Businesses Add 308,000 Jobs in March

Friday, April 02, 2004



WASHINGTON - U.S. employment rose last month at the fastest pace in nearly
four years, easily outstripping expectations, as workers returned after a
grocery store strike and construction hiring bounced back on better weather,
a government report on Friday showed.

The latest report from the Labor Department offered comfort to President
George W. Bush (search) as the jobs market - a hot political issue in the
U.S. presidential campaign - finally made a decisive break to the upside.

Non-farm payrolls climbed 308,000 in March, the Labor Department said, the
biggest gain since April 2000 and well above the 103,000 rise expected on
Wall Street.

The unemployment rate ticked up to 5.7 percent from the two-year low of 5.6
percent seen in January and February.

Upward revisions to January and February payrolls helped contribute to the
positive tone of the report, which could fuel expectations that the Federal
Reserve may be closer to raising overnight interest rates from their current
1958 low of 1 percent than had been thought.

The March rise in payrolls reflected the resolution of a labor dispute at
grocery stores in southern California that had idled 72,000 workers. The
department said the return of those workers helped fuel a 47,000 increase in
retail employment last month, but it did not quantify the impact.

Economists had said the return of those workers would boost payrolls, but
that the impact was hard to gauge because it was unclear how many temporary
replacement workers were being let go.

The report showed job gains were widespread across industries.

While a long-hoped for rise in manufacturing employment did not appear, the
department said factory payrolls were unchanged in March, finally breaking a
string of 43 consecutive monthly declines.

The Labor Departmentreport released Friday showed widespread hiring in
industries across the economy at a time when President Bush 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.

------------------------------------------------------------------------

January and February numbers revised upwards to 205,000.

That's 7 straight months of increases in the non-farm payroll employment
numbers...even if you're using the less-than-perfect Payroll Survey data
rather than the Household Survey data.

The economy has now added 513,000 jobs in the first quarter of 2004!

AND now for the REST of the story


"Companies add 308,000 jobs, but unemployment up"

http://www.salon.com/news/wire/2004/...bs2/index.html


NOYB wrote:
The Labor Departmentreport released Friday showed widespread hiring in
industries across the economy at a time when President Bush 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.

------------------------------------------------------------------------

January and February numbers revised upwards to 205,000.

That's 7 straight months of increases in the non-farm payroll employment
numbers...even if you're using the less-than-perfect Payroll Survey data
rather than the Household Survey data.

The economy has now added 513,000 jobs in the first quarter of 2004!

"Harry Krause" wrote in message
news:c3dhc2g=.e3173c7804238f91ecc7925a91375559@108 0916509.nulluser.com...
NOYB wrote:

Businesses Add 308,000 Jobs in March

Friday, April 02, 2004



WASHINGTON - U.S. employment rose last month at the fastest pace in
nearly
four years, easily outstripping expectations, as workers returned after
a
grocery store strike and construction hiring bounced back on better
weather,
a government report on Friday showed.


Do you even read what gets you excited before you post it?



"The department said the end to the California grocery store dispute, which
had idled 72,000 workers, boosted March payrolls by 10,000 to 20,000. The
impact was muted because many of the returning employees displaced temporary
hires."

http://news.myway.com/top/article/id/63342|top|04-02-2004::10:05|reuters.html

"Harry Krause" wrote in message
news:c3dhc2g=.e3173c7804238f91ecc7925a91375559@108 0916509.nulluser.com...
NOYB wrote:

Businesses Add 308,000 Jobs in March

Friday, April 02, 2004



WASHINGTON - U.S. employment rose last month at the fastest pace in
nearly
four years, easily outstripping expectations, as workers returned after
a
grocery store strike and construction hiring bounced back on better
weather,
a government report on Friday showed.


Do you even read what gets you excited before you post it?






The latest report from the Labor Department offered comfort to President
George W. Bush (search) as the jobs market - a hot political issue in
the
U.S. presidential campaign - finally made a decisive break to the
upside.

Non-farm payrolls climbed 308,000 in March, the Labor Department said,
the
biggest gain since April 2000 and well above the 103,000 rise expected
on
Wall Street.

The unemployment rate ticked up to 5.7 percent from the two-year low
of 5.6
percent seen in January and February.


Unemployment rate is up - again.

BLS calls it "no change".





Upward revisions to January and February payrolls helped contribute to
the
positive tone of the report, which could fuel expectations that the
Federal
Reserve may be closer to raising overnight interest rates from their
current
1958 low of 1 percent than had been thought.

The March rise in payrolls reflected the resolution of a labor dispute
at
grocery stores in southern California that had idled 72,000 workers. The
department said the return of those workers helped fuel a 47,000
increase in
retail employment last month, but it did not quantify the impact.



The rise in payrolls is due mostly to the return of 72,000 strikers?
And you think that is a gain in jobs?

308k-72k=236,000

The rise in payrolls of 236,000 jobs is a pretty significant gain in jobs.
Regardless, when those guys went on strike, it counted *against* employment
numbers...and the Dems had no problem counting them among the "unemployed"
at that time. Now that they're back to work, you guys say that they
shouldn't count!?!?

The economy has been expanding for over a year...and jobs have been
increasing for 7 straight months. Half a million jobs have been gained this
year. Spin all you want, but that's terricific economic news.

"Jim" wrote in message
...
AND now for the REST of the story


"Companies add 308,000 jobs, but unemployment up"



Salon, eh? If you want the *REAL* story, go to the Bureau of Labor
Statistics site:
http://bls.gov/news.release/empsit.nr0.htm

Nonfarm payroll employment increased by 308,000 in March, and the
unemployment rate was about unchanged at 5.7 percent, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. Payroll job
growth
was fairly widespread, as construction employment rose sharply and several
major service-providing industries also added jobs.

