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April 7, 2006
March employment
Quick take on the March employment numbers:
Good news: payrolls continue to grow -- up by 211,000 in March after a healthy increase in February.
Not so good news: Biggest gainers continue to be in non-export earning areas: food services and drinking places; administrative and support services; general merchandise stores; ambulatory health care services; local government (excluding education); construction of buildings; amusements, gambling and recreation; and hospitals.
These areas accounted for 146,200 jobs (two-thirds of the total).
Again, not a bad month in general, widespread gains offsetting loses in most areas. This was a continuation of the current trends, which unfortunately, do not look good on the export-earning side.
Posted by Ken Jarboe at April 7, 2006 10:26 AM
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