[lbo-talk] strong jobs report

Doug Henwood dhenwood at panix.com
Fri Apr 2 08:22:07 PST 2004


Nathan Newman wrote:


>It's worth noting that the jobs report also showed a drop in overall hours
>worked, and a drop in the workweek. The economy, despite spreading the jobs
>around a bit better this month, is still not producing net new demand for
>more hours of labor each month.

It did, yes, but it was a strong report. It's too early to say the trend has changed, but there's not much point in denying it was the best payroll performance in four years.

Doug



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