April 02, 2004

March Employment

Preliminary figures are out for March employment. Payroll jobs rose by 308,000 in March, and figures for January and February were increased by 86,000.

I'll post more on this later. Specifically, I want to look at how the household numbers moved compared to the payroll numbers to see if it sheds any light on the argument raging over which to believe in times of recovery.....

Posted by richard at April 2, 2004 10:30 AM

I thought the question was whether this was recovery.

Why doesn't it surprise me that the Richard Clarke firestorm passed over this website without comment, but the jobs increase got immediate airplay?

I know, I know — get my own site, choose my own subjects . . . but I'm determined to keep my site subjectless. What's a guy to do?

But in a crude attempt to stay on-topic, I'll say this: I'm one of the 308,000. Why aren't I excited about what George Bush has done for me? The separation of my soul from my body every morning is a painful experience indeed.

Posted by: Brad A. at April 2, 2004 11:02 AM

Brad, never fear, I have a fairly long post about Richard Clarke in the hopper. Unfortunately, during the work week it's hard to do justice to important topics, so I just start the post (as a reminder) and then have to finish it over the weekend. I started it after seeing Clarke on Meet the Press last Sunday, but will try to post it this weekend – look forward to your comments.

This job number was pretty quick and painless – in fact I did it right before running into a board meeting – and it followed up on some substantive posts I made below. And no, there is no question whether this is a recovery, there has been a question as to whether it's a jobless recovery or not, but everyone agrees it is a recovery.

Oh, and yes, my site, my topics.

Posted by: richard at April 2, 2004 12:29 PM