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| Home Front: Economy |
| US Employment up 112,000 or 483,000 |
| 2004-12-03 |
| As has happened before the household survey shows a far bigger job increase than the payroll survey (last month the payroll survey was bigger however). Employment rose in November, and the unemployment rate, at 5.4 percent, was essentially unchanged, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Nonfarm payroll employment increased by 112,000 over the month, with job gains in several service-providing industries. Unemployment (Household Survey Data) Both the number of unemployed persons, 8.0 million, and the unemployment rate, 5.4 percent, were about unchanged in November.... Total employment in November grew by 483,000 to 140.3 million...the proportion of the population age 16 and over with jobs--edged up to 62.5 percent. The civilian labor force rose by 439,000 in November to 148.3 million... It turned out that the economy matter less than I expected in the election. Partially because this was the one area in which the MSM actually pointed out Kerry's errors and misleading statements after the 2nd debate. However, an increase in the total number of jobs is vital if Bush's economic initiatives are to succeed and for the growth in the national debt to decrease. |
| Posted by:mhw |