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Fri 5 Nov, 2004 08:39 am
Quote:Job growth soars
October report shows greatest strength in employment since April, easily topping forecasts.
November 5, 2004: 9:08 AM EST
NEW YORK (CNN/Money) - U.S. employers added far more jobs in October, the best performance in six months, according to a government report Friday that came in well above Wall Street expectations.
The Labor Department report showed a net gain of 337,000 jobs to nonfarm payrolls in the month, up from the revised 139,000 gain in September. Economists surveyed by Briefing.com were looking for only a 175,000 job gain.
http://money.cnn.com/2004/11/05/news/economy/jobless_october/index.htm?cnn=yes
Now how's that for an "October surprise"!
Yes,that's really a surprise.
Probably, but will volunteers also count?
what kind of jobs...rate of pay compared to lost jobs......quality of benefits available and expense to worker compared to lost jobs.....I wouldn't start peeing the bed until I saw the whole picture....sounds like a great majority of those jobs are temp jobs...which of course will mean no benefits.....
a.t. the report from CNBC a lot of new work has been created repairing the hurrican damage; no surprise really. hbg