"The Kerry Miracle!"
That's doubtless how this news would be reported if a hundred thousand votes had gone the other way in Ohio.
2004 Job Creation Was Highest Since '99U.S. employers added 157,000 workers overall to their payrolls in December, bringing the year-end total of new jobs to 2.2 million, the best showing in five years. The unemployment rate held steady at 5.4 percent.
The Labor Department reported Friday that the 2.2 million new jobs created in 2004 were the most in any year since 1999, when employers added 3.2 million positions, based on a government survey of businesses.
Comments
That's really great news. Does this mean that there was a net gain of jobs then during the first term?
Posted by: K | January 7, 2005 09:44 AM
According to today's Bloomberg.. "the economy gained an average of 23,600 jobs a month since the current expansion started in November 2001, compared with an average monthly gain of 198,000 during the 1991-2001 expansion."
Most people I know, both here and elsewhere, are still very scared to keep their job as just yesterday there were more layoffs where I work (and our company is expanding, supposedly doing very well.) One day you're working twelve hours, the next morning a security guard is waiting for you to arrive.
Glad you're doing OK, though.
Posted by: PE | January 7, 2005 09:55 AM
K, I believe so, although just barely.
Posted by: Barry N. Johnson | January 7, 2005 10:16 AM