Breaking: Unemployment stays at 9.7%

posted at 8:45 am on April 2, 2010 by Ed Morrissey

The Bureau of Labor Statistics published a good news/bad news report on employment today.  The unemployment rate remained high at 9.7% in March, the same figure as in February.  The economy added 162,000 jobs, with half coming in temporary or government work, as the Census Bureau began hiring its survey workers:

Nonfarm payroll employment increased by 162,000 in March, and the unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today. Temporary help services and health care continued to add jobs over the month. Employment in federal government also rose, reflecting the hiring of temporary workers for Census 2010. Employment continued to decline in financial activities and in information. …

Temporary help services added 40,000 jobs in March. Since September 2009, temporary help services employment has risen by 313,000.

Employment in health care continued to increase in March (27,000), with the largest gains occurring in ambulatory health care services (16,000) and in nursing and residential care facilities (9,000). …

Employment in federal government was up over the month, reflecting the hiring of 48,000 temporary workers for the decennial census.

The news wasn’t all good.  Marginally attached workers increased by 200,000 in March, and part-time by circumstance increased as well:

The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) increased to 9.1 million in March.  These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

About 2.3 million persons were marginally attached to the labor force in March, compared with 2.1 million a year earlier. (The data are not seasonally adjusted.)  These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

In fact, the number of people working part-time for economic reasons rose to its highest level since December, 9.054 million, up almost 300,000 from February’s 8.791 million.

The number of unemployed rose again in March.  In February, the total unemployed was 23.818 million; in March, it rose to 23,840 (seasonally adjusted).  That’s still somewhat lower than December’s peak of 24.354 million, but it’s almost five million more than March 2009′s figure of 18.976 million, which was the first full month after passage of the stimulus bill Democrats pushed through in February 2009.  Furthermore, the average duration of unemployment increased again to 31.2 weeks, the highest it’s been in months.

It’s not a bad jobs report, but it’s not terribly good, either.

Update: Tommy Christopher tweaks me for my pessimistic analysis:

Here’s how the jobs report is playing out around the blogosphere. Over at Hot Air, Ed Morrissey finds the silver lining with the headline “Breaking: Unemployment stays at 9.7%.” …

This is clever, lumping temporary and government jobs together. It’s a bit like saying that Hank and Tommie Aaron hit 756 home runs, and I doubt many unemployed Americans would turn their noses up at a government job right now.

Well, the problem is that Hank Aaron had a job for longer than a year, which is a lot more than these Census workers can claim.  The “government jobs” are also temporary.  It’s not growth, nor does it lead to growth. It’s simply temporary overhead, more cost to the taxpayers.

Like I said, this is a mixed bag, with some good news outweighed by the bad, including the increase in the unemployed and the average duration of unemployment.  The Census Bureau jobs are not the good news here.


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That’s still almost 40K less than they were “expecting,” though the news outlets I’ve heard this morning actually added the temp worker for the census bit as well.

JamesLee on April 2, 2010 at 8:48 AM

What was all that buzz about great unemployment stats for March?

ParisParamus on April 2, 2010 at 8:49 AM

But don’t forget all those new ObamaCare enforcer jobs coming to an IRS office near you.

Disturb the Universe on April 2, 2010 at 8:49 AM

If the unemployment doesn’t move, once the temporary workers are no longer needed for the census…wouldn’t this reflect negatively in the future as more jobs lost? How would it affect the unemployment percentage when the temporary workers are once again jobless?

Jay on April 2, 2010 at 8:50 AM

I am waiting for mr reid’s comments….

jbh45 on April 2, 2010 at 8:51 AM

It was the snow’s the rain’s Bush’s fault.

rogerb on April 2, 2010 at 8:51 AM

Adding jobs and the unemployment rate stays the same? Shouldn’t the rate decline if you add jobs? That tells me this is at best neutral news, and the fact that many of the jobs are temporary, by design, says that this is bad news.

rbj on April 2, 2010 at 8:54 AM

Now all Obama needs is for the same level of job creation(in the private sector only though) to continue for the next 2 years and he’ll erase the 4 million jobs lost since he took office.

Doughboy on April 2, 2010 at 8:55 AM

Temporary Census Bureau jobs were offset by real job losses. More job losses to come as Obama’s DeathCare law takes more effect.

