308,000 Jobs Created in March (UE Rate Up at 5.7%)

CNBC | April 2, 2004

[RWR8189]

308,000 jobs were created in March.

The unemployment rate held steady 5.7%

HUGE

[xzins]

5.7 is higher than 5.6.

But it doesn't change the fact that Pres. Bush's first term unemployment rate is LOWER than Clinton's first term unemployment rate.

That is a matter of BLS statistics.

[tort_feasor]

Exactly. Watch CNNABCNBCCBSNYTIMES Headlines "Unemployment Rate Up"

[MeekOneGOP]

The market analyst on my local D/FW radio 1080 KRLD-AM said this is a BLOWOUT number. The 'optimistic' number expected was appx. 125,000 jobs and he looks for the markets to go crazy. That was my gut feel when I heard the number too ! Yay !!!

Here is the AP report via The Dallas Morning News ....

Unemployment rate bumps to 5.7 percent in March

07:39 AM CST on Friday, April 2, 2004

Associated Press

WASHINGTON - The nation's unemployment rate bumped up to 5.7 percent in March while companies added 308,000 new jobs -- the most in four years, providing long-awaited evidence that the weak jobs market may be gaining steam.

The Labor Department report released Friday showed widespread hiring in industries across the economy at a time when President Bush's re-election campaign, counting heavily on a pickup in hiring, jumped into high gear.

For the first time in 44 months, the nation's factories did not shed jobs. But they weren't hiring either. March's figures show zero gains and losses for industries hammered by the economic downturn that began three years ago. The only sector losing jobs last month was information services, where companies cut about 1,000 jobs.

Revisions to payrolls showed a stronger jobs market than previously thought. Companies added 205,000 jobs in January and February, instead of the 118,000 reported last month.

The civilian unemployment rate, however, ticked up 0.1 percentage point from 5.6 percent in February. That occurred because more job seekers renewed their searches last month, but were unsuccessful.

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Online at: http://www.dallasnews.com/sharedcontent/dws/news/newthishour/stories/040204dnbusjobs.e688b939.html

[Queen of Excelsior]

In fairness to Mark on CNBC, before he asked about this being "too convenient", he did say it wasn't his personal opinion.

[AlbertWang]

My question is how many are truely unemployed? Unemployment rates don't include students or unemployed people that have given up searching for a job.

Also doesn't count Bums, Wino, Crack Whores, Panhandlers, Welfare cheats and other members of key Democrat voting blocks.

[rhombus]

My question is how many are truely unemployed? Unemployment rates don't include students or unemployed people that have given up searching for a job.

No doubt it is a silly figure but the Dems have staked their futures on this figure. The rates also don't include people who "gave up searching for a job" and went into business for themselves which after all helps us all to have more people creating wealth.

[syriacus]

They are saying unemployment is up 0.1%.

Do we know if it is up exactly 0.1%.

What is the actual rise in unemployment?

[Peach]

Read about how the European Union is applying higher tariffs in key states to keep unemployment high and to slow the economy.

Talon News (our Freeper Jeff Gannon has a seat at the White House) reports on this story as does Americans for Taxpayer Reform (www.atr.com has a great link where you can send letters to your congressmen regarding this matter.)

THIS is why Kerry is getting foreign endorsements.

http://209.157.64.200/focus/news/1105976/posts?page=1

[nutmeg]

My husband said Larry Kudlow was so happy this morning over the numbers, he actually did a "Howard Dean scream" on the air on CNBC! Darn, sorry I missed it. LOL

[jackbill]

In fairness to Mark on CNBC, before he asked about this being "too convenient", he did say it wasn't his personal opinion.

He can say that all he wants. If you watch him closely, as I have, he's ready to change his pants.

[Dr.Deth]

You pegged it. On CNBC, you will see the facts - that's why stocks are jumping. On MSNBCBSABC, the job-creation stat will be omitted and the fact that the unemployment rate did not decline will be played up. I guaran-damn-tee it.

[Miss Marple]

Yes, the Vast Right Wing Conspiracy of small business owners, corporate CEO's, and independent contractors all waited to hire people until they had marching orders from President Bush.

The Rats are simply nuts. There is no other explanation.

I am posting from my son's computer (babysitting during spring break) so I can't respond too much. This is excellent news and should shut up that annoying democrat trader on Cavuto's weekend show.

[JohnHuang2]

Bingo, my friend.

[JohnHuang2]

Yes, the Vast Right Wing Conspiracy of small business owners, corporate CEO's, and independent contractors all waited to hire people until they had marching orders from President Bush.

hehehehehe! I love it! ;-)

[jwalsh07]

I woke up this morning to a basement full of water, a burned out sump pump and my grandkids pool toys floating up the stairs but when I heard this I started LMAO.

Regards to hubby. :-}

[JohnHuang2]

Over here! ;-)

[The G Man]

LOL, sometimes the stars align.

All's we need now are a couple of drums of nerve gas found in some Presidential palace bunker in Baghdad and it's game, set, and match.

[MeekOneGOP]

Exactly. Watch CNNABCNBCCBSNYTIMES Headlines "Unemployment Rate Up"

ha! Add the AP to that and check out my post #83 ! ...

Unemployment rate bumps to 5.7 percent in March

[ShandaLear]

APRIL SURPRISE! :-)

[epluribus_2]

Dang. Do you actually work for the alphabet soup news orgs?