Weak job gains hurt economic outlook

Comments (117)
RightofAttila wrote:

200,000 new jobs is not a robust economy. When it gets to 375,000+ per month and the true unemployment is down to 4.5 % or less then we can brag. The current Admin and Senate policies are anti growth and anti free enterprise/Capitalism. Leftist policies/Socialist policies are the world’s economic problem and are the direct cause of the current slowdowns.

Apr 05, 2013 7:19am EDT  --  Report as abuse
RightofAttila wrote:

200,000 new jobs is not a robust economy. When it gets to 375,000+ per month and the true unemployment is down to 4.5 % or less then we can brag. The current Admin and Senate policies are anti growth and anti free enterprise/Capitalism. Leftist policies/Socialist policies are the world’s economic problem and are the direct cause of the current slowdowns.

Apr 05, 2013 7:19am EDT  --  Report as abuse
Harry079 wrote:

You can run but you can’t hide.

Apr 05, 2013 9:00am EDT  --  Report as abuse
irisbrock wrote:

Stop crying. We are creating jobs for more than 3 years. Look what is happening in the World. Pure speculation. Do something productive!

Apr 05, 2013 9:05am EDT  --  Report as abuse
Obsilutely wrote:

Oh, you mean giving money directly to greediest people alive (the banks) doesn’t help the economy? I’m starting the realize these Harvard graduates are just hand jobs for Wall Street.

Apr 05, 2013 9:10am EDT  --  Report as abuse
Had-enough wrote:

Why does Reuters and other news media allow and not question the U.S. Labor Department to make ridiculous statements like “496,000″ people “just gave up looking for work”. Of course, this statement allows the Labor Department to manipulate the actual unemployment numbers. Why would any unemployed person ever admit on a phone call they quit looking for work to a state or federal employee and risk losing their unemployment check.

Apr 05, 2013 9:12am EDT  --  Report as abuse
COindependent wrote:

You can blame a 2% cut in spending via sequestration if you wish, but that only provides (very light) cover for the increased regulations, increased taxation, a 2% payroll tax increase on every worker, the impending costs of Obamacare and this President, while vowing to focus on jobs, is doing literally nothing to promote private sector businesses–starting with something as obvious as the Keystone pipeline construction.

Instead of focusing on job creation in the private sector, our President is more concerned about gun control, gay marriage, and his post-presidency agenda. Not one of these initiatives will create one new job. He efforts to redefine America are working–thus you have 47 million people on food stamps while there are literally thousands of jobs available–but he continues to promote friction between the job creators and the working class. His programs only motivate people to stay on the public dole–while demeaning those who do not have a college degree. The “defender of the middle class” is ensuring the demise of just that class; while his embraces those whose message is focused on diminishing America and what made this country great.

After four years, we still have fewer people working than in 2007–so much for his expansive spending programs that have only served to benefit those that he readily condemns–until the invitations are mailed to his $25,000 per plate fund raisers–useful idiots that they are.

Apr 05, 2013 9:18am EDT  --  Report as abuse
JustSayNo wrote:

Obama’s economy. This is the ‘new normal’.

Apr 05, 2013 9:52am EDT  --  Report as abuse
forgot0246 wrote:

The bastards in washington are killing our country and the Federal reserve is stealing our savings by printing soon to be worthless greenbacks which will cause masive inflation. Just wait until we are no longer the worlds reseve currancy

Apr 05, 2013 10:00am EDT  --  Report as abuse
bjiggs wrote:

Blaming this on sequestration is laughable. Sequestration cuts were barely a drop in the bucket for a government that’s $16 trillion in the hole. The fed CREATES that much wealth out of thin air EVERY MONTH through QE.

If the economy is so weak that it can’t weather a cut of less than 2%, then it’s an economy that’s going to tank no matter what you do. And let’s keep in mind that any economy that’s dependent on government spending is doomed to eventual collapse. Government itself is a net consumer of wealth.

Apr 05, 2013 10:06am EDT  --  Report as abuse
Dugway wrote:

Maybe the DOL needs to add a seasonal adjustment – tax season – to give the nude emperor yet another way of concealing the real picture.

Apr 05, 2013 10:10am EDT  --  Report as abuse
johnny22 wrote:

Obama and Bernake are a menace to prosperity.

Apr 05, 2013 10:14am EDT  --  Report as abuse
MikeyLikesIt wrote:

So in the first paragraph Reuters lays the blame on the sequestration, but in the third paragraph the analysts say it’s due to the tax increase.

Way to be consistent boys.

Now let’s sit back and watch how many times they change the headline until it reads along the lines of “US posts resilent job growth despite global uncertanty and obstruction from within.”

Apr 05, 2013 10:15am EDT  --  Report as abuse
Sue01 wrote:

It is interesting…I have read on Reuters and just about every other news site things were getting better…at least from the 98% of the media that is progressive/left…Obama encouraged the sequester that Jack Lew his Treasury Secretary came up with…I think they thought they could blame, as usual, the right…but it has come back to haunt them as the real culprit, Lew, and Obama’s incorrect accusations came to light…And now their only response is we must spend more…..how many trillions has the Federal Reserve under Bernanke poured in to our economy for over the President’s term? Why doesn’t someone figure how much Bernanke has dumped on us and how the wealthy who bought up bonds got rich off our backs? How will be pay back that money? Why has so much of the “spending” Obama did to “help” the economy go to unions, cronies and such a tiny amount to projects that were not ready to go? Where has the money gone? The next couple of years scares me to death!

Apr 05, 2013 10:19am EDT  --  Report as abuse
Sirspeak wrote:

Quick — more fund-raisers, more phoro-ops, more gun-control lectures in far-flung venues, more vacations…..

