Saturday, March 11, 2006

Number of employed people increases, causing unemployment rate to increase and incomes to rise. And people wonder why economists drink
  • The nation's employers added a greater-than-expected 243,000 workers in February for the biggest monthly gain since November, the government reported yesterday.
  • Encouraged by help-wanted signs, more people sought jobs, nudging the unemployment Rate to 4.8 percent from 4.7 percent in January.
  • The Labor Department report also showed that the annual gain in incomes was the most in more than four years. The increases in jobs and incomes were signs that the job market will bolster spending and economic growth.

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