Dohiyi Mir
    In Which NTodd Says His Peace

Friday, April 02, 2004
Go to the new DM blog.


Preliminary Good Job News


Are things looking up? The Bureau of Labor Statistics reports that 308k jobs were created last month. That's a nice number, and even above what the Bush administration has promised (306k per month). Across the board the figures were positive (well, 'cept for manufacturing which was unchanged). In short, the preliminary numbers are good.

I'm pleased by the trend, but I still have concerns about a few things1:
And while the official unemployment rate remains "essentially unchanged" at 5.7% (actually up a tick from Feb, but what's the difference?), if you look at unemployment, marginal attachment and forced part time work, the rate has bounced back up from 9.6% in February to 9.9%. That's the same as January (Table A-12).

Apologies to the winger trolls who will chastise me for insufficient enthusiasm, or accuse me of looking for bad economic news to improve Kerry's chances in November, but I can't see one month of barely hitting BushCo's predicted job creation level being a lot to crow about when other significant numbers do not show positive trends. I wish Bush's tax cuts would work, but they don't appear to be having the promised impact. And I await the revised numbers next month to see if this good news endures.

ntodd

1 - Historical comparisons from archived A table data. 
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A non-violent, counter-dominant, left-liberal, possibly charismatic, quasi anarcho-libertarian Quaker's take on politics, volleyball, and other esoterica.

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