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Great Jobs Numbers in latest surveys
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 industriesFrom 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 2005-05-06 |
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