| Kasz216 said: If anybody saw that the stock market went down today... this is why. There was expected to be 125,000 jobs created.... total jobs actually created? 18,000.
AND They downwardly revised the jobs by last month by 44,000.
Just awful... |
Things have been in a spiral for close to a decade at this point now, as far as job growth. Since 2001, the job growth hasn't kept up with population growth at all. There aren't any new areas creating jobs either, and America has hollowed out its manufacturing base.
http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/
And now you have what we have had with the current administration which really isn't showing much either. Here is the entire picture:
http://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
If you go with that being accurate, that would be job creation of less than 40,000 a month, which is horrible. Doesn't even match the 150,000 they said were needed to be created.
Here is another article on this:
http://www.businessweek.com/the_thread/economicsunbound/archives/2009/06/a_lost_decade_f.html
As for now, 2/3 of small businesses don't plan on hiring anyone. The largest culprit is economic uncertainty. Businesses won't hire if they aren't sure they will need more manpower:
http://online.wsj.com/article/SB10001424052702303812104576437853543049480.html?mod=WSJ_business_whatsNews
