Friday, June 04, 2004


MORE ECONOMIC GOOD NEWS
The Economy added jobs yet again in May. From the AP:
U.S. employers added almost a quarter million workers in May, extending a nine-month hiring spree and accommodating enough new jobseekers to hold the unemployment rate steady at 5.6 percent.

Payrolls swelled by almost 1 million in the last three months alone, the Labor Department said Friday. Employment figures for March and April were revised up to reflect the addition of 353,000 and 346,000 jobs respectively.
Let's breakdown the numbers.

Household Survey Job Change (unadjusted)
Since Bush Took Office: +2,686,000
Since Bush's First Budget: +2,058,000
Last 9 months: +730,000
Since last month: +444,000

Household Survey Job Change (adjusted)
Since Bush Took Office: +982,000
Since Bush's First Budget: +2,458,000
Last 9 months: +1,079,000
Since last month: +196,000

Establishment Survey Job Change (unadjusted)
Since Bush Took Office: +1,481,000
Since Bush's First Budget: +301,000
Last 9 months: +2,402,000
Since last month: +939,000

Establishment Survey Job Change (adjusted) - the most reported numbers
Since Bush Took Office: -1,164,000
Since Bush's First Budget: -607,000
Last 9 months: +1,485,000
Since last month: +248,000

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