Data points to slow healing in labor market

This story doesn’t include another ACCURATE reflection of our employment picture: “September’s increase has halved to 88,200 new jobs from an initially reported 162,000.

Any HALVED estimate means that the REVISED September employment numbers will be significantly lowered.

OK almost 4 years into a recover and we are not creating the 300,000 a month job growth we need just to keep up with population growth. How much longer can we put up these kind of bad numbers? 250,000 would have been a good number a couple years ago. Today we are averaging half that.

If obama is re-elected the unemployment will double and the new jobs will be cut in half as businesses leave the US or just fold. No one is going to pay obama’s tax bill to do business here.

Data points to slow healing in labor market for 4 years…

“Healing”? More like just keeping heads above water – especially since many of these touted jobs are part-time and/or temporary.

I’m wary of giving much weight to these numbers, just because you’d need at least a couple months’ worth of data to gauge how accurate its new methodology is. Using the number of jobless claims as an indicator of economic healthy should be done with caution as well – NPR came out with a great article last week on how benefits claims notoriously undercount the number of people actually unemployed (ie: between 2007-2009, only half of those eligible actually filed for benefits). Not to mention that Hurricane Sandy will probably disrupt the ability of the BLS and other agencies to accurately count employment for some regions (though this would probably affect the November report more than this one).

All that being said, the general consensus seems to be that the economy is making steady growth – or is at least stable at this point. We’re seeing modest increases in hiring on job sites. Perhaps the growth isn’t happening quickly enough for some people, but overall, this is a sharp improvement to where we stood even just 3-4 years ago, with entire industries on the brink of collapse.

I can’t wait until real ADP numbers and accurate reporting start up again after November 6.

cheezzy
We have not had accurate reporting since ’08. In order for something to change, something has to change.

I love it, the righties/doomsayers are continuing with their ‘if it good news, it MUST be lies/conspiracy’ or ‘if it bad news, see I told you so’. You fooled a bunch of people for a few years, but now the rest of the population is on to your type and the only ones you fooling now are yourselves.

I was going to comment but the 1st 6 comments said everything I wanted to say.

The comments you are receiving are pretty good!! You should look at them.
Your slyly positive comments at every opportunity masks bias. The fact is pointed out in comments. It takes roughly at a minimum of 250,000 jobs per month to keep up with new workforce additions. That means higher continuing unemployment net for President Obama’s entire presidency!!

Plus the percentage of Black citizen youth in the inner cities has now exceeded the 50% mark attributed several years ago. Why haven’t you published these facts??