Apr 05, 2013 10:21am EDT  --  Report as abuse
David.Langley wrote:

“It was unclear whether across-the-board federal budget cuts that began in March played a significant role in the weak pace of hiring, although nervousness over the cuts might have made businesses shy about taking on more staff.”
What is unclear is how the government spending less of the money it has already looted from them would have any kind of bearing on a businessman’s hiring decision. This is a shameless attempt to have something negative to point to in reference to the sequester. What a joke! Pravda strikes again!

Apr 05, 2013 10:26am EDT  --  Report as abuse
uncledirtnap wrote:

@irisbrock

Really we’re creating jobs you say, hmmm. Maybe someone should tell the 90 million people who the government CLAIMS are no longer part of the labor force.

If the report that just came out hadn’t dumped 663,000 unemployed into the not part of the labor force cateory, if we completly ignored all the graduates, immigrants and new people looking for jobs since 2008 and if we did nothing more than use the labor force numbers from December 2012 (the last month of the last year of the Bush administration) the unemployment rate would have spiked to just over 12%

These numbers are an utter fraud released by an utterly corrupt administration for the benefit of brain washed boot-lickers like yourself.

Apr 05, 2013 10:30am EDT  --  Report as abuse
1954shadow wrote:

Hell yes, it is the tax hikes! Taxes went up 3.5 percent, that just ate up my 2 percent cost of living raise and I am still in the hole by 1.5 percent. Last year, dropped sat radio on my car, dropped the sat TV into my home, could only afford to see one movie at the theater last year, did not go out for a meal. Although, we treated ourselves to some Papa Murphy’s pizza, with a coupon, no less. We have to eat junk, processed food, fore the fresh produce is a budget wrecker. Oh, and another thing, did not take a family vacation last year or, the previous four years. I just grit my teeth when I see our “Dear Leader” and his family whoop it up at exotic locations several times a year. I am pissed as well as a good portion of the populace. I have one foot off the cliff and the other one on a banana peel. Working overtime at my job to try to fill in the gap. My 401k is now a 201k. We are in a depression, something I thought only my parents experienced, but, here it is. Just my two-cents worth, all I have left at this point and time. Good luck and God bless the rest of you.

Apr 05, 2013 10:31am EDT  --  Report as abuse
USAPragmatist wrote:

Obviously not a good report, the question is why…

COIndepenent had some ideas about why, here are the ones that are not based in facts…

1. ‘increased regulations’, well in fact the Obama administration has NOT enacted any crazy new regulations, in fact his Administration has actively been looking for regulations that could be gotten rid of.

2. ‘(Obama) is doing literally nothing to promote private sector businesses’ False, he has proposed many bills ot help job creation, but of course the GOP has always said no. Contrary to what many on the right have said Obama is not a ‘king’ and cannot do much on his own with out Congress.

Now what he got right…

1. Sequestration-businesses knew it coming, so they plan for the worst, by not hiring.

2. Payroll tax restore to old levels. first this was not an ‘increase’ unlike the GOP (and the ‘temporary’ Bush tax cuts) Obama stick to his word, this TEMPORARY payroll tax cut was never designed to be permanent. But the GOP hid their true intentions of the Bush tax cuts by calling them temporary when they never intended to make them temporary, part of the ‘Starve the Beast’ mentality they have.

My overall point is we are never going to solve our problems TOGETHER, if one side is going to continue to not be rooted in reality, but some fairy tail.

Apr 05, 2013 10:31am EDT  --  Report as abuse

Who in their right mind would start a business in this tax & spend climate?
This progressive/marxist regime punishes success, demonizes profit, taxes entrepreneurship to death, rewards dependency…

Apr 05, 2013 10:31am EDT  --  Report as abuse
gitmojo wrote:

If the sequestration is the cause then Obama is the ultimate criminal.
By creating the concept then betting that Congress wouldn’t cave is his miscalculation and not having a contingency plan to lessen impact is his FAILURE.
The implementation of obamacare is stifling hiring as well with thirty hour a week jobs the norm.
Latest brilliant plan to recreate housing boom thru lowered credit requirements is beyond reprehensible.

Apr 05, 2013 10:33am EDT  --  Report as abuse
Rich_F wrote:

you wanted obama another 4 years, you got em!

Apr 05, 2013 10:47am EDT  --  Report as abuse
rickshelton wrote:

“Washington’s austerity drive could be stealing momentum from the economy”… seriously?! There is no austerity. The sequestration turns out to be a cut in the increase. Our federal budget is still increasing, just not as fast. The biggest drag on our economy is the incessant meddling from Washington… EPA, FED, HHS, etc.

Obamacare is a slow moving train wreck on healthcare and our economy. Each week we discover some ominous new “feature”. Yesterday we learned that thousands of “navigators” would be needed to help individuals work through the bureaucracy. Think IRS for healthcare. We also learned that some state exchanges have been set up by people unsuitable to do this. Their main qualifications seem to be that they are Democratic supporters. Sounds like how they picked the surviving auto dealerships during the auto bailout.

Welcome to Omerica.

Apr 05, 2013 10:48am EDT  --  Report as abuse
COindependent wrote:

@USAPrag If you do not consider Obamacare regulation (of 15% of the economy) then, in your mind, you are correct. How about the new regulations that the EPA just saddled refineries –adding millions in cost to reduce emissions by another 2 ppm? (It also adds 10 cents to the cost of a gallon of gas? That works for every person that commutes to work). Or how about legalizing another 11 million illegals via Executive Order just before the election–entitling them to even more benefits the tax payers have to subsidize? Each of these has a cost that comes out of working man’s paycheck. Money he cannot spend on necessities.

