Oh my god. Please do not get your hopes up for this, guys. The last thing Obama needs right now is over-inflated hopes on one number which is a rough, rough, rough estimate that will get drastically revised 3 times, and then get revised again in six months, then get revised again a year later. Margin of error +/- a couple hundred thousand. It'll likely be a disappointment. The ISM services employment index fell from last month, when only 96,000 jobs were created. So I'm expecting less than 96,000. Remember, Europe is long jobs, Japan is losing jobs, it'll be a miracle at all if we gain jobs.
The main point is that Obama has created over 5 million private sector jobs in the past 2 1/2 years, and has a much better job creation record than George W. Bush in his first term.
How many jobs are normally created after a deep recession over a three year period as a percentage increase, Beet? And why is growth slowing down, rather than speeding up. The recovery has been dismal because nobody sees any plan to get us out of the pit of despair. We are a nation suffering from severe anemia.
No, the world is suffering from severe anemia and we are an otherwise well functioning organ that is getting affected by it. America is doing much better than the rest of the world. Even if you look at China and India, they are doing as bad as during the depths of the 2009 recession and Europe is basically teetering on the edge of recession as well as Japan. We are at least chugging along at 1%+.
And the unemployment numbers have been released. 114k jobs created and surprisingly, the unemployment rate drops to 7.8%. Now let the bitchfest about labor force participation commence.
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