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Saturday, October 06, 2007

110,000 is not "plenty of jobs"

Please tell me since when is job growth of 110,000 considered to be "plenty of jobs?" It isn't even enough to keep up with the population growth. This kind of job growth rate stinks, it's not "plenty of jobs." I guess even McClatchy is smoking whatever the White House is handing out.

WASHINGTON — Fear of an imminent recession evaporated Friday when the Labor Department reported that employers added plenty of jobs in September and revised upward its dismal August report, signaling that the economy remains in a mild, manageable slowdown while continuing to grow.

Non-farm payrolls rose 110,000 in September, and August payrolls swelled by 89,000 — far better than the alarming 4,000-job decline initially reported last month, which spooked financial markets.


Just for the record, the average monthly growth in 1999 was 191,750.

1 Comments:

Blogger KISSWeb said...

What you can do with language! I don't think "swelled" is exactly the right word to describe the payroll numbers, either.

11:45 PM  

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