Looking Forward to Friday’s Jobs Report

From the Financial Times:

The US private sector shed 491,000 jobs in April, according to a closely-watched survey of business employment on Wednesday, a sign that while the job losses remain high, the free-fall may be slowing.

From CNN Money:

Separately, outplacement firm Challenger, Gray & Christmas Inc. reported that the number of layoffs announced in April fell for the third straight month. While the cuts mark the lowest total since last October, the April figure was still 47% higher than job cuts announced in the same month a year ago.

Friday’s jobs report will potentially be a big sign for our economic recovery. It will give us an idea if the bottoming of the recession is having a positive impact on jobs. The consensus is for 8.9 percent unemployment with 610,000 jobs lost in April. If Friday’s reports is better than the consensus, look for a good day for the stock market and an eventual increase in consumer confidence.


23 Responses to “Looking Forward to Friday’s Jobs Report”

  1. 1 Luis Orozco 101 May 6, 2009 at 10:50 AM

    hopefully!! this is affecting most of us!

  2. 2 Rafael Barrera May 6, 2009 at 5:26 PM

    I agree. I hope It will have a positive impact on job recovery especially in the sort of predicament that we are in right now.

  3. 3 Rene Martinez May 6, 2009 at 10:18 PM

    Well i guess it may seem positive but the matter of the fact is that there is still A LOT! of people without jobs and how is that improving our economy when people are not getting any income still. I would still consider it to be a very free falling decline to me.

  4. 4 Leonardo Sanchez Econ 101 May 7, 2009 at 11:12 AM

    Yes the economy may seem to improve by fractions of %’s but the

    real case is that jobs are not really improving. i think it is

    positive to think the job recovery will soon if not very soon

    get better than worse. Only time can tell wheATHER WHERE IN In

    it for the long or short run.

  5. 5 wallacej May 7, 2009 at 7:10 PM

    Although it shed 491,000 jobs in April, which is relatively high and makes it hard for Americans to get jobs and maintain them. There is a brightside that the unemployment is lowering and hopefully improves as the years go on instead of going up. We will just have to see what happens!

  6. 6 Molly Jordan May 10, 2009 at 2:30 PM

    It sounds as though the media is trying to put all of our minds at easy. Unfortunately, the reality of it is that people are still out of work and people are still losing jobs. It will take a while for the economy to recover and it is just part of the business cycle. Hopefully the economic recovery will be sooner rather than later.

  7. 7 phanh May 10, 2009 at 6:26 PM

    sucks that there is a big lost for a lot of people just hope that it will improve soon and will start to help people out

  8. 8 Andrew May 12, 2009 at 8:51 AM

    I think Molly has a good point. The media is probably trying to reassure consumers and investors to try to spend more by to help boost the economy, we just have so far to go to recover.

  9. 9 Matthew Dimech Econ-101 May 12, 2009 at 2:54 PM

    It is a long road to recovery and most of us will deal with it straight on. If the end of the recession is in site it will be a site for sore eyes. Plus, i wouldn’t mind the employment market stabalizing so i can stop worrying about getting laid off at my job.

  10. 10 Kelsey Ryan May 12, 2009 at 3:49 PM

    when the report might show a small increase or decrease in unemployment. the reality is, is that it will still take a while for our nation to return to its normal self.

  11. 11 Casey Kingdon May 14, 2009 at 7:12 PM

    Well, either the Recession is finally starting to lighten up, or the media is trying to calm everyone down about the whole situation. I think that it will not be as easy as just letting time bounce us back, although that is the reality of things. We have to keep working on finding jobs and the market will eventually do the rest.

  12. 12 tmt2 May 14, 2009 at 11:02 PM

    I think it’s too soon to get happy and feel secure. Although the number of layoffs are decreasing, there is still a considerable difference of the number of layoffs this year compared to last year. I think it will take a lot of time to become close to last year’s numbers again because the economy seems to be improving at a very slow pace.

  13. 13 annmarie minite May 16, 2009 at 4:30 PM

    I agree with tmt2, the media is really trying hard to assure us that things are turning around but, in reality we are hearing on a personal level the effects the reccesion is having on us by all our friends and family who are being directly effected. I wont feel assured until people start getting jobs and start making money again.

  14. 14 Robert LaVoy May 16, 2009 at 5:07 PM

    As more and more jobs are being lost each month, People are beginning to get worried about their own jobs and their own well-being. This effects the economy as a whole because it deters normal spending habits. On a good note, it seems that job loss per month is beginning to slow and this is a sign that the economy is turning around

  15. 15 nancy moussa May 17, 2009 at 7:58 AM

    I think that were just going to have to wait to see what happens. It is too soon to tell. People are only finding themselves working temporary jobs. Hopefully things will get back to normal and we will all have secure jobs and make good money again.

  16. 16 Ally S. May 18, 2009 at 12:10 AM

    Hopefully the outcome for Friday’s job report was a positive one, seeing as this report was potentially a big sign for our economic recovery. Due to the number of layoffs announced in April, which fell for three straight months, and the declining total of job losses, perhaps the economy can look forward to happier stock market days and an eventual increase in consumer confidence!

  17. 17 Andrea Nemeth May 18, 2009 at 2:28 PM

    I think its still a little to early to tell its going to take a little while for everything to slow down once we do start moving out of the recession. Right now people are still loosing their houses and jobs. once things start turning around for the better it will still take a while for the job losses to slow down and come around.it will be a slow process but im not sure were quite there yet.

  18. 18 Leticia Martinez May 18, 2009 at 6:28 PM

    Its good to see that the rate at which unemployment is increasing is in fact decreasing. This means not as many people are being laid off anymore. We need to start somewhere and getting rid of people’s fear for their jobs is a giant step to making sure the economy stabilizes because people’s positive expectations for the economy will increase the demand for goods.

  19. 19 Santi Orona May 18, 2009 at 10:31 PM

    The facts are positive because the number of people being laid off is dropping. This may be a good sign for our economy. If these trends continue, our economy may be able to recover. That being said, there are still a lot of people being laid off. Hopefully the numbers can continue to fall.

  20. 20 Rachel Sturm May 19, 2009 at 4:48 PM

    While the unemployment rate is dropping, that doesnt mean that this is the time to get over our heads. If we are not careful now, the unemployment could skyrocket again. We, as a nation, must continue to slowly build up from this recession. A gradual building will help to insure that we create this economy so that it will withstand the market fluctuations and the world pressures.

  21. 21 jordan May 20, 2009 at 2:49 PM

    Any change in the rate of unemployment is a good thing at this point. I agree with the comments above, having people lose some of that fear toward being laid off would be a big improvement for everyones outlook. The sooner we get the economy back to stable ground, our unemployment troubles should ease as well.

  22. 22 Alyssa McKinney May 20, 2009 at 7:59 PM

    How exactly is the consensus reached? How do we know that, at what rate, is job loss acceptable?

  23. 23 Javier Ochoa May 20, 2009 at 8:43 PM

    Since there is a lot of people that fear the future, like myself, the media might be trying to get people’s hopes up. The ratings might show that there is a change but lots of people still do not have jobs. Its something that people should not get too confident in, but still never lose your hopes.

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