MORE JOBS
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Friday, October 3, 2003
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AP reports,
The nation’s unemployment rate held steady at 6.1 percent in September as businesses added to payrolls for the first time in eight months, suggesting that the weak job market could be stabilizing.A survey of U.S. companies showed a net increase of 57,000 jobs last month, the Labor Department reported Friday, and there was new hope for recovery in the slumping manufacturing sector. Some 29,000 factory jobs were lost in that area, but that was considerably fewer than in previous months.
Economists had expected the overall civilian unemployment rate to rise to 6.2 percent and had anticipated a loss of 25,000 more jobs.
Hopefully, the trend will continue.
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About James Joyner
WHAT???/ You mean to tell me that increased employment is a trailing indicator during an economic recovery??
How amazing.
WOW! From what I read in your comments section I thought unemployment would never go down until Bush was dead.
I mean, all those economists kept saying the the market would go up then unemployment would go down but who would have really expected it. We had so many “experts” here telling us otherwise.
Ya learn something new every day.
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oops obviously the sarcasm overpowered my fingers above- That first line should say that DECREASED unemployment is a trailing indicator in a recovery.
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Hardly a rousing recovery. At best, it’s treading water.
Think about this, Paul, while you celebrate this less than underwhelming economic news: if Dubya has this kind of job gain each and every month until the elections–he’ll still wind up as the first guy since Hoover to preside over a net job loss.
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I’m not so sure Presidents can really help with economies–except by cutting taxes.
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Good Job News
Or, at least, decent job news (for a change). James of OTBhas the story here, which I heard on the news this morning, and was going to blog myself, but he beat me to it….
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GOOD NEWS ON THE JOB FRONT
Looks like the job market is headed for an upswing, though the picture isn’t totally rosy:The Labor Department reported Friday that employers added 57,000 payroll jobs, reversing the long slide that has confounded a broader economic recovery. Job-loss …
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