Remember that if Clinton was president the lead in line would read
"EMPLOYERS ADD 112,000 NEW JOBS!!!!!!!!!." You sick libs pray for
failure because you want everyone else to be ****ing losers like you.
Harry
Hope is my *****.
John
Unemployment Rate Holds Steady in June
July 2, 2004 08:05 AM EDT
WA****NGTON - Employers hired less help in June than economists anticipated
-
112,000 new payroll jobs - and the unemployment rate remained unchanged at
5.6 percent for a third straight month.
June's payroll increase, nonetheless, was the 10th straight month of
gains,
the Labor Department re****ted Friday. In advance of the re****t, analysts
had
forecast a rise of at least 250,000 in payroll employment as another sign
of
renewed strength in the labor market. Payrolls in April and May also were
revised down slightly from the big gains previously re****ted by the Bureau
of Labor Statistics.
The overall, seasonally adjusted civilian unemployment rate has stayed at
5.6 percent all year, except for March, when it rose to 5.7 percent.
Economists expect the rate to slowly decline throughout the year. But job
growth first must absorb all of the people returning to the pool of
available workers. Last month, the labor force grew by 305,000.
Jobs and the economy are major issues in this election year, and President
Bush has been counting on continued employment growth to boost his
re-election prospects. One obstacle he faces is convincing Americans that
their job prospects are truly brightening.
Evidence of a strengthening labor market and the specter of new
inflationary
pressures prompted the Federal Reserve on Wednesday to raise interest
rates
for the first time in four years. The quarter-point increase was the first
change since the funds rate was cut to a 46-year low of 1 percent in June
2003.
That had marked the 13th Fed rate cut in a series that began back in
January
2001 as the central bank battled to jump-start an economy staggered by a
series of blows, from a plunging stock market and the 2001 recession to
terrorist attacks and two wars.
In the re****t, the health care and social services industries continued to
add jobs, growing by an overall 30,000 in June. Employment in professional
and technical services rose by 23,000 - led by continued gains in
tem****ary
employment firms.
Temp firms have added 306,000 new jobs since April 2003, providing some
ammunition to critics of the Bush administration's economic policies.
Democrats and others have contended that the recent surge in hiring is
occurring in industries that pay far less than the 1.2 million jobs that
were lost since Bush took office.
Trans****tation and warehousing companies added 19,000 last month. In
retail,
clothing stores continued to hire, but home improvement and garden supply
stores did not. Neither did car dealers and auto parts stores.
Manufacturing employment also dropped by 11,000 after an increase of
75,000
in the previous four months. That improvement had ended a nearly
three-year
jobs drought.
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Let the name calling begin!!! (its all you libs have)
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Let the name calling begin!!! (its all you libs have)
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