I guess your fairy tale is my reality. Not one business I know of will considering hiring people when federal mandates increase their cost beyond their anticipated contribution. If you do not believe Obamacare is regulation, then you’re beyond help.

Apr 05, 2013 10:50am EDT  --  Report as abuse
damec70 wrote:

Interesting… Do we have an agenda to push?

SUBHEAD: “…a sign that Washington’s austerity drive could be stealing momentum from the economy.”

ARTICLE: “Analysts suspected some of the weakness was due to tax hikes enacted in January.”

Apr 05, 2013 10:52am EDT  --  Report as abuse
mbo wrote:

“austerity”???!!!

that’s a laugh!

the Federal government is STILL growing, the yearly deficit is STILL rising, national debt is STILL rising

what little minds does it take to consider the sequester ‘cuts’ (laughable in itself) to be some sort of “austerity”?

Apr 05, 2013 10:52am EDT  --  Report as abuse
royevatom wrote:

I just read that Mcdonalds can’t get enough employees; LOL
and WalMart won’t hire enough employees (can’t keep the shelves filled). Of course neither is a full time job with benefits and a future.
Doom is on the horizon and we are going to imploded any moment; degenerate into the ner do wells and criminals we are within the parameters of Tabloid Reporting of course.
Anyway, I am out the door, gotta go buy some more stuff and put some things in my storage unit. Do you suppose we could get some laws past so the Government would pay storage unit bills, mine are killing me and seriously detrimental to my purchasing power.

Apr 05, 2013 10:53am EDT  --  Report as abuse
Crash866 wrote:

USAprag
My overall point is we are never going to solve our problems TOGETHER, if one side is going to continue to not be rooted in reality, but some fairy tail.

Exactly. So not it’s time to take repsonsiblitiy and be accountable that the current policies are not and will not work. Obama and Bohner need to solve this and quick…

Apr 05, 2013 11:01am EDT  --  Report as abuse
trajan2448 wrote:

The jobless rate fell to its lowest since December 2008, but the report showed that much of the drop was due to the labor force shrinking by 496,000 people.

Apr 05, 2013 11:02am EDT  --  Report as abuse
trajan2448 wrote:

The jobless rate fell to its lowest since December 2008, but the report showed that much of the drop was due to the labor force shrinking by 496,000 people.

Apr 05, 2013 11:02am EDT  --  Report as abuse
trajan2448 wrote:

The jobless rate fell to its lowest since December 2008, but the report showed that much of the drop was due to the labor force shrinking by 496,000 people.

Apr 05, 2013 11:02am EDT  --  Report as abuse
dencal26 wrote:

Soon it will be clear that Obamacare is the reason for the weak jobs report. Preparing for the final shoe to drop in January. What employer with 45 employees will hire 5 more then be forced to offer healthcare to all 50?

Apr 05, 2013 11:09am EDT  --  Report as abuse
Crash866 wrote:

Sequester my a– and if it did play a hand someone needs to be held accountable for that happening. Enoough of the blame game from both sides. Fix it and fast. That’s why they were elected.The first step to fixing a problem is admitting you have one. I don’t see that ever coming from the current adminstration or those that support. Maybe when we hit bottom they will but maybe that was intention all along.

Apr 05, 2013 11:10am EDT  --  Report as abuse
USAPragmatist wrote:

@COIndependent, as I say please root your arguments in reality.

1.The new regulations from the EPA WILL NOT add to the cost of gasoline, in fact there was just an article on this site recently explaining the study and why it would not add to cost.

2. you imply that ‘Obamacare’ regulations add 15% to the economy, that is wrong. We have actually seen a slow down in the growth of healthcare costs since ‘Obamacare’ was enacted. Yes healthcare is 15% of our economy, but the goal of ‘Obamacare’ is to make it more efficient and affordable for all. And so far by all meaningful metrics it is doing pretty well. But as usual time will tell, the biggest cost cutting measures have not kicked in yet.

3. to quote you ‘ Or how about legalizing another 11 million illegals via Executive Order just before the election–entitling them to even more benefits the tax payers have to subsidize?’ this is just plain wrong on so many levels, the executive order you refer to was not ALL Illegals, it was simply those that would be affected by DREAM act, those that where brought here as kids. And giving someone citizenship (or in this case green cards) for graduating from college or being in the military is not ‘entitling them to even more benefits the tax payers have to subsidize’. On a side note, illegals are a net gain to government programs, because they are not eligible to receive benefits but many still pay in because they working under fake SS numbers and the money still gets taken out of pay.

Apr 05, 2013 11:15am EDT  --  Report as abuse
AnnieP1 wrote:

But we had our recovery summer two years ago…..and all Obama thinks about is jobs, jobs, jobs. Obviously this is a plot by Drduge and Fox news.

Apr 05, 2013 11:23am EDT  --  Report as abuse
bobber1956 wrote:

Here is a small clue of what is going on down on main street. I know because me and all my “cronies” have discussed it with each other and whole lot of other groups of “cronies”. We are NOT going to pay obama’s taxes. Think about it.

Apr 05, 2013 11:25am EDT  --  Report as abuse
cwilburn wrote:

@USAPragmatist

Do you honestly believe that illegal aliens PAY TAXES using fake SS numbers knowing they are not going to receive benefits?

Apr 05, 2013 11:34am EDT  --  Report as abuse
redmerlot wrote:

This is going to work out great!
Fewer people in the work force requires fewer jobs, and the unemployment rate keeps dropping.
Why, soon we’ll have zero unemployment, and there will be one
poor slob somewhere in the midwest as the last person in the nation who actually has a job.

