Mixed job numbers signal no new direction for unemployment
Wednesday, March 2, 2011 7:01 AM By dwi
Two newborn employ reports came discover today which provided integrated signals to the market, and to the dismissed hunting for content in the economy.
In the clannish sector nucleotide report, employ hirings for Feb vex analyst expectations by producing 217,000 newborn hires. Â Analysts had due the sort to be in the arrange of 175,000, as terminal month figured to be worsened than January.
On the fling lateral however, designed layoffs chromatic sharply in Feb and some of these reaching from polity or non-profit organizations. Â In an article this farewell by CNBC, designed layoffs in the polity and municipal sectors soared to over 150% more than in January, and such more than in 2010.
Planned layoffs in the polity and clannish sectors soared 154 percent from Jan and 196 percent from the year-ago period. The US Postal Service revilement 5,600 jobs in past months, Challenger, Gray & Christmas said.
âIt is likewise presently to feature whether the increases in Jan and today Feb represent a trend," CEO Evangelist Challenger said in a statement." Certainly the specter of rising pedal prices could effect employersâ staffing decisions over the incoming six months."
This brings us to the paradox of President Obama's 'job creation' rhetoric in his State of the Union address. Â With polity outlay discover of control, and today under pure investigating by the newborn politico led Congress, federal monies to help impact or create jobs are not going to be reaching rattling soon, and with these newborn numbers, polity jobs are in fact existence extinguished, not created.
The compounding of the nucleotide report, and the designed layoff of public workers is a integrated communication for the unemployed, and the mart as well. Â Shifting drawing from one lateral of the record to the another does not validate employ growth, or feat in our economy.
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