All eyes are on Friday’s employment report, with the focus apparently on whether the Obama administration can reach 200,000 a month in April. Our question is why? Why has creating 200,000 jobs become the litmus test of a successful jobs report?
Given the deep jobs deficit in which our economy finds itself, we need a lot more jobs than that. In the first 24 months of the average postwar recovery from recession, the economy created 147,000 payroll jobs on average.
There’s apparently one group of illegals the Obama administration doesn’t like (Fox News) Airfare from the U.S. to China and a months-long stay in an Orange County, Calif., apartment: $80,000. Read Post
The Royal Bank of Scotland may cut as many as 14 000 jobs as part of a plan to focus on the UK consumer market. ||| San Francisco - Royal Bank of Scotland Group PLC may cut as many as 14 000 investment-banking jobs, or more than two... Read Post
On Wednesday, the latest private payrolls report from ADP showed employers added 212,000 jobs in February. But ahead of Friday's big jobs report, this report might not be telling us much of anything. Ian Shepherdson, economist at Pa... Read Post