BottomLine5 on April 2, 2010 at 8:55 AM

Frankly, I don’t believe a single word coming out of any of these government offices with this bunch in charge. I don’t believe their economic growth numbers, don’t believe the jobs numbers, sure as hell don’t believe any CBO estimates of the impact of Barry’s spending. The whole damn thing has been politicized for Barry’s benefit, and he’s adding thousands of democrat government workers to those offices each month. And YET, even with that, they can’t push a truly positive story. Tells me the truth is something much, much worse than they are reporting.

Rational Thought on April 2, 2010 at 8:56 AM

I think the numbers are absolute bullsh**.
Sorry.

ORconservative on April 2, 2010 at 8:56 AM

It’s like glue, I tell you…..

Vashta.Nerada on April 2, 2010 at 8:56 AM

Don’t worry, as the Census jobs start to unwind the Obamascare bureaucracy jobs will begin to mount up. Nancy may have been right about it adding 400,000 jobs — just not mentioning that they will all be for public sector pencil pushers. Oh joy.

GnuBreed on April 2, 2010 at 8:58 AM

Adding jobs and the unemployment rate stays the same? Shouldn’t the rate decline if you add jobs? That tells me this is at best neutral news, and the fact that many of the jobs are temporary, by design, says that this is bad news.

rbj on April 2, 2010 at 8:54 AM

I’ve long since given up looking at the unemployment rate as an accurate indicator of the state of the economy. Over the last year, it’s repeatedly gone down in months where hundreds of thousands of jobs were lost. And last month when jobs were created, it stayed the same….while the real unemployment rate actually went up a tick from 16.8% to 16.9%.

You wanna know how the economy is doing? Look at the states that are hemorrhaging money right now in their budgets. It’s not just because of out-of-control spending. Tax revenue is way down. Which means people ain’t working and they ain’t buying things.

Doughboy on April 2, 2010 at 8:59 AM

Something tells me that if Walmart closed its doors tomorrow, and laid everyone off, the number would still be 9.7.

Vashta.Nerada on April 2, 2010 at 8:59 AM

No private sector increase. Majority are census workers.

lilium on April 2, 2010 at 8:59 AM

Is that redhead ever gonna find a job ??

Tune in next week for the next episode of “How Obozo wrecks the economy”

Jerome Horwitz on April 2, 2010 at 9:00 AM

The dow will hit the important 11,000 mark. A sign that President Obama’s economic turnaround is hitting full-swing.

tomas on April 2, 2010 at 9:01 AM

The economy is at best stagnant and has been for some time . . . it’s just lying there rotting like a dead fish in the sun. The only new jobs are government jobs an they’re only temporary. Obama’s Marxist/socialist initiatives are destroying the free market.

rplat on April 2, 2010 at 9:02 AM

Sell firearms parts online, you will definitely have a job; that stuff is disappearing faster than Biden’s hairline.

Bishop on April 2, 2010 at 9:03 AM

There is a construction project near my house. It’s one of those porkulus funded projects. Or so the big bright orange signs says.

They’re taking out an existing sidewalk and putting in a new sidewalk for about 1.5 miles. It’s a needed project since that sidewalk is impossible to walk on due to all the cracks in.

Anyway, I was driving by yesterday and noticed about 7 or 8 workers gathered around watching 1 guy lay measuring something. Of those 7 or 8, I’d say most were, ahem, of the non-documented variety. I’m sure all of them were counted towards the created/saved job list.

Give me an $800B slush fund and I’ll get unemployment down to 0% in a month.

angryed on April 2, 2010 at 9:04 AM

I still don’t have a new govt job with everything-for-life-attached serving Dear Leader yet.

Moesart on April 2, 2010 at 9:05 AM

March added the most jobs in almost 3 years.

tomas on April 2, 2010 at 9:05 AM

Burger flipping jobs!

JammieWearingFool on April 2, 2010 at 9:05 AM

The dow will hit the important 11,000 mark. A sign that President Obama’s economic turnaround is hitting full-swing.

tomas on April 2, 2010 at 9:01 AM

Yes. Except 11K using today’s dollar is the equivalent of 8-9K using 2000 dollars. Which means the dow, in real terms, is about 30% lower than in 2000.

