Employment Numbers Greatly Disappoint
-- January 9, 2004

Job growth numbers were released today and it was a real stinker! Only 1,000 jobs were created in December, far less than the 100,000 that had been expected.

We've been telling you for some time that in order for the economy to experience meaningful and sustained growth, there needs to be roughly 150,000 - 200,000 jobs created per month. Clearly, employers aren't doing their part.

A closer look at the numbers reveals some worrisome facts.

Some economic statistics indicate a recovery is underway. However, without job and income growth, any macro gains will likely be short lived.

related article:
Job Growth Shrivels in December