November 07, 2003
It's the economy, stupid
Stronger U.S. economic growth
has begun to bolster the nation's weak labor markets, with the number of payroll jobs up in each of the past three months and the unemployment rate falling to 6 percent, its lowest level since last spring, the Labor Department reported this morning.
A total of nearly 300,000 new jobs have been created in the last three months.
Posted by Stefan Sharkansky at November 07, 2003 05:47 PM
Manufacturing jobs are down, but the productivity numbers are white-hot. I like it, but my (very non-expert) opinion is that it won't last.
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Yipee, now we're only 2.4 million jobs short of where we were in March 2001. Way to go George! At this rate (300,000 jobs in 3 months) will be even in only 2 years. Of course, we'll have added a few million people to the work force by then, so we'll still have high unemployment, but who cares?