Hoover economy alert......
WASHINGTON (AP) -- America's payrolls snapped out of a two-month hurricane-induced funk in November and grew by 215,000, the most since July. The unemployment rate held steady at 5 percent.
The fresh snapshot of the jobs situation by the Labor Department on Friday suggested that employers were feeling better about hiring now that energy prices have retreated from record highs and the energy supply and transportation disruptions from the trio of Gulf Coast hurricanes are easing.
In November, employment gains were broad based. Construction, retail, leisure and hospitality, education and health services, financial activities and even manufacturing all posted job gains..
btw that's 1.85 million new jobs so far in 2005 but who's counting. Certainly not the Entrenched Media
Compare this rather subdued appraisal to the thinly veiled giddiness of this 1996 article....
U.S. jobless rate hits six-year low
Clinton's euphoric....
July 5, 1996Web posted at: 5:50 p.m. EDT
WASHINGTON (CNN) -- Economists didn't expect June's unemployment rate to be much different from May's, which was an already-low 5.6 percent. But in fact, it did fall -- to 5.3 percent. The unemployment rate hasn't been that low since June 1990 etc. etc. etc.
Friday, December 02, 2005
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