The Stimulus Is A Failure

[Spinko]

Are these DLs or newbs attracted by Civ 5?

edit: Duh, it's Spink. I'm an idiot...

What is Civ5? didn't eve know we'd got civ3 out yet..

[Drake Tungsten]

From the BLS:

Nonfarm payroll employment increased by 162,000 in March, and the unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today. ...

The economy has lost 2.3 million jobs over the last year, and 8.2 million jobs since the beginning of the current employment recession. ...

This was about at expectations given the level of Census 2010 hiring and some bounce back from the snow storms in February.

http://www.calculatedriskblog.com/2010/04/march-employment-report-162k-jobs-added.html

[Dinner]

If the recovery averages 160,000 new jobs a month from here to October then that's 1.12 million new jobs which means unemployment will still be pretty darn high but a bit lower then now. It's possible that the recovery will pick up steam but I suspect we're going to still have that second wave of foreclosures so I went with a modest number. Do you folks that will be enough of a turn around for voters to start thinking positive or will people simply blame Obama for the current recession which started in Nov 2007? Honestly, I could see it going either way.

[Theben]

Dude, they're blaming him already.

[ricketyclik]

Yeah, politics 101: in a dual-party democracy, the majority of swinging voters have a 5 minute memory and an 80 IQ, so by telling blatant lies you can only gain votes, as the swingers believe them.

[Drake Tungsten]

Nonfarm payrolls increased by 290,000 in April. The economy has lost 1.4 million jobs over the last year, and 7.8 million jobs since the recession started in December 2007.

The unemployment rate increased to 9.9 percent as people returned to the workforce.

http://www.calculatedriskblog.com/2010/05/april-employment-report-290k-jobs-added.html

http://michaelscomments.wordpress.com/2010/05/07/unemployment-at-9-9-its-actually-reasonably-good-news/

Good news!

[Kontiki]

Just to throw it out there:

http://www.theglobeandmail.com/report-on-business/canada-adds-stunning-108700-jobs/article1559881/

Canada adds stunning 108,700 jobs

Globe and Mail Update
Published on Friday, May. 07, 2010 7:06AM EDT

The Canadian economy created a whopping 108,700 jobs last month – more than four times as many as expected – the largest monthly gain on record as the services sector added to payrolls.

The jobless rate fell to 8.1 per cent in April from 8.2 per cent a month earlier, Statistics Canada said Friday. Economists had expected just 25,000 jobs in the month with the rate holding steady.

The move pushed the Canadian dollar higher. The currency, which plunged more than 2 cents on Thursday amid concerns over Europe’s debt crisis, regained more than a cent on Friday. It last traded at 96.12 cents (U.S.). The hot reading makes it more likely the Bank of Canada will start boosting its key lending rate next month.

“This dramatic surge certainly tips the odds back in favour of the bank beginning to hike rates in June, although clearly the global financial backdrop can still weigh back in,” said Douglas Porter, deputy chief economist at BMO Nesbitt Burns.

Canadian employment has now tallied four straight months of gains and recouped 68 per cent of the total jobs lost during the recession, he added.

April’s surge brings total gains since the start of the employment recovery in July to 285,000 people. The six-month trend, which smoothes out monthly volatility, shows employers are adding 39,000 jobs a month, according to Toronto-Dominion Bank.

[Drake Tungsten]

What does that have to do with the American stimulus package? We all already know that Canada's leadership is far more competent than the economic retards south of the border.

[ricketyclik]

What does that have to do with the American stimulus package? We all already know that Canada's leadership is far more competent than the economic retards south of the border.

Or could it be that corporations in Canada weren't allowed to screw investors to such a degree as in the US?

[KrazyHorse]

WTF is that even supposed to mean?

[ricketyclik]

That countries that weren't as badly affected by the GFC in the first place are recovering more quickly.

[Hauldren Collider]

It means he thinks corporations are something other than merely groups of people.

[Hauldren Collider]

That countries that weren't as badly affected by the GFC in the first place are recovering more quickly.

what an insight! I can't imagine why.

[ricketyclik]

It means he thinks corporations are something other than merely groups of people.

I'm referring specifically to the financial houses. And they are something other - all the rights, but none of the responsibilities of an individual. If a group of people behaves illegally the individuals within it can be prosecuted. Boards of Directors seem to have an uncanny knack of avoiding such.

[ricketyclik]

what an insight! I can't imagine why.

Exactly the point of my first post.