U.S. Payroll Growth Slows Dramatically

[Tempest]

http://story.news.yahoo.com/news?tmpl=story&e=2&u=/ap/20040806/ap_on_bi_go_ec_fi/economy

The nation's payroll growth slowed dramatically in July with a paltry 32,000 jobs being added_ a potentially troubling sign that the rough patch the economy hit in June was no aberration.

<snip>

Economists, however, look more closely at the payroll figure as a better barometer of the health of the jobs market. The 32,000 net jobs added in July represented the smallest gain in hiring since December and followed a revised gain of just 78,000 in June, even less than previously reported. May's payrolls also were revised down to show a gain of 208,000.


"Employers got cold feet," said economist Ken Mayland, president of ClearView Economics. "Employers just don't have the confidence in the economy that we need to sustain the kind of economic growth that we've seen."

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[HuckleB]

1. With oil prices, the deficit, the rising cost of health care, etc.. etc...

-- all problems that Bush has either directly promoted or ignored, is there any wonder that the economy is stagnating?

[David Dunham]

2. It won't get any better in August, September, or October.

[RoundRockD]

4. Fox News analyst just said that household job number gained over

600,000 jobs in June. Who should I believe? I'm so confused. Fox is always fair and balanced, I should probably believe them.

[tom_paine]

3. Well, DUH! And it gets light out after the sun rises, too!

As if gutting worker protections and taking an active anti-worker position AND purposefully running the economy and government bankrupt, could possibly have a POSITIVE effect on worker wages!

[Moderator]

5. Duplicate topic, please discuss here

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x732033