Friday, October 08, 2004

 

Strength and resilience? Buck up Ohio

Good news Ohioans! Labor Secretary Elaine Chao responded to the pathetic growth of jobs with this:

"the strength and resilience of our economy and that the labor market continues to improve."


The "Up is downism" is out of control.

UPDATE: By the way, Chao was suggesting that the hurricanes had something to do with the numbers. But, according to her department's own report:

For weather conditions to reduce the estimate of payroll employment, people have to be off work for an entire pay period and not be paid for the time missed. While some employed persons were off payrolls during the survey reference period because of the hurricane effects some jobs were added as part of recovery efforts. . .

At the ment growth, but not enough to change materially the Bureau's assessment of the employment situation in September.


Also, the "Household Survey" that Bush-Cheney folks occassionally like to use as a defense when the numbers are convenient shows a loss of 200,000 jobs.

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