Posted on 04/06/2007 8:22:53 PM PDT by SunkenCiv
Businesses took on 180,000 more workers in March, only slightly short of the 200,000 per month average during the last two months. The unemployment rate fell by 0.1 percentage point to 4.4%, equaling its level of last October. Joblessness hasn't been lower since May 2001, just before the last recession. Wages also continued their recent upward march. Average hourly earnings of production workers advanced six cents to $17.22, and have risen 4% over the past year. Average weekly earnings rose even faster -- 4.4% during the year. Investors, facing the combination of a tighter jobs market and potentially inflationary wage increases, concluded that the Federal Reserve would not reduce interest rates any time soon.
(Excerpt) Read more at latimes.com ...
I don’t think this story had made it to FR when I posted this. If it has, my apologies.
Employment numbers decline) But Easing Worries
Iinvestor’s Business Daily | 12 March 2007 | SCOTT STODDARD
Posted on 03/12/2007 7:32:23 PM EDT by shrinkermd
http://www.freerepublic.com/focus/f-news/1799756/posts
The recession started during Clinton's last year in office. It was his recession, not Bush's. Stating that the recession started after May 2001 is a blatant lie.
...and the media shills went along with Clinton’s “it’s the economy, stupid” slogan — yet when the consecutive weeks of recovery were trumpeted during that dark eight years, doing the math resulted in a recovery beginning under the elder Bush administration. When the stock market bubble burst, Clinton was still president, hoping that his thugs in the MSM could convince everyone that Monica’s dress didn’t exist.
I’m a recruiter for a large eyeglass manufacturing & retailing company. Just at my factory in Dallas we’re hiring dozens of new workers and adding positions all the time. There’s nothing wrong with this economy and really hasn’t been since the short 9/11 recession. Anyone willing to work in Dallas/Fort Worth could snag two or three jobs.
That’s right, I ought to know. I was laid off in February 2000, the same week that the Justice Department indicted Microsoft, so I tell people I was one of the first victims of the high-tech bust that year. For the rest of 2000 I found nothing but short-term temporary work. Still, while I was talking about a recession starting, the media didn’t say a word about it, until after the vote-counting from the 2000 election was over.
Likewise, we had a recession just before Bill Clinton was elected. The boom of the 1990s was longer than most, but Clinton showed us that the economy still runs in cycles.
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