Why March-April's Job Gains Will Collapse This Summer

http://www.truthout.org/why-march-aprils-job-gains-will-collapse-summer/1305911757

Every spring for the last three years, the business press and government policy makers declare with great fanfare that the job market in the US has finally turned the corner; sustained recovery in job creation has begun. But every summer following their pronouncements, the opposite occurs: employment and job creation retrenches from the spring and declines.

In recent months, the US Labor Department has reported that jobs for March and April 2011 grew by more than 200,000 each month. Apart from the fact that 130,000 new workers enter the labor force each month, and, therefore, the "net" gain is really only 70,000 (and a third to half of gains represent part time and temp workers), the 200,000 jobs represent an apparent relative improvement over the dismal job creation picture since last June 2010. But appearances are deceptive, and sometimes even false.

How real is the job growth in recent months? And will it continue for the remainder of 2011? Our answer to the first query is "not very" and to the second, "not likely." Here's why.

If the past three years, 2008-2010, are any indicator, employment gains that occur in the spring are not a true, reliable indicator of actual job creation. And the gains of this spring will once again likely disappear in the coming summer-fall of 2011.

More at the link --

in the forseeable future.

We have utterly failed to do anything remotely effective to create jobs.

We really should be embarrassed that we have not made significant funding available to new micro and small business start-ups. A lot of those unemployed folks would work if they had the resources to do so. But starting something as simple as a lawncare business requires some startup capital to buy equipment.

But we certainly had money to give to the banksters and to the big corporations. Some dumbshit in Washington expected that $$$ to trickle down to benefit the unemployed. More voodoo economics.

Until that happens, our economy will continue to be in the shitter.

Hi Donna,

You seem to be interested in the republican view of the economy. The ECRI is usually pretty good at predicting business cycles, and this their spokesman was recently interviewed here:

http://www.businesscycle.com/news/press/2171/

His exact words were

A turning point ahead - a peak in global industrial growth. Unambiguously a downturn in the growth rate of industrial activity by this summer globally. No one will be left untouched by this. The US will participate, China will participate, Germany will participate
The US future inflation gauge also fell.

This is to say that the second derivitave will be negative relitive to outsized gains. After the stellar rebound after the massive failure due to the deregulation and fiscal mismanagement of the bush administration; growth will be slower? Suprise? I don't think so.

domestic spending cuts.

Obama must fail - he must! he must!

unreccing

:thumbsdown:

yup

Time to punch up the resume,
dust off the Master's Degree,
and head down to the Golden Arches.


http://www.youtube.com/watch?v=Rkgx1C_S6ls&feature=player_embedded