U.S. Job Creation Nears Four-Year High

[brooklynite]

Source: Gallup

PRINCETON, NJ -- Gallup's Job Creation Index increased to +20 in April from +18 in March. Net new hiring is now at its best level since July 2008 and is near +26 -- the highest score Gallup has recorded since tracking began in January 2008.

The April Job Creation Index of +20 is based on 36% of workers nationwide saying their employers are hiring workers and expanding the size of their workforce, and 16% saying their employers are letting workers go and reducing the size of their workforce. This is similar to March, when 35% of workers reported workforce expansion at their place of work, while 17% reported workforce reduction.

The current 36% "hiring" figure is the highest since August 2008, and the current 16% "letting go" figure is the lowest since July of that year.

Read more: http://www.gallup.com/poll/154406/Job-Creation-Nears-Four-Year-High.aspx

---

Do you think Mittens ever gets the feeling that his political future is draining away, drop by drop?

[groundloop]

1. You have to wonder what that chart would look like without repub obstructionism.

Despite rebups best efforts to torpedo the economy it's still improving. Makes you wonder what last ditch effort they'll try between now and November.

[goclark]

5. I'm thinking like you are thinking

They want the economy down because they believe that when they are in the White House some magic will occur.


They have a total IQ of -10, GW and Co. put us in the tank and Obama has tried his best to get us out.

[Iliyah]

2. The country would probably have

been pretty much recovered by now or close to it. I could image w/o the insane party of no, Bushies tax cuts gone, reconstruction jobs at a all time high, as well as education, fire, and police with Unions stabled. A lot of Americans living the American dream, the housing market recovering at a higher rate, many jobs and manufacturing companies staying here in the US, the war on women not too much, et al.,

The insane party of no are keeping us down and out all for the sake of their masters the corporation whores.

[coalition_unwilling]

3. Don't mean to rain on the Gallup Good News Parade, but ADP's

survey of private employers released today paints a far more sobering picture. ADP's data suggests private employers added only 119,000 jobs last month.

http://finance.yahoo.com/news/private-survey-shows-us-hiring-123003222.html

[gateley]

7. I'm sorry, but I'll take adding "only" 119,000 jobs last month over losing

700,000 as was happening in the Bush era.

[coalition_unwilling]

8. Oh, me too. It's just that the public sector is cutting

as many jobs monthly as the private sector is adding, thanks to various state and municipal 'austerity' programs. Net-net is that not many jobs aggregate are being added when private sector only adds 119,000. Most macroeconomists who study the subject say private and public sector new jobs need to be 150,000/month just to keep pace with growth in workforce (people graduating high school or college and starting to look for work mainly).

[gateley]

14. I think we'll be in sad shape for a long time to come. :-( nt

[Dawson Leery]

12. ADP's numbers usually do not reflect the official numbers.

[coalition_unwilling]

13. And Gallup's do? - n/t

[klook]

4. Even if Republicans try to spin it as a triumph of Teabaggery

starting with their House majority after the mid-term elections (and of course they will), that dog won't hunt from its roof-top crate.

They took office in January 2011, and the upward trend started two full years before that.

[stockholmer]

6. US Factory Orders Post Biggest Decline Since March 2009

http://www.zerohedge.com/news/us-factory-orders-post-biggest-decline-march-2009

That March factory orders declined 1.5% was not very surprising: the market was expecting a decline of 1.6%. However, this is not good news as the prior February increase of 1.3% was revised lower to 1.1%, netting out as a negative two month change. Where this number was troubling is that this 2.6% swing brought the index to its biggest decline since March 2009 when the pumping of trillions started.



And some other observations from the report:

Shipments, up ten consecutive months, increased $3.3 billion or 0.7 percent to $466.2 billion. This followed a 0.1 percent February increase.

Unfilled orders, up twenty-three of the last twenty-four months, increased $0.5 billion or 0.1 percent to $930.6 billion. This followed a 1.2 percent February increase. The unfilled orders-to-shipments ratio was 6.17, down from 6.24 in February.

Inventories, up twenty-nine of the last thirty months, increased $1.9 billion or 0.3 percent to $618.4 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.3 percent February increase. The inventories-to-shipments ratio was 1.33, unchanged from February.

And so on. This will shortly usher follow through revisions to Q2 GDP forecasts which is nearly half way into the quarter with less than a bang.

snip

[OKNancy]

9. kick this one up

[onehandle]

10. Mittens has a great future modeling Arrow shirts and Haggar pants.

In the 1955 world he seems to have been plucked out of.

[Dawson Leery]

15. Are you suggesting Romneybot advertise for Sears?

Ann would feel faint at such a horrid suggestion.
Brooks Brothers may be more in his financial bracket.

[onehandle]

16. That would suggest that Rmoney has some sense of style. nt

[Dawson Leery]

11. As long as there is a net gain of jobs moving foward,

Mittens has little chance of getting into the Whitehouse.