On the recordFebruary 6, 2004
First of all, just a few minutes ago, this morning, with regard to the employment situation, we have been given very good news. The unemployment rate is at 5.6 percent, which was little changed, but the nonfarm payroll employment increased by 112,000, with job gains in construction and several service-providing industries. Indeed, that is very good news. That is 112,000 new jobs in January. If we look back to last August, we have seen a creation of 366,000 payroll jobs. These numbers are very good news. It demonstrates we have turned the corner. But, clearly, we have a lot more work to do as we go forward. So there is very good news today on the job front; the trends are in the positive, right direction. But, again, we have a lot more work to do. The economy is doing well. I say that very quickly, and say we have a lot more work to do in job creation. But, again, that figure of 112,000 is very good news.
Source
govinfo.gov
