Comments on: U.S. jobs recovery finally looking less temporary http://blogs.reuters.com/breakingviews/2011/05/06/u-s-jobs-recovery-finally-looking-less-temporary/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Harry079 http://blogs.reuters.com/breakingviews/2011/05/06/u-s-jobs-recovery-finally-looking-less-temporary/comment-page-1/#comment-7328 Sat, 07 May 2011 14:45:38 +0000 http://blogs.reuters.com/columns/?p=5916#comment-7328 You know whenever I read these editorials the authors always fail to mention the 350-400,000+ workers getting laid off every week.

This week the number was like 475,000.

I have a question:

If in April 1.4 million people get laid off and the jobs report says payrolls swelled by a larger than expected 244,000 does that mean that 1.64 million jobs were created?

Also what about the 150,000+ people per month retiring and going on Social Security? Did you ever consider how they might be making the jobs numbers look better?

Just curious.

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By: Pete_Murphy http://blogs.reuters.com/breakingviews/2011/05/06/u-s-jobs-recovery-finally-looking-less-temporary/comment-page-1/#comment-7326 Sat, 07 May 2011 10:49:17 +0000 http://blogs.reuters.com/columns/?p=5916#comment-7326 “It’s important not to overstate the gains.”

You did. You got sucked in by the headline number. Check the “employment level” data on the BLS web site, report no. LNS12000000 (http://data.bls.gov/timeseries/LNS12000 000?years_option=all_years&periods_optio n=all_periods) and you’ll see that the employment level actually fell by 190,000 jobs in April.

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