Monday, August 14, 2006

 

"Not impressively" ... ?

Slate.com economist (?!) Daniel Gross says in today's New York Times Economic View that job growth in the United States has "risen steadily -- albeit not impressively." Oh, really?

Since August 2003, the U.S. economy has created more than 5.4 million new jobs -- more than Japan and the 25 nations of the European Union combined. America’s unemployment rate is 4.6 percent, below the average of each of the past four decades ... and slightly below the level at which economists consider the economy to be operating at Full Employment. (Source: U.S. Department of Labor)

If those aren't impressive statistics vis a vis job growth, what would/can/could be?





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