red states rule
10-05-2007, 07:48 AM
The Bush economy continues to roll along, with a good job numbers coming out this morning
This will be more bad news to the left, which continues to tell us how miserable things are, and how tax increeases are the only way to make all of us prosperous
September jobs report comes in strong, 110,000 added
WASHINGTON (Reuters) — Businesses added a solid 110,000 jobs in September and hiring in each of the two previous months was revised up significantly, the Labor Department said Friday, showing a more resilient labor market than previously thought.
The national unemployment rate edged up to 4.7% from 4.6% in August and was the highest since 4.8% in July 2006 because the size of the labor force increased. The payrolls data and the jobless rate are compiled from separate surveys.
Stock futures jumped on the report.
The September total for jobs created outside the farm sector was about what economists expected but it was overshadowed bythe big upward revisions in July and August hiring.
The department now says 89,000 jobs were created in August, rather than the 4,000 that it said were lost last month. It said 93,000 jobs were created in July instead of 68,000 it previously reported — a total of 118,000 more jobs in the July-August period than it had earlier estimated.
The reason cited for the reversal in the department's August hiring estimate — to a jobs gain instead of a loss — was that the government underestimated government employment, especially hiring of teachers to start a new school year.
The bulk of the gains in September hiring came in service industries, including an addition of 44,000 in education and health services and 37,000 in the government. In the goods-producing sector, another 18,000 manufacturing jobs were shed and 14,000 construction jobs were lost.
Copyright 2007 Reuters Limited. Click for Restrictions.
http://www.usatoday.com/money/economy/2007-10-05-september-jobs_N.htm
This will be more bad news to the left, which continues to tell us how miserable things are, and how tax increeases are the only way to make all of us prosperous
September jobs report comes in strong, 110,000 added
WASHINGTON (Reuters) — Businesses added a solid 110,000 jobs in September and hiring in each of the two previous months was revised up significantly, the Labor Department said Friday, showing a more resilient labor market than previously thought.
The national unemployment rate edged up to 4.7% from 4.6% in August and was the highest since 4.8% in July 2006 because the size of the labor force increased. The payrolls data and the jobless rate are compiled from separate surveys.
Stock futures jumped on the report.
The September total for jobs created outside the farm sector was about what economists expected but it was overshadowed bythe big upward revisions in July and August hiring.
The department now says 89,000 jobs were created in August, rather than the 4,000 that it said were lost last month. It said 93,000 jobs were created in July instead of 68,000 it previously reported — a total of 118,000 more jobs in the July-August period than it had earlier estimated.
The reason cited for the reversal in the department's August hiring estimate — to a jobs gain instead of a loss — was that the government underestimated government employment, especially hiring of teachers to start a new school year.
The bulk of the gains in September hiring came in service industries, including an addition of 44,000 in education and health services and 37,000 in the government. In the goods-producing sector, another 18,000 manufacturing jobs were shed and 14,000 construction jobs were lost.
Copyright 2007 Reuters Limited. Click for Restrictions.
http://www.usatoday.com/money/economy/2007-10-05-september-jobs_N.htm