But let’s not quibble with facts.

angryed on April 2, 2010 at 9:06 AM

It’s way behind where we should be now. Consider that we are now at least six months out of the recession and private employment is still declining, not showing signs of the recovery we should be seeing. The census boost will have run it’s course by summers end and without a recovery in small business unemployment will inevitably get worse.

MTF on April 2, 2010 at 9:06 AM

It’s not a bad jobs report, but it’s not terribly good, either.

Oh, Ed. You’re not paying attention. When this gets filtered through the MSM, it will be seen as unprecedented and historic job growth. The best jobs report ever.

JohnInCA on April 2, 2010 at 9:07 AM

Is that redhead ever gonna find a job ??

Tune in next week for the next episode of “How Obozo wrecks the economy”

Jerome Horwitz on April 2, 2010 at 9:00 AM

I’m worried about Unemployment Bunny. Sue, he’ll have a job Saturday night/Sunday morning, but come Sunday evening, he’s going to be toast. Dear Liar of course will count that as a job “created or saved.”

rbj on April 2, 2010 at 9:08 AM

Month 15 of Epic Failure for this WH.

RepubChica on April 2, 2010 at 9:09 AM

The best jobs report ever.

JohnInCA on April 2, 2010 at 9:07 AM

Bubbly Katie Couric was saying pretty much that same thing last night. This is going to be the besest jobs report in the history of the universe or something. She was nearly having a tingle down her leg or something.

Johnnyreb on April 2, 2010 at 9:10 AM

Headlines in the MSM:

NY Slimes: US Economy Adds 162K Jobs
CBS: Payrolls Rise 162K; Best in 3 Years

No mention of census at all of course.

angryed on April 2, 2010 at 9:10 AM

Stuart Varney was just on FOX and said that we have definitely turned a corner in the recession and although it is still too slow, we are creating jobs in the private sector. He said things are going to steadily get better and he is harshly critical of Obama’s policies. So, I don’t know what to believe at this point.

KickandSwimMom on April 2, 2010 at 9:11 AM

Like with climate change, the one who writes the reports fakes the data. Obozo thinks he is fooling people. With 1 in 5 unemployed or under-employed I doubt anyone believes Obozo’s lies anymore.

tarpon on April 2, 2010 at 9:11 AM

Sue, he’ll have a job Saturday night/Sunday morning

Johnny Cash is in that bunny suit?

Bishop on April 2, 2010 at 9:11 AM

Something tells me that if Walmart closed its doors tomorrow, and laid everyone off, the number would still be 9.7.
Vashta.Nerada on April 2, 2010 at 8:59 AM

And GDP would go up, too.

All hail Barry the Magnificent!

turfmann on April 2, 2010 at 9:14 AM

Seems like a good time to attack businesses with Cap-and-Trade!

cntrlfrk on April 2, 2010 at 9:14 AM

In the flavor of Ed’s love for the word “unexpectedly”:

ADP Says U.S. Companies Unexpectedly Cut Payrolls (Update3)
By Timothy R. Homan and Courtney Schlisserman

March 31 (Bloomberg) — Companies in the U.S. unexpectedly cut payrolls in March, according to data from a private report based on payrolls.

The 23,000 decline was the smallest in two years and followed a revised 24,000 drop the prior month, data from ADP Employer Services showed today. Over the previous six months, ADP’s initial figures have overstated the Labor Department’s first estimate of private payroll losses by as little as 2,000 in February to as much as 151,000 in November.

Companies are still hesitant to add workers until they see sustained sales gains and are convinced the economic recovery has taken hold. Economists surveyed by Bloomberg News anticipate the government’s report April 2 will show payrolls increased by 184,000, in part due to temporary hiring by the federal government to conduct the 2010 census and because of better weather compared with February. LINK

One has to wonder how Obama will provide the media with further progress in the months ahead.

Rovin on April 2, 2010 at 9:14 AM

It’s not a bad jobs report, but it’s not terribly good, either.

Not bad? 9.7% unemployed! And many of the employed are temps or part-timers. It’s bad.

itsnotaboutme on April 2, 2010 at 9:16 AM

“There is always a bull market somewhere.”

