4.06.2004

ABOUT THOSE 308,000 JOBS: Don Iannone echoes the general elation about the national job growth figure for March.

Here's a less enthusiastic perspective from MaxSpeak:

If you like the payroll "establishment" survey, we have fewer jobs now than when the recession ended in 2001, an execrable record.

If you like the household survey, reputed to reflect the creative upsurge of self-employment and entrepreneurial initiative, job growth for the past two months is negative, and the employment level now is lower than in the fourth quarter of 2003.

So tell me again how the tax cuts have worked? What events would signal that they had not worked?


Some more detailed analysis along the same lines here.

The Bureau of Labor Statistics won't have state and metro-area breakdowns of these figures until mid-month. I'll be watching this site with great anticipation.

P.S. Just took a closer look here and realized that "mid-month" is off by a fair amount. The BLS release date for state-by-state job numbers is April 23; for metro-area numbers it's not till April 28.