Friday, January 07, 2005


Jobs Number in Perspective

The New York Times > Business > Number of Jobs Rose Last Month Below Wall Street Predictions: "he economy added 157,000 payroll jobs in December, the Labor Department said this morning, slightly fewer than economists had been predicting, but an improvement over the economy's performance the month before.The overall unemployment rate remained unchanged at 5.4 percent. "

Interestingly, for those readers who don't care as much about these numbers:
-5.7% has been considered the average full employment over the last twenty years
-San Francisco is now bragging a 4.1% unemployment rate.

While we are still not where we want to be, this should give us reason to feel much better about the economy and our personal little dreams of wealth.

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