Skandia Recluse on April 2, 2010 at 9:16 AM

March added the most jobs in almost 3 years.

tomas on April 2, 2010 at 9:05 AM

Despite efforts by Obama putting greater burdens on job creators.

cntrlfrk on April 2, 2010 at 9:17 AM

Great, government work and old folks homes are the only areas adding jobs. That bodes well for the future, huh?

Happy Days are Here Again!

forest on April 2, 2010 at 9:17 AM

“not a bad jobs report” give me a break ED!! When half the numbers are made up of government and temp workers, the States/county/local governments are now beginning to seriously lay off workers (not a bad thing), and March has seen the highest lay-off announcements in months by private companies, with those layoffs yet to be recorded…..these numbers are pure BS…and the people know it.

PatriotRider on April 2, 2010 at 9:19 AM

Stuart Varney was just on FOX and said that we have definitely turned a corner in the recession and although it is still too slow, we are creating jobs in the private sector. He said things are going to steadily get better and he is harshly critical of Obama’s policies. So, I don’t know what to believe at this point.

KickandSwimMom on April 2, 2010 at 9:11 AM

This report notwithstanding, I’m betting the economy treads water until the election. Obama has until the August recess to do more damage, many more healthcare shoes will likely drop, and in six weeks, we have an entire new group of college grads and high school grads flooding the job market. How can we be turning the corner?

BuckeyeSam on April 2, 2010 at 9:20 AM

Obamanomics=EPIC FAIL

doriangrey on April 2, 2010 at 9:21 AM

Johnny Cash is in that bunny suit?

Bishop on April 2, 2010 at 9:11 AM

With this fascist government, I can’t help but drink heavily.

Private business is going to make adjustments to any government and find a way to deal with it, but there is not going to be full bore on expansion & risk taking (leading to new industries, products & services) if those risk takers (wealth creators) perceive that they are not going to get rewarded for taking those risks.

rbj on April 2, 2010 at 9:27 AM

Stuart Varney was just on FOX and said that we have definitely turned a corner in the recession and although it is still too slow, we are creating jobs in the private sector. He said things are going to steadily get better and he is harshly critical of Obama’s policies. So, I don’t know what to believe at this point.

KickandSwimMom on April 2, 2010 at 9:11 AM

The economy would be in full recovery by now if not for porkulus, the health control bill and other proposed laws that are harming business or scaring them away from the risks of hiring and investment. Business is a risk, hiring is a risk, investment is a risk, and we have a clown president going around demonizing and penalizing risk taking.

forest on April 2, 2010 at 9:32 AM

Not bad? 9.7% unemployed! And many of the employed are temps or part-timers. It’s bad.

itsnotaboutme on April 2, 2010 at 9:16 AM

Meanwhile, in the Golden State, the unemployment rate unexpectedly did not change:

California’s Unemployment Rate Unchanged at 12.5 Percent

SACRAMENTO – California’s unemployment rate was 12.5 percent in February, and nonfarm payroll jobs decreased by 20,400 during the month, according to data released today by the California Employment Development Department (EDD) from two separate surveys.

The U.S. unemployment rate also was unchanged in February, at 9.7 percent. In January, the state’s unemployment rate was 12.5 percent, and in February 2009, the unemployment rate was 10.2 percent. The unemployment rate is derived from a federal survey of 5,500 California households.

These are figures that should make Babs Boxer and Mz. Pelosi proud.

Rovin on April 2, 2010 at 9:33 AM

For those who have been out of a job for a year or more these numbers mean nothing. For them the economic downturn has not turned up.

docdave on April 2, 2010 at 9:34 AM

Republicans must run on the platform that the economy isn’t growing as well as it could if Obama wasn’t implementing and threatening to implement socialist policies.

blink on April 2, 2010 at 9:31 AM

Exactly.

The economy will survive, but it will be locked in a choke-hold by this administration.

cntrlfrk on April 2, 2010 at 9:37 AM

“There is always a bull market somewhere.”

Skandia Recluse on April 2, 2010 at 9:16 AM

Barry and his MSM sycophants will always be able to give us plenty of bull.

Bigfoot on April 2, 2010 at 9:38 AM

This must be the preliminary reports from the new census workers.
Good job!!!