Apr 05, 2013 11:37am EDT  --  Report as abuse
patches12 wrote:

Insanity – definition = doing the same thing over and over again and expecting a different result. Sure, lets keep spending money we don’t have to create more minimum wage jobs…. aaaarrrrrggghhhh

It won’t be long now, Obama and the Dems will be blaming Bush again Obama is never held to account for anything he does… unless its successful.

New tax increases, those seen and unseen, are beginning to have their effect

Apr 05, 2013 11:52am EDT  --  Report as abuse
JohnnyRNO wrote:

Let’s see, we just found out that over 600,000 people dropped out of the job market shrinking the number of people working by 90 million workers since Obama took office. This is 1979 levels of people working. Or prez is telling us that the economy is doing well? I think he needs a good hot cup of coffee to clear his head.

Apr 05, 2013 11:53am EDT  --  Report as abuse
jrj906202 wrote:

If you were a business owner,how much would you want to hire new workers?With lawyers lined up to sue you.Employees claiming disability.With costs for Obama care,for every employee.With Obama bashing you every time he gets.Anyone who understands how Obama’s policies are a disaster,wouldn’t be in a hurry to add employees.

Apr 05, 2013 11:54am EDT  --  Report as abuse
StigTW wrote:

The sequester is NOT austerity it’s a reduction in the RISE of spending NOT a cut back.

Apr 05, 2013 12:07pm EDT  --  Report as abuse
MichMike wrote:

Really? A 7 billion / month reduction in the rate of federal spending growth has less impact than the 70 billion / month or so ofhits to the economy via Obama’s legislation, regulation, taxation, and suppressing of activity, specifically in the energy sector. Hmmmm, I guess that makes sense.

Apr 05, 2013 12:15pm EDT  --  Report as abuse
Lightray9a wrote:

Similar pattern to the last three years. A RELATIVELY better run-up of economic data in January through March, and then it peters out in the summer and fall. Look for even further economic decline with income tax increases and ObamaCare taxes hitting our pocketbooks.

Apr 05, 2013 12:20pm EDT  --  Report as abuse
outspoken wrote:

When I read all the garbage the main stream media promotes about the “recovery” of our economy I think about the old adage about an arrogant person – “I wish I could buy him for what he is worth and sell him for what he thinks he’s worth”. I just wish I could buy the economy for what it’s worth and sell it for what the news media keeps telling us it’s worth. Does anybody remember real journalism and not just a group of Democrat Party stenographers with printing presses.

Apr 05, 2013 12:23pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

How’s that Hope & Change working out for you?

Apr 05, 2013 12:27pm EDT  --  Report as abuse
shadrach wrote:

Hope & Change

Apr 05, 2013 12:30pm EDT  --  Report as abuse
sailordude wrote:

Wait, the story says “analysts” blame the tax hicks for the slow down, so who is saying it’s the “cuts”? I suspect that some liberal writer threw that out there don’t you?

Apr 05, 2013 12:32pm EDT  --  Report as abuse
johnwayland wrote:

Over four years of Obama and here are the results of his “leadership.”

Apr 05, 2013 12:45pm EDT  --  Report as abuse
supremacy wrote:

We need 120,000 new jobs a month just to keep up with population adjustment. “Adding” 88,000 jobs is actually a net loss, not even counting the hundreds of thousands of people that have permanently dropped out of the work force.

Apr 05, 2013 12:46pm EDT  --  Report as abuse
supremacy wrote:

We need 120,000 new jobs a month just to keep up with population adjustment. “Adding” 88,000 jobs is actually a net loss, not even counting the hundreds of thousands of people that have permanently dropped out of the work force.

Apr 05, 2013 12:46pm EDT  --  Report as abuse
supremacy wrote:

You didn’t build it, so we’re going to take it from you.

Apr 05, 2013 12:52pm EDT  --  Report as abuse
USAPragmatist wrote:

@cwillburn, If they using fake SSI number it gets taken out of their paychecks automatically.

Apr 05, 2013 12:53pm EDT  --  Report as abuse
JWnTX wrote:

“It was unclear whether across-the-board federal budget cuts that began in March played a significant role in the weak pace of hiring, although nervousness over the cuts might have made businesses shy about taking on more staff.”

This is obvious editorializing by the reporter in order to cover for the Administration. There is not one shred of supporting evidence for this speculation anywhere in the article. Pathetic. Reuters’ editors should have struck this paragraph in full.

Apr 05, 2013 12:54pm EDT  --  Report as abuse

Don’t worry about anything Obama has it all covered with his big government welfare, tax and spend policies.

Apr 05, 2013 1:07pm EDT  --  Report as abuse

How ironic that our first black president is making so many of our citizens slaves to his big government welfare.

Apr 05, 2013 1:08pm EDT  --  Report as abuse
RalphCanine wrote:

As a Boomer entrepreneur, and the friend of many other Boomer entrepreneurs, a major topic of conversation has been, “Is it still worth it to keep working, or is it time to fold the business and play a lot more golf?” The gigantic tax increases for ObamaCare and Federal income tax, plus Proposition 30 in California, roll together as one big incentive to retire a little earlier, or at least cut back to half time. Maybe once we’re not working, we won’t count as evil capitalists any more and can join the ranks of the official good guys, the takers.

Apr 05, 2013 1:11pm EDT  --  Report as abuse
adrianvance wrote:

Who says 660,000 dropped out? Were they surveyed? Documentation? This is a lie. The real unemployment rate is over 20%

See The Two Minute Conservative at: http://tinyurl.com/7jgh7wv and when you speak ladies will swoon and liberal gentlemen will weep.

Apr 05, 2013 1:27pm EDT  --  Report as abuse
MikeyLikesIt wrote:

@USAPragmatist

That’s a big “if”.

