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Unemployment down to 4.7%!

by Evie / April 7, 2006 10:22 AM PDT

Consumer confidence up!
Consumer Confidence in Economy Improves

U.S. March payrolls rise, unemployment rate dips

I found this part interesting:
Evidence of tightening labor markets after more than 2-1/2 years of unbroken monthly gains in hiring has sparked worry about potential inflationary wage gains, which might force the Federal Reserve to push interest rates up to contain them.

''I think the Fed wants the unemployment rate to stop going down pretty much immediately, and if it doesn't the Fed will keep tightening,'' said economist Jim O'Sullivan of UBS Securities in Greenwich, Connecticut.
{underlined emphasis mine}

If I'm reading this correctly, the low unemployment is forcing wages up. Can't have any of that so the Fed has to interfere?

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BUT,
by duckman / April 7, 2006 10:43 AM PDT

They aren't high paying jobs, most of America has to work 3,4,5 even 14 minimum wage jobs just to pay for the Bush tax cuts for the rich

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And what %age of new jobs carry health benefits, Evie...
by Dave Konkel [Moderator] / April 7, 2006 1:23 PM PDT

given that most are in the "service industry?" I'd guess less than 25%...

-- Dave K, Speakeasy Moderator
click here to email semods4@yahoo.com

The opinions expressed above are my own,
and do not necessarily reflect those of CNET!

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You're probably WAY off
by Evie / April 7, 2006 1:40 PM PDT
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But how much does that health insurance cost?
by Diana Forum moderator / April 7, 2006 2:12 PM PDT

The three places I work have health insurance for 100-150 a month for one but working part-time doesn't give much in the way of extra income. Even the health benefits have a good size deductible and co-pay.

Diana

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My husband and/or I ...
by Evie / April 7, 2006 9:42 PM PDT

... have been contributing towards our healthcare since the early nineties. The concept of purchasing health insurance is not a new one. Full timers at WalMart premiums start at under $40/month. The folks I know in my area that work part time in retail are doing so as a second job and have benefits through a spouse or other full time employment. Why don't you get one full time job in retail? $100/month is really not that much to expect to pay for healthcare.

Or are the "service" jobs now jobs that ''Americans won't do'' because they don't get paid enough??

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MacDonald's is a service job,
by Dave Konkel [Moderator] / April 8, 2006 7:28 AM PDT

and it sure doesn't pay enough, Evie.

The major problem with health insurance isn't really the premiums (though even they can be too steep for those ''covered'' at the low end of the scale). The real problem is that in the last 10-15 years, the level of co-pays have syrocketed right along with premiums. Overall (whether by employer, employee, or a combination) more and more is paid for less and less. It's not that way in other countries, which is why our health care system is rated so poorly both by the WHO study (the 40's to the 70's, depending on the particular metric used) and by the recent domestic study (published in the NE J. Med) that's already been discussed here. As I recall, you disbelieved those two reports, as well.

BTW, what many places do to save their benefits costs (Wal-Mart being a major example) is to split a single full-time position into two halves, and only provide meaningful benefits to full-time workers. The term here is ''underemployed;'' however, the current Administration rarely acknowledges, much less discusses, the stats on underemployment in the economy -- in fact, Bush et al. try to imply that such stats don't exist because they're ''unreliable'' due to lack of a consensus metric.

-- Dave K, Speakeasy Moderator
click here to email semods4@yahoo.com

The opinions expressed above are my own,
and do not necessarily reflect those of CNET!

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The fact is ...
by Evie / April 8, 2006 7:50 AM PDT

... the jobs are not BY A LONG STRETCH jobs flipping burgers.

If you are so concerned, why not pay the premium for your fellow moderator? Can't think of a better cause for the compassionate!

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I told you
by duckman / April 8, 2006 9:22 AM PDT
In reply to: The fact is ...

they would come up with gobbidy goo reasons that this isn't good. And of course, durin President p_enis in her mouths terms, ALL jobs created had full health care and fully funded pensions included

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Yes you did!
by Evie / April 8, 2006 9:47 AM PDT
In reply to: I told you

Scares me really those that pine for the "boom" economy under Clinton.:(

Evie Happy

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You mean the "boom"
by duckman / April 8, 2006 10:21 AM PDT
In reply to: Yes you did!

that was based on Enron and Worldcom type fraud?

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We thank you for...
by Edward ODaniel / April 8, 2006 6:29 AM PDT

providing full benefits to the fellow who mows your lawn for you Dave. Way to go!

Benefits are between the employer and the employee--don't like the benefits don't take the employment. Despite your evident and ardent desires ours is a Republican form of government, NOT a socialist form as you dream of.

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