01
Apr
11

looks a bit like a recovery to me

MSNBC: The U.S. economy posted a second straight month of solid gains in March as the nation’s jobless rate fell to a two-year low of 8.8 percent, marking a decisive shift in the labor market that should help to underpin the economic recovery.

Businesses created 216,000 jobs last month, according to the Labor Department’s latest employment report, after adding 192,000 jobs in February. The past two months mark the fastest two-month pace of job creation since before the recession began. Factories, retailers, education, health care and an array of professional and financial services expanded payrolls.

“All the evidence is pointing to a strengthening labor market,” said Bill Cheney, chief economist at John Hancock Financial Services in Boston.

Private employers, the backbone of the economy, drove nearly all of the March job gains. They added 230,000 jobs last month, on top of 240,000 in February. It was the first time private hiring topped 200,000 in back-to-back months since 2006 — more than a year before the recession started.

The unemployment rate dipped from 8.9 percent in February to 8.8 percent in March. The rate has fallen a full percentage point over the last four months, the sharpest drop since 1983.

More here

Meanwhile:

Wall Street Journal: Dow Gains 6.4%, Posts Best First Quarter in 12 Years in Tumultuous Period …. Overcoming a pair of major shocks in the first quarter, global financial markets recovered amid growing optimism that the recovery from the financial crisis had become self-sustaining.

It wasn’t an easy ride, however. The markets were sent for a loop as political turmoil spread in North Africa and Middle East. That was followed by the devastating earthquake and nuclear crisis in Japan, which sent investors scrambling to reassess their hopeful outlooks for the second time in the span of a month.

While the markets staggered, they recovered and showed they were tough enough to take the one-two punch. They go into the second quarter still having to navigate strong cross-currents, but with sentiment buttressed by the ability to shake off these twin shocks.

The Dow Jones Industrial Average rose 742.22 points, or 6.4% to 12319.73 during its best first quarter in 12 years …. Reflecting investors’ willingness to take on risk, small-company stocks rallied strongly…..

More here

BBC: With this jobs report it does appear the economy has reached a real turning point.

Not just a theoretical one, only of interest to economists either, but one that might actually lead to an improvement in the lives of millions. Because if about 200,000 new jobs are created each month then, slowly, America will get back to work.

Barring the one-off hiring of census workers in 2010, it is four years since more than 150,000 jobs were created in two consecutive months.

The US may finally be pulling away from the worst economic collapse since the Great Depression. But it is only a turning point. There is a long way to go. More than 13 million Americans who want full-time work, haven’t found it yet.

Minutes after the government announced that that the unemployment rate dropped in March to 8.8 percent, a two-year low, House Speaker John Boehner called it “welcome news” but maintained that “Washington needs to do more.”

…House Majority Leader Eric Cantor called the jobless number an “encouraging sign,” but similarly said that “far too many people remain out of work and we need to continue our efforts in Washington to foster pro-growth policies that will help businesses small and large to innovate and expand.”

Neither Boehner nor Cantor mentioned the actual unemployment figure in their statements.

😉

Steve Benen: “….here is a chart showing monthly job losses/gains in the private sector since the start of the Great Recession. The image makes a distinction – red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration.”


62 Responses to “looks a bit like a recovery to me”


  1. 1 collegekay
    April 1, 2011 at 8:43 am

    Yasssss! So, how will the GOP spin this one? The is EXCELLENT news!!

  2. 4 Me4obama
    April 1, 2011 at 8:59 am

    I can see 2012 from my house. Morning O family.

  3. 7 halo
    April 1, 2011 at 9:04 am

    YAHOOOOOOOOOOOOOOO!!! EAT THAT, REPUGS!

  4. 8 halo
    April 1, 2011 at 9:09 am

    HA! i LOVE how huffpo doesn’t have this as their top story. there’s actually no mention of it at all. of course, if it had shot up it would be front page news.

    i guess arianna doesn’t have time since she’s sleeping in her money.

  5. 12 Proud of Obama
    April 1, 2011 at 9:11 am

    Good morning, Chipsticks and TOD peeps! Excellent, excellent news.

    So inept Chuck Todd is asking an economist if there’s any hidden bad news in this report. Of course the economist said no. I’m sick of these turds looking for the negative spin. And they’re using words like “inched” down. Give this President the credit he’s due for turning around this economy, damn it!

