Friday, June 04, 2004

Heh.

Job growth still strong at 248,000

Payroll growth in April and March was revised higher by a total of 74,000 jobs. In the past three months, the economy has created 947,00 jobs, the best three-month gain since the summer of 2000.

So far in 2004, the U.S. economy has created 1.2 million jobs, an average of 238,000 jobs a month, after shedding 2.7 million between March 2001 and August 2003.

According to a survey of 400,000 business establishments, job growth was widespread across industries. Over the past three months, 75.4 percent of 278 industries have added workers.


I'm not sure why a random month like March 2001 was used for the jobs analysis above, but perhaps including February when Bush was already in office would have made the numbers slightly better.

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