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| Payrolls Surge; Unemployment Dips |
| 2004-05-07 |
| EFL U.S. employment surged for a second straight month during April, adding another 288,000 to payrolls, as jobs were created in nearly every sector at a pace that handily outstripped expectations, a Labor Department report on Friday said. Adding to evidence a revitalized labor market may take some sizzle from the jobs issue ahead of November presidential elections, the government revised up its estimates for job creation in both February and March. Kerry will probably ask Bush to resign. |
| Posted by:Dragon Fly |
| #6 damn proud, yes, because the Feb and Mar numbers were adjusted |
| Posted by: mhw 2004-05-07 12:44:30 PM |
| #5 Anyone know if Paul Krugman's cat's OK? |
| Posted by: Robert Crawford 2004-05-07 11:57:14 AM |
| #4 The most recent manufacturing number showed increase in manufacturing employment over the last 3 months, speeding up each month. Not just last month. |
| Posted by: Damn_Proud_American 2004-05-07 10:42:56 AM |
| #3 "There was actually a gain in manufacturing jobs" I guess Lou Dobbs can sleep a little easier tonight. |
| Posted by: Dragon Fly 2004-05-07 9:07:58 AM |
| #2 the detail BLS report is at: http://stats.bls.gov/news.release/empsit.nr0.htm Notably, there was actually a gain in manufacturing jobs for the first time in many, many months. If the jobs gain had been, say 400k instead of the 288k, the Fed would probably be under pressure to jack the prime up by 50 basis instead of 25 in their June meeting. All in all, this report was about as good as anyone could wish for. |
| Posted by: mhw 2004-05-07 8:58:04 AM |
| #1 Yes, but do all those jobs pay $140,000 a year for not showing up - like my Senatorship? I think not! The President owes an apology to all Americans who don't get paid $140K to not show up! It's called a Living Wage...unless you've managed to marry a fine |
| Posted by: John Kerry 2004-05-07 8:57:36 AM |