Gravitymaster 0 #1 June 4, 2004 For Democratic Presidential Candidates. Jobs Growth Unexpectedly Strong in May Jun 4, 8:38 AM (ET) WASHINGTON (Reuters) - U.S. employers added an unexpectedly large 248,000 jobs in May, according to a government report on Friday that confirmed a strengthening economy likely to soon bring higher interest rates. The May tally exceeded Wall Street expectations for 216,000 new jobs and followed an upwardly revised total of 346,000 jobs in April and 353,000 in March. The 947,000 jobs created in the March-May period made it the strongest for any three months in four years. The cascading evidence of accelerating economic activity is certain to reinforce expectations that Federal Reserve policymakers will ratchet U.S. interest rates up from current 46-year lows when they meet June 29-30 and may prove a boon to election-bound President Bush. The unemployment rate remained at 5.6 percent in May, unchanged from April. Virtually every major sector of the economy added jobs in May, from retailing to construction industries. Particularly notable were 32,000 new hires in manufacturing -- a fourth straight monthly increase and the biggest for any month since August 1998 when 143,000 manufacturing jobs were created, the department said. Nearly 1.2 million jobs have been added since the start of the year, adding fodder for a campaigning Bush to blunt Democratic criticisms fueled by the slow recovery from the 2001 recession. Quote Share this post Link to post Share on other sites
PhillyKev 0 #2 June 4, 2004 QuoteAnthony Chan, chief economist with Banc One Investment Advisors, explained why the data has equity investors in a good mood, saying the moderately stronger than anticipated "Goldilocks" report was just right - good enough to indicate the economy is still doing well but not a blowout number that would have forced the Federal Reserve to move sooner rather later on interest rates. "Yes, we created slightly more jobs than expected but well short of the higher end whisper numbers that pegged the gains as high 500,000," he said, adding that the unchanged workweek was also provided "little sign" that the labor market is "anything near a boiling point." He continued: "In fact, the unchanged labor force participation rate (from an already low reading last month) also provided further support for the view that this is the sort of report that will prevent the Fed from acting in an aggressive manner anytime soon." Quote Share this post Link to post Share on other sites
kallend 2,118 #3 June 4, 2004 That is good news. Soon we'll be up to the level Bush promised for the end of 2002.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
pajarito 0 #4 June 4, 2004 QuoteThat is good news. Soon we'll be up to the level Bush promised for the end of 2002. It will never be good enough...will it? There's always something to discredit. Quote Share this post Link to post Share on other sites
Gravitymaster 0 #5 June 4, 2004 QuoteQuoteThat is good news. Soon we'll be up to the level Bush promised for the end of 2002. It will never be good enough...will it? There's always something to discredit. Think about it for a second. By refuting this is good economic news, they are in fact agreeing with the title of this thread. Quote Share this post Link to post Share on other sites
freeflydrew 0 #6 June 4, 2004 why is this bad news for democratic candidates? Surely a relatively insignificant bump in employment opportunities cannot make or break this years election? I imagine that most people have already made their decision... and those who haven't aren't going to be impacted by this type of influence anyway... Silly original post. Just an arguement without any foundation (no offense) Quote Share this post Link to post Share on other sites
kallend 2,118 #7 June 4, 2004 QuoteQuoteThat is good news. Soon we'll be up to the level Bush promised for the end of 2002. It will never be good enough...will it? There's always something to discredit. Hey, I didn't sign off on the President's Report on the Economy 2003. GWB signed off on it. Not my fault if he either (a) lies, or (b) is incompetent. Do you give all politicians a pass on their broken promises, or just conservative ones?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
tcnelson 1 #8 June 4, 2004 we're not there yet?...i want a recount! and if that doesn't get us there, i want another one! and if that doesn't get us there, i want recounts until the level of employment goes up! hopefully, the supreme court won't step in this time to foil my plan! "Don't talk to me like that assface...I don't work for you yet." - Fletch NBFT, Deseoso Rodriguez RB#1329 Quote Share this post Link to post Share on other sites
pajarito 0 #9 June 4, 2004 QuoteThink about it for a second. By refuting this is good economic news, they are in fact agreeing with the title of this thread. Quote Share this post Link to post Share on other sites
pajarito 0 #10 June 4, 2004 Quotewhy is this bad news for democratic candidates? Surely a relatively insignificant bump in employment opportunities cannot make or break this years election? I imagine that most people have already made their decision... and those who haven't aren't going to be impacted by this type of influence anyway... Silly original post. Just an arguement without any foundation (no offense) I know my mind is made up. By the way, I didn't start this thread. No offense taken. Quote Share this post Link to post Share on other sites
pajarito 0 #11 June 4, 2004 QuoteQuoteQuoteThat is good news. Soon we'll be up to the level Bush promised for the end of 2002. It will never be good enough...will it? There's always something to discredit. Hey, I didn't sign off on the President's Report on the Economy 2003. GWB signed off on it. Not my fault if he either (a) lies, or (b) is incompetent. Do you give all politicians a pass on their broken promises, or just conservative ones? Oh.....Kallend.....I'm just going to continue to smile all the way to election day. Quote Share this post Link to post Share on other sites
freeflydrew 0 #12 June 4, 2004 Quote I know my mind is made up. By the way, I didn't start this thread. No offense taken. My bad, that was meant to be directed at the original post and poster... i got lazy and hit the nearest reply! (repost)Silly original post. Just an arguement without any foundation (no offense) Quote Share this post Link to post Share on other sites