You forget that many illegals and those greedy evil companies work out a deal where they are paid less but with cash under the table. These employees don’t exist according to the IRS, but their kids still go to school on our dime and they go to emergency rooms when they have the sniffles.

Just look at California. They estimate that illegals are costing them over 10 Billion dollars every year in services. And these numbers were from 2004! Imagine what it is now!

Just because they are given amnesty doesn’t mean they are going to change their deal and start paying taxes. They would simply sign up for all the welfare they could get while still working for unreported cash.

Apr 05, 2013 1:45pm EDT  --  Report as abuse
libsukbigtime wrote:

And yet, the whitehouse said the economy continues to recover. This number is over 100K less then last month and the worse number in 9 months. Whitehouse is either lying or they have no clue what they are doing. Liberals, which one?

Apr 05, 2013 2:07pm EDT  --  Report as abuse
BobS64 wrote:

The policies of the democratic party have made this happended, despite the what the treasonous liberal media says.

Apr 05, 2013 2:23pm EDT  --  Report as abuse
DocScience wrote:

Let’s get it straight, austerity is when government REDUCES its spending to keep more money in productive private sector.

Raising taxes is ANTI-AUSTERITY.

Apr 05, 2013 2:24pm EDT  --  Report as abuse
MikeBarnett wrote:

This is another reason for not investing in the US. The economy does not work for the people who are needed to make it work. This will reduce total US profits and GDP growth.

Apr 05, 2013 2:44pm EDT  --  Report as abuse
pedalerguy wrote:

It’s always people with jobs telling the unemployed that “things are not as bad as they seem” and not to “read too much into the numbers.” Jobless claims go up, employment goes down and the unemployment number shows improvement. Kind of like Alice in Wonderland. “If we ignore you, you don’t count – even if we know you’re there.”

Apr 05, 2013 2:47pm EDT  --  Report as abuse
MikeBarnett wrote:

This is another reason for not investing in the US. The economy does not work for the people who are needed to make it work. This will reduce total US profits and GDP growth.

Apr 05, 2013 2:51pm EDT  --  Report as abuse
janetcares wrote:

I had a difficult time finding a job. It seemed that all the jobs I applied for were being sent overseas. I stumbled across studentfreelance.com and found a job immediately. Fortunately, this website’s mission is to keep jobs in America. Truly saved me!!

Apr 05, 2013 2:52pm EDT  --  Report as abuse
Cruci wrote:

Isn’t gonna help if obama wants to keep raising taxes

Apr 05, 2013 3:01pm EDT  --  Report as abuse
easterniron wrote:

For the record..the tax hikes were not a part of an “austerity” drive. They were a part of the President’s insistence that taxes go up instead of curbing spending. Tax hikes have nothing to do with austerity. Of course Reuters would rather use a word like austerity rather than as part of tax and spend liberal policy that this president subscribes to. A policy that has spoiled any chance of a real recovery since he was elected.

Apr 05, 2013 3:07pm EDT  --  Report as abuse
Idealogue wrote:

Wow, looking through these comments, it is easy to see how the GOP is having such a hard time being taken seriously. Did you really all forget how we got here, rather than just blaming Obama for all your problems? Did you not live in the country for the past 14 years? The downturn occurred on the last administration’s clock back in about 2004, when the unemployment started growing at a large rate. By 2009, when Obama got in, the rate was at 800,000 jobs lost per month.
As long as you refuse to admit your trickle down economic ideology failed us, the GOP will always be marginally serious.
You can live in that alternate universe and refuse to admit it, but the rest of us on planet Earth remember very well how Republican policies screwed the USA for almost ten years as the downturn started and accelerated into the second decade of the 2000′s.

Apr 05, 2013 3:08pm EDT  --  Report as abuse
Crash866 wrote:

By the way it doesn’t hurt it it’s a fact of a weak economy. Facts suck!!

Apr 05, 2013 3:08pm EDT  --  Report as abuse
bobber1956 wrote:

BTW
We are already in the hole for next week…

Caterpillar laying off 460 workers, cites weakness in mining [which means more]

http://www.reuters.com/article/2013/04/05/us-caterpillar-mining-layoffs-idUSBRE9340S120130405?feedType=RSS&feedName=domesticNews&rpc=76

Apr 05, 2013 3:28pm EDT  --  Report as abuse
Briank1967 wrote:

Keynesian economic theory, I would like to introduce you to the real world.

{a few moments later)

Gee, for the life of me I can’t understand why they are not getting along.

Apr 05, 2013 3:31pm EDT  --  Report as abuse
Fantom65 wrote:

Why can’t the media just tell the truth? Most everyone with common sense knows these poles are incorrect. The economy is in the toilet. They can’t fix a 16 trillion dollar deficit. We the people have been bamboozled. These bufoons (Demos & Repubs) have taken our money and give us debt and chaos, look at their policies. 16 trillion in debt, North Korean kid threatens us, Iran lies to our face,we give billions more than the “sequestration” to countries that burn our flag. We spend more money than we take in and our president thinks more spending is the answer. Mentally ill criminals kill our teachers and kids and our elected officials blame the guns. 11 million criminals are hiding within our boundries and politicians are looking for a way to make them citizens (Voters). Inflation is here,look at your grocery bill, and gas prices. We the people have made some drastic mistakes at the voting poles and we the people are going to pay, for several generations. If you all want someone to blame, blame ourselves for believing politicians! Stock pile food, plant a garden, and buy an assult rifle. You will need it to keep those 11 million illegal aliens out of your garden.

