06
May
11

“the biggest hiring spree in five years”

Time: Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. But the unemployment rate rose to 9% in part because some people resumed looking for work.

…..the economy added 244,000 jobs last month. Private employers shrugged off high gas prices and created 268,000 jobs – the most since February 2006.

The gains were widespread. Retailers, factories, financial companies, education and health care and even construction companies all added jobs. Federal, state and local governments cut jobs. The data suggests businesses are confidence in the economy despite weak growth earlier this year. Still, unemployment increased slightly from the 8.8% in March. It was the first increase since November.

****

MSNBC: Pivoting back to jobs… : Five days after Osama bin Laden’s death, we pivot back to the issue that will likely remain the most important one to voters come Nov. 2012: the economy. And here are the latest jobs figures for the month of April: 244,000 jobs were created (well above expectations), while the unemployment rate ticked up from 8.8% to 9.0% (which shouldn’t be surprising now that it appears more are looking for work). This is VERY good news for the Obama administration, on top of Sunday’s bin Laden news. The AP’s dispatch: “Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. But the unemployment rate rose to 9 percent in part because some people resumed looking for work… Private employers shrugged off high gas prices and created 268,000 jobs – the most since February 2006.”

****

Steve Benen: April Shows Surprisingly Strong Job Growth…. ….expectations were low for the new monthly unemployment report. Nearly every estimate suggested the job market was getting worse, and that April would show a decline from previous months, dipping to about 185,000 jobs created.

It comes as something of a relief, then, that this morning’s report didn’t just greatly exceed expectations, it’s arguably the single best month for jobs since the Great Recession began in 2007.

…The unemployment rate ticked higher, from 8.8% to 9%, but as we’ve talked about before, that’s not the most reliable gauge. Indeed, as April’s report helps demonstrate, the unemployment rate can go up when more jobs are created, and go down when fewer jobs are created. It’s just quirky that way.

The number to watch is the total number of jobs created. And in this case, the economy added 244,000 jobs in April. That’s the third highest total since the recession started …. by most measures, this is the fastest job growth Americans have seen in five years … ….this is the third good jobs report in as many months, and offers hope that the employment market is finally getting back on track.

So far in 2011, the economy has added 768,000 jobs – and that just covers four months.

….Just as encouraging, the totals from February and March were both significantly revised upwards ….. here’s the homemade chart I run on the first Friday of every month, showing monthly job losses since the start of the Great Recession. The image makes a distinction – red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration.

Full article here

Steve Benen: Private-Sector Job Market Improves, Reaches Five-Year High…… The private sector added 268,000 jobs, marking the 14th consecutive month of private-sector growth.

….The 268,000 total not only beat expectations, it’s a genuinely good number ….. April’s private-sector numbers were the single best Americans have seen since the Great Recession began in 2007. What’s more, the combined data from February and March shows easily the best three-month stretch in the last five years.

….here is a different homemade chart, showing monthly job losses/gains in the private sector since the start of the Great Recession…


11 Responses to ““the biggest hiring spree in five years””


  1. 1 Me4obama
    May 6, 2011 at 9:27 am

    Morning o family, good news all around. Another great day for us hear the TOD. Chipsticks thanks for all you do.

  2. 2 Andogriff
    May 6, 2011 at 9:33 am

    Yes, thanks so much for this one, Ms. Chips! This is excellent news indeed.

  3. 3 Marlz
    May 6, 2011 at 9:38 am

    I love this. . .”So far in 2011, the economy has added 768,000 jobs — and that just covers four months.”
    In couple months (2011) we can surpass what Mr. Bush did in EIGHT LOOOOONNNNNNGGGGG YEARS!!!!!

    I’m so excited!!! I just cannot hide it!!!

    • 4 Proud of Obama
      May 6, 2011 at 10:01 am

      Me too, Marlz. Our President is a smart, badasssss in every way.

      The rethugs are still reeling at his smarts and skills. Evil, dumb suckers.

      The prez will be in my city of Indianapolis today. I won’t be able to see him but I’m so glad he’s here. The president has been here five times since his election and our lying governor, Mitch Daniels, who has the gall to think he could be president (I always remind people that Daniels was Bush’s first budget director and that he orchestrated the squandering of the Clinton surplus and running up the debt.), has refused to meet him at the airport. But today he’s going to meet him. I cannot stand Daniels. He’s evil, just signed a bill for school vouchers which will benefit the well-to-do. He’s signing the bill to de-fund Planned Parenthood. He sold our toll roads to a Saudi company. He tries to act and sound like he’s a reasonable republican but he’s a wolf in sheep’s clothing.

      Can’t wait to see our president’s remarks in Indy today and photos from KY.

      Have a great Friday, Chipsticks and TOD family.

  4. 5 Fred
    May 6, 2011 at 10:02 am

    good news and congratulations to all of those who have found a job 😀

  5. 6 Betsey
    May 6, 2011 at 10:15 am

    WHAT A WEEK! I don’t ever remember crying through West Wing Week, but I did today. And what an amazing job you did bringing it all to us, Chips. And thanks to the family for bringing all sorts of good links. There’s so much good energy here. This is part of our hovering protectively over our president and his family.

    • 7 GGail
      May 6, 2011 at 12:49 pm

      Me too Betsey! And thanks to Chipsticks we get to smile and cry! I’m so happy to be a part of TOD.

  6. 8 Dorothy Rissman
    May 6, 2011 at 10:28 am

    The jobs issue is foremost in my mind. I hate the thought of it going to 9% because it gives those dirty diapered republiscums something to rant about.

    You are a dream come true Chipstick. Truly.

  7. 9 jaleh
    May 6, 2011 at 10:58 am

    Just as well cancel 2012 elections and save a couple of bucks!

    • 10 V C prezOfan2
      May 6, 2011 at 5:17 pm

      🙂 I second that! The country already has a real president.
      I wonder if we could be allowed to make an economic argument that the money could be better spent, maybe to help with the deficit? Proposal = all potential presidential candidates give 51% of what they’d spend on campaigning to deficit reduction, or to education in their state, and keep the rest. IMO that would be the patriotic thing to do, and it would be good for their mental health – save them from a lot of stress and from lying (about their plans for the country).

  8. 11 anniebella
    May 6, 2011 at 8:10 pm

    jaleh….oh how I wish that would happen.


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