Friday, August 06, 2004

Which corner is the economy turning?

The one leading us all to Hooverville?
The number of non-farm jobs added to the economy in July was 32,000, according to the department's payroll figures. Analysts had projected the numbers to be in the range of 215,000 to 240,000.


It was the second straight month of sub-par job growth. On top of today's news, the Labor Department revised June's payroll increase downward from 112,000 to 78,000.

Remember, it takes 150,000 new jobs per month just to stay even ... so in the last two months we've LOST 190,000 jobs.

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