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| Open Theism Discussion Board > Public Forums > Tearing down walls > unemployment drops | Forum Quick Jump
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honorman
Registered Member
Date Joined Oct 2002
Total Posts : 1137
| Posted 11/7/2003 5:28 AM (GMT -6) |   | | http://story.news.yahoo.com/news?tmpl=story&ncid=&e=4&u=/ap/20031107/ap_on_bi_go_ec_fi/economy | | Back to Top | | |
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honorman
Registered Member
Date Joined Oct 2002
Total Posts : 1137
| Posted 11/7/2003 6:25 PM (GMT -6) | | | http://story.news.yahoo.com/news?tmpl=story&u=/ap/20031108/ap_on_bi_go_ec_fi/economy&cid=668&ncid=716 | | Back to Top | | |
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DLW
Registered Member
Date Joined Apr 2003
Total Posts : 2457
| Posted Yesterday 7:14 AM (GMT -6) | | Taken from the Online Newshour...
Not all of the news was good, however. For the 37th consecutive month, the manufacturing sector continued to suffer, shedding 24,000 additional jobs.
The airline industry also continued to feel losses. The industry has lost more than 20 percent of its jobs, since its employment high in March 2001.
In addition, not all of the job growth reflected permanent positions. New hires included 33,000 temporary jobs, continuing a trend from the last five months.
"In the short run, they are hiring temporary workers," Mayland said. "It is creating a pent-up demand for hiring. I think the rebound is sustainable."
With the presidential election next year, Democrats had thought they could use the lagging jobless figures against President Bush in the race for the White House.
"The most likely scenario is, we'll get enough jobs so it won't be the issue Democrats need to oust the president," the AP quoted Mark Zandi, chief economist at Economy.com, as saying.
The White House responded to the news on Friday, saying that the growth will continue at a "robust pace."
"The labor market has turned the corner," Gregory Mankiw, chairman of the White House Council of Economic Advisers, told Reuters in an interview.
Mankiw also added that he did not see much of a risk for spiking interest rates caused by low inflation.
-- Compiled from wire reports and other media sources
The question of sustainability hedges on whether the part-time jobs will transition into full-time jobs, which in turn hedges on whether the growth-spurt will be sustainable given our rather high outlays into Iraq and Afghanistan and our eventual need to raise federal revenue one way or the other so as to cut down on our deficits.
dlw
Niebuhr thought that sustained moral energy in politics depended on religion's power to mobilize reason along with self-transcending love. The prophetic tradition, meanwhile, gave Jews and Christians some protection against the temptation to identify their social causes with God's will. Lincoln's second inaugural address expressed the prophetic insight, "The almighty has His own purposes." | | Back to Top | | |
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following
Registered Member
Date Joined Feb 2003
Total Posts : 24
| Posted 11/10/2003 10:56 AM (GMT -6) | | and don't forget that 6% nationally is one figure
but what about unemployment figures in our urban
centers? how about in north minneapolis where
its lik 25%? not so good there.
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phil_five
Registered Member
Date Joined Feb 2003
Total Posts : 29
| Posted 11/13/2003 7:16 AM (GMT -6) | | An article on, I think it was, MSN.com said while there were jobs created, they are lower-paying jobs than had previously existed. (I will look for it and hopefully put the URL.)
For instance, the United States has lost manufacturing jobs that pay around $40,000. But the new jobs in this economic "boom" are in retail, paying about $20,000. And when the ever-incresing cost of health care is considered, a lot of families have less money than before.
Phil | | Back to Top | | |
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