[Mpls] March payrolls explode, but Minneapolis has to pay Allina millions for a handful of new jobs

[Jason C Stone]

You forgot to include the quote from the same article saying that job growth is still lower than
we would normally expect at an economy growing at this rate.  Nor does the increase in jobs
reflect stagnant or decreased wages or people leaving unemployment to take jobs at reduced
salaries.  I wonder what percentage of Minneapolitans received more than a 2% pay increase over
the last couple years.

Jason Stone
Diamond Lake

--- Victoria Heller <victoriaheller at comcast.net> wrote:
> Just released:
> http://www.thestreet.com/_medge/markets/meredithderby/10152017.html
> 
> The labor market roared back to life in March, adding 308,000 nonfarm jobs,
> as the Federal Reserve's two-year-old commitment to easy credit finally
> sparked the employment revival seen as crucial to President Bush's
> reelection. Stock futures, bond yields and the dollar spiked on the news. 
> 
> In addition to March's blowout number, which represented the greatest
> monthly job growth since April 2000, the Labor Department also revised
> higher the number of jobs added in the year's first two months. In January,
> payrolls grew by 159,000, not the 97,000 reported last month, while February
> payroll growth was 46,000, not the originally reported 21,000.
> 
> Vicky's comment:
> 
> Oops, bad timing again.  Minneapolis hands over MILLIONS of taxpayer dollars
> to Allina -- JUST BEFORE THE NEW JOB EXPLOSION!  If Minneapolis were a
> listed stock, I'd be short.
> 
> Vicky Heller
> North Oaks and Cedar-Riverside
> Opening bell in 3 minutes - got to go.
> 
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