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Fewer jobs added; jobless rate climbs »
Posted by: jeremytoday 2 years, 10 months agoThe nation's unemployment rate climbed to a four-month high of 4.6 percent as somewhat cautious employers added fewer new jobs to their payrolls in January. Wage gains were even more modest.
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Comments: 8
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Natfan
Feb. 2, 2007, 2:28 p.m.Great! I need some cheap workers to do some pre-spring cleaning. Any takers?
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NelsonR
Feb. 2, 2007, 6:24 p.m.No but Im gloating. The ultra conseratives refuse to face reality and say were living in Alice's wonderland economy, while they wallow in their spoils of an upside down economy.
Housing bust, outsourcing, trade imbalance, deficit spending, ATM and credit card expenditures, lack of savings like never before and on and on. The refuse to accept or acknowledge a disparity growing between the rich and poor so when I see these sutle signs being brought forth, I wonder what has become of their rantings.
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MoreOn
Feb. 2, 2007, 7:36 p.m.hey everybody. no need to be upset. I just read a story that there are a million more jobs than they thought. this is happy news. good stuff. the government mad a mistake and now there are a million extra workers in the US.
the government made a mistake and did not count right.
here. its this story that trojonhorse posted.
About 1 million more U.S. workers to appear in federal count
check it out
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THOMNH62
Feb. 2, 2007, 10:06 p.m.doom, gloom, thats what it is all about. There are about 3% of people who do not want to work, 140000 new jobs, the dow and nasdaq are at a record high, your home is worth more now that ever, everyones 401k's snd IRA's are screaming, the dirty little secret is the Bush economy is the best since the dot coms. I don't think he had anything to do with it, I think he is a bumbling idiot, but I would like a bit more positive reality based news please, just something, I begging, throw us a bone, Libscape
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evelyna
Feb. 2, 2007, 10:11 p.m.Notice how many bookkeepers and accountants are being hired.
My sister had a 2 year agree in accounting and was too lazy to look for a job in the field for 10 years. Someone actually scooped her up out of the blue.
Why so many number crunchers? So they can spin numerical facts. I always thought math was somewhat an art. The art form is full blown under this administration. And before you say the Clinton economy was hype- all investments are speculation any way.
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schmirt
Feb. 2, 2007, 10:47 p.m.Evelyna,
You do know that government has enacted laws that have required companies to be more accountable financially to the public(ie Oxley-Sarbanes bill). This has required more accountants and bookkeepers.
As to the economy.
The gains made in the last five years have been positive yet modest. However, if you consider a country that has survived a year 2000 recession, a tech bubble burst(this cost hundreds of billion), a major attack(hundreds of billions), and the largest natural disaster in (American) history....this economy has been remarkable.
It would be ridiculous to give all the credit to Bush. Presidents have only a marginal long term influence on the economy.
Of course, if we had a Democrat president, the good news would be trumpeted to every corner of the earth and the long list of caveats(which you can find in any economy) would be an unreadable footnote.
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evelyna
Feb. 2, 2007, 11:24 p.m.I do not see that the economy is so good. People are working longer and harder and making less. No one seems to have a lot of money like they used to.
All of the extra productivity is only benefitting the people who have control in the business arena.
What I am seeing is you cannot make it as a worker you must own your own business.
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spikecwc
Feb. 3, 2007, 7:31 a.m.Jimmy Carter would have been more than happy if the unemployment rate had been this low during his administration.
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