Friday, January 07, 2005
Job creation
Larry Kudlow:
Today’s job report shows that White House economist Greg Mankiw was very nearly right when he projected almost a year ago that 2004 jobs could rise by 2.6 million. He was widely ridiculed inside Washington and at one point the White House itself turned their backs on the Harvard professor’s estimate. But today’s employment release shows the yearly gain for non-farm payrolls coming in at 2.3 million. Close enough for government work. It’s the best jobs performance in five years.
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