Cybergeezer on April 2, 2010 at 9:45 AM

Hey Ed…here is “Real” Number (i.e. Long-Term Employment) – putting aside all the gimmicks/Census numbers

Report = +162,000

Census Number = +48,000
Birth/Death Adjustment = +81,000
“Other” Temp. Jobs = +40,000

Grand Total Of “REAL” Jobs Number = -7000

U-6: 16.9 (16.8 in Feb.)

Yes – good numbers indeed *snort*

LordMaximus on April 2, 2010 at 9:47 AM

This is a BIG F’N DEAL!

Cybergeezer on April 2, 2010 at 9:47 AM

Perhaps we finally bottomed out — having reached the new equilibrium set by destructive Democrat policy.

Count to 10 on April 2, 2010 at 9:50 AM

Here is a good read on how the BLS is fixing the numbers:

http://directorblue.blogspot.com/2010/04/oops-while-white-house-games.html

Come on a 20% increase in payouts for the month of March and the unemployment number stays the same? I call BS!

Johnnyreb on April 2, 2010 at 9:53 AM

Ed needs to stop his nonsense now. He’s only helping the democrats come November.

blink on April 2, 2010 at 9:46 AM

Maybe, maybe not. It’s hard to tell if the ‘stimulus’ package, along with the upcoming tax hikes, are enough to hold the economy down where it is (or even push it farther down). FDR never really had a recovery, just stagnation at the level that resulted from his policies.

Count to 10 on April 2, 2010 at 9:55 AM

The temporary jobs figure (as opposed to the government jobs figure) may be good news. Companies tend to hire temporary workers before they hire full time employees. An expansion of temporary workers suggests the economy is improving and that companies may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM

may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM

.

Or not water carrier.

CWforFreedom on April 2, 2010 at 10:00 AM

Jimbo- How many months do I have to see you post that ??

Water carrier

CWforFreedom on April 2, 2010 at 10:02 AM

Porkulus is working just beautifully, isn’t it?

What was it that we were promised? That if it passed, unemployment would not go above 8%. We have, at one point, had unemployment over 10% since then and now it’s just hovering at 9.7%. In fact, it’s even worse than they told us it would be if they DID NOT pass Porkulus.
Anybody who voted for it needs to be hit over the head with this message nonstop from now until election day in November. They all should be defeated.

UltimateBob on April 2, 2010 at 10:03 AM

I would like some one to tell in which states these So called jobs were created.I can,t find a single state saying they created jobs.

thmcbb on April 2, 2010 at 10:07 AM

From Gallup:

Underemployment Rises to 20.3% in March

jasetaro on April 2, 2010 at 10:07 AM

LordMaximus on April 2, 2010 at 9:47 AM

Yeah, .if this report is all candy and nuts, then why is the bond market going crazy right now? The smart money is in sell mode. Just how is Uncle Sugar going to finance his deficits if the rates spike?

Only sheeple are fooled by the gigantic pump job going on in the media. These numbers are abysmal.

Ed, you need to post on the Federal Reserve’s illegal asset purcehas. If they can’t figure out how to cover it up, it’s going to be a huge story.

flyfisher on April 2, 2010 at 10:11 AM

Once again, phoney numbers cooked to make 0bama look good.

The U6 numbers are well North of 16%, and the real-real number is close to 22%:
http://www.shadowstats.com/alternate_data/unemployment-charts

Conservatives shouldn’t be showing 0bama’s phoney numbers, they should be shouting the REAL numbers from the rooftops.

Rebar on April 2, 2010 at 10:12 AM

President Travels to Maine to Talk About Jobs Healthcare.

Smart Power.

fogw on April 2, 2010 at 10:16 AM

An expansion of temporary workers suggests the economy is improving and that companies may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM

You do understand that a lot of these temporary employees are census workers. They are only needed for a few months, every 10 years. That does not flow into full time employment.

rbj on April 2, 2010 at 10:17 AM

Why issit…

No one seems to be mentioning the 160,000 jobs that need to be created, just to stay even?

If 162,000 jobs were created, 40,000 of which are public sector, it’s a net decrease in the number needed… And, the very reason the unemployment rate remains unchanged.

All this is, is a decrease in the rate of decline.

We’re not in positive territory yet.

