time.These are very critical times the world over when it comes to the
economy.
" I have a dream " is still real and on course and is not
substitutable by anyone's malicious or malevolent preference for
failure and nightmare.
Today the 5th of September is is Labour Day in the United States and
according to this article, the competent and certainly suprebly
qualified Princeton professor Alan Krueger who is Brother Obama's new
choice of economic adviser if ratified by the Senate, will hopefully
reap good dividends:
Alan Kreuger:
More about Labour Day and the US employment and economic situation
from where I usually look for updates on what's happening in the US:
http://www.realclearpolitics.com/
On Sep 3, 2:08 pm, MsJoe2...@aol.com wrote:
> EM, I think Obama knew that some US firms can get military contracts in
> Libya, that's why the bombing got most barbarous in August. Wait for the
> August Libyan post-bombing for gross military product. Obama wins! Add that to
> his peace prize - he looses in the polls.
>
> In a message dated 9/3/2011 4:29:35 A.M. Eastern Daylight Time,
>
> mulin...@look.ca writes:
>
> US economy created no job growth in August, data show
> First time since 1945 that government has reported net monthly job change
> of zero
> (http://www.msnbc.msn.com/id/44370462/ns/business/) _565_
> (http://www.msnbc.msn.com/id/44370462/ns/business/) Share
> _Advertise_ (http://www.msnbc.msn.com/id/31066137/media-kit/) |
> _AdChoices_ (http://g.msn.com/AIPRIV/en-us)
>
> Jonathan Alcorn / Reuters
> Job seekers line up at a job fair in Los Angeles, Calif., last month. Job
> growth ground to a halt in August as low consumer confidence discouraged
> businesses from hiring.
> msnbc.com news services
> updated 9/2/2011 12:15:59 PM ET 2011-09-02T16:15:59
> · -
> _WASHINGTON_
> (http://www.bing.com/maps/?v=2&where1=WASHINGTON&sty=h&form=msdate) — Employment growth ground to a halt in August, as sagging consumer
> confidence discouraged already skittish U.S. businesses from hiring, keeping
> pressure on the Federal Reserve to provide more monetary stimulus to aid
> the struggling economy.
> Nonfarm payrolls were unchanged last month, the Labor Department said
> Friday. It was the first time since 1945 that the government has reported a net
> monthly job change of zero. The August payrolls report was the worst since
> September 2010, while nonfarm employment for June and July was revised to
> show 58,000 fewer jobs.
> 1. More must-read stories
> 1.
> (http://lifeinc.today.com/_news/2011/08/29/7515262-listing-of-the-week...)
> _A piece of France in the Berkeley Hills _
> (http://lifeinc.today.com/_news/2011/08/29/7515262-listing-of-the-week...
> a)
> Life Inc. Listing of the week: Just 30 minutes from San Francisco, blue
> shutters and a red tile roof make this estate look like it would be more at
> home in Provence.
> "The bottom line is this is bad," Diane Swonk, chief economist with
> financial services firm Mesirow Financial, told CNBC Friday.
> Despite the lack of employment growth, the jobless rate held steady at 9.1
> percent in August. The unemployment rate is derived from a separate survey
> of households, which showed an increase in employment and a tick up in the
> labor force participation rate.
> While the jobs report underscored the frail state of the economy, the
> hiring slowdown probably will not be seen as a recession signal as layoffs are
> not rising that much.
> A strike by about 45,000 Verizon Communications workers helped push
> employment in the information services down by 48,000. Allowing for the decline
> from the Verizon strike, private payrolls would have risen by 62,000.
> A rough month
> "August was a pretty rough month for the economy," said Ryan Sweet, a
> senior economist at Moody's Analytics in West Chester, Pa. "We saw financial
> markets tighten. I think businesses sort of responded by putting hiring on
> the back burner," he said before the release of the report.
> An acrimonious political fight over U.S. debt, which culminated in the
> downgrade of the country's AAA credit rating from Standard & Poor's, and a
> worsening debt crisis in Europe ignited a massive stock market sell-off last
> month and sent business and consumer confidence tumbling.
> With the unemployment rate stuck above 9 percent and confidence
> collapsing, President Barack Obama is under pressure to come up with ways to spur job
> creation. The health of the labor market could determine whether he wins a
> second term in next year's elections.
> Obama will lay out a new jobs plan in a speech to the nation next
> Thursday.
> "The economy is slowly grinding to a halt," said Steve Blitz, senior
> economist for ITG in New York. "The problem, however, on the policy side is
> that I wonder whether the numbers are truly weak enough to galvanize a
> political response."
> _Story: Stocks usher in holiday weekend with ugly drop _
> (http://www.msnbc.msn.com/id/44370308/ns/business/t/stocks-usher-holid...)
> "To me, the major take away from this number is that it keeps policy in
> limbo — it's bad but not bad enough," he added.
> The weak employment data could strengthen the hand of officials at the
> U.S. central bank who were ready at their August meeting to do more to help
> the sputtering economy.
> The Fed cut overnight interest rates to near zero in December 2008 and it
> has bought $2.3 trillion in securities. Many analysts say its arsenal is
> now largely depleted, although they expect it to do more to try to prop up
> growth.
> Dodging recession
> Although hiring cooled, there is little sign companies responded to the
> darkening outlook by laying off workers. First-time applications for state
> unemployment benefits have hovered around 400,000 for weeks.
> The steady jobless claims, relatively strong consumer spending, continued
> demand for manufactured goods and increases in industrial production
> suggest the economy will steer clear of recession.
> "We do not expect the economy to slump, but rather to slouch and stagger,"
> said Patrick O'Keefe, head of economic research at accounting firm J.H.
> Cohn in Roseland, New Jersey.
> _Story: Nursing tops list of high-paid jobs of the future _
> (http://www.msnbc.msn.com/id/44359555/ns/business-personal_finance/t/n...
> -paid-jobs-future/)
> Still, analysts warn the economy is so weak, any fresh shock could send it
> tumbling. In the first half of the year, the economy expanded at less than
> a 1 percent annual rate, bad news for the estimated 14 million unemployed
> Americans.
> If job growth does not accelerate, it could take more than four years to
> return to the pre-recession employment level.
> Private payrolls increased only 17,000 after rising 156,000 in July.
> Government employment fell 17,000, contracting for a 10th straight month. The
> decline in government payrolls was tempered by the return of 23,000 state
> workers in Minnesota after a partial government shutdown in July.
> Details of the employment report were weak, with manufacturing payrolls
> falling 3,000, reflecting the slump in business confidence. Factories added
> 36,000 new workers in July as disruptions to motor vehicle production caused
> by a shortage of parts from Japan eased.
> The average work week dropped to 34.2 hours, the fewest since January,
> from 34.3 hours. Average hourly earnings fell three cents.
> The Associated Press and Reuters contributed to this report.
> Thé Mulindwas Communication Group
> "With Yoweri Museveni and Dr. Kizza Besigye Uganda is in anarchy"
> Groupe de communication Mulindwas
> "avec Yoweri Museveni et Docteur Kiiza Besigye, l'Ouganda est dans
> l'anarchie"
>
> __._,_.___
>
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