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

To: TideGlider who wrote (131765)	5/4/2012 10:19:00 AM
From: Hope Praytochange	1 Recommendation Respond to of 224756

WASHINGTON (MarketWatch) -- Economists said Friday's report showing weaker-than-expected job growth in April was a big disappointment for the U.S. economy, but that it didn't give the Federal Reserve any reason to move. * "The 115,000 gain in nonfarm payrolls in April is another disappointment and heightens concerns that economic momentum is slowing. Coupled with the March slowdown in employment, April's lackluster performance signals that overall GDP growth may recede to slightly below 2% in Q2." -- Kathy Bostjancic, director of macroeconomic analysis, The Conference Board. * "The pattern appears to be an economy settling in to 2%-2.5% -- neither accelerating nor decelerating but growth a bit below the potential rate. No information to move the Fed or investor expectations for growth, inflation and interest rates -- staying with our forecast." -- John Silvia, chief economist, Wells Fargo. * "If there was one consistent message in today's report it was weak growth. Both nonfarm payrolls and the household survey's measure of employment point to a loss of momentum. Indeed, incorporating data from the employment report, the first estimate of our Current Activity Indicator for April is 1.8%, down from 2.5% in March." -- Jan Hatzius, chief U.S. economist at Goldman Sachs. * "Overall, soft but most unlikely to prompt further Fed action, given the depth of the opposition within the FOMC. It would take at least another couple of months of reports like this, or worse, to trigger QE3. Won't be necessary." -- Ian Shepherdson, chief U.S. economist, High Frequency Economics. * "April's employment growth of only 115,000 jobs, along with a decline in labor force participation, is sobering news for workers and the economy. The economy needs a boost, with more investment to create jobs and higher wages for workers to stimulate greater demand." -- Christine Owens, executive director of the National Employment Law Project. * "President Obama has wasted time trying to distract the American people with gimmicks like the Buffett tax hike and fake fights over noncontroversial issues. Election-year gimmicks might win the president some votes but they won't create American jobs." -- House Speaker John Boehner, Republican of Ohio. * "Job growth is not as strong as it can be because job creators are simply not as confident in this economy or its future as they should be. By any historical standard, our recovery should be booming and new jobs should be flourishing by now. Instead, because of the president's failed policies, job growth is not even keeping pace with population growth as we remain stuck in the longest period of 8%-plus unemployment since the Great Depression." -- House Republican Conference Chairman Jeb Hensarling, Republican of Texas.