Friday, March 07, 2008

Jobs

White House:

Today, the Bureau of Labor Statistics released new jobs figures for February. The unemployment rate decreased to 4.8 percent, below the averages for the past three decades, but nonfarm payroll employment decreased by 63,000 jobs. Our economy has added about 860,000 jobs over the last 12 months – an average of 72,000 jobs per month – and more than 8.1 million since August 2003.


72,000 per month is only about half of what is needed to keep up with increases in the working age population.

Heckuva job, Bushie.