Monday, August 08, 2005

More Good Economic News

The US Department of Labor recently announced the addition of 207,000 new jobs in the month of July. Year to date, more than 1.3 million jobs have been created.

To put these figures in perspective, check out this graph and table of historical jobs growth from the Department of Labor. Clearly, recent job growth does not match the boom years of '96 through '99. But in light of recent offshoring trends, the emergence of China as a global manufacturing force, and continued struggles in the telecommunications sector, domestic employment growth is outstanding.

No comments: