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A breakdown of the March jobs report... even better news in the details [View All]

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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-02-10 10:22 AM
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A breakdown of the March jobs report... even better news in the details
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CNN Headline teaser that Republicans won't like: "Finally! Job growth returns"

http://money.cnn.com/2010/04/02/news/economy/jobs_march/index.htm


Of the +162,000 increase.... 123,000 of it was by private companies, only 39,000 from government.

So it wasn't just the Stimulus. The private-sector hiring is heating up.


Other figures in the breakdown:

+22,000 Leisure and hospitality
+17,000 Manufacturing jobs (2,500 of these related to Auto industry)
+15,000 Construction jobs
+14,900 Retail and Sales jobs


"In a word, it's a resilient recovery," said Lakshman Achuthan, managing director of Economic Cycle Research Institute. "All these areas are stabilizing and moving forward. That's the hallmark of a recovery."



Change you can believe in!
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