Friday, October 03, 2003

Job Report Out


Official rate remains at 6.1%, but if one adds a couple of extra digits there's been, as predicted, a slight uptick. Labor force participation is down.

Payroll is up 57,000. I'm sure Max will soon tell us just how many jobs Junior has to create to make good on his promises, as will the site of his employer. And the wingnuts will cite this as further proof that we need an even bigger tax cut.

...Wampum has more.

UPDATE: Jobwatch has now been updated to include this lovely graph. We're now 672,000 jobs behind the Bush administration projections which were used to justify the latest tax cuts.