Friday, November 07, 2003
Once again, A.P. to the rescue
143,000 Give up Job Search, Go to work at Wal-Mart.
Just kidding--of course that isn't the headline. This is:
Unemployment Continued to Fall in October
And here are the first two paragraphs:
Now skip down to paragraph 12:
In other words, not only were all the gains last month service-sector jobs, but an additional 17,000 jobs previously lost somewhere else went to the service sector. And more than 23% of the 143,000 were temp jobs.
This is good news?
On what planet?
Just kidding--of course that isn't the headline. This is:
Unemployment Continued to Fall in October
And here are the first two paragraphs:
Filed at 9:26 a.m. ETGot it? 126,000 new jobs last month. Thus the headline (theirs, not mine).
WASHINGTON (AP) -- The nation's unemployment rate dropped to 6 percent in October as companies added thousands of new jobs for the third straight month, new evidence of an improving labor market.
The Labor Department reported Friday that payrolls grew by 126,000 last month, significantly more than the 50,000 new jobs that economists had predicted. That followed a revised 125,000 new jobs in September, which initially was reported at 57,000.
Now skip down to paragraph 12:
The service sector added 143,000 new jobs last month, the largest increase in nine months. That included a 33,000 gain in temporary employment services, which have added jobs for the last five months.The "service sector" added 17,000 more jobs than were added overall last month, 33,000 of which were temporary (read: no benefits) jobs.
In other words, not only were all the gains last month service-sector jobs, but an additional 17,000 jobs previously lost somewhere else went to the service sector. And more than 23% of the 143,000 were temp jobs.
This is good news?
On what planet?
