To: Kenneth E. Phillipps who wrote (536436 ) 2/6/2004 10:47:55 AM From: Thomas A Watson Respond to of 769670 Dear lying and libeling Kenneth E. Phillipps, time for your hissyfit. Great news on new jobs.... The graph that give lying and libeling Kenneth E. Phillipps ulcers... apnews.myway.com Jobless Rate Drops; 112,000 Jobs Added Email this Story Feb 6, 9:11 AM (ET) By LEIGH STROPE (AP) The productivity of America's workers slowed in the final three months of 2003, advancing at a 2.7... Full Image WASHINGTON (AP) - Civilian unemployment dropped to 5.6 percent in January to the lowest level in more than two years as companies added 112,000 new jobs, fewer than expected but still providing fresh signs the prolonged hiring slump may be ending. The jobless rate fell 0.1 percentage point last month to the lowest level since October 2001, when it was 5.4 percent, the Labor Department said Friday. January's rate matched the 5.6 percent posted in January 2002. Employers added new jobs last month at a pace not seen in three years. The last time payrolls expanded more than 112,000 was in December 2000, when companies added 124,000 positions. January's hiring gains marked the fifth straight month of increases, and followed a revised 16,000 new jobs added in December, better than the 1,000 initially reported. (AP) The graphic tracks factory orders, as reported by the Department of Commerce, for the past year.... Full Image Hiring by retailers and construction companies accounted for much of the overall increase in payrolls. However, the nation's factories continued shedding jobs, though at a slower pace than in previous months. The report provided hope that the economic recovery was finally reaching the labor market. But economists still had concerns. They had predicted payrolls to jump by 150,000 or more last month. Job growth is expected to be a key issue as November's presidential election nears, and President Bush could be vulnerable. The economy has lost more than 2 million jobs since he took office, giving him the worst job creation record of any president since Herbert Hoover. Analysts are looking for monthly payroll gains of 300,000 or more for sustained job growth, and the economy remains far from that mark. Businesses are being squeezed by intense competition from other countries, and are holding down costs by not hiring in the United States. Instead, they are working their existing employees harder, hiring temporary workers or shipping jobs overseas. About 8.3 million people remained unemployed in the United States last month. But January's unemployment rate still dropped despite an increase in the labor force. More than 420,000 workers jumped back in to the job hunt, expanding the pool of available workers. Construction companies helped boost overall hiring gains, adding 24,000 new jobs last month. Buoyed by continued strength in the housing market, the sector has added 147,000 positions to its payrolls since last March. In the service sector, where most of the job growth is taking place, retailers added 76,000 new jobs. Garden supply and home building material stores were particularly strong, also reflecting a strong housing market.apnews.myway.com