Friday, May 07, 2004

It’s Employment Report time again! Here’s the rundown:

- 288,000 new jobs in April, far greater than the 180K forecasted.
- March report revised upward to 337,000 jobs, up from 308,000.
- Unemployment rate fell slightly to 5.6%.
- Strong hiring reported across most major sectors of the economy.

For all those keeping a running tally, that’s 822,000 new jobs created this year to date. Even if the pace of hiring cools as we head into summer, as it likely will, chances are the economy will add 2 million people to the payrolls before the year is out.

And to think, just 3 short months ago the Dems were claiming this economy was the worst since Herbert Hoover.

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