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| Home Front: Politix |
| Great Employment numbers for May & Apr revised upward |
| 2004-06-04 |
| EFL - I took the BLS release rather than the news service stuff Nonfarm payroll employment rose by 248,000 in May, and the unemployment rate was unchanged at 5.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The May increase in payroll employment follows gains of 346,000 in April and 353,000 in March (as revised). Job growth in May again was widespread, as increases continued in construction, manufacturing, and several service-providing industries. this may get drowned out in the news given the meeting with the Pope and Tenet’s resignation but in the longer term its probably more important |
| Posted by:mhw |
| #11 Of course now Kerry is claiming that the jobs that are being created are not the high paying jobs. These guys are so tired and this line sooooo predictable. Saying it just makes him look stupid (er, more stupid). |
| Posted by: remote man 2004-06-04 2:34:26 PM |
| #10 no , no, no! this just cannot be true - ole teddy and skerry told me that the economy sucks and that the recovery is jobless - ya know that outsourcing thing... ala hienz |
| Posted by: Dan 2004-06-04 2:11:00 PM |
| #9 it makes a John Edwards vice presidential nomination less likely. Kerry already despises Edwards Dang now thats (no sarc) interesting. I think Edwards still would be the strongest VP for Kerry even tho he might not carry his own state. |
| Posted by: Shipman 2004-06-04 12:15:29 PM |
| #8 Herbert Hoover! HERBERT HOOVER!!!! |
| Posted by: Tibor 2004-06-04 11:59:42 AM |
| #7 Jobless recovery! JOBLESS RECOVERY!!!! |
| Posted by: Bomb-a-rama 2004-06-04 10:47:09 AM |
| #6 Kerry's so vain, he wouldn't want anyone with more charisma on the ticket...that narrows the VP choice to a bag of hammers or a bag of doorknobs |
| Posted by: Frank G 2004-06-04 10:36:26 AM |
| #5 Chuck - I realize some people like the household survey more than the employer survey (the latter shows a net loss in jobs since Bush was sworn it) but most people think the employer survey is more accurate. Politically, I think one impact of the continued job growth is that it makes a John Edwards vice presidential nomination less likely. Kerry already despises Edwards (at least I take that based on Kerry's body language during debates with Edwards) and since Edwards's only good lines are the 'two Americas' and "bad nafta" type stuff, I think his chances look worse and worse. |
| Posted by: mhw 2004-06-04 10:25:52 AM |
| #4 I think that it becomes impossible to calculate the unemployment rate when it get below 5.6 or 5.5 based on the economic model they use. So 5.6 holding steady is probably the correct number. |
| Posted by: Cyber Sarge 2004-06-04 10:20:01 AM |
| #3 Drowned out? How about outright killed? Here is how ABCNEWS.COM bills it: Unemployment Rate Holds Steady as Employers Add 248,000 Jobs |
| Posted by: CrazyFool 2004-06-04 9:54:02 AM |
| #2 At the end of January 2001, the start of George Bush's first term, there were 137,790,000 people employed in the United States. At the end of April 2004, there were 138,772.000 people employed, a gain of 982,000 people employed. From the depths of the Clinton recession to the end of April 2004 3,057,000 people have found jobs. THIS IS GOOD NEWS! |
| Posted by: Chuck Simmins 2004-06-04 9:38:49 AM |
| #1 Likely headline: "May Job Growth Down 28% From April, Say Gov't Sources" Gotta remember, the sky is ALWAYS falling when a Republican president is in office. |
| Posted by: Dave D. 2004-06-04 9:10:20 AM |