Apr
05
2013

BLS: 88K jobs in March (gulp), 63.3% labor force participation rate (GULP!).

Oh, dear.

Nonfarm payroll employment edged up in March (+88,000), and the unemployment rate was little changed at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in professional and business services and in health care but declined in retail trade.

[snip]

The civilian labor force declined by 496,000 over the month, and the labor force participation rate decreased by 0.2 percentage point to 63.3 percent.

…That’s not good. And, in case you were wondering:

In March, retail trade employment declined by 24,000. The industry had added an average of 32,000 jobs per month over the prior 6 months. In March, job declines occurred in clothing and clothing accessories stores (-15,000), building material and garden supply stores (-10,000), and electronics and appliance stores (-6,000).

Gee, it’s almost as if retail companies were shedding jobs in response to new, onerous, and badly-designed/badly implemented health care mandates.

[pause]

Nah, that’s just crazytalk. Somebody on the Internet told me so.

Moe Lane

6 Comments

  • earlgrey says:

    Can I suggest that rather than go to fancy parties asking for Democrat donations that Obama ask his wealthy friends to hire more people?

    Look I know it sounds nuts. It has to make sense to hire people, but I always here people complaining about how companies won’t hire right before they launch in to a diatribe about how great Obama and the Democrats are or how awful the republican are.

    • Finrod says:

      That won’t happen, because then said rich people will be spending their money on more employees and not giving it to Obama and/or the Democrats.

      • earlgrey says:

        I know they wouldn’t but I find the fundraising so distasteful.

        People blame republicans if their aren’t enough jobs and

        then they donate/support Obama who has shown no interest in creating an environment for jobs to be created. (which is really the role of govt. –allow jobs to be created—not create jobs)

        I just don’t get it.

    • Luke says:

      Somehow, this seems appropriate: https://www.youtube.com/watch?v=4jiUu8od_I8

      • Moe_Lane says:

        You know, I watch sh*t like that and I start to understand why old, old school Republicans spit whenever FDR’s name crops up. F*cking cults of personality…

      • earlgrey says:

        I watched this and while my reaction wasn’t as bad as Moe’s, I was sickened at the last part of it. It really was creepy, but I don’t think it is all that different from what we have today.

        As we have lost battle after battle, the one thing that I want to do is to make sure the truth about this administration comes out, but how can you do that.

        African Americans will always revere Obama for breaking the barrier in becoming our first black President– so for that reason disrupting anything he did will carry with it some natural resistance.

        I do think people really wanted to change when they voted for Obama. Some thought it would help put racism behind us and others more accurately voted to change the type of country in which we live.

        Either way, Obama makes new precedent everyday in his deplorable treatment of people we once honored and the respect he shows to our enemies.

        How do you “reset” without alienating those that will always love Obama for being our first black President?

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