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04/06/2007 05:25 PM ID: 61594 Permalink   

180,000 Jobs Added in March

 

Unemployment rate has dropped in the U.S. in March to 4.4 percent due to close to 180,000 jobs have been added. This indicates an interestingly good performance despite the sluggishness of the U.S. economy.

The Labor Department on Friday said that the boost in jobs is the largest since December. The rate dropped from 4.5 in February and matches the unemployment rate of October 2006, which was the lowest rate in five years.

The chief economist at John Hancock Financial Services, Bill Cheney said, "There's been worry that housing troubles would seep into the rest of the economy and hurt jobs but that is not happening now."

 
  Source: story.news.ask.com  
    WebReporter: Jon_Hall Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  4 Comments
  
  Perhaps...  
 
Circuit City didn't get this memo...
 
  by: Jon_Hall     04/06/2007 05:33 PM     
  What  
 
Are they now counting all of the outsourced jobs as American employment?
 
  by: Jediman3     04/06/2007 07:20 PM     
  Not in my State  
 
We still have one of the greatest losses of jobs. And as for the unemployment rate they only count the people getting unemployment not the ones that run out of it and are still jobless.
 
  by: TaraB     04/06/2007 08:22 PM     
  cook the books  
 
Yeah right. How convenient that the October numbers magicly appeared. In a few reports they use the number of classifieds in a few periodicals, etc. This INCLUDES the BS work at home and MLM jobs you see on craigslist and backpage, which are as we know, not jobs at all. Take surveys, get paid! What a bunch of baloney. The methodology used to compile these figures are widely varied from state to state and some don't count those ineligible for benefits after there pittance runs out.
Hardly an accurate assesment. In the bigger picture...what are we going to do with all those fries?

@jediman

yes...
some use the reports of a companies employee census without verifying the Sec 125 status or geographic location. With the prevalence of temp agencies and contract employment this is even harder to track. You could put "40 new contract employees" without saying the are in Bombay instead of Boston.
 
  by: machiavelli     04/07/2007 05:01 PM     
 
 
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