SouthernGanja
Active Member
You partisan types are cute when you post.
Not that simple, buddy. http://personalmoneystore.com/moneyblog/2010/09/03/private-sector-job-growth-unemployment-rate/Nope, there is always an unemployment number every month, which means people are being laid off, not hired. Not a single month in all of the last year has had Positive employment. You think those numbers they tell you stay the same? They readjust them and never tell you about it every month.
So there HAS been job growth, just as I said - although the unemployment rate continues to rise because...private sector hiring increased for the eighth straight month.
So it seems that the economy is growing and that jobs are being created... But not fast enough right? Maybe not:The Christian Science Monitor reports that if the public and private sectors created 100,000 jobs per month, the unemployment rate will not go down. Population growth continuously adds to the labor force, and workers who had given up reconsider and re-enter the labor force.
So, contrary to Conservative cries that the economy is not creating jobs (while using the unemployment rate as the measuring stick) the economy is actually recovering faster than it has during past recessions - which if you ask me is significant especially when you start thinking about just how big of a recession this has been (apparently it's "officially" over, yay?).The U.S. unemployment rate has been a persistent and vexing problem. However, CNNMoney reports that by historical standards, the labor market is recovering faster than it has during past recessions. But because so many jobs were lost, higher growth than normal is required replace them. In 2008-09, 8.4 million jobs were lost–about 7 percent of all jobs. Only 3.1 percent of all jobs were lost during the 2001 recession and the jobless recovery that followed. During the 1990-91 recession, only 1.9 percent of all jobs were lost. Sustained job growth returned six months after the current recession was declared over in June 2009. The turnaround took 12 months to begin after the 1990-91 recession. After the 2001 recession, job growth took 22 months to resume.