Furthermore, low interest rates are allowing people to pile up more debt, instead of incentivising savings.

That, my friends, is not a good long-term strategy.

franksalterego on April 2, 2010 at 10:18 AM

We are printing, borrowing, and wasting money left and right and idiots like Jimbo can only carry the water. So tiring. No wonder Obama won.

CWforFreedom on April 2, 2010 at 10:22 AM

The stock market is closed today isn’t it?

sandee on April 2, 2010 at 10:22 AM

They are only needed for a few months, every 10 years.

rbj on April 2, 2010 at 10:17 AM

Not if Obama signs an XO making them permanent workers and keeps them on the payroll. Think about it ……. 48,000 jobs saved and created.

fogw on April 2, 2010 at 10:24 AM

LordMaximus on April 2, 2010 at 9:47 AM
Yeah, .if this report is all candy and nuts, then why is the bond market going crazy right now? The smart money is in sell mode. Just how is Uncle Sugar going to finance his deficits if the rates spike?

Only sheeple are fooled by the gigantic pump job going on in the media. These numbers are abysmal.

Ed, you need to post on the Federal Reserve’s illegal asset purcehas PURCHASES. If they can’t figure out how to cover it up, it’s going to be a huge story.

flyfisher on April 2, 2010 at 10:11 AM

Sorry for the typo.

More on the Federal Reserve’s questionable (and I believe illegal) asset purchases at The FED Admits to Breaking the Law.

flyfisher on April 2, 2010 at 10:25 AM

An expansion of temporary workers suggests the economy is improving and that companies may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM

You do understand that a lot of these temporary employees are census workers. They are only needed for a few months, every 10 years. That does not flow into full time employment.

Not only that, but private companies are hiring temporary and part time help instead of full time workers. Companies and big businesses are doing whatever they possibly can to avoid hiring full time workers right now due to the actions of the government. It’s always been much more expensive and onerous to have employees than most people realize, but it’s getting worse at a brisk pace, and the government eggheads who have zero real world experience are wondering why those darned greedy businessmen aren’t hiring more proletariat.

rbj on April 2, 2010 at 10:17 AM

forest on April 2, 2010 at 10:25 AM

Why is the US DOE hiring so many people? Have we had a phantom baby boom mature to school age?

batterup on April 2, 2010 at 10:27 AM

In my town, 40 miles outside of LA, we had 3000 applicants for 70 minimum wage jobs that were recently held at a job fair. Job market still sucks.

jbh45 on April 2, 2010 at 10:28 AM

Why is the US DOE hiring so many people? Have we had a phantom baby boom mature to school age?

batterup on April 2, 2010 at 10:27 AM

Better question: why is the DOE buying shotguns?

Rebar on April 2, 2010 at 10:30 AM

Not if Obama signs an XO making them permanent workers and keeps them on the payroll. Think about it ……. 48,000 jobs saved and created.

fogw on April 2, 2010 at 10:24 AM

True, though The Whine will claim it is 48 million jobs.

rbj on April 2, 2010 at 10:30 AM

Let me get this straight in feb we lost 40,000 jobs and the unemployment stays at 9.7% now we suppose to have gain 150,000 plus jobs and the unemployment rate is still 9.7%.So what happens next month if we don,t gain or loose any jobs the rate goes to 5%.Somebody is cooking the books and the people that are incharge of this web site should know that and quit spinning for Obama.

thmcbb on April 2, 2010 at 10:34 AM

A population subsisting on temporary jobs and a temporary constitution. Makes sense.

Dr. ZhivBlago on April 2, 2010 at 10:35 AM

Pull back the curtain and it’s a bad jobs report.

48,000 census workers who will be unemployed by years end.

81,000 phantom jobs created by model (birth/death) not actuality.

40,000 other temporary jobs.

Strip these out and you have a negative 7,000 report.

Zero Hedge has an excellent post on the report. He comes in at a negative 67,000 jobs when weather is stripped out. It’s a good read…

Zero Hedge

voiceofreason on April 2, 2010 at 10:35 AM

An expansion of temporary workers suggests the economy is improving and that companies may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM

You do understand that a lot of these temporary employees are census workers. They are only needed for a few months, every 10 years. That does not flow into full time employment.

