MORE JOBS

October 3, 2003

Comments

AP reports,

The nation’s unemployment rate held steady at 6.1 percent in September as businesses added to payrolls for the first time in eight months, suggesting that the weak job market could be stabilizing.

A survey of U.S. companies showed a net increase of 57,000 jobs last month, the Labor Department reported Friday, and there was new hope for recovery in the slumping manufacturing sector. Some 29,000 factory jobs were lost in that area, but that was considerably fewer than in previous months.

Economists had expected the overall civilian unemployment rate to rise to 6.2 percent and had anticipated a loss of 25,000 more jobs.

Hopefully, the trend will continue.

6 responses to “MORE JOBS”

Paul

October 3, 2003 at 1:19 pm

WHAT???/ You mean to tell me that increased employment is a trailing indicator during an economic recovery??

How amazing.

WOW! From what I read in your comments section I thought unemployment would never go down until Bush was dead.

I mean, all those economists kept saying the the market would go up then unemployment would go down but who would have really expected it. We had so many “experts” here telling us otherwise.

Ya learn something new every day.
Paul

October 3, 2003 at 1:21 pm

oops obviously the sarcasm overpowered my fingers above- That first line should say that DECREASED unemployment is a trailing indicator in a recovery.
JadeGold1

October 3, 2003 at 7:24 pm

Hardly a rousing recovery. At best, it’s treading water.

Think about this, Paul, while you celebrate this less than underwhelming economic news: if Dubya has this kind of job gain each and every month until the elections–he’ll still wind up as the first guy since Hoover to preside over a net job loss.
Little Miss Attila

October 3, 2003 at 8:04 pm

I’m not so sure Presidents can really help with economies–except by cutting taxes.