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Article: The labor market.(EDITORIALS)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- January 9, 2005
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Byline: THE WASHINGTON TIMES
The year-end employment report, which the Labor Department issued Friday, revealed that nonfarm payrolls increased by 157,000 jobs in December. That level of monthly job creation approximates what most economists estimate is required to accommodate the nation's growing population. Thus, the unemployment rate, which is derived from the separate household survey, remained unchanged at 5.4 percent. With the release of the December report, now would be a good time to review how the labor market changed during 2004 and over the past four years:
* During 2004, more than 2.2 million nonfarm payroll jobs were created. That robust job ...