Posted on 06/01/2007 5:39:47 AM PDT by farlander
The number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May on a surge of hiring in service businesses while hiring in the factory sector continued to decline, Labor Department data showed on Friday.
The total of new jobs in May handily outstripped Wall Street economists' forecasts for 130,000 jobs and fit with other recent evidence that the pace of economic activity was bouncing back from a soft patch in the first three months of the year. It may also raise fears about the possibility that tight labor markets will fan wage and price pressures.
The monthly unemployment rate was unchanged at 4.5% in May.
(Excerpt) Read more at cnbc.com ...
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It is double that in Michigan, on average--in some cities it is much higher. Standard & Poor dropped our state's credit rating again, yesterday. Now only California and Louisiana have worse credit ratings than the mitten.
If my state's gubmint does not begin to seriously consider "right to work" legislation, there won't be a job left here.
You are exactly correct.
The shape of things to come to CA. They’re nuts over there, with all their ‘freebies’ mandated by law.
You have all the right to work you need right here in South Ontario (AKA Michiganistan). That is to say the right to work part time for the socialist unions and the rest of the time for the socialist goobenor. If you don't like it you can go on the dole or leave.
/sarc
/humming of Stan Rogers "The Idiot"
And yet Bush43’s tax savings and what he did to clean up Wall street after what Clinton left get so little support even around here.
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