MMS Friends

(the blog formerly known as Je ne sais quoi)

Thursday, April 08, 2004

This Is A Job Boom?

U.S. job growth booms in March
"The U.S. economy added 308,000 new jobs in March -- the biggest gain in four years."
- CNN, 04/02/2004

Newly Jobless File 328,000 Unemployment Claims
Briefing.Com, 04/08/2004

Let's see..... 308,000 minus 328,000 is, um....... a net loss of 20,000 jobs. Right?

Wrong! Net population growth in that month added 150,000 people of working age to the mix.

Let's see..... negative 20,000 minus 150,000 is, um...... a net loss of 170,000 jobs. Right?

Right!

All together now: SHOW US THE JOBS!