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March 04, 2005

Q4 Productivity Revised Upwards, Big-Time; US Employment Up, Sharply

Productivity's all the way up from an initial estimate of a paltry 0.8% to a sweet 2.1%.

U.S. payrolls grew strongly in February
Employers added 262,000 jobs, more than expected

The Associated Press

Americaâ€™s employers added a sizable 262,000 jobs in February â€” the most in four months. The new hiring, however, wasnâ€™t sufficiently brisk to accommodate a wave of job seekers, and the overall unemployment rate rose to 5.4 percent.

This sort of double-whammy in revision and employment report can only mean the boys at the Labor Department got visits from both Vinny Falcone and Bruce Dickinson-- yes, the Bruce Dickinson.

Thanks to Phil for the productivity tip. Thanks to Slublog for the employment news.

posted by Ace at 02:10 PM

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The new hiring, however, wasnâ€™t sufficiently brisk to accommodate a wave of job seekers, and the overall unemployment rate rose to 5.4 percent. This sort of double-whammy in revision and employment report can only mean the boys at the Labor Department got visits from both Vinny Falcone and Bruce Dickinson-- yes, the Bruce Dickinson. Thanks to Phil for the productivity tip. Thanks to Slublog for the employment news. posted by Ace at 02:10 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments JackStraw: ">>Yeah, right AfD wants safety and security for it ..." grammie winger - cheesehead: "He wasn't a Muslim, then? Just a guy who liked to ..." fd: "Mostly peaceful Muslim. Mostly. ..." FenelonSpoke: "He wasn't a Muslim, then? Just a guy who liked to ..." FenelonSpoke: "Posted by: publius, Rascally Mr. Miley (w6EFb) at ..." 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