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Article: Labor market boom . . . or bust?(COMMENTARY)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- December 12, 2003
CopyrightCOPYRIGHT 2003 News World Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Alfred Tella, SPECIAL TO THE WASHINGTON TIMES
Payroll jobs rose last month, by 57,000, up 328,000 since July. The rise would have been greater had it not been for strikes in the retail sector. The November increase was the fourth in as many months, and in the context of other economic indicators the upward trend in payroll jobs is taking on the look of, if not great strength, at least sustainability.
Employment as measured by the government's more comprehensive household survey showed considerably stronger growth in November, rising by an impressive 589,000. The official unemployment rate ticked down from 6 percent in October to 5.9 percent. It's ...