Jan. Job Gains Seen Strong, Erasing Bush Losses
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If forecasts can be believed, job  growth in January will finally return U.S. employment to where  it was before the 2001 recession and erase the jobs lost during  President Bush's first term.
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US job growth revived last month, the government reported Friday, providing fresh ammunition for the presidential candidates as they debate the strength of the economy in the final two months before the election.
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Stock index futures rose briskly on Friday, signaling a higher market open, after a government report showed job growth in February was nearly in line with Wall Street's expectations and the unemployment rate fell, easing worries about the economy.
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U.S. stocks were set to open higher on Friday after news that the U.S. economy added more jobs than expected in November, easing concerns about slowing growth.
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Wall Street celebrated President Bush&#39;s re-election with a strong rally Wednesday, surging higher as investors welcomed the Republican&#39;s victory.
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The US economy generated 146,000 jobs in January, the government said in a report that was well below most forecasts and which suggests still-modest economic growth ahead.
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The U.S. economy added a weaker-than-expected 111,000 new jobs in January with the bulk of hiring in the service sector, but hiring for the prior three months was stronger than earlier estimates, a government report on Friday showed.
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NEW YORK : President George W. Bush&#39;s re-election sparked a broad stock rally, as Wall Street welcomed the decisive victory for the candidate seen as the most business-friendly.
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Industrial output fell in January while the number of Americans filing for jobless benefits jumped sharply last week, according to a flurry of reports that raised doubts about the economy's health.
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The job market looked much like the economy as a whole last month: subdued but strong enough.
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President Bush hailed a slight decline in unemployment Friday as reason for his re-election, evidence the "economy is strong and getting stronger." Not so, said Sen. John Kerry, countering that the administration's term will end with a net loss of jobs.
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The US job market remains strong, and that should translate into bigger pay raises for workers, whose wages have risen sluggishly during the current expansion, said a top economic adviser to President Bush.
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The Bush campaign is blowing on the dice and praying for good jobs data Friday. Recruitment firm Challenger, Gray &amp; Christmas tracks hiring and layoff announcements around the country.
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Stocks were set to open higher on Friday as signs of continued strength in the job market eased concern about economic growth and the outlook for corporate profits.
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Stocks gained on Monday,  buoyed by  relief that Iraq's historic election went off without major  disruptions, but that was not enough to prevent a lower finish  for the month of January.
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It appears to be avoiding dire predictions of a sharp rise in unemployment and a loss of business confidence.
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On Thursday, President Bush thrilled Republican delegates in New York with his acceptance speech. On Friday morning, he got a welcome jobs report.