Apr 05, 2013 3:32pm EDT  --  Report as abuse
bobber1956 wrote:

I also think we have more lay-offs comming here

“HP shakeup points to more “shareholder friendly” board”

http://www.reuters.com/article/2013/04/05/us-hp-chairman-idUSBRE93312U20130405?feedType=RSS&feedName=topNews&rpc=76

Apr 05, 2013 3:34pm EDT  --  Report as abuse
ConradU812 wrote:

Judging by the unanimous opinions in these posts (USAPragmatist doesn’t count), It appears that the murky water surrounding the current administration is becoming clearer, in spite of the sycophantic medias’ best efforts.

Apr 05, 2013 3:41pm EDT  --  Report as abuse
bobber1956 wrote:

All that “good news” about consumer sepending lately:

“The Federal Reserve says consumer borrowing rose $18.2 billion in February from January. That’s up from a gain of $12.7 billion in the previous month.”

It is not real money and with this job report…and yesterdays “unexpected” rise in unemployment claims…

and more taxes comming from obamy

this is reality folks.

Apr 05, 2013 3:42pm EDT  --  Report as abuse

Hello Obamacare, higher taxes, higher spending. That’s 4 more years of an administration that prefers to mingle with the rich and famous!

Apr 05, 2013 4:01pm EDT  --  Report as abuse

There was only a net loss of 7,000. government jobs in the March jobs report. Only Obama hack journalists are suggesting that the sequestered spending cuts had anything to do with the dismal jobs report.

Apr 05, 2013 4:13pm EDT  --  Report as abuse
FredFrosty wrote:

Don’t worry about the jobs report.
Barack O’bortion will make sure EVERYONE including the elderly, can put birth control pills on the table.
You’ll always have something to eat under Obama.
Thanks Obama! PBOH…

Apr 05, 2013 4:15pm EDT  --  Report as abuse
FredFrosty wrote:

Hail to the Chief. PBUH.

Apr 05, 2013 4:17pm EDT  --  Report as abuse
tiktin wrote:

There is no evidence that, on balance, low interest rates help either the economy or the employment rate. Even if, on balance, low interest rates were a plus, there is no evidence that such a plus would overcome the many other factors that are negative for both employment and the economy. Mr. Bernanke keeps saying he will keep interest rates low until employment improves. He may have to wait a long time.

Apr 05, 2013 4:18pm EDT  --  Report as abuse
sublation wrote:

RightofAttila wrote:

“200,000 new jobs is not a robust economy. When it gets to 375,000+ per month and the true unemployment is down to 4.5 % or less then we can brag. ”

You don’t even know what you’re talking about… the last time it was even close to that was end of the 90s decade. Then bush took office and you see it shoot up and peak during his term. It has been going down from that mountain since he left office.

Google unemployment chart by year. Find one that lists it since the 1990s or before. Especially if you look at it from the 1950s the pattern we are in is consistent. It rises and falls like playing an arp on the guitar.

Apr 05, 2013 4:22pm EDT  --  Report as abuse
bobber1956 wrote:

Another and this one was pushed by guess who

“Green” car maker Fisker fires 75 percent of U.S. workforce”

http://www.reuters.com/article/2013/04/05/us-autos-fisker-layoffs-idUSBRE9340U920130405?feedType=RSS&feedName=topNews&rpc=76

Apr 05, 2013 4:29pm EDT  --  Report as abuse
david7134 wrote:

USAPragmatist,
I am interested, how much do you get paid by the Obama people or Soros to write comments on blogs? It is clear that you are using democratic talking points and rehashing the same old lies of our communistic president. Why not try telling the truth about the failed programs of the last 5 years and how they are killing the US? Of course, I could care as this is falling right into the play book for those of us that desire for freedom of the South. We feel that Obama has been the best thing ever to get secession going again.

Apr 05, 2013 4:31pm EDT  --  Report as abuse
FresnoBlues wrote:

What’s odd about this situation is that Reuters is discussing the precariousness of the US economy while there is a Democrat president. People no longer worry about $4.00 gas, a workforce participation rate equal to that of 1979, and no prospects for improvement anytime soon. The reason? Because these issues are not hammered into our consciousness day in and day out like they were when Bush was around. Ironically, the economy was great under George W. Bush, unemployment was virtually nonexistent, yet each and every day we heard quotes from Nanzi Pelosi that things were horrible, the only jobs available to the American workers were burger flipper jobs.

Apr 05, 2013 4:32pm EDT  --  Report as abuse
theJoe wrote:

Weak job gains hurt economic outlook

NO NO NO, Republicans hurt the economic outlook.

Apr 05, 2013 4:34pm EDT  --  Report as abuse
Fantasywriter wrote:

What do you mean, “It was unclear whether across-the-board federal budget cuts that began in March played a role in the weak pace of hiring,” of course it didn’t. Yes, there is an automatic cut but there is an automatic increase as well. Let me try and explain this as simply as I can. Let’s assume a man earned $100,000 last year. That is his baseline income for 2012. Let us also stipulate that he has an agreement that every year he would receive an automatic 10% increase to his previous year’s baseline salary. Let us also stipulate that, by a cost cutting agreement, he would face an automatic 5% across the board salary cut on his 2012 baseline salary unless cost cutting measures are worked out with the employer. So what happens? First, there would be a $10,000 (10%) increase over the 2012 baseline salary for 2013. Second, there would be a $5000 (5%) across the board cuts from the 2012 baseline salary. When you add the two together the man’s 2013 salary will reflect a net increase of $5000 (5%) over the 2012 baseline for a total 2013 salary of $105,000. Where’s the the actual cut.

Apr 05, 2013 4:59pm EDT  --  Report as abuse
1mindgame wrote:

But how can this be?? President Obama assured us that the private sector was doing fine last year when he was running for re-election.

Apr 05, 2013 5:00pm EDT  --  Report as abuse
mewp1 wrote:

When they talk about how many jobs were added they never mention how many hobs were lost.