"Joe" wrote in message
...

"Harry Krause" wrote in message
news:c3dhc2g=.e3173c7804238f91ecc7925a91375559@108 0916509.nulluser.com...
NOYB wrote:

Businesses Add 308,000 Jobs in March

Friday, April 02, 2004



WASHINGTON - U.S. employment rose last month at the fastest pace in
nearly
four years, easily outstripping expectations, as workers returned
after
a
grocery store strike and construction hiring bounced back on better
weather,
a government report on Friday showed.


Do you even read what gets you excited before you post it?



"The department said the end to the California grocery store dispute,
which
had idled 72,000 workers, boosted March payrolls by 10,000 to 20,000. The
impact was muted because many of the returning employees displaced
temporary
hires."

Harry won't reply to that post Joe. It screws up his "spin".

"NOYB" wrote in message
ink.net...

"Harry Krause" wrote in message
news:c3dhc2g=.e3173c7804238f91ecc7925a91375559@108 0916509.nulluser.com...
NOYB wrote:

Businesses Add 308,000 Jobs in March

Friday, April 02, 2004



WASHINGTON - U.S. employment rose last month at the fastest pace in
nearly
four years, easily outstripping expectations, as workers returned
after
a
grocery store strike and construction hiring bounced back on better
weather,
a government report on Friday showed.


Do you even read what gets you excited before you post it?






The latest report from the Labor Department offered comfort to
President
George W. Bush (search) as the jobs market - a hot political issue in
the
U.S. presidential campaign - finally made a decisive break to the
upside.

Non-farm payrolls climbed 308,000 in March, the Labor Department said,
the
biggest gain since April 2000 and well above the 103,000 rise expected
on
Wall Street.

The unemployment rate ticked up to 5.7 percent from the two-year low
of 5.6
percent seen in January and February.


Unemployment rate is up - again.

BLS calls it "no change".





Upward revisions to January and February payrolls helped contribute to
the
positive tone of the report, which could fuel expectations that the
Federal
Reserve may be closer to raising overnight interest rates from their
current
1958 low of 1 percent than had been thought.

The March rise in payrolls reflected the resolution of a labor dispute
at
grocery stores in southern California that had idled 72,000 workers.
The
department said the return of those workers helped fuel a 47,000
increase in
retail employment last month, but it did not quantify the impact.



The rise in payrolls is due mostly to the return of 72,000 strikers?
And you think that is a gain in jobs?

308k-72k=236,000

The rise in payrolls of 236,000 jobs is a pretty significant gain in jobs.
Regardless, when those guys went on strike, it counted *against*
employment
numbers...and the Dems had no problem counting them among the "unemployed"
at that time. Now that they're back to work, you guys say that they
shouldn't count!?!?

The economy has been expanding for over a year...and jobs have been
increasing for 7 straight months. Half a million jobs have been gained
this
year. Spin all you want, but that's terricific economic news.




Kerry downplayed the unemployment rate when it was 5.6% saying that the
number of jobs created was more important.

I will guarantee that we can expect Mr. Waffle to change his tune now and
concentrate on the unemployment rate. Flip-flop.

Even at 5.7% it is still lower than the average rates in the '70's, '80's
and 90's. An most economists don't put much faith in the numbers as they
are now calculated.

from http://money.cnn.com/2004/04/02/news...ex.htm?cnn=yes

"While it would seem odd that the unemployment rate rose despite a jump in
payrolls, the two numbers are generated by separate surveys. The
unemployment rate comes from a survey of households, which found that
179,000 people entered the labor force in March, resulting in a higher
unemployment rate.

Still, most economists believe the survey of businesses, which is much
broader, is a more accurate measure of the health of the labor market."

"The department said the end to the California grocery store dispute,
which
had idled 72,000 workers, boosted March payrolls by 10,000 to 20,000. The
impact was muted because many of the returning employees displaced
temporary
hires."

Harry won't reply to that post Joe. It screws up his "spin".


Allow me to cut 'n paste a thread from a golf forum (yes, golfers can get off
topic on a variety of topics too).... Read what they say on this matter:

Butch Ammon

--------------------cut 'n paste---------------------------

Reuters is reporting that the great American job-creating machine is revving
into high gear:
WASHINGTON (Reuters) - U.S. employment rose last month at the fastest pace in
nearly four years, easily outstripping expectations, as workers returned after
a grocery store strike and construction hiring bounced back on better weather,
a government report on Friday showed.

The latest report from the Labor Department offered comfort to President Bush
as the jobs market---a hot political issue in the U.S. presidential
campaign--finally made a decisive break to the upside.

Non-farm payrolls climbed 308,000 in March, the Labor Department said, the
biggest gain since April 2000 and well above the 103,000 rise expected on Wall
Street.

http://www.nytimes.com/reuters/busin...y-jobs.html?hp

This is great news for the United States.

=================================

Yes, as I said on the other, related thread, now that the lagging indicator
(jobs) of the reviving economy is beginning to show itself, this can only mean
unmitigated disaster for John Kerry and his campaign. It shows that George W.
Bush's tax cuts are working, that he has taken the right steps to help the
economy recover.
I can only imagine how wonderful the economy will be with FOUR MORE YEARS of
George W. Bush's outstanding leadership! And I'm looking forward to finding
out, as we WILL find out. )

==================================

This is great news for patriotic Americans in general and for the golf industry
in particular!

-------------------end of cut 'n paste--------------------

Butch Ammon wrote in message
...

Harry won't reply to that post Joe. It screws up his "spin".


Allow me to cut 'n paste a thread from a golf forum (yes, golfers can get
off
topic on a variety of topics too).... Read what they say on this matter:

Butch Ammon


Back already? Seems like you just left!
How are things over at iboat or whatever?