Friday, May 7, 2010

US Gains 290,000 Jobs

Is this another sign that our economy is turning around?

here is the link: http://money.cnn.com/2010/05/07/news/economy/jobs_april/index.htm?cnn=yes&hpt=T3
Posted by at

9 comments:

  1. BryanMay 7, 2010 at 1:45 PM

    Well this seems to be a lifting article. Maybe I will have a better chance of getting a job now. I like that even though the unemployment jumped up it's because those who dropped out of the labor market are coming back in looking for jobs. A little labor confidence is always good. However, many economists are still saying we have a long way to go and that is true. It will be interesting to see if any innovation will spark in the next 5 years. With the Euro depreciating to the dollar and continued job expansion I'm sure we will be able to see some industrial growth as well as favored stock pushes

    ReplyDelete
  2. Noah OesterleMay 7, 2010 at 8:41 PM

    In the overall grand scheme of things, 290,000 is not a whole lot. Until we see consistent job growth, I will still be skeptical. I think Bryan is on to something with innovation. Another boom with something innovative that creates a new market will be extremely beneficial in creating new jobs. Green technology seems to be the way we are going and that could be the new spark.

    ReplyDelete
  3. Chloe ReevesMay 8, 2010 at 8:13 AM

    Alhough 290,000 jobs is not a whole lot considering the losses in 2008 and 2009, at least it is a step in the right direction. I think President was overly optimistic about the trillion-dollar stimulus being able to keep unemployment at 8%. Job creation is a slow process but jobs create job and I hope this will have a snowball effect and we will see more drastic job growth in the coming months.

    ReplyDelete
  4. Ashlee SteudleMay 8, 2010 at 11:12 AM

    I agree that 290,000 is not that many jobs on the grand scheme of things. It will definitely take some more time before employment rates return to pre-recession levels. I am just hoping that employment will pick up in the next 2 years so that when I get out of grad school there will be a position waiting for me.

    ReplyDelete
  5. KelseyMay 8, 2010 at 1:25 PM

    I do not think that we can honestly look at one statistic, and a small one at that and say that our economy is turning around. I think that it is getting better, but I would not come close to saying stable.

    ReplyDelete
  6. Jared AndrzejewskiMay 8, 2010 at 5:04 PM

    Hopefully more and more of these statistics start coming out, and I think that we are very slowly turning around. Once we start gaining jobs in the millions to make up for the losses we had will be a big indicator that we are truly recovering.

    ReplyDelete
  7. tcmtMay 9, 2010 at 3:51 PM

    I think this is a good sign and I suspect these kinds of gains will continue over time. I think we all need to be looking out for certain industries making too much money again in case of bubbles. I doubt we'll ever gain jobs as quickly as we lost them but hopefully that slow growth will be sustainable over time.

    ReplyDelete
  8. JMalyMay 11, 2010 at 7:06 AM

    I think we can all agree that this is a good sign as we've started to see consistent job growth over the past couple of months. Now we just need this to continue and hope that some other meltdown doesn't occur causing all this recent progress to be lost...

    ReplyDelete
  9. k06rl01May 11, 2010 at 1:36 PM

    Like everyone is saying I agree this is a great sign of recovery. Although it is still a small portion of the jobs that were lost throughout the recession, it is nice to see something positive about the economy in the news. Consumer confidence needs to be rebuilt and this is at least showing we are moving in the right direction as a recovering economy.

    ReplyDelete

Subscribe to: Post Comments (Atom)