pajarito 0 #13 June 4, 2004 I agree. I am yet again wasting more heartbeats that I'll never get back responding to this shi'ite. Quote Share this post Link to post Share on other sites
PhillyKev 0 #14 June 4, 2004 QuoteSurely a relatively insignificant bump in employment opportunities cannot make or break this years election? I imagine that most people have already made their decision... and those who haven't aren't going to be impacted by this type of influence anyway... Silly original post. Just an arguement without any foundation (no offense) Exactly, there are dozens of economic indicators that come out on a daily basis. The overall picture is not as rosy as this single indicator would lead you to believe. The same day this news came out, today, a report was also issued that factory orders have declined. Quote Share this post Link to post Share on other sites
kallend 2,118 #15 June 4, 2004 Quotewe're not there yet?...i want a recount! and if that doesn't get us there, i want another one! and if that doesn't get us there, i want recounts until the level of employment goes up! hopefully, the supreme court won't step in this time to foil my plan! Well, we were promised by the President in a written report that he signed to be there by Dec 2002, then by Dec 2003, and we're still driving and the destinatioin isn't in sight. Maybe we're not on the right road. Perhaps we should change driver.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
PhillyKev 0 #16 June 4, 2004 Look who else is jumping on the "tout the minor good piece of economic news to come out" bandwagon. Quote"Today's jobs report shows that the American economy is strong and it's getting stronger. 248,000 jobs for last month is good for the American worker. It shows that the economy is vital and growing," Bush told reporters during a visit to Rome. Quote Share this post Link to post Share on other sites
Gravitymaster 0 #17 June 5, 2004 Quotewhy is this bad news for democratic candidates? Surely a relatively insignificant bump in employment opportunities cannot make or break this years election? I imagine that most people have already made their decision... and those who haven't aren't going to be impacted by this type of influence anyway... Silly original post. Just an arguement without any foundation (no offense) According to Kerry "This election is going to be about 3 things.... Jobs, jobs, jobs.." This good economic news is going to force the Dems to change their stratagy for Kerry's election. There are also signs this job creation will continue to grow at an even faster rate because corporations are beginning to expand. Expansion means more jobs. You are very wrong if you believe most people have made up their minds. If thats what you think, you really need to get off this site and get out into the real world once in a while. Many people are watching the economy and the war and will make their decision based on these two issues when they walk into the voting booth. Regardless of what they say now. Quote Share this post Link to post Share on other sites
TypicalFish 0 #18 June 5, 2004 I guess I find it funny that this is interpreted as "good" or "bad" news depending on how it effects the candidates. I love my country enough that I think that good news regarding our economy is just that, good news, whether it helps "my" candidate or not."I gargle no man's balls..." ussfpa on SOCNET Quote Share this post Link to post Share on other sites
Gravitymaster 0 #19 June 5, 2004 QuoteI guess I find it funny that this is interpreted as "good" or "bad" news depending on how it effects the candidates. I love my country enough that I think that good news regarding our economy is just that, good news, whether it helps "my" candidate or not. Apparently you missed the sarcasm. Sorry it wasn't clearer. Quote Share this post Link to post Share on other sites
b1jercat 0 #20 June 5, 2004 I think I'll SHOW GEORGE THE DOOR IN 2004 in spite of your good/bad news. Quote Share this post Link to post Share on other sites
TypicalFish 0 #21 June 5, 2004 Quote Apparently you missed the sarcasm. Sorry it wasn't clearer. I AM a little slow on the uptake sometimes... It wasn't aimed at anyone in particular, sorry about that. I meant it in a much more nebulous sense; in my opinion, there seems to be a certain amount of (almost) glee on the part of some on this board when something bad happens that somehow denigrates the Bush administration."I gargle no man's balls..." ussfpa on SOCNET Quote Share this post Link to post Share on other sites
bodypilot90 0 #22 June 5, 2004 Quote I think I'll SHOW GEORGE THE DOOR IN 2004 in spite of your good/bad news. I don't think it's just up to you, thank God! Quote Share this post Link to post Share on other sites
PhillyKev 0 #23 June 5, 2004 Quote there seems to be a certain amount of (almost) glee on the part of some on this board when something bad happens that somehow denigrates the Bush administration. Personally, I'm not gleeful when bad things happen. However, I will point out when GWB does bad things. Because I expect him to do more bad things and I hope that by pointing it out someone may be convinced to vote for a better choice. Quote Share this post Link to post Share on other sites
skydyvr 0 #24 June 5, 2004 QuoteBecause I expect him to do more bad things and I hope that by pointing it out someone may be convinced to vote for a better choice. Who do you have in mind? Colonel Sanders? . . =(_8^(1) Quote Share this post Link to post Share on other sites
freeflydrew 0 #25 June 6, 2004 Quote You are very wrong if you believe most people have made up their minds. If thats what you think, you really need to get off this site and get out into the real world once in a while. Thank you for sharing your opinion with me, Bob... My original thoughts: Surely a relatively insignificant bump in employment opportunities cannot make or break this years election? I imagine that most people have already made their decision... and those who haven't aren't going to be impacted by this type of influence anyway... Quote Share this post Link to post Share on other sites
