5.07.2004

Job Reports

Atrios covers today's job report:

    Employment report out. We'll look at it more detail later. But, so far so good - 288,000 new jobs in April. For those keeping score at home, that's still below the 306,000 average per month the Bush administration predicted would occur if their latest tax cut package passed. And, still below that 320,00 per month they were predicting last December.

    But, all in all it's good news for the job market. Though, we'll open up the box later and see just what those jobs were...

I'd feel more confident about this if every encouraging employment figure set wasn't massively but quietly reforecast downward two or three forgotten months later.