http://www.salon.com/tech/wire/2004/11/05/employers/index.htmlThe hurricanes clearly had an impact and 300,000-plus payroll increases aren't sustainable in the coming months, Wyss said. But monthly increases of 200,000 are realistic through the end of the year, he said.
Amid a rally on Wall Street, investors enthusiastically greeted the jobs numbers. In early trading, the Dow Jones industrial average rose 52 points. The Nasdaq gained 16 points.
The jobs report was good news for President Bush as he prepares for a second term. A generally weak job market plagued his re-election campaign, offering a political target to his Democratic challenger, John Kerry. The administration quickly took credit.
"There can be no doubt that President Bush's tax relief, combined with good monetary policy, the strength of our small business sector and our outstanding work force, has led to a growing economy that is producing good jobs for American families," said Treasury Secretary John Snow.