Newspaper article The Christian Science Monitor

Big Jobs and Big Macs: Good Week for Workers, Consumers

Newspaper article The Christian Science Monitor

Big Jobs and Big Macs: Good Week for Workers, Consumers

Article excerpt

The great American jobs machine keeps on humming.

Businesses created 339,000 jobs in February, the government said - the largest gain in nine months and about 100,000 more than expected. The unemployment rate fell from 5.4 to 5.3 percent.

The big winners? Construction, for one, with a third of the job gains, thanks to a warm winter. Regionally, Western states fared well, says John Mitchell, an economist at US Bank in Portland, Ore. "Seattle is just booming," flying high on new jobs at Boeing and Intel, he says. Other top job gainers: Nevada, Utah, Idaho, Oregon, and Arizona. Another winner: President Clinton. The news let him turn from fund-raising scandals. "Our nation has created almost ... 12 million (jobs) since January of 1992," he said Friday. "The economy is on the right track." Last week brought plenty of evidence to back him up - a surge in new-home sales, a rise in consumer spending and a jump in the index of leading economic indicators, a forecaster of future activity. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.