  6. 14 Ceb
    April 1, 2011 at 9:11 am

    Great news!

    So glad that more Americans will be working,which in turn will help the overall economy grow which will benefit everyone. Once again PBO’s actions are bearing fruit. Hope everyone will remember this and other ways in which our society has progressed under his leadership when they enter the voting booth.

    It also appears that cooler heads prevail in the budget battle. The MSM will be denied the drama that they were salivating over in their desire to increase their ratings.

    Obama – 2

    Congress-1

    MSM – 0

  7. 15 Me4obama
    April 1, 2011 at 9:19 am

    Cwb if I may correct u or add to your point,

    Obama – 2

    Nancy pelosi and Harry Reid – 2

    Boner – 0

    MSM damn zero.

  8. 17 Blackman
    April 1, 2011 at 9:20 am

    Mo’nin’ TODers annnnd Ms. Chip.

    Numbers are lookin’ mighty fine, here.

    NATO is runnin’ the show, our planes are on the ground, negotiations continue. Check

    Now…let’s see what they are gonna do about that budget. Lookin’ forward as always to what you will have for us today, Ms. Chip. And, yes….Benen is REALLY good and damn near cherubic in appearance. He ROCKS it, though. TODers, he really is a MUST read.
    And, while I got’chew…

    Though probably answered, I missed it. Prithee….what be a Chipstick??????

    • April 1, 2011 at 9:42 am

      😆

      Well, Blackman, I would love to claim that ‘Chipsticks’ was the name of, say, an ancient Greek political philosopher whose works I had studied. But, no. When I was signing up for WordPress I needed a name, and couldn’t think of one. But I was eating these at the time:

      So, I thought, “that’ll do!”

      And I’ve been stuck with Chipsticks ever since 🙂

      • 19 Blackman
        April 1, 2011 at 9:59 am

        Aha!!!!

        THANK you, kind ma’am. I have been wonderin’. “Ancient Greek philosopher” :-). But, I hear ya.

        In these days of the “intertubes” and their handles and such, I came up with mine because I, though wanting to be TERRibly witty and ironical at the same, time could NOT do it. So, I thought….”Well, what am I”? I’m finding that when you turn 60, you wanna make things a bit more simple here and there.

        And, true words, Ladyhawke. I’d like to see some more Dems out there on a REGULAR basis, other than the “STAR of The Show” runnin’ the voodoo down.

        They’re workin’ HARD and more need to know.

      • 20 Temp
        April 1, 2011 at 10:12 am

        that’s hilarious.

      • 21 Andogriff
        April 1, 2011 at 10:15 am

        Love this, Ms Chips! And love love LOVE the above graph! Thanks for sharing…

      • 22 m
        April 1, 2011 at 12:02 pm

        That is SO funny! Good to finally know! Do you mind when we call you “Chips” for short?

      • 23 hopefruit2
        April 1, 2011 at 2:47 pm

        Here’s a lil’ bit of history about Chipsticks. Apparently it’s a favorite snack group of the Irish (founder Joe Murphy). Maybe our President could get them to ship us a complimentary batch when he visits:

        http://en.wikipedia.org/wiki/Tayto

    • 24 EDP4BHO
      April 1, 2011 at 11:03 pm

      Blackman, you and I are in sync. Was just wondering about her name yesterday. Go figure. And Chipsticks, what a novel idea. I have a password I used pretty universally which is the name of something to eat, as I was hungry when I first came up with it, and no one could possibly ever figure it out. Also, it’s about 17 years old, so it’s cemented in my brain.

  9. 25 Ladyhawke
    April 1, 2011 at 9:25 am

    What is puzzling to me is why the Democrats have not made more noise about what the Republican majority in the House has been doing for the last three months. Before the midterms all they talked about was jobs, jobs, jobs.

    Since they have been in power all they have done is try dismantle unions, ensure oil companies continue to get subsidies that they don’t need or deserve, prevent the EPA from protecting our lungs, dismantle unions, disenfranchise voters, backdoor attempt to outlaw abortion, trash Elizabeth Warren and prevent her from doing the important work of setting up the CFPB, defund NPR, on and on. They have done NOTHING about jobs, jobs, jobs.

