March jobs report is in: It's terrible news for U.S. economy

[Tobbi]

It means that the Federal Reserve is almost certain not to raise
interest rates at its June meeting.

Investors were waiting on pins and needles for this Friday’s
jobs report, and they got some unfortunate news: job growth was
just half of what forecasters expected, indicating that the
economy’s breakneck growth appears to be slowing down.

A total of 126,000 nonfarm jobs were added in March, even worse
than the prior two months which had already been revised
downward. Add to that the fact that hours worked was down as
well, and the Labor Department’s findings weren’t exactly
welcome news in U.S. financial circles, according to a Christian
Science Monitor report.

The unemployment rate, meanwhile, remained at 5.5 percent.
17.5%, but who tells the truth in the Obama government.

However, it doesn’t mean that the U.S. is now headed back into a
recession or anything near as drastic as that. In fact, some
might say it was an expected decrease after so many months of
strong growth, considering the fact that other economic signs
were trending downward. It could just be recalibration of the
market after what might have been unsustainably strong growth.

One analyst quoted in the report said that he views it merely as
a “realignment of payrolls with the true underlying pace of the
economy.”

Despite the bad report, the stock market wasn’t thrown into a
panic. The S&P 500 stayed flat in early trading after the
report’s release. That may have been boosted by the fact that
with a bad jobs report comes with it the cheering news that an
interest rate hike isn’t coming for a while.

It had been all but a foregone conclusion among many at one
point last year that the Fed would hike the interest rate for
the first time in years this June, which concerned investors.
But with this newest report, most observers believe that a June
rate hike is extremely unlikely.

And there are reasons for cheer despite the bad numbers. For
one, first quarters tend to be bad, especially in recent years,
as investment is soft in the first part of the year, according
to the report. Also, month-to-month volatility is the norm, even
for labor reports. In addition, the job growth may have been a
little too aggressive last year, and it’s about time we had a
correction before going back to more sustainable growth.

http://www.statecolumn.com/2015/04/march-jobs-report-is-in-its-
terrible-news-for-u-s-economy/

 

[吠am吸am@gone.com]

On 22/04/2015 10:25 PM, Tobbi wrote:

OFF-TOPIC SPAM -----------------------------------------