Friday, April 07, 2006

Great job news

Despite the press's insistence on highlighting that "wage raises were slim in March," the Department of Labor's jobs report released today showed that another 211,000 new jobs were created last month. That's 2.1 million new jobs over the last year and over 5 million new jobs since August 2003. Unemployment is at 4.7%, matching a 5-year low (despite some small downward revisions to January and February's jobs numbers).

That's good news. It shold be reported as such.

Update: I'm glad to see that the White House is trumpeting this good news. An not surprised to see that some Democrats are still playing the gloom and doom game.

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