Happy Days are here again....NOT!!

As Bill in DC says, "it looks like we need more tax cuts"

146,000 Jobs Added in January, Fewer Than Expected

[T]he economy continued to add jobs at an unexpectedly modest pace as 2005 began, leaving a long-forecast boom in employment still somewhere off in the future.

The nation's payrolls grew by 146,000 jobs in January, roughly matching the growth in the population, the Labor Department reported today. Weekly wages for rank-and-file workers - about 80 percent of the labor force - fell because companies reduced the average length of the work week.

The unemployment rate dropped to 5.2 percent, from 5.4 percent, to the lowest level since just before the terrorist attacks of Sept. 11, 2001. But the drop was largely a result of a rise in the number of people no longer looking for work, who are not considered unemployed.

So at best it was a draw. The numbers may represent a basic change in the economy which the Social Darwinists see no need to address.

While the job market is clearly healthier than it was for much of 2002 and 2003, it has yet to improve at anywhere near the pace it did during the expansions of the 1980's and 1990's.

That has left some economists to speculate that the relationship between growth and employment may have changed, as technology and globalization have dampened the need for American workers.

The administration that is attempting to return the US to the 16th century culturally is on it's way to returning it to the feudal economy of the 16th century. The Calvinists should be happy, they will have plenty of opportunity to suffer here on earth to earn their place in the afterlife.