signs that the labor market has stabilized, private sector hiring is picking up, and our nation has started down the road to recovery.
While the jobs report doesn't merit high-fives or fits of bragging, it's quite a bit better than what we've been handed each month over the past two years. The economy added 123,000 private sector jobs in March, the most since May 2007. Overall, the economy added 162,000 jobs, including 48,000 Census positions. Census hiring accounted for less than one third of the new jobs while private sector hiring made up over two thirds of the employment gains.
During the first quarter, we had an average monthly gain of 54,000 jobs, compared to an average monthly job loss of 753,000 in the first quarter of 2009. This may not be success, but it is definitely progress.
Again this month, we see bright spots in manufacturing, which after losing jobs for three straight years, has now gained jobs three months in a row, and in the temporary help sector, which added another 40,000 jobs and 313,000 positions since September. The construction sector, which has been pounded during the recession, didn't lose jobs for the first time since June 2007.
I was also pleased to see that hours of work was revised upward for February and increased even more in March. This increase is a sign that part-time workers are getting more hours, another leading indicator of new hiring.
Data at the state level reinforces what we're seeing nationally. In February, twenty-three states reported increases in private sector employment. Employment gains, which had been concentrated in education and health throughout the recession, began to reach new sectors in February, with 13 states seeing employment increases in manufacturing, 12 experiencing gains in leisure and hospitality and 12 recording gains in professional and business services. I was encouraged to see that my state of New York was one of only two states to see improvement in all three of these sectors.
We are moving in the right direction. We are making progress.
http://www.huffingtonpost.com/rep-carolyn-maloney/private-sector-job-growth_b_523249.html