You guys are brainwashed....Stops dealing in a fairyland world and deal with the facts.
Could you imagine what the US would be like had Gore been in office.....We'll I'll tell you.....Bin Laden would still be flying planes into our buildings because Gore would be waiting for 12 years to get approval from the UN just like Saddam pissed on the UN for 12 years. 50% of everyone's income would be going to fix the recession, instead of people getting money back.
Deal with this fact!!!!!!! That's right I said fact!!!!! Start dealing in reality people....COME ON!
Payrolls Surge, Unemployment Dips to 5.6 Percent
Friday, May 07, 2004
WASHINGTON — Employers added 288,000 jobs to their payrolls in April as the nation's unemployment rate slipped to 5.6 percent, reinforcing hopes for a sustained turnaround in the jobs market that had lagged for so long.
Payrolls have risen now for eight straight months, with 867,000 new jobs created so far this year, the Labor Department (search) reported Friday. The strengthening jobs market comes just in time to aid President Bush's re-election efforts, which were in question a few months ago based on his economic record.
"I'm officially declaring the jobless recovery dead," said Ken Mayland, president of ClearView Economics. "I think we are now on a path of what will be substantial job gains."
The Bush administration was widely criticized for an overly optimistic forecast that 2.6 million new jobs would be created this year. Economists now say the chugging economy could get close to that mark.
"I don't think these two months of big increases are a flash in pan," Mayland said of April's job growth and the revised 337,000 new jobs in March.
In the report, hiring was widespread last month, with the service sector leading the way. Professional and business services employment rose substantially, by 123,000. In that category, gains were in employment services, including temporary help firms, services to buildings and dwellings, management and technical consulting services and architectural and engineering services.
The nation's struggling factories also appear to be turning around. Based on Labor Department revisions, the manufacturing sector added jobs for three straight months, including 21,000 in April. For the year, manufacturing payrolls are up by 27,000 overall.
The U.S. unemployment rate (search) fell 0.1 percentage point to 5.6 percent last month, after reaching a high of 6.3 percent in June 2003 during the economic slowdown.
Revisions to payrolls also showed a stronger jobs market than previously reported. Last month's 308,000 payroll gains were revised up to 337,000. April's showing surprised analysts, who had expected payrolls of about 180,000 to 200,000.
The economy has rebounded strongly, but companies, under intense pressure to compete globally, have been holding down their costs by working employees harder instead of hiring new ones. That appears to be changing, though critics note that job gains are occurring in the lower-paying service sector at retailers and restaurants, and in temporary employment firms.
The Federal Reserve (search) decided Tuesday to hold a key interest rate at a 46-year low of 1 percent, saying said such low rates along with productivity gains are helping to support economic activity.
But the strengthening jobs market leads economists to anticipate the first rate increases in more than four years will start this summer, probably in August, and will come in the form of one-quarter of a percentage point rises in the federal funds rate.
Other gains in April occurred in retail at building and garden supply stores, general merchandise stores and motor vehicle and parts dealers. The leisure and hospitality sector also added jobs, especially in the category of food services. Hiring also continued to be strong in health care and social assistance for the month.
Here's another FACT!!!!
Jobless Claims Fall Sharply
Thursday, May 06, 2004
WASHINGTON — The number of Americans filing initial claims for jobless pay dropped last week to the lowest level since October 2000, the government said on Thursday, in a better-than-expected report offering more good jobs news on the eve of the April employment report.
First-time claims for state unemployment benefits shrank 25,000 to 315,000 in the week ended May 1, the Labor Department (search) said. It was the third straight week of declines and highlights the picture of an improving labor market.
Wall Street analysts had forecast a slight fall in claims to 335,000 from a revised 340,000 the previous week. This had been initially reported at 338,000.
April non-farm payrolls (search) are set for release at 8:30 a.m. EDT and are forecast to show 173,000 new jobs created. That would be a marked moderation from March, when 308,000 were added, but still evidence that labor conditions are tightening.
Last week's jobless claims data will make no difference to the April report, which was drawn from a survey in the middle of last month.
In addition to lower initial claims, the four-week moving average of filings, which smooths weekly fluctuations to provide a better picture of underlying trends, retreated by 3,750 to 343,250.
Also, the number of unemployed on the benefit rolls after claiming an initial week of aid dropped 69,000 to 2.935 million in the week ended April 24, the latest for which figures are available. This was the lowest since June 2001, in the middle of the recession, when 2.933 million people were drawing unemployment insurance.
The drop was a potentially positive development since the number had been indicating that while the pace of layoffs had slowed, firms were still not rushing to hire new workers and instead had been utilizing greater productivity to meet higher demand.
I'm sure you will come back with "facts" from some other web sites nobody has ever heard of.
It's sad that you guys forget what happened to our country on September 11th, 2001.
