Job growth finally on the rebound?

[jimmy olsen]

244k new jobs in April!

http://online.wsj.com/article/SB10001424052748703992704576306843829385166.html

[Zanza2]

If you look at the BLS statistics, I find the Employment-Population Ratio quite interesting. It used to be about 62-63% from 2001 to 2008 and now stands at 58.5% and didn't really move much for the last year and a half. 4% of the American population are about 12 million people, meaning virtually all of the currently registered unemployed people would have to find a job to get back to the usual level as a lot of people have left the labor market for now.
If you consider that 12 million people or so need a job to get back to the usual level of employment, adding 244k jobs doesn't seem that impressive. And based on the BLS statistics, the American labor force grows by 100k+ persons each month, so the net gain is even less.   

[DGuller]

It's really not impressive by any standard other than relative to what we had in the last few years.  That's about the average we had during Clinton's 8 years.  The only good thing about it is that it's always better to have positive momentum than to not have it, but hopefully this positive momentum would amount to a lot more than this.

[Zanza2]

And the WSJ article says that government is still shedding jobs, so it's not a good time to be a teacher. Guess you'll have to stay in Korea a bit longer, Tim.

[Ed Anger]

Economic recovery: tainted. FUCK YOU TIM.

[Caliga]

government is still shedding jobs