    The good numbers we are seeing is all because of the hard work of President Obama and his administration. I feel that the Republican Party is the biggest threat to economic stability and progress in this country. But I am just waiting for one of them to try to take credit for the positive numbers. Democrats should be all over this. The Republican (Just Plain Nuts) Party can’t have it both ways. And as far as the feckless, lazy media stenographers are concerned I won’t hold my breath waiting for them to call out the GOP for their juvenile and reckless behavior. There is just no seriousness of purpose with these fools.

    • 26 majii
      April 1, 2011 at 9:40 am

      I noticed that Boehner and Cantor were more subdued in their comments this time around. When the unemployment figures decreased last month, Boehner gave credit to the American people instead of to the president and the democrats. Neither Boehner, nor Cantor or any of the other republicans will tell Americans that while PBO has been focused on creating jobs, all of their legislation has been focused on destroying them I would love to see PBO get before the cameras and talk about the improvement in the unemployment figures and throw in a little bit about what he’s done and how it is intended to create even more jobs. Maybe it’s time for the president to do a few more interviews with local teevee outlets in different parts of the country.

      • 27 Ladyhawke
        April 1, 2011 at 12:18 pm

        I totally agree about the need for President Obama to do more local interviews. It’s the only way to circumvent the traditional media firewall that prevents any good news from getting through. When the American people get to see and hear him unfiltered, they like what they see.

      • 28 V C prezOfan2
        April 1, 2011 at 7:29 pm

        LadyH, I was coming down the thread to question the GOP’s participation in these fine figures when I noticed your comment.

        ‘we need to continue our efforts in Washington to foster pro-growth policies’

        My question was, “What does Cantor mean by ‘we’?” If he’s refering to his party his definition of ‘pro-growth policies’ sure does not coincide with the rest of the world’s. Of course neither does his understanding of a law.

  10. 29 UT Austin Liberal
    April 1, 2011 at 9:36 am

    YES YES YES YES !!!!!!!!!!!!! wooohoooooooooooo. This is such wonderful and incredible news. Today is gonna be a fantastic day!!!!! President Obama and his administration ROCK!!! Hope the TOD family have a fantastic day and S-M-I-L-E.. even when the sun don’t shine 😆

  11. 30 lisa
    April 1, 2011 at 9:43 am

    Ugh. Saw Dusty Rusty’s comments and that Cheese head Eric’s comments. Really? They are such media whores. Even though they’ve had nothing to do with the steady lowering of the unemployment rate and have done everything they possibly could not to help i.e.: culture/social/religious/war against women, they still feel the need to glory hog and add their two cents. They are so disgusting. But YAY for PBO!! 216,000 is great!! we are that much closer to the 250,000 jobs/month needed to have a sustainable and strong recovery. AHHHH. I’m telling you, give me this president anyday, anytime, anywhere. This is fantastic news!!

    • 31 Theo67
      April 1, 2011 at 1:48 pm

      When we get to the 250,000 job growth per month, the number will change to a higher number. I’m just glad that people seem to be finding opportunities, and things are looking up on avoiding the government shutdown.

  12. 32 CTGirl
    April 1, 2011 at 9:56 am

    A wonderful morning for the O-Team — a not so wonderful morning for the NO-Team! This is the way I love to start my weekend! Morning guys!!! Chipsticks, please keep it coming 🙂

  13. 35 Me4obama
    April 1, 2011 at 9:58 am

    Wow, thts a nice confession chipsticks. Am heading to WHOLE FOODS in a few hrs may be I wll look if they have chipsticks and try them out. Yummy….hungry already.

  14. 38 Ceb
    April 1, 2011 at 10:02 am

    Me4obama,

    I like your score card better.

    Chipsticks,

    LOL on how you decided what your blog name would be. This sounds like something my studentsnwould do.

    BTW, anyone

    What does TOD stand for?

    Have a great day guys. The sun is finally coming out today ( I live in Florida which has not lived up to it’s nickname this week; Spring Break has been a wash so far) so I will be heading out to enjoy it. Will check with everyone later in the day.

    • 39 Proud of Obama
      April 1, 2011 at 10:05 am

      Ceb, TOD = The Obama Diary. I believe that governor of yours might be scaring the tourists away. Eeeck the man looks like a serial killer and he’s certainly working hard to kill your state.

