Disgustipated
LAWLZ
- Joined
- Aug 18, 2011
- Posts
- 25,596
Their idea of up is level.
We know that's what Obama wants; he thinks that with redistribution, social justice and fairness he can eliminate the business cycle. He sees no downturn on the horizon, and if there were, it would simply be another crises to take advantage of while placing the blame squarely on the Republican House and the Obstruction in the Senate that prevents his budgets from being enacted.
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Absolutely the biggest prevaricating cry baby in history.
Stocks fall as eurozone fears flare up
A Spanish bond auction draws tepid interest. American companies add more jobs than forecast. JPMorgan may be sued for actions related to Lehman's collapse.
Updated: 04/04/2012 10:04 ET
DOW 13,083.57 -115.98
Shaddup, pasty old fat white dudes.
Private sector 209,000 jobs in March
Private companies continued to add jobs in March, albeit at a slightly slower pace than in February.
Businesses added 209,000 jobs in March, according to a report issued Wednesday by payroll-processing company ADP. Those job gains were slightly lower than forecasts for 217,000, and marked a slowdown from 230,000 private sector jobs added in February.
Strong jobs data throughout the winter has been partially attributed to unseasonably warm weather, which allows some firms -- in construction, for example -- to remain fully operational during colder months. Once that effect fades, economists are bracing for weaker job creation.
But Wednesday's report showed no sign of a sharp slowdown.
"Today's number doesn't show such a weakening," said Joel Prakken, chairman of Macroeconomic Advisers. "It's pretty much in line with the last several months of increases."
The economy needs about 125,000 new jobs each month just to keep the unemployment rate steady. To fully dig out of the jobs hole left by the financial crisis, it needs far more.
Prakken forecasts that it could take another three or four years for the unemployment rate to fall back to a pre-recession level of around 5%.