Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (39687)	3/17/2004 2:28:35 AM
From: lurqer	Read Replies (2) of 89467

The Fed tracks the sagging job market The following small changes in the Federal Reserve Open Market Committee's policy statement over the past three months show how the Fed's assessment of the nation's employment picture is changing. December 9, 2003: "Output is expanding briskly, and the labor market appears to be impropving modestly." January 28, 2004: "Output is expanding briskly. Although new hiring remain ssubdued, other indicators suggest an improvement in the labor market." March 16, 2004 "Output is continuing to expand at a solid pace. Although job losses have slowed, new hiring has lagged." newsday.com lurqer

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