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| Home Front: Economy |
| Great Jobs Numbers in latest surveys |
| 2005-05-06 |
| From the Payroll survey: Nonfarm payroll employment increased by 274,000 over the month. Job growth was widespread, with gains in construction, mining, and several service-providing industries From the Household survey: Total employment grew by 598,000 in April to 141.1 million, and the employment-population ratio--the proportion of the population age 16 and over with jobs--edged up to 62.6 percent. The civilian labor force increased by 605,000 in April to 148.8 million; the labor force participation rate, at 66.0 percent, also was up over the month. If the MSM wants to spin these into a negative, the way to do it will be to say that the numbers will lead to more inflation, higher interest rates and a more difficult time curtailing gasoline use. |
| Posted by:mhw |
| #2 I suspect it has more to do with attitudes than linguistics. The Germans and French have turned inward looking for security. The Anglos are looking outward, willing to take risks to make gains. 20 years ago the Irish and Indians would have been in the same boat as the French and Germans. But they've had an attitude adjustment, thanks to Russian failure and Chinese success, and now they're growing too. It's not hard, just a little uncertainty. In the French case you get uncertainty at the macro level and certainty at the micro level, at least for a while and with the Americans you get certainty at the macro level and uncertainty at the micro level |
| Posted by: Mrs. Davis 2005-05-06 11:24 |
| #1 There is something interesting happening in the world economy. The USA, Australia and the UK are enjoying record levels of employment while the Eurozone, notably France and Germany have record levels of unemployment. As globalization progresses, speaking the global language has its advantages. |
| Posted by: phil_b 2005-05-06 09:43 |