Sunday, May 08, 2011

The April Jobs report and a President that isn't 'highlighting' all his accomplishments.

We've been getting a mixed set to values for a couple of months now.  There are reasons for that.

A payroll boost of 244,000 jobs in April — thanks to the biggest private-sector gain in five years — sparked economic enthusiasm Friday, balanced by expectations that unemployment will continue to rise....

That means there is a healthy private sector coming back.  Why?  Because the American Reinvestment and Recovery Act, passed on February 13, 2009 (click here) has finally been distributed to the 'jobs market' and not simply sitting on shelves waiting for State's attention and treasury accounting.

There is more confidence by the private sector that for awhile and for as long as it lasts, there is reason to hire and expand their products and services.

...At the same time, though, the bureau’s companion household survey measured an uptick in the unemployment rate to 9 percent in April from 8.8 percent in March....

That means the economy, under a paradigm shift starting in late 2008 and early 2007, is still shrinking.  The State, County and Local governments are still experience belt tightening and there is a drop in jobs.  Those might be private sector jobs as some of the States are serviced by the private sector.  So, there is a drop in private and public jobs, but, dominated by the contraction of the public sector spending.

...The national economy grew at a slow 1.8 percent pace in the first three months this year, a comedown from the 3.1 percent pace in the fourth quarter last year.

The labor department’s report said average hourly earnings for employees on private, nonfarm payrolls rose 3 cents in April, to $22.95. Meanwhile, the average workweek for all employees was unchanged....

What plays into rising incomes is also the value of the USA dollar.  One has to remember, the USA under the Republicans, is an 'import' economy and NOT an export economy, so we are susceptible to rising prices as the value of the dollar is 'toyed with' by The Fed.

It is imperative the USA return to a manufacturing economy whereby 'American Conscience' products, especially in the area of automobiles and energy, are manufactured in the USA with strong export opportunities.  It will bring more stability in the USA dollar and a balance to a global economy.