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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (518396)1/2/2004 9:19:47 AM
From: Hope Praytochange   of 769670
 
54 economists surveyed by The Wall Street Journal believe the U.S. unemployment rate will fall to 5.5% by November, which could translate into more than 1.5 million new jobs. Although the 5.5% unemployment rate is above the 3.8% rate our economy enjoyed in April 2000, it would represent a notable decline from the 6.4% level reached last summer. This is good news for the economy in that the momentum of the second half of 2003 will not be derailed and will run deep enough to trigger meaningful gains in employment and business spending. The consensus also forecasted the GDP to grow at an annual rate of 4.5% in the first quarter, 4.3% in the second quarter and 4% in the second half of the year.
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