Berkeley CSUA MOTD:Entry 30084
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2025/07/09 [General] UID:1000 Activity:popular
7/9     

2004/5/7 [Politics/Domestic/President/Bush, Politics/Foreign/MiddleEast/Iraq] UID:30084 Activity:high
5/6     867,000 new jobs created this year.  Unemployment rate down to 5.6%
        http://apnews.myway.com/article/20040507/D82DQ2IG1.html
        \_ 867k low-pay/service sector/temp jobs.  Yawn.  Besides, 2 months
           of job growth does not make a trend.  And the torture of Iraqi
           prisoners will result in a universal wave of disgust that will
           knock the Bushies out of office.
           \_ hey, Dubya didn't promise "good" jobs
           \_ Bush can still pull out of Iraq and win the election. I don't
              think he will, though.
           \_ What, you think all the jobs based on nothing from the .com era
              will come back?
        \_ Funny quote from the article: "More Americans are working today
           than at any time in our nation's history."  No shit Sherlock.
           There are also more Americans today than at any time in our
           nation's history.
           \_ That's why they're good politicians.  They say things that are
              only misleading but not wrong.
           \_ Of course critics have been saying that there are more people out
              of work now than ever for quite a while.  Soon, any economic
              statistic will favor the present.
              \_ You mean like "we currently have the highest trade deficit
                 ever"? The highest government deficit ever? The highest
                 oil prices ever? I would not call that favoring the present,
                 but I guess that is one way to look at it.
2025/07/09 [General] UID:1000 Activity:popular
7/9     

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apnews.myway.com/article/20040507/D82DQ2IG1.html
Pete Stark of California, the top Democrat on the Joint Economic Committee. These are not the kind of records the President should be setting at this point in a recovery," he added. In the report, hiring was widespread last month, with the service sector leading the way. Professional and business services employment rose substantially, by 123,000. In that category, gains were in employment services, including temporary help firms, services to buildings and dwellings, management and technical consulting services and architectural and engineering services. The nation's struggling factories also appear to be turning around. Based on Labor Department revisions, the manufacturing sector added jobs for three straight months, including 21,000 in April. For the year, manufacturing payrolls are up by 27,000 overall. Revisions to payrolls also showed a stronger jobs market than previously reported. Last month's 308,000 payroll gains were revised up to 337,000. April's showing surprised analysts, who had expected payrolls of about 180,000 to 200,000. The economy has rebounded strongly, but companies, under intense pressure to compete globally, have been holding down their costs by working employees harder instead of hiring new ones. That appears to be changing, though critics note that job gains are occurring in the lower-paying service sector at retailers and restaurants, and in temporary employment firms. The Federal Reserve decided Tuesday to hold a key interest rate at a 46-year low of 1 percent, saying said such low rates along with productivity gains are helping to support economic activity. But the strengthening jobs market leads economists to anticipate the first rate increases in more than four years will start this summer, probably in August, and will come in the form of one-quarter of a percentage point rises in the federal funds rate. Other gains in April occurred in retail at building and garden supply stores, general merchandise stores and motor vehicle and parts dealers. The leisure and hospitality sector also added jobs, especially in the category of food services. Hiring also continued to be strong in health care and social assistance for the month.