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....
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.
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.