U.S. Payrolls Jump 243,000

[wilycoyote]

Isn't it surprising that it is the leftists who always talk the economy down? They seem to wallow in the misery of millions as proof of the failures of capitalism and, predictably, whenever the cyclical recession hits they always jump onto the "OMFG MARX WAS RIGHT!!!!"" bandwagon, untill the next stage of massive improvements in productivity, technology and GDP per capita raise living standards further, untill the next crash where they repeat the same old crap. Capitalism continually improves and we have thought of better ways to reduce the damage of recessions on ordinary people and more importantly get the economy growing again!
Think of something better and viable which can fit our problems. Marx has FAILED.

What I don't get is how the same people that say libertarianism can't work, often hold communism as the obvious alternative. Yet, they share a fatal flaw. My thinking on it, I'll live happily with capitalism, they can live happily in whatever they want.

 

[aelf]

Isn't it surprising that it is the leftists who always talk the economy down? They seem to wallow in the misery of millions as proof of the failures of capitalism and, predictably, whenever the cyclical recession hits they always jump onto the "OMFG MARX WAS RIGHT!!!!"" bandwagon, untill the next stage of massive improvements in productivity, technology and GDP per capita raise living standards further, untill the next crash where they repeat the same old crap.

Dunno who you talking about.

Think of something better and viable which can fit our problems. Marx has FAILED.

Failed what?

 

[BasketCase]

Oh god not this again...

An increase in payrolls means NET jobs creation. I.e. more people found jobs than lost jobs. I.e. if you count all the people on every payroll in the country, there are 243,000 more people than last month.

Question: during that same month, how many new young school graduates entered the ranks of the eligible-to-hire? Remember, people are growing up and graduating (or dropping out of high school and looking for work at a gas station ). The nation needs to always be creating new jobs just to keep the unemployment rate the same.....if you create 100,000 new jobs, while at the same time 300,000 people join the labor-eligible population, you're actually falling behind.

 

[Monsterzuma]

Isn't it surprising that it is the leftists who always talk the economy down? They seem to wallow in the misery of millions as proof of the failures of capitalism and, predictably, whenever the cyclical recession hits they always jump onto the "OMFG MARX WAS RIGHT!!!!"" bandwagon, untill the next stage of massive improvements in productivity, technology and GDP per capita raise living standards further, untill the next crash where they repeat the same old crap.

you must not have been listening to a lot of Austrian school predictions in the last 3-4 years.