Friday, May 18, 2007

U.S. job market looks less sturdy in hindsight

(Reuters) - According to the numbers, a meager 19,000 private-sector
jobs were created on net during the entire third quarter of
last year, in sharp contrast with the nearly half a million
reported in the closely watched payrolls survey.




That means employment may indeed have suffered the brunt of
the housing slump even if this retreat has yet to be reflected
in the monthly government data.


Read more at Reuters.com Economic News

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