Author Topic: 262,000 new jobs in February (Read 865 times)

indy007 · « **on:** March 04, 2005, 08:11:52 AM »

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WASHINGTON - America’s employers added a sizable 262,000 jobs in February — the most in four months. The new hiring, however, wasn’t sufficiently brisk to accommodate a wave of job seekers, and the overall unemployment rate rose to 5.4 percent.
The latest snapshot of the country’s employment climate, released by the Labor Department on Friday, showed job gains across a range of industries — from manufacturing and construction to retail and business services.

The gain of 262,000 jobs in February was stronger than the increase of 225,000 positions that economists were forecasting before the release of the employment report. Payroll growth in February was up from January’s sluggish gain of 132,000, which was less than the 146,000 increase initially reported.

The rise in the overall civilian unemployment rate to 5.4 percent in February was up from 5.2 percent in January. The increase last month came in part as more jobseekers streamed back into the market.

The unemployment rate is calculated from a separate statistical survey than the payroll figures. Thus, they can offer somewhat different pictures of what is happening in the labor market.

Economists believe the economy in the January-to-March quarter is growing at a rate of around 4 percent, which would be a sufficient pace to spur solid job creation.

President Bush — who was plagued with questions about the health of the job market throughout his first term in office — wants to see the job market and the economy on a firmer footing. He especially needs that as he tries to sell the American public and Congress on his overhaul of Social Security and of the nation’s tax code.

gofaster · « **Reply #1 on:** March 04, 2005, 08:15:13 AM »

Yes, and all of the ones that I'm being offered pay 60% of what I was making 6 months ago.

AKS\/\/ulfe · « **Reply #2 on:** March 04, 2005, 08:17:07 AM »

Yeah, I got a new job last July.

I don't make **** though.
-SW

oboe · « **Reply #3 on:** March 04, 2005, 08:57:38 AM »

Lower wages, fewer jobs qualifying for overtime pay, much more expensive healthcare, and now your guaranteed retirement benefits are being threatened.

Oh, and I read to today crude oil at $80/bbl is possible.

Pretty tough row to hoe for the American worker these days.

indy007 · « **Reply #4 on:** March 04, 2005, 09:09:35 AM »

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Originally posted by oboe
Lower wages, fewer jobs qualifying for overtime pay, much more expensive healthcare, and now your guaranteed retirement benefits are being threatened.

Oh, and I read to today crude oil at $80/bbl is possible.

Pretty tough row to hoe for the American worker these days.

Probably will continue to be tough until standards of living in other parts of the world achieve our levels and it no longer pays to outsource... or maybe we achieve something drastic like a switch to hydrogen cars.

Lye-El · « **Reply #5 on:** March 04, 2005, 12:16:24 PM »

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Originally posted by indy007
Probably will continue to be tough until standards of living in other parts of the world achieve our levels.

Or, more likely, ours deteroriates to their levels.

Martlet · « **Reply #6 on:** March 04, 2005, 12:23:46 PM »

I make 3 times what I did 3 years ago

oboe · « **Reply #7 on:** March 04, 2005, 01:51:32 PM »

What line are you in, Martlet? Bankruptcy law or pharmaceutical sales?

Eagler · « **Reply #8 on:** March 04, 2005, 01:58:24 PM »

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Originally posted by oboe
What line are you in, Martlet? Bankruptcy law or pharmaceutical sales?

kleenex
for all you cry babies

10,948.53

Lye-El · « **Reply #9 on:** March 04, 2005, 02:22:57 PM »

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Originally posted by Eagler
kleenex
for all you cry babies

10,948.53

Don't worry, the market will go down again. Just like it did in 2000. Did ya hear oil might hit 80 dollars a barrel? Might want to keep the Kleenex handy.

oboe · « **Reply #10 on:** March 04, 2005, 02:23:19 PM »

It was a serious question, and I made a couple of reasonable guesses. I assume his professional is legal, btw.

Another reasonable guess is that he is two years out of college.

Urchin · « **Reply #11 on:** March 04, 2005, 02:30:52 PM »

Jesus, all you ******* going on like you deserve enough money to live on.

Why don't you move to YUROP, you ****ING COMMUNISTS!!!????!?!?!?!?!?!

oboe · « **Reply #12 on:** March 04, 2005, 02:36:02 PM »

If I can figure out what Martlet does for a living, I can start a company in that same field, and then if its possible, move all the positions offshore and save 90% on my labor costs. There must be a good demand if he was able to triple his income in the last 3 years.

Oh, wait a minute...I think I just figured out he is a CEO of a company being bought out by a competitor.

Lye-El · « **Reply #13 on:** March 04, 2005, 03:15:33 PM »

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Originally posted by Urchin
Jesus, all you ******* going on like you deserve enough money to live on.

Why don't you move to YUROP, you ****ING COMMUNISTS!!!????!?!?!?!?!?!

Might not be a bad idea, I hear medical is free.

End of the month I go on unemployment. Company I worked for for the last 20 years is closing.

But I must say, that as a Japanese company they are treating us a lot better than most of the American companies that are closing around here are treating their American workers.

Or the foriegn ones, such as Electrolux.

LePaul · « **Reply #14 on:** March 04, 2005, 05:04:39 PM »

Oh quit yer whinning, your future is what you make of it.

I know folks who dont make $50k a year but love what they do. I know folks who make $100k a year and still want more.

Have at.