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Found! 1 million jobs

N

ntdz

Diamond Member
http://money.cnn.com/2007/02/01/news/ec...tlook/index.htm?postversion=2007020115

the numbers will also include the Labor Department's so-called benchmark revisions to job numbers for April 2005 through March 2006. While it's gotten very little attention, the department's Bureau of Labor Statistics (BLS) estimated last October that the revisions will add about 810,000 jobs to its count of U.S. payrolls for that 12-month period.
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Turns out our economy has made nearly 1 million more jobs than originally thought, which is obviously a good thing and FURTHER proof the economy is doing just fine.

Wachovia senior economist Mark Vitner estimates a total net gain of 1.2 million from all the revisions.
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Awesome.
 
Originally posted by: ntdz
Turns out our economy has made nearly 1 million more jobs than originally thought, which is obviously a good thing and FURTHER proof the economy is doing just fine.
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The economy is the one bright spot I rarely quibble with. Good news. :thumbsup:
 
So the government now has a new job statistic for illegal immigrants and under the table job market? 😛
 
Its all smoke an mirrors we wont see the dark side of the tunnel until this summer. Watch this summer closely, I fully expect the real estate market to have a huge drop in value this summer. When the inventory hits new highs this summer and nothing is moving with real estate combined with a raging battle in Iraq and Afganistan, consumer sediment will lower. Not to mention the price of oil has a high chance of rebounding back into the +60s which will put a damper on the U.S. economy. Unemployment will raise with side effects of a complete slowdown in the real estate market and also the future pullout of troops will cause layoffs across the economy (defense industry etc. and other related industries to the war in Iraq.) Not to mention inflationary pressure will still be there due to the fact that the government funds wars by printing more money. All the problems are there just lurking in the background for now.
 
Who cares?
I want to know what KINDS of jobs and what do they pay.
In other words, is McDonalds hiring?
 
Originally posted by: techs
Who cares?
I want to know what KINDS of jobs and what do they pay.
In other words, is McDonalds hiring?
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I was waiting for that one. Yes, McDonalds hired 1 million people that we didn't know about. You got us.

Were you asking these questions during the Clinton years or were you ecstatic about how great the economy was?
 
Originally posted by: nullzero
Its all smoke an mirrors we wont see the dark side of the tunnel until this summer. Watch this summer closely, I fully expect the real estate market to have a huge drop in value this summer. When the inventory hits new highs this summer and nothing is moving with real estate combined with a raging battle in Iraq and Afganistan, consumer sediment will lower. Not to mention the price of oil has a high chance of rebounding back into the +60s which will put a damper on the U.S. economy. Unemployment will raise with side effects of a complete slowdown in the real estate market and also the future pullout of troops will cause layoffs across the economy (defense industry etc. and other related industries to the war in Iraq.) Not to mention inflationary pressure will still be there due to the fact that the government funds wars by printing more money. All the problems are there just lurking in the background for now.
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All on the watch of the new Democratic leadership. :laugh:

 
Yeap the democrats will get all the problems handed down by bush and the republicans. Unfortunately the democrats are not good fiscally either so we are screwed im afraid.
 
Originally posted by: techs
Who cares?
I want to know what KINDS of jobs and what do they pay.
In other words, is McDonalds hiring?
Click to expand...

Real Wages have been increasing as of late.
 
Originally posted by: nullzero
Yeap the democrats will get all the problems handed down by bush and the republicans. Unfortunately the democrats are not good fiscally either so we are screwed im afraid.
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Kinda like how Bush inherited a downward spiraling economy from Clinton?
 
Wow! And here I though only Disney could produce magic on such a grand scale! When the economy is in the crapper and foreign policy is for sh*t, find a way to fool the public even more! Sorry if I don't jump up and down and kiss Repub arse. A change this drastic just reaks of manipulation.
 
Originally posted by: conjur
Wow! And here I though only Disney could produce magic on such a grand scale! When the economy is in the crapper and foreign policy is for sh*t, find a way to fool the public even more! Sorry if I don't jump up and down and kiss Repub arse. A change this drastic just reaks of manipulation.
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Can you show me one economist who claims the economy is in the crapper besides you? You are a special one though, you are an economist, a military general, a policy maker and foreign policy expert all at the same time. It must wear on you to be so brilliant.
 
Originally posted by: ntdz
Originally posted by: conjur
Wow! And here I though only Disney could produce magic on such a grand scale! When the economy is in the crapper and foreign policy is for sh*t, find a way to fool the public even more! Sorry if I don't jump up and down and kiss Repub arse. A change this drastic just reaks of manipulation.
Click to expand...

Can you show me one economist who claims the economy is in the crapper besides you? You are a special one though, you are an economist, a military general, a policy maker and foreign policy expert all at the same time. It must wear on you to be so brilliant.
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I can show you many an economist who thinks our current path isn't sustainable if we keep spending beyond our means. I believe Ben Bernanke dubbed it "the calm before the storm."

But no, there aren't too many economists that will tell you our economy is in the crapper. Inflation last year was pretty low so interest rates will stay down which will spur more growth.
 
I was in Burger King the other night and they had a sign up they were hiring...starting wages up to 12/hr.

I dont live in a big city.
 
Originally posted by: Evan Lieb
The economy is one thing even incompetent and corrupt fiscal policy can't destroy.
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Tell that to Argentina, Russia, any country with hyperinflation, etc. An incompetent fiscal policy can kill an economy. If you take on too much debt, there comes a point when people stop accepting it. That can be extremely damaging to countries that have fixed exchange rates. If they don't have fixed exchange rates, you get the possibility of going into hyperinflation.
 
heh...during the Clinton years low wage places had to offer signing bonuses to get people to apply.

Under Bush a Walmart opens with 200 jobs...and 5000 apply!
 
Originally posted by: Ferocious
heh...during the Clinton years low wage places had to offer signing bonuses to get people to apply.

Under Bush a Walmart opens with 200 jobs...and 5000 apply!
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Nice hyperbole. :roll:
 
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