But of course the real news is 308,000 jobs were created in March:
Quote:
http://money.cnn.com/2004/04/02/news/economy/jobs/index.htm
NEW YORK (CNN/Money) - U.S. payrolls grew at the fastest pace in nearly four years in March, the government said Friday, in a report that soared past Wall Street's expectations and could play a pivotal role in Fed policy and the presidential election.
Payrolls outside the farm sector grew by 308,000 jobs in March, the Labor Department reported, compared with a revised gain of 46,000 in February. The unemployment rate rose to 5.7 from 5.6 percent.
Economists, on average, had expected 123,000 new jobs and unemployment at 5.6 percent, according to Briefing.com.
It was the strongest gain in payrolls since a matching gain of 308,000 in April 2000.
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jobs are always the last thing to come back after a recession.