Tuesday, February 01, 2005

What Will Friday's Employment Report Tell Us?

On Friday, we will see how many jobs were added to the economy in January 2005. I am predicting that between 200,000 and 350,000 jobs were added.

With the manufacturing industry still growing and the retail industry also on the rise, the US economy should be humming along at a pretty good pace throughout 2005.

But just as employment lagged in the red-hot economic growth of last year, employment numbers may continue to underperform in 2005.

If at least 200,000 jobs are added in January 2005, then we can continue to expect growth across the entire economy.

The US economy seems to be dragging the world economy along for the ride. Which only reminds me that some world Democracies might be wise to do whatever they can to insure America's economy remains healthy.



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