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February 03, 2007
Good new is no news
Opinion Journal takes a look at the employment numbers.
Readers will recall that the current expansion was derided right through 2004 as a "jobless recovery." We now know the economy has created 7.4 million new jobs since mid-2003, as revisions by the Bureau of Labor Statistics have added hundreds of thousands to its original monthly estimates. Thus the hand-wringers have had no choice but to move on, turning their laments to allegedly "stagnant wages." Well, that's now vanishing too.
Don't expect to see much about this in the mainstream press.
Posted by Tom Bowler at 10:56 AM | Permalink
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