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December 28, 2004

Economists: US Job Creation "Strong"

Good news:

Employers are expected to create as many as 225,000 new jobs each month in 2005 to more than absorb the 125,000 who enter the job market every month, economists predicted.

An informal survey of economists indicates that unemployment could fall from its current 5.4 percent to as low as 5 percent, a nearly 10 percentage point decline.

"It may be the best year since 2000 in terms of the general job market," predicts Mark Zandi of Economy.com. "There will rising labor force participation and fewer underemployed."

Play that funky music, white boy.


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posted by Ace at 01:44 PM

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