Apr 05, 2013 5:02pm EDT  --  Report as abuse
l3lessed wrote:

Fresnoblues, you’re funny. The only reason the Bush economy was even halfway decent was his massive debt spending, which is now causing a massive drag on our economy as we try to pay off the trillions of dollars of debt the neoconservative policies racked up and continue to rack up. Of course when you dump trillions of dollars into the economy through two unneeded wars and massive unneeded tax breaks, it is going to do great, until the bill comes do. But you guys don’t want to take responsibility for your failed actions and policies that have bankrupted this country. Instead, you want to try and just dump it all on the current administration and those evil liberal, socialist, Marxists set on destroying America as we know it. You’re unwillingness to accept any viewpoint, no matter how grounded in reality, data, and facts, that brings into question your religious like adherence to your ideological purity and belief system is the problem. As USAPrag said, when one party refuses to even operate within reality, it makes it pretty hard to actually solve problems because they would rather spend all day throwing up straw men fallacies, distractions, and rhetorical fluff then admit, just maybe, there belief system and ideology aren’t infallible.

Apr 05, 2013 5:06pm EDT  --  Report as abuse
NowIHateYou wrote:

I know..with my experience/education, I can’t even get into Rackspace. Arrogant bunch of people. And don’t get me started with USAA…

Apr 05, 2013 5:08pm EDT  --  Report as abuse
Bagdeduche wrote:

USAPrag & Idealogue – Stay away from my check book!!!

USAPrag – Regarding the EPA – If regs require re-tooling at a power plant or refinery does the cost not get handed down to the consumer? Let me add another twist, if that scenario happened in a socialist country would it not be handed down to the consumer?

Idealogue – 10 years really? starting when? I guess you must have still been in school until ’08 because I did really well!!! 9/11 didn’t have any influence on the economy, or a democratically controlled Congress from 06 through ’10. Presidents do not pen bills! Congress does, a president signs them into law! Bush and Obama are both horrible!

Either of you 2 work for reuters? Or work in politics and are using deniable handles to influence the conversation? I bet college students?
I do not think anyone here is huge Bush fan, lest not me! Your guy has no practical skills except oration! Implementation is not his strong suit. Not a repub, just a free thinker who sees the people being manipulated!

Apr 05, 2013 5:18pm EDT  --  Report as abuse
bobber1956 wrote:

l3lessed

Bush’s massive debt spending? Talk about funny. 6.1T in 8 yrs. and all he had to deal with was Katrina, 911, the war on terror and estabishment of DHS (which under obama is becommming a nightmare of curruption and waste) and few other “small” problems.

obummer just under 7T in less than 5 years with a draw DOWN in military activity. Of course there was Sandy but you would have to ask the folks in NY and NJ how well he did there (right now I bet they would vote for Romney). The rest of that 7T? Who knows…it obviously did not stimulate the economy. A secured border? (13% increase in illegal trffice from last year) Iran is still working on nukes. Fewer people have health care than 4 years ago and those that have it are paying more out of their own pockets. Go out side much? People don’t smile hardly at ALL any more and trust hardly any one. We do not even have gun control, shouldn’t, and won’t, how much has his little campaign cost us there?

Here is a common fact about the American people. We really do not mind spending money as long as there is a return. We would not mind spending 7T dollars but hey-WE GOT NOTHING! And have learned to EXPECT less-THAT IS THE DISGUSTING PART!

So what is so funny? I will answer that-nothing. It has all been pretty much disgustingly pethetic since 1/09.

Apr 05, 2013 7:28pm EDT  --  Report as abuse
bobber1956 wrote:

Bagdeduche

Limit the amount of brain time you give these idiots or you will loose some free thinking time….just a suggestion. Oh yeah, I almost forgot-if you don’t take a firm stand on something you will become idealisticaly pragmatic. That is an objective observation. I have been out of college a very long time. MA

Apr 05, 2013 7:37pm EDT  --  Report as abuse

i’d like to call this the wailing wall for obama bashers. the biblical image of wailing and gnashing of teeth seems appropriate for the fundamentalists and ignorant bigots who search for anything they can distort into bad news and blame the president for.
spend in recession, cut during boom–that’s what most legitimate economists say. so when will the house pass a jobs bill to repair deficient bridges and roads? oh, the corporate right wing no longer needs roads to move goods to market because they arrive by ship now from china. and why are the wealthy sitting on almost $2 trillion? could it be more cynical attempts to destroy the economy while congress tries to dismantle the government in order to rebuild the country as a feudal system? yeah, jobs=lower lower lower wages while already 40% own about .3% of the wealth meaning most are working at jobs that leave them below the poverty line.
your spending cuts will only lead to your maniacal death spiral of the economy. enjoy the ride down. there are food stamps waiting for you.

Apr 05, 2013 7:56pm EDT  --  Report as abuse
bobber1956 wrote:

googlemcgoogle

Nothing you mentioned has anything to do with the reality of current events. Name calling, speculating, theorizing, and FALSE god worship. According to your king we are not in a recession and we are booming so cut. Pick a lie and stick with it, ok. Food stamp enrollment higher than it has EVER been and growing-under obama. 750 billion down in less than 6 mos this year and getting worse-on track for another 1.5T in debt this year. 7T debt in less than 5 years. Those are not wailing matters those are reality. Give me a realistic wailer over a koolaide drunk idealist living a fantasy any day. The president IS to blame for most of it…unless you want to deflect the blame on to those that were warned about him and voted for the idiot anyway. I am in on that. The trouble with the economy right now is NOT a spiral, it is just COSTING more and more and more to keep up with obama’s incessant spending increases with no end in sight. One way or the other it is GOING to end, soon. We are running out-actually have run out of money for the king to waste. These are not distortions they are real. And it IS bad.

