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February 04, 2004

Where are the Jobs?

More of the same:

The services industry forged ahead at a record pace in January, outstripping expectations for a more modest expansion, but job creation faltered...

The employment component of the ISM non-manufacturing survey fell to 53.4 in January from 54.0 in December, to its lowest since October 2003.

Wednesday's report, along with other recent economic data, suggest that the nation's manufacturing sector is gaining some ground good news for the sector's own recovery as well as for the U.S. economy's continued health...

A more forward-looking report released Monday by the Institute for Supply Management said that manufacturing activity was robust in January.

Still, job creation in the sector remains weak.

Growth, but no jobs. Growth, but no jobs. Something's got to give here or there are truly odd things going on beneath the surface of this economy.

Posted by Nathan at February 4, 2004 06:18 PM