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Sunday, April 04, 2004

Hopeful signs of a job-full recovery via Economist

American firms are hiring again in earnest: payrolls grew by 308,000 in March. If the job gains continue, interest rates will rise, and so will President George Bush’s fortunesAmerica’s jobless recovery has bemused economists, bound the hands of the Federal Reserve and benighted the administration of George Bush. Despite impressively fast economic growth, firms have been depressingly slow to hire. Last month, however, America’s corporations made up for lost time: 308,000 workers were added to the payrolls in March, according to figures released on Friday April 2nd. That is twice the number hoped for by even the most optimistic forecaster. Quite interesting.
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