The NewStandard ceased publishing on April 27, 2007.

Economy adds more jobs than expected; analysts caution optimism

by Madeleine Baran

Nov. 6, 2004 – The economy added 337,000 new jobs in October, the biggest increase since March, but economists cautioned that the gain could be temporary.

Toolbox
Email to a Friend
Print-friendly Version
Add to My Morning Paper

"This is the kind of job report you want to see at this stage of an economic recovery," Jared Bernstein, an economist at the Economic Policy Institute, a progressive research group. "But we've been here before. Whether this will be a persistent trend is hard to know."

The unemployment rate also increased slightly to 5.5 percent from 5.4 percent, as previously discouraged unemployed workers renewed efforts to find work.

Economic analysts attributed some of the gains to hurricane reconstruction efforts in the Southeast.

Despite the overall strong numbers, the manufacturing sector lost 5,000 jobs, and employment in part-time positions and temporary services agencies increased significantly.

Send to Friends Respond to Editors or Reporter

The NewStandard ceased publishing on April 27, 2007.


Madeleine Baran is a contributing journalist.

Recent contributions by Madeleine Baran:
more