Hi Lizzie, more JOBS DATA:
earlier, you claimed that the labor force grows at about 125K per month, so the most recent jobs growth gains aren't that impressive when compared with that. Well, here are the facts:
Growth of the labor force:
Jan 2001 = 143,787,000
Dec 2003 = 146,878,000
Jan 2004 = 146,863,000 => -15,000
Feb 2004 = 146,471,000 => -392,000
Mar 2004 = 146,650,000 => +179,000
Extra trivia. Between Jan 2001 and Mar 2004, the labor force grew at an average rate of 73,410 per month, not 125K per month as you had said earlier. :)
Jobs Growth:
Dec 2003 = 130,035,000
Jan 2004 = 130,194,000 => +159,000
Feb 2004 = 130,240,000 => +46,000
Mar 2004 = 130,548,000 => +308,000
Jobs Growth NET of labor force growth:
Jan 2004 = +174,000
Feb 2004 = +438,000
Mar 2004 = +129,000
Total = +741,000
That means that in the last 3 months Bush and Greenspan have managed to recapture a net of 741,000 jobs lost in the last 3 years. Not bad for policies that Kerry and the Democrats say aren't working.
Total jobs when Bush took office Jan 2001 = 132,388,000. Total jobs today = 130,548,000. Total jobs lost = 1,840,000. Time to recapture remaining jobs lost ~ 6 months at March's rate of jobs growth...just in time for re-election. :) |