Apr 05, 2013 8:37pm EDT  --  Report as abuse
birdonawire wrote:

Tough to blame the ending of the payroll tax holiday on Obama’s “leftist policies” Every economist and all democrats were against it for exactly the reasons stated in this article. Not a bad idea, necessary just not yet. Better to do that when the economy is rolling and producing 300,000 jobs a month.

But the current brain dead, conservative leadership of the Republican party insisted on their ounce of blood from the middle class in exchange for agreeing to a modest tax hike for the rich. Well this is what you get, a slowdown. No big surprise there. Lets just hope that the economy is resilient enough to shake this off and shake off the negative impact of the sequester at the same time.

Not that fools like Attila would want to see that happen.

Apr 05, 2013 9:25pm EDT  --  Report as abuse
TheNewWorld wrote:

I think we face more danger if we don’t implement tax increases and spending cuts. Yes it is going to result in a slow down, but this is the economy we can afford. It is much better than facing an economy in the brink of monetary collapse due to endless deficit spending.

Apr 06, 2013 5:53am EDT  --  Report as abuse
TheNewWorld wrote:

I still can’t get over the amount of Partisan Democrats still blaming the Republicans for Obama’s policies. He wanted higher taxes, you all wanted higher taxes, Republicans opposed them, this is what you get. If you think the tax Holliday for entertainment employees affected unemployment you are seriously lacking in logic. Employees are not the people who employ, they are the employed. It is the tax hikes on the rich that affect unemployment. Tax hikes on the employees affect demand, and we will see the effects of that a little further down the road, these numbers are due to immediate action taken by employers to get their margins in line.

Apr 06, 2013 7:58am EDT  --  Report as abuse
Abulafiah wrote:

TheNewWorld wrote:
“I still can’t get over the amount of Partisan Democrats still blaming the Republicans for Obama’s policies.”

Nobody is blaming Republicans for Obama’s policies. The ones that reversed the Republican Recession and brought years of GDP growth and job growth.

We blame Republicans for the recession they caused in the first place, and for then obstructing Obama’s efforts to fix there mess.

I know you are basically a FoxBot, so right now you are itching to say “Aaaah but… the recession was 2007/2008. Now it is 2013 and everything happening now is down to Obama”. Don’t bother. A recession that severe will take at least ten years to recover – and that is without a bunch of obstructionist trying to prevent recovery.

Apr 06, 2013 9:16am EDT  --  Report as abuse
TheNewWorld wrote:

No Abulafiah there are still Democrats blaming the Republicans for the rise in unemployment due to the tax increases. Try to follow along here.

Apr 06, 2013 2:36pm EDT  --  Report as abuse
JSMLQ wrote:

I’m not sure an article could bend and curve any more than this to create the appearance of a growing economy without any statistics to prove the point. One sentence in particular caught my eye, “The Congressional Budget Office has estimated that tighter fiscal policy will subtract about 1.5 percentage points from economic growth this year.” With a current economic growth of zero this would tell me that we’ll have a negative growth this year.

Apr 06, 2013 11:13pm EDT  --  Report as abuse
Abulafiah wrote:

@TheNewWorld

1) There is no rise in unemployment. There is a decrease in unemployment that is lower than expected. It is right there in the article you haven’t read: “Payrolls expanded by just 88,000 last month outside the farming sector, the Labor Department said on Friday.” You do know what ‘increase’ means?

2) Blaming it on tax increases is just you being a FoxBot. Rational people understand that the decrease in unemployment does not have to be identical month after month.

3) There was no tax increase. There was a temporary tax cut that expired right on schedule, as everybody except FoxBots knew it would.

4) Which post is ‘ Democrats blaming the Republicans for the rise in unemployment’?

Apr 07, 2013 2:46am EDT  --  Report as abuse
starguy wrote:

How’s that “Obama Recovery” working out for you?

Apr 09, 2013 10:44pm EDT  --  Report as abuse
4ngry4merican wrote:

bobber1956 wrote: “Of course there was Sandy but you would have to ask the folks in NY and NJ how well he did there (right now I bet they would vote for Romney).”

I usually don’t bother responding to your comments anymore because you’re clearly beyond help, but I thought I’d enlighten you on this particular pile of BS you flung at the wall. I live in NY and have many friends and family who live in the area most affected by Sandy. Most everyone here agrees that President Obama along with Governors Cuomo and Christie did an excellent job of managing the situation as best as could possibly have been expected. As for your ludicrous assertion that we would vote for Romney, I know actual facts aren’t your strong point but if you think really hard you may remember that Sandy actualy happened before the election and subsequently New York and New Jersey went overwhelmingly to Obama.

Anyone who reads these boards regularly already knows you’re a liar who makes up your own “facts” to base your ridiculous arguments on, but I felt persoanlly compelled to call you out on this particular whopper.

Apr 10, 2013 9:28am EDT  --  Report as abuse
petejury wrote:

If you ask me, unemployment should be tackled from the bottom up – Although much unemployment arises from changes in the global economy, a creative approach at a local level can often mitigate such losses, and Federal policies can’t be relied upon to deal with local issues. However, it is essential that politicians and administrators seek advice from specialists in the economic crisis, as some counties have already done with positive results. For example, the Orlando Bisegna Index, apart from measuring the intensity of the econonomic crisis in many countries, have developed a program which has helped various counties with debt problems, business failures and unemployment, thus improving the economic condition of many families. You wouldn’t call a doctor to fix your leaking roof. But every day we allow non-specialist politicians take decisions for us which determine whether or not we’ll have bread on the table next month!

Apr 11, 2013 9:29am EDT  --  Report as abuse
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