Job Growth Weak With 21,000 Feb. Hires
Chicago tribune
By JEANNINE AVERSA
Associated Press Writer
Published March 5, 2004, 10:14 PM CST
WASHINGTON -- The nation's payrolls grew by just 21,000 in February and left the unemployment rate stuck at 5.6 percent, just as President Bush revved up a re-election campaign that is counting heavily on a revived economy.
The frustrating news for out-of-work Americans, contained in a jobs snapshot released Friday by the Labor Department, showed a continuation of the slow employment growth the country has been enduring. The net gain in "nonfarm" payrolls -- government and private employers -- fell well short of the 125,000 jobs that economists had been forecasting.
The little growth there was came from the government. Private-sector employment was flat.
"This remains a jobless recovery, pure and simple," said David Rosenberg, chief economist at Merrill Lynch. "Meaningful job creation remains alarmingly elusive." (Full Story)
A personal quest to promote the use of wind energy and hydrogen technology in the Great Lakes area of the United States. The Great Lakes area is in a unique position to become an energy exporting region through these and other renewable energy technologies. *Update 2014: Just do it everywhere - Dan*
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