Looks like the temp workers are different than the census workers. From the report:

Temporary help services added 40,000 jobs in March. Since September 2009, temporary help services employment has risen by 313,000.
……

Employment in federal government was up over the month, reflecting the hiring of 48,000 temporary workers for the decennial census.

Jimbo3 on April 2, 2010 at 10:36 AM

I wonder how long before the report that revises the numbers down will be dumped on a Friday night?

stvnscott on April 2, 2010 at 10:37 AM

The temporary jobs figure (as opposed to the government jobs figure) may be good news. Companies tend to hire temporary workers before they hire full time employees. An expansion of temporary workers suggests the economy is improving and that companies may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM

may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM
.

Or not water carrier.

CWforFreedom on April 2, 2010 at 10:00 AM

Jimbo- How many months do I have to see you post that ??

Water carrier

CWforFreedom on April 2, 2010 at 10:02 AM

–Considering the Wall Street Journal and other business publications also say this, probably a lot more times. Because it’s true.

Jimbo3 on April 2, 2010 at 10:38 AM

If the unemployment doesn’t move, once the temporary workers are no longer needed for the census…wouldn’t this reflect negatively in the future as more jobs lost? How would it affect the unemployment percentage when the temporary workers are once again jobless?
Jay on April 2, 2010 at 8:50 AM

Good point and I think you already know the answer.

Also, do the 120,000 teenagers who come of age every month and are eligible for work get factored in to determine the net jobs?

Mr_Magoo on April 2, 2010 at 10:46 AM

Jimbo3 on April 2, 2010 at 10:36 AM

How do you square this:

Nonfarm payroll employment increased by 162,000 in March, and the unemployment
rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today.

If employment increased, shouldn’t the unemployment rate decline?

Also from the report:

The number of long-term unemployed (those jobless for 27 weeks and over) in-
creased by 414,000 over the month to 6.5 million. In March, 44.1 percent of
unemployed persons were jobless for 27 weeks or more.

Long term unemployment increases a lot more than “temporary employment” with 48K/162K being census workers.

Besides, I remember the Democrats hollering that with employment rising at the end of the last recession the jobs were “only” temporary or burger flipping.

Sorry, but that’s the bed you’ve laid down. Now lie in it.

We will not have real economic growth in this country until we have a government that is pro-business instead of one that is actively anti-business.

rbj on April 2, 2010 at 10:49 AM

The temporary jobs figure (as opposed to the government jobs figure) may be good news. Companies tend to hire temporary workers before they hire full time employees. An expansion of temporary workers suggests the economy is improving and that companies may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM

I read somewhere last month that this may not be the case this time. I would try to find it but I’m busy looking for a job right now…

Mr_Magoo on April 2, 2010 at 10:50 AM

Whew…I was worried, I was afraid it would go over 10%, this is so much better…
They nailed conservatives to the wall for 5% unemployment, they were relentless on the attacks about the homeless…in this administration, “more is better”…

right2bright on April 2, 2010 at 10:51 AM

blink on April 2, 2010 at 9:31 AM

You’re correct. Economies recover; we’ve never not recovered eventually, even from crashes like ’29.

Counting on continued poor performance in absolute terms is a sucker’s argument.

DrSteve on April 2, 2010 at 10:52 AM

But, was it ‘unexpected’? ‘Cause that’s what really matters.

Pablo Snooze on April 2, 2010 at 10:55 AM

The temporary jobs figure (as opposed to the government jobs figure) may be good news. Companies tend to hire temporary workers before they hire full time employees. An expansion of temporary workers suggests the economy is improving and that companies may hire full time workers shortly.

Jimbo3 on April 2, 2010 at 9:58 AM

ummmmm…..the temp jobs is fueled by the census employment.
And no Jimbo, it is no longer a “good thing” to hire temp before full time (that was 10 years ago). They do temp hiring to get away from the gov. control of employees. They don’t have to pay workers comp., or benefits, or many other govt. regulations that stifle competition.
Every time you argue “this is good” you are arguing that government is bad and this administration is a disaster.
You are the strangest debater I have ever read…your arguments support the side you think is wrong….but thanks, at least you are supporting conservative values in your own strange way.

right2bright on April 2, 2010 at 10:56 AM

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