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 (501983)	12/2/2003 9:46:08 AM
From: Oeconomicus	Read Replies (2) of 769667

"Payrolls have declined by 1.1 million since the recession ended in November 2001." Sorry, Kenny - don't believe everything you read. Mr. Gramlich is mistaken. Non-farm payrolls for November 2001 were 130,900,000. The October 2003 number was 130,132,000, for a difference of 768k. See for yourself at bls.gov BTW, we get November payroll numbers this Friday. Consensus is for a gain of 150k - I bet it'll be considerably higher than that. PS: Bear Stearns raised its estimate of current qtr GDP up to +5%, in part because of yesterday's ISM report showing the fastest manufacturing growth in 20 years. So sad for Dean, Kerry, et al. LOL.

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