KeyLargoBlog

Key Largo, some politics and such.

Name:
Location: Key Largo, Florida, United States

Saturday, November 13, 2004

Octobers Jobs report

Some interesting numbers came out of the Octobers Job reports which showed 337,000 new jobs. This is the most in seven months and nearly twice as many as the experts predicted. I wonder what Krugman will say? Nothing worthy that's for sure. Consider this, after totaling the 133,000 added in August and September job growth this year now totals 1.982 million new jobs. There is one more thing, it appears that the government has been undershooting jobs by at least 236,000 for the past year or so. Add that and you get a different picture entirely with some 2.2 million jobs created or about 220,000 a month. If we have two more months of that average type job growth we will have approximately 2.6 million jobs created this year. What's up with that, because during the 2004 election all you seemed to hear is how bad the economy is failing and all the jobs have gone overseas, but it just doesn't appear to be that way.

0 Comments:

Post a Comment

<< Home