PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (508485)	12/12/2003 4:33:01 PM
From: geode00	of 769670

One million new jobs next year? The rate will probably go up. It would take about 2 million new jobs to cause the rate to drop. Right, I didn't understand those calculations either. I thought it took about 150K/month = 1.8 million just to keep up with new entrants in the job market. I don't see how 1 million helps. Also, the other part of the equation is the relationship between GDP growth and productivity growth. If GDP growth is on fire, great. However, if productivity growth is also on fire as it has been (slave drivers unite!) then we will still feel the sting of unemployment. Something's very odd in this although I would be very happy to see a robust economy.

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