  15. 40 Carolyn
    April 1, 2011 at 10:05 am

    That look on Boehner’s face says it all! He’s failing, the Obama adinistration’s work is showing results. The President always takes the long view. These people need to get used to that…..as I’ve heard so any times, it’s chess, not checkers.

    • 41 Proud of Obama
      April 1, 2011 at 10:08 am

      The President said it over and over again during his campaign and when he won: change will not come overnight. He said on election night that we might not get everything done even in one term. Why don’t people listen? It’s so frustrating to see these folks think that he can clean up the eight year mess he inherited in just two years.

      But look at the great strides he’s made for this country. He’s done more than any other president in such a short time. I frustrated especially today because I’m tired of him not getting credit for his hard work.

  16. 42 Ceb
    April 1, 2011 at 10:06 am

    Correction

    “students would do.”

    And you know that others think there is something wrong about people who check their comments for grammar, usage, and sentence structure errors. I love that we do that here.

  17. April 1, 2011 at 12:51 pm

    I had never heard of Chipsticks but they actually look pretty good. Where are they sold? They just may become my favorite snack because of you Chipsticks.

    Thanks for the great news and the sorry picture of Bonehead. He doesn’t seem as tan as he used to be either. 🙂

    • 44 hopefruit2
      April 1, 2011 at 2:41 pm

      That should be our snack of choice while watching the debates (GOP primary, and the Presidential)… I will check to see which retail/wholesale outlets carry them!

    • 45 Sue in Minnesota
      April 1, 2011 at 5:58 pm

      I refer to Boehner’s coloring as “Muppet Orange”. It’s a hue commonly associated with some of the critters living on Seasame St. Puppet Boehner?

  18. 46 anniebella
    April 1, 2011 at 2:39 pm

    I just love that picture of Weeper Boehner. I think he’s beginning to see that the tea party is a royal pain in the butt, and when you make a pack with the devil you better be prepared to pay up, and Boehner and the Republicans haven’t seen anything yet from those tea party folks. Good luck Johnny boy. Oh and I don’t want to hear a word about what they have done to help these jobs numbers, or how the Bush tax cuts have help. B.S. Boehner and his pals are lying. We are beginning to see the rewards of President Obama hard work starting to pay off. Let’ keep praying for our President.

  19. 47 Sue in Minnesota
    April 1, 2011 at 5:51 pm

    Every Monday I fire off an e-mail to Speaker Boehner, basically I say the same three things…Where are the Jobs? Stop the “birther” bullshit, and live up to your responsibilities Mr. Speaker, politics need to be relegated to the back burner, America is waiting.

    I hope others will do the same.

  20. 48 anniebella
    April 1, 2011 at 7:30 pm

    Sue in Minnesota…..Thank you, I think I will do too. Let me change the subject for a minute, I heard that lying Mike Huckabee will be on the View next week. So I email the View today and told Barbara Walters to make sure she doesn’t allow Huckabee to be sitting on her show lying about President Obama being born in Kenya. I reminded her of her lying friend Trump being on the View lying about President and that birther b.s.

    • 49 Sue in Minnesota
      April 1, 2011 at 8:45 pm

      Anniebella I send an e-mail to the View as well. This evening in fact. Appreciate the tip.

    • 50 Sue in Minnesota
      April 2, 2011 at 2:03 am

      Anniebella, I sent The View a rather lengthy e-mail, it took me forever to write, and actually by the end I was very teary eyed
      …the whole birther issue, religious accusations, and dishonest innuendos that Huckabee has engaged is an ugliness I find very difficult not to internalize. Anyway….thanks for the tip, I turned off the View after Barbara was so disrespectful to our President and FLOTUS, and such a boot licker for Palin (an enormously deficient human being) My hope is that it is read, and it resonates enough that they don’t give Huckabee the same opportunity to spread his filth that they gave Trump.

  21. 51 anniebella
    April 1, 2011 at 7:33 pm

    Sue in Minnesota…. Thank you. I think I will do that too.

