Wednesday, April 4, 2007

THE JOBS NUMBER FOR MARCH: 109,000

The jobs number for March, a/k/a "The Big Lie," will be 109,000...mostly in services as usual.

Some spring hiring in garden centers will kick in...

Retail will be down about 8,000

Manufacturing will lose another 13, 000

Most of the so called "new jobs" will be in the usual suspects: Health Care. Education. Business Services (ie temps). Government (but just barely positive).

The "gains" will be "evenly distributed" as usual....with say 24,000 to 35,000 jobs in each of the usual positive growth areas...

The unemployment rate will rise however by 2 tenths...as more naive people start looking for "spring jobs"...even while some other job seekers give up; drop out of the labor force...and move into a spare bedroom with friends and relatives for a while...