US job surge lifts hopes for resilient recovery

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US job surge lifts hopes for resilient recovery

Published: 4/02/2012 at 03:32 AM
Online news: World

US businesses cranked up hiring in January, pulling down the unemployment rate for a fifth straight month amid signs of a stronger recovery brewing in the world's largest economy.

Job seekers wait on line to attend a job fair in Manhattan, New York City, January 26. US businesses cranked up hiring in January, pulling down the unemployment rate for a fifth straight month amid signs of a stronger recovery brewing in the world's largest economy.

The Labor Department's keenly awaited jobs report blew past expectations, providing a shot of welcome good news for President Barack Obama's reelection bid.

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: Writer: AFP News agency; Position: Agence France-Presse

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drake
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Discussion 5 : 04/02/2012 at 04:04 AM5
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In another headline:
Record 1.2M Fall Out Of Labor Force...
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spiceman
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Discussion 4 : 04/02/2012 at 02:29 AM4
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Khun Pointoffew #1, you are absolutely correct, many people who got laid-off simply gave up looking for work. And those who're lucky to be working are in danger of loosing their jobs. That's how bad things are right now in the US. American Airline has just announced a few days ago that they're laying off 12,000 of its workforce, in order, to stay alive. Obama has already spent $5 trillion with nothing to show for it, except persistent high unemployment and accumulated national debt as far as the eye can see.
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pointoffew
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Discussion 3 : 04/02/2012 at 01:30 AM3
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@ heartie, discussion 2: "I don't think this (The government shed 14,000 jobs) was the kind of 'change' that people voted for. You could be wrong. Many in the US would like to see a leaner public service and more employment in the private sector.
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heartie
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Discussion 2 : 04/02/2012 at 01:05 AM2
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'The government shed 14,000 jobs, the weakest pace of layoffs in four months.'

I don't think this was the kind of 'change' that people voted for.

Who listens to politicians and their promises anymore?
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pointoffew
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Discussion 1 : 04/02/2012 at 12:46 AM1
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As so often is the case, there's more, many more, to the picture than meets the eye. Not THE unemployment has dropped to 8.3%, but the REGISTERED unemployment.
Quite a difference, in a country where - economists agree - millions of people have given up on finding employment and therefore no longer register as unemployed.
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US job surge lifts hopes for resilient recovery | Bangkok Post: news