  22. 52 V C prezOfan2
    April 1, 2011 at 7:35 pm

    Chipsticks, you know they say a little knowledge can be a dangerous thing? You’ve now shattered my illusions. 😦 Actually, maybe I should blame Blackman for his persistent search of knowledge. Or, maybe I’ll just privately stick with the ‘ancient Greek political philosopher’ definition because I like it. 😀

  23. 55 LunarSea
    April 1, 2011 at 8:34 pm

    This is great news indeed. What I don’t understand about our messaging is how Bonehead (the Weeper of the House) and Can’t-or can get away with saying ‘this is good but Washington needs to do more’. THEY ARE WASHINGTON! This is the moment to shout that from the rooftops while highlighting how they have done nothing but pass bills to cut jobs the whole time they’ve been in charge.

    Please everyone needs to twitter, email, comment on their local news stations and on comment boards and news sites. And here’s the visual to go with it; http://twitpic.com/4fg106

    Shows how completely they have hoodwinked the masses to get away with such blatant crap. Oh well, one day I’ll really say how I feel. lol

    Peace out

    • 56 Sue in Minnesota
      April 1, 2011 at 9:04 pm

      Thanks…will spread it around. Great bullet points.

      My brother just pulled PL talking points out of his a##. Damn, our family dynamics make this conversation a walk away……I am disappointed, I thought he was a more critical thinker. He seems to have swallowed the gloom and doom and is making an argument that doesn’t account for reality. Shoot, I thought he was a lot sharper, but what I am hearing sounds alot like the 10% on the far left.

      Hope he fully understands the meaning of “my evil eye” look, I am not going there with him.

      • 57 LunarSea
        April 1, 2011 at 9:27 pm

        Yes ‘they’ have applied with great skill the Sharon Tates effect of brainwashing. Maybe just give him this link to the congressional records of the 112th congress. He can see for himself what bills are being presented and pushed forward using his own critical thinking skills (without the msm spin). Kinda like a comprehension test.

        http://thomas.loc.gov/home/LegislativeData.php?n=Browse

        Perhaps nicely suggest he spend some time there, not just a curious glance, and get back to you later with his thoughts on what the Republicans are doing to help create jobs, keep government out of our most intimate decisions, win the future or advance our standing in the world.

        Be judgment free and ask with respect and hope he sees the light.

        And if that doesn’t work, a few weeks in a dark closet with ‘The Age of Aquarius’ playing non-stop in the background and a Tickle Me Elmo with fresh batteries would be my next suggestion!

        • 58 V C prezOfan2
          April 1, 2011 at 9:33 pm

          ‘And if that doesn’t work,…” 😆

        • 59 Sue in Minnesota
          April 1, 2011 at 11:12 pm

          I’ll let this go until I get a better vibe from him. I think he is both emotionally a bit down, and over saturated with MSM political memes. Garbage in, garbage out! I also know that compromise is hard for him to measure….he is of the opinion, at this moment, that the Democrats never get anything and the Republicans get everything. I tried to suggest otherwise, but recognized his position is not retractable…at least not tonight. We hardly ever argue…I can think of three times in the last 6 years, but the silence in the aftermath is protracted and deafening, as we, in our opposing corners tend to our bruised egos and emotional hurts. I don’t want to end up there, not over Michelle Bachmann, and the Tea Party movement.

          I do appreciate your thoughful and valuable suggestions, and will make use of them.

          • 60 LunarSea
            April 2, 2011 at 10:12 am

            I am so very sad to hear the divide is so wide and so deep.

            I blame Palin the Quitter, Rush Limpheart and the Emperor of Glenbeckistan for these divisions. They have done their best to take us back to the divisions of the civil war. Time will tell where it will end. But my hope is that your family, and other families experiencing these great divisions, will survive intact.

            As family means everything to me, it just makes me so very sad that you are experiencing this.

    • 61 Sue in Minnesota
      April 1, 2011 at 9:47 pm

      Just shot these points off to my Republican GRHHHHHHH Representative. I was very diplomatic, despite urges to be otherwise. I told him it would be very reassuring, not to mention productive if Republicans would work through compromise to come to the middle. I said Americans were waiting for solutions, found the politics both a distraction, a source of misinformation and a dereliction of their responsibilities to all Americans, the very people that elected them to serve. I’ll keep writing…..it helps to ebb my frustration, just wish I it would have more of an impact.


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