U.S. Economy Loses 20,000 Jobs In April- ONLY 3 Million on unemployment! gheesh...

[Breeze54]

:eyes:

U.S. Economy Loses 20,000 Jobs In April

http://www.thebostonchannel.com/money/16129806/detail.html

Unemployment Rate Dips To 5 Percent

POSTED: 7:26 am EDT May 2, 2008

WASHINGTON --

Employers cut far fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, a better-than-expected showing that still revealed strains in the nation's crucial labor market.

For the fourth month in a row, the economy lost jobs, the Labor Department reported Friday. But in April the losses totaled 20,000, an improvement from the 81,000 reductions in payrolls logged in March. Job losses for both February and March turned out to be a bit deeper than previously reported.

The latest snapshot of the nationwide employment conditions- - while clearly still weak -- was better than many economists were expected.

On Thursday, the Labor Department reported that jobless claims rose by 35,000 last week to 380,000.
The total number of people receiving benefit checks is now more than 3 million for the first time in four years.

In other signs of economic stress, the Commerce Department reported a 1.1-percent drop in construction spending in March and housing activity slipped by a record 4.6 percent.

The numbers show builders are still cutting back amid the worst housing slump in more than two decades.

Related Links:
EMPLOYMENT

# Get Over: Workplace Anger
# Crying: At Work?
# Relax: At Your Desk
# Body Language: Speaks Volumes
# Info: Jump Start Your Career
# Tips: Career Change Resume
# Performance: Keeping Up?

So, lets see. All is good because only 20K lost jobs BUT 35K more applied for unemployment?! :eyes:

[rfranklin]

1. And even those figures are "cooked"

They haven't been legitimate for years, going back to the Clinton era.

[Breeze54]

2. Oh, I know...they stopped counting in 2001.

If one falls off the roles for a claim, they aren't counted.

[leftofthedial]

5. going back to raygun

[Breeze54]

6. I wouldn't be surprised on that! He lied about AIDS, the homeless,

and many other things that affected the American people in the pocketbook.

[leftofthedial]

7. he's the one who magically removed workers from the unemployed

once their unemployment benefits ended.

under raygun, they also began (or at least aggressively escalated) the practice of statistically predicting a number of new jobs that would be created in the period following a number of layoffs and counting them as though they were actual employment rather than a statistical fabrication.

[Breeze54]

8. I vaguely remember that....

I know it effected me... his presidency effected me and mine on so many levels, it isn't funny. :grr:

[madrchsod]

3. i`m guessing 6-10 million

[Breeze54]

4. I don't know but it has to be more than

3 million. Many aren't counted anymore and how many undocumented don't apply for unemployment? :shrug:

[onethatcares]

9. to believe anything from this maladministration is just

plain WRONG. they've never been right on any figure they've ever thrown out there. That's probably what they do, have Bob in the office throw a dart and whatever number he hits, that's the one they publish. damn morans.

[Breeze54]

10. I think you're right and it's all just a game... to them.

:grr: Playing with other people's lives.

Bush must play darts and horse shoes on that ranch, when he isn't "cutting brush". :eyes:

They are such liars and they learned from the other worst president... raygun. (see posts above)