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December Hiring Helps Fuel Job Growth 

By LEIGH STROPE (Direct descendent of Joseph Stalin! - tha malcontent)
AP Labor Writer Jan 7, 9:40 AM EST (AP Labour Party Writer?... - tha malcontent)

WASHINGTON (AP) �  U.S. employers added 157,000 workers overall to their payrolls in December, bringing the year-end total of new jobs to 2.2 million, the best showing in five years. The unemployment rate held steady at 5.4 percent.

 

(ap) - Call me crazy, but I watched the media last year, including the AP, even though I was getting bored with commenting on the Redundant Regurgitation of DNC Propaganda, and did not post as much as I have in past years, but I did watch, and I heard the media Parrot the DemocRAT Party with Idiocy such as "the worst economy since Herbert Hoover"... I am an Honest, Thinking person, so I knew the level of TRIPE that this was, but for them now to begrudgingly admit that 2004 was better regarding jobs than Clinton's final full year in Office, 2000, is the height of Dishonesty in light of the Fact that there was almost NO positive news about Bush (43) last fall.  To the Contrary, Dan Rather was caught by my Children in the Blogosphere fronting Obviously Forged documents regarding Bush (43)'s Service to our Country in the Air National Guard, while simultaneously Ignoring or even going so far as to personally Attack the SwiftBoat Veterans who were made up of Decorated Officers/Equals to Kerry who Served and Bunked with him.  I would never have guessed that the media's Arrogance, led by Dan Rather (D), would have produced such an Obvious campaign Against the Party that they do not Vote for, but it did, and in the end, the GOP regained the White House with more than 50% of the Popular Vote for the first time in almost 20 years, and the GOP gained in the House and Senate again.  Of course the November results have not Humbled the DemocRATS, as was Illustrated yesterday by the Petulant Children in their Party who decided to Abuse the Constitution and Protest the Legitimate Electoral Votes for Bush (43) from a state he won 51-48%.. Ohio.  If the DemocRATS keep this up, after 2006 and 2008, my Party may get 60 Votes in the Senate.  Need any more rope, kids! - tha malcontent)

The Labor Department reported Friday that the 2.2 million new jobs created in 2004 were the most in any year since 1999, when employers added 3.2 million positions, based on a government survey of businesses.

 

(This little Factoid was at the back of every news break I heard this morning, in favor of the opening, "Job creation was lower than many Economists expected."... I wonder why!  I would normally give credit to the AP for this opening tone, but it was missing last fall when this same information was reflected, and the Fact that the AP did not find this story worthy of the Main Wire with prominence... So **** 'em! - tha malcontent)

In 2003, there was a net 61,000 reduction in payroll jobs.

 

(Yes, but the Job Recovery began in July of 2003, and has not stopped since!  Inflation is better than during Clinton... Interest Rates are better... The Stock Market... Terrorist Attacks against us outside of the Battlefield we have set up for that War, are less.  If Bush (43) was a DemocRAT, the tone I display would be the tone of the AP! - tha malcontent)

The report didn't sour economists, but it didn't wow them either.

 

("Wow" is not the standard, AP!  Boom times as we saw in the 90's are not the standard either, nor are they even possible on a Consistent basis!  I don't remember the AP talking down the Economy in 2000, Clinton's final full year in Office, as they did last year to Bush (43), when in Fact, every aspect of the Economy was better in 2004 than in 2000... Only a Dishonest DemocRAT can deny the Bias in this regard! - tha malcontent)

"2004 didn't go out like a lion, but it didn't go out like a lamb," said Ken Mayland, president of ClearView Economics. "It went out like a cow: beefy but docile. These aren't great results, but they're not tepid either. They're kind of in between."

 

(How about this... Greenspan on the 90's Boom: "Irrational Exuberance".  What we are experiencing now is a Maintainable, Rational economic growth pattern, that is better than 2000, but is painted as the Great Depression by the DemocRATS "Free Press" in an continued attempt to harm the President they did not Vote for.  Fact: Clinton neither created the longest expansion in US History, nor did he maintain it... Anyone who can prove that Assertion wrong gets a steak dinner on me. - tha malcontent)

The figures capped a presidential election year in which job creation was a big concern to many voters, and a potential liability to President Bush. Job growth had been slow since the 2001 recession, puzzling economists and policy-makers expecting the labor market to bounce back more quickly. Democrats seized on the weak performance, claiming the president's economic policies were not working.

 

(2004 was NOT a "weak performance" using the standards of how 2000 was painted by the DemocRATS and this very institution, the AP, almost exactly 4 years ago on the 12th of January...

 

From 01.12.2001...

"Clinton, in his eighth economic report said: ``We are enjoying the longest economic expansion ever recorded, with more than 22 million jobs created since 1993, the lowest unemployment rate in 30 years."

He used the 402-page report, which was to be formally sent to Congress on Friday, to burnish his economic legacy, providing a detailed account of the gains the country has made during his administration.

The report contained the administration's final economic forecast in which it predicted that the expansion, already the longest in history at nearly 10 years, will last through this year and beyond.

