06-05-2005 19:40									#1
	Let the good times roll -- 310,000 New Jobs Enter the AD-FREE zone

274,000 new jobs were added last month and the March figure was adjusted upwards by 36,000. So that means 310,000 new jobs in the US were announced today.

Rock on!

quote: US economy generates 274,000 new jobs By Christopher Swann in Washington Published: May 6 2005 13:58 | Last updated: May 6 2005 13:58 US economyThe US economy generated 274,000 jobs in April, more than double the increase expected by analysts. The unemployment rate remained at 5.2 per cent. The improved employment picture may help to lift sentiment over the US economy which has been battered in recent weeks by a string of weak releases. Economists have been particularly worried by stagnating wages - which may make it hard for US consumers to sustain high levels of spending growth. However, if the employment situation continues to improve at the pace set in April, rates of wage increase would be likely to rise. The labour force participation rate was also up, at 66 per cent in April from 65.8 per cent in March. The Bureau of Labor Statistics said job growth was widespread, with gains in construction, mining, and several service-providing industries. This followed gains of 300,000 in February and a revised146,000 in March. Within the goods-producing sector, construction employment rose by 47,000 in April. Heavy and civil engineering construction also added 8,000 jobs over the month. Since its most recent low in March 2003, construction industry employment has grown by 551,000. In April, employment in mining increased by 8,000. The industry has added 31,000 jobs over the past 6 months; support activities for oil and gas operations has accounted for most of this increase. Employment in manufacturing was little changed in April at 14.3.

	06-05-2005 19:44									#2
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I'll be working a new job soon God willing. 'New' meaning it never existed before.

	06-05-2005 19:49									#3
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Good show and good luck. And let me be the first to say...

It's all Bush's fault!

	06-05-2005 19:51									#4
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The real key is that we have been averaging over 150,000 per month (the estimated rate of growth of the working age population) for a while now.

	06-05-2005 19:58									#5
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Another thing that I like is that these are not government jobs, but rather private sector jobs. Likely, next month we finally will turn into expansion in the private sector.

	06-05-2005 20:00									#6
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Where's mine!

	06-05-2005 20:03									#7
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Construction jobs are up at the same time new housing starts are down?

	06-05-2005 20:07									#8
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quote: Originally posted by chegitz guevara Construction jobs are up at the same time new housing starts are down?

Naturalization of illegal immigrants is on the rise

	06-05-2005 21:11									#9
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DanS reminds me of the public address announcer in Nineteen-Eighty-Four.

"Citizens! The battle for production has been won!!!..."

	06-05-2005 21:53									#10
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quote: Originally posted by chegitz guevara Construction jobs are up at the same time new housing starts are down?

Yeah, construction hiring is bound to be considerably lower going forward. Graduation is in May though so that should give a boost.

	06-05-2005 22:05									#11
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There was some good pressure on wages, but that could be a bad thing right now with the threat of inflation.

quote: The seasonally adjusted average weekly wage rose $4.88, or 0.9 percent, to $542.40 -- the biggest percentage rise since August of 1997. The average hourly wage rose far more modest 5 cents, or 0.3 percent, to $16, similar to the gain posted in March.

cnn

	06-05-2005 22:35									#12
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quote: Originally posted by Agathon DanS reminds me of the public address announcer in Nineteen-Eighty-Four. "Citizens! The battle for production has been won!!!..."

I'm more of an economic cheerleader than an announcer.

	06-05-2005 22:50									#13
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More like a cheerleader with no panties on.

	06-05-2005 23:16									#14
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and sexy cheerleading is illegal. throw him in jail.

	06-05-2005 23:26									#15
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Only in Texas.

	06-05-2005 23:42									#16
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quote: Originally posted by chegitz guevara Where's mine!

I'll mail you my "Teach Yourself Routing in 24 Hours" book. THat should get you started. Then get a Cisco cert. You'll have a job pretty quick after that. Then, you can mail me back my book. In fact, you might even be able to buy yourself a steak.

	07-05-2005 07:39									#17
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Now that job growth has averaged 211,000 per month for the year to date, the usual suspects have made themselves scarce.

	07-05-2005 08:13									#18
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We are awaiting both the immenent collapses of GM and Fannie Mae/Freddie Mac.

And I'll leave you with this quote:
"Some well-meaning critics believe that Wal-Mart, because of our size, should play the role that General Motors played after World War II, and that is to establish the post-world war middle-class that the country is so proud of. The facts are that retailing doesn't perform that role in the economy as GM does or did. Retailing doesn't perform that role in any country in the world."

--H. Lee Scott, Jr., Chief Executive, Wal-Mart, May 3, 2005

	07-05-2005 08:47									#19
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quote: Originally posted by Kidicious More like a cheerleader with no panties on.

Miami Heat Dancers

	07-05-2005 09:02									#20
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Looks like there's something wrong with her right hip. It sticks too far into her belly... Airbrush snafu or is she deformed?

	07-05-2005 10:28									#21
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affirmative action

	07-05-2005 11:08									#22
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It'd sure be nice to get a wage boost of more than the inflation rate.

I've made the case for it — more earnings means more to save, more to "contribute" to the economy and, in the long run, it lessens the likelihood of having to rely on much on Social Security (or whatever it's morphed into by then) and other government programs such as Medicaid/Medicare and the drug benefit.

Win-win all around, I say.

Gatekeeper

	07-05-2005 14:04									#23
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quote: Originally posted by Lancer Looks like there's something wrong with her right hip. It sticks too far into her belly... Airbrush snafu or is she deformed?

She rolled her skirt down to show off her lower abs.