Posted on 04/06/2007 6:03:27 AM PDT by shrinkermd
U.S. payrolls jumped last month and the jobless rate fell, boosting the odds of moderate, consumer-driven economic growth and lowering the chances of any near-term reduction in official interest rates.
Outside of manufacturing, payroll gains were broadly based, with construction and services posting healthy increases. Previous months' employment increases, meanwhile, were revised up.
Nonfarm payrolls increased 180,000 in March, up from a revised 113,000 in February and 162,000 in January, the Labor Department said Friday. Those months were previously reported as increases of 97,000 and 146,000, respectively.
The unemployment rate fell 0.1 percentage point to 4.4% last month, matching its lowest level since May 2001. Average hourly earnings increased six cents, or 0.3%, to $17.22. That was up 4% from a year earlier, suggesting wages remain an inflation risk.
March's payroll gain exceeded Wall Street expectations of a 142,000 rise. Economists had expected a 4.6% unemployment rate and 0.3% rise in wages.
(Excerpt) Read more at online.wsj.com ...
Who will be the first imbecile on the left that will attempt to equate this with the newly installed Democrat Congress?
How about that upcoming recession! /s
Excellent news.
How many of this jobs were filled by illegals?
Bush’s Fault............Who’s Bushes?.......
The MSM of course!.......The Perky one........
Not really. The Federal Reserve will hate it, and they will punish all of us in spite.
Ok then it is terrible news! (extreme sacrasm).
The patrons of the MSM are sure testing Greenspan Jr.'s testosterone levels in their insistence he lower rates yesterday.
I don't get it. During the 1970's inflation went up and so did unemployment. During the Reagan recovery inflation went down and so did unemployment. Yet the Federal Reserve still insists that the relationship between the two is the exact opposite.
Woooooooo
Hooooooooo
Bush’s fault, yet again (but of coures he won’t get cedit for it.........)
Worst Economy since Hoover!!!
We’re still doomed!!!!
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