The administration's official forecast calls for growth in the gross domestic product � the country's total output of goods and services � of 3.2 percent in 2001, compared with 4.1 percent for 2000, when measured from the fourth quarter to the fourth quarter of each year. It estimated that consumer prices will rise 2.5 percent this year after a 2.6 percent increase in 2000.

...Can you imagine the AP Parroting Bush (43)'s outlook on the Economy as they so Obviously did, front and center on the Main Wire back in 2001?  But that's not the best part, their tone changed within days to "Recession"... Of course, AFTER Bush (43) took the Oath on the 20th of January, that is...

From 01.31.2001: Economy: Weakest Growth in 5 Years 

"The U.S. economy, hit by a plunge in spending on cars and computers, grew at an annual rate of just 1.4 percent during the final three months of 2000, the weakest performance in more than five years.

The anemic performance of the gross domestic product � the total output of goods and services produced within the United States � was below even the scaled-down expectations of many private analysts. They were forecasting a growth rate of around 2.2 percent, matching the performance in the third quarter.

The weak showing in the fourth quarter, reported Wednesday by the Commerce Department, underscored how dramatically the economy had slowed since the second quarter of last year, when it grew by a breakneck 5.6 percent rate.

Federal Reserve Chairman Alan Greenspan last week warned Congress that the economy has likely weakened further, saying growth in the current quarter is probably ``very close to zero."

Greenspan did not rule out the threat of a recession, saying the country's first downturn in a decade could occur if consumers became so rattled that they stopped spending.

...Now tell me, how did things change so drastically from January 12th to the 31st in 2001?... Could it be that Bush (43) took the Oath on the 20th, and the "Free Press" could use Against Bush (43), what they Ignored during Clinton days earlier?... Of course that's what happened, and the same people are now acting as if they told the Voters how good it really was last fall, when in Fact, it was the exact opposite regarding their Coverage! It was, "the worst economy since Herbert Hoover."...  Bias Illustrated. - tha malcontent)

But ultimately, the economy wasn't enough of a concern to deny Bush a second term.

(But ultimately, the "Free Press" has lost the Monopoly on Information that it once enjoyed, and was again incapable of beating the Party they don't Vote for with Abjectly Biased news coverage on a day to day! - tha malcontent)

Looking ahead, the Bush administration predicts the economy will create another 2.1 million jobs in 2005 - a figure that private economists say is respectable and beatable. In the game of managing expectations, it's a much lower estimate than a previous administration forecast of 3.6 million new jobs this year.

(Again, the best of times is not the standard!  This growth is not "Irrational", as the dotcom Economy was.  Clinton had the good fortune of being POTUS during it, that's all.  When one of you Capable DemocRATS thinks you have the 411, let me know what Clinton's "Policy" was... I will pay you money to do so! - tha malcontent)

The Federal Reserve boosted short-term interest rates last month for a fifth time, saying that "labor market conditions continue to improve gradually."

In Friday's report, the 157,000 net increase in jobs in December was close to the 175,000 that economists were predicting. It came on top of the 137,000 added the previous month, which was revised 25,000 higher than the government initially reported.

The service sector continued to spark overall hiring in December. But the job growth was concentrated in the health care industry, which added a net 36,000 positions, and business and professional services, which hired a net 41,000 workers.

As the holiday shopping season got in full swing, retailers ended up shedding almost 20,000 jobs overall. Analysts note that the figures are seasonally adjusted and subject to big fluctuations during that time of the year.

"Because of retailers' trepidations about this holiday selling season, they didn't do the usual amount of seasonal hiring," Mayland said.

The good news is the seasonal layoffs that occur in January and February should be moderate this time, he said.

The housing market last year continued to trigger job growth, with the financial service industry adding a net 14,000 jobs last month and 140,000 net jobs for the year as mortgage interest rates remained at low levels. Real estate employment was flat in December, but up 42,000 over the year.

Construction companies continued to hire new workers for the 10th straight month, increasing their payrolls by 13,000.

While government employment didn't change much in December, payrolls rose by 172,000 in 2004. Most of the growth occurred at the state and local levels, especially in education. At the federal level, the U.S. Postal Service continued to shed jobs while employment in the rest of the government didn't change much.

("Especially education"?... Who would have known! I thought W. Hated Educating Children!!... - tha malcontent)

The nation's civilian unemployment rate has hovered at 5.4 percent and 5.5 percent since July, slightly below levels earlier in the year.

(It was 5.6% for Clinton in 1996... It was Perfect according to the "Free Press" then, but it's "Hoovers Economy" now!  By the way, there was over 20% unemployment under Hoover... 10% under Carter, just in case you did not know.  Also, the current unemployment rate is better than the average for the 1990's. - tha malcontent)

Separately, labor force participation is trending down, reflecting "long-term structural and demographic shifts, as well as more short-term business cycle fluctuations," said Kathleen P. Utgoff, commissioner of the Labor Department's Bureau of Labor Statistics.

The participation rate has declined sharply in the past several years among younger workers, with economists speculating that a weak labor market is causing those people to stay in school, including seeking higher degrees. But the number of people age 55 and older working or looking for employment has risen in the past four years.

(After reading this, I just can't seem to grasp the Left's claim that Bush (43) has "destroyed the economy"... It must just be me! - tha malcontent)

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