{"id":730,"date":"2004-03-05T12:44:11","date_gmt":"2004-03-05T17:44:11","guid":{"rendered":"http:\/\/www.brianarner.com\/weblog\/wordpress\/2004\/03\/february_jobs_report\/"},"modified":"2004-03-05T12:44:11","modified_gmt":"2004-03-05T17:44:11","slug":"february_jobs_report","status":"publish","type":"post","link":"http:\/\/www.brianarner.com\/weblog\/2004\/03\/february_jobs_report\/","title":{"rendered":"February Jobs Report"},"content":{"rendered":"<p>Yawn.  Another uninspiring <a href=\"http:\/\/www.nytimes.com\/2004\/03\/05\/business\/05CND-ECON.html?ex=1393909200&#038;en=9b2b41698189f54d&#038;ei=5007&#038;partner=USERLAND\">jobs report<\/a>:<\/p>\n<blockquote><p>The economy added just 21,000 jobs last month, the Labor Department reported today, down sharply from January&#8217;s gain and far below the type of increase that was common in the 1980&#8217;s and 1990&#8217;s. The unemployment rate held steady at 5.6 percent, the Labor Department said, mostly because many people have stopped looking for work since late last year, removing them from the government&#8217;s official count of the unemployed.<\/p><\/blockquote>\n<p>This versus forecasts of +125,000 jobs.  Missing projections on the down side is becoming routine:<\/p>\n<blockquote><p>In October, Treasury Secretary John W. Snow estimated that 200,000 new jobs a month would be created over the coming year; since then, the economy has added 59,000 jobs a month on average, and the administration has distanced itself from the forecasts.<\/p><\/blockquote>\n<p>Brad Delong graphically depicts <a href=\"http:\/\/www.j-bradford-delong.net\/movable_type\/2004_archives\/000419.html\">actual payroll numbers against administration forecasts<\/a>.  Suffice it to say, we&#8217;re way under the projections.<br \/>\nCombine this phenomenon with soaring health care costs and record gas prices, and the so-called recovery might not be feeling so great for a lot of voters.<\/p>\n","protected":false},"excerpt":{"rendered":"<a href=\"http:\/\/www.brianarner.com\/weblog\/2004\/03\/february_jobs_report\/\" rel=\"bookmark\" title=\"Permalink to February Jobs Report\"><p>Yawn. Another uninspiring jobs report: The economy added just 21,000 jobs last month, the Labor Department reported today, down sharply from January&#8217;s gain and far below the type of increase that was common in the 1980&#8217;s and 1990&#8217;s. The unemployment rate held steady at 5.6 percent, the Labor Department said, mostly because many people have [&hellip;]<\/p>\n<\/a>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-730","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"h-entry","8":"hentry"},"_links":{"self":[{"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/posts\/730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/comments?post=730"}],"version-history":[{"count":0,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/posts\/730\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/media?parent=730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/categories?post=730"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/tags?post=730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}