Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (92476)	10/8/2010 9:18:21 AM
From: TideGlider	1 Recommendation Read Replies (2) \| Respond to of 224713

Kenneth we are about 100K short in private sector job creation to just break even. With all the Federal money state and local government jobs are evaporating as well. However, you have to include government jobs in in the mix when seeking to hire the unemployed. We are actually 250 thousand jobs short of the amount needed to employ the 150K people who enter the market yearly. Tell me there is a rosy side to that?

To: Kenneth E. Phillipps who wrote (92476)	10/8/2010 9:23:35 AM
From: tonto	Read Replies (1) \| Respond to of 224713

The U.S. lost more jobs than forecast in September, reflecting a decline in government payrolls that shows the damage being done by rising budget deficits. Employers cut staffing by 95,000 workers after a revised 57,000 decrease in August, Labor Department figures in Washington showed today. The median estimate of economists surveyed by Bloomberg News called for a 5,000 drop. The unemployment rate unexpectedly held at 9.6 percent. Private payrolls that exclude government agencies climbed 64,000, less than forecast, underscoring the concern expressed by some Federal Reserve policy makers that the rebound from the worst recession since the 1930s has been too slow and may require easier monetary policy. Economists surveyed by Bloomberg project unemployment will average at least 9 percent through 2011, which may restrain consumer spending, the biggest part of the economy. “The private-sector growth is somewhat heartening but in total you have to expect that state and local and government jobs are going to be a drag for a number of months and perhaps a number of quarters,” Bill Gross, co-chief investment officer at Pacific Investment Management Co. in Newport Beach, California, said in a radio interview on “Bloomberg Surveillance” with Tom Keene. He called the report a “strong signal” for further Fed action. Projections of 83 economists for the unemployment rate ranged from 9.6 percent to 9.8 percent after the 9.6 percent rate reported in August. Estimates for private payrolls ranged from no change to an increase of 110,000.

To: Kenneth E. Phillipps who wrote (92476)	10/8/2010 9:53:16 AM
From: JakeStraw	2 Recommendations Respond to of 224713

The U.S. lost more jobs than forecast in September, reflecting a decline in government payrolls that shows the damage being done by rising fiscal deficits and the uncertainty over the policies coming out of Washington.

To: Kenneth E. Phillipps who wrote (92476)	10/8/2010 10:21:15 AM
From: chartseer	3 Recommendations Respond to of 224713

"More jobs created under Bush than obama." "Our nation’s unemployment rate is hovering near 10% not because of record job losses, as Biden suggests, but because of record job non-creation." "President George W Bush's tax cuts created more jobs than obama's "spend your way to hell" plan. Why Obama’s Stimulus Failed" dcjunkies.com