Sports and my thoughts

Monday, April 10, 2006

Thoughts: More bad economy news

God Damn I need to stop listening to the lame stream media. Not only is unemployment low, but the jobs we are producing are good jobs.
The US economy isn't just producing jobs these days, it's also producing good jobs. Alongside the ads for jobs handling a cash register or a spatula are these new opportunities:

• In St. Louis, AFB International is enlisting both technicians, paid $30,000 to $40,000, and PhD scientists, offered $80,000 to $100,000, in its quest for the perfect pet food.

• In Delaware, Honeywell plans to hire people at $40,000 to $100,000 to work in a data-storage center.

• In southern California, some of the latest openings involve working on the railroad, for $35,000 to $70,000 a year. Union Pacific plans to add 2,000 employees altogether.

These reports in the past month symbolize a welcome trend during an economic expansion that at first offered only tepid job gains, both in quantity and quality.

This good news about the breadth of job creation comes against a backdrop of labor-market anxiety that has persisted despite the economy's solid overall footing. Competition from imported goods, the threat of outsourcing services abroad, and a controversial influx of illegal laborers are just some of the forces that make many workers worried about their future.

Creating good jobs - the kinds that can keep American living standards rising - appears likely to remain a challenge. But the current employment picture at least indicates movement in a positive direction.

"We're creating lots of all kinds of jobs, across many industries, occupations, and pay scales," says Mark Zandi, chief economist at Moody's Economy.com. But he adds: "If your skill sets are rusty, or at the low end of the skill range, you're going to have a tougher time."

The economy added 211,000 jobs in March, according to a Labor Department report Friday - a solid showing about on par with expectations. The unemployment rate fell a notch, to 4.7 percent.

God love America. But this is the worst economy since the Great Depression, just ask your local liberal.

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