BBC NEWS | Business | US job creation stalls in March: The Department of Labor said non-farm payrolls grew 110,000 in March, having gone up by 243,000 the month before.
Many economists estimate that about 200,000 jobs need to be created each month simply to keep employment stable, given population growth.
At the same time, US consumers – the engine of the economy – lost some of their bullishness, other data showed.The University of Michigan’s closely-watched measure of consumer confidence dropped to 92.6 in March from 94.1 the previous month.
Industrial activity also cooled slightly, with the Institute for Supply Management’s manufacturing index dropping from 55.3% to 55.2%. Economists had expected it to rise.
Nah, can’t be. Bush keeps telling me the economy is fine and that his tax cuts for the rich need to be made permanent to keep this fantastic expansion on track. Bush even said, “I trust God speaks through me. Without that, I couldn’t do my job”, so you’ve got to trust him more than some pointy-headed academics and economists. You hear that, chronically-unemployed people, working-two-jobs-to-make-ends-meet people, haven’t-had-a-raise-in-years people, facing-downsizing-and-layoffs-people, lost-your-job-when-it-was-transferred-to-Singapore-or-Bangalore people, poor-benefits-28-hour/week-fulltime WalMart people? The economy is just fine…
