09 March 2012

U.S. payroll changes


From the Wall Streeet Journal, a chart that is much in the news today.  Posted for future reference.

7 comments:

  1. From the Wall Street Journal
    see: http://www.ritholtz.com/blog/2012/03/friday-am-reads-12/

    The Journal requires subscription but the link above leads to the article:
    http://online.wsj.com/article/SB10001424052970204781804577271123041630892.html

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    Replies
    1. Source credit added to the post. Thank you, Dave.

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  2. Obama's been smart to show he took office at the lowest point and since then things have been getting significantly better. He has run ads based on this chart, which I think should be very persuasive.

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  3. I wonder how many of those jobs are non-government jobs? I don't see private sector jobs improving.

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    1. "Since Obama's first month on the job, total government has lost 600,000 jobs. (He's a pretty bad socialist, apparently.) The goods-producing sector, which includes manufacturing and construction, is still down 1.6 million jobs -- as many jobs as we added all of last year! All the growth has been in services, where we've added 1.3 million new positions. "

      http://www.theatlantic.com/business/archive/2012/03/this-is-a-recovery-worth-getting-excited-about/254250/

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  4. @Anon5:10: I don't think the average unemployed American or most other nationalities, care where the jobs come from, as long as there are jobs.

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  5. Does that "increase in payrolls" account for the increase of oil prices and the decrease in the value of the dollar?

    Let's see, if you earned $4,000 a month in 2008 you'd have to earn 4,201 to break even. Who's been getting a raise over 5% a year these past few years?

    (based on calculations from here http://www.usinflationcalculator.com/page/2/)

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