Anything on the + side and the bulls will run the markets higher. Of course after losing tens of millions of jobs over the last 5 years that there will be an eventual pick up in job numbers no matter what the circumstances. Just remember all the trillions spent to prop the economy up, there is no more true organic growth left in this economy, everything is coming from stimulus, its all artificial growth.
This is a good thing - we want a grind. It means that we'll stay higher for longer and not collapse like before.
Just remember that 200,000 students graduate college and join the workforce each month on average, for about 2.6 million per year in the US.... It takes that many hires to keep the employ rate even... we clearly are not there.
Yep, about 150,000-200,000 new people entering the workforce which means this economy has to create at least 250,000 jobs a month for many, many years to get the unemployment rate from 10 to 5%. Think of the 15 million already out of work already. Where is job creation going to come from? And don't tell me from all the great stimulus money they are throwing around, that doesn't count.
http://nems360.com/pages/full_story...5&instance=news_special_coverage_right_column 5000 applicants for 53 openings? 100,000 for 2000? Is Toyota that incredible to work for? Or do those people just need jobs bad?