« Wow, they're still at it! | Main | Hail to the Chiefs »
April 02, 2004
Good news and bad news
U.S. job growth jumps after months of weakness - Apr. 2, 2004
On the other hand, the unemployment rate, which had been falling (mostly because of people giving up and leaving the workforce, not because of job creation) went up a point to 5.7 percent. That won't continue if job creation in future months matches March, though.
Posted by Mac Thomason at April 2, 2004 09:17 AM
Trackback Pings
TrackBack URL for this entry:
http://www.bravesbeat.com/mt-tb.cgi/5775
Comments
The unemployment rate means jack shit because discouraged workers aren't counted as unemployed, a very poor measure of economic health.
Posted by: andrew R at April 2, 2004 03:10 PM
I think the addition of those striking grocery workers in California pushed this from kinda promising into let's gloat terrirory. Of course, with Bush and Co, it's always reason to gloat.
Posted by: Buck at April 2, 2004 05:29 PM