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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus_Long who wrote (451361)9/1/2003 7:50:15 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 769667
 
well laz, the page everybody looks at when quoting the BLS is the "most requested statistics" page
data.bls.gov

This is where the nonfarm payrolls are, which is the survey Elaine Chow and the labor people follow. I've never heard of your statistic, is it on the most requested statistics page? The nonfarm payrolls figure is showing the decline of 3 million jobs. But the payroll cost number is worse, much worse, going back to 92 levels.

I really think the best thing for the Bush people is to stop denying there is an issue in jobs. There is an issue and it is serious I can assure you. Maybe only 3 million jobs have been technically "lost", but 3x that have been downscaled, pay-cutted or offshored. The remaining folks have taken low paying service jobs to get by, so while they are technically "employed" it is hardly a panacea.

Bush seems to have finally accepted some responsibility though. Today he created a manufacturing czar position.
He offered few details, however, of how this would be achieved. Mr. Bush did say he had directed Commerce Secretary Donald L. Evans to name a special assistant to focus on manufacturers' needs. The administration would also work to eliminate trade rules that disfavored American industry.
nytimes.com

We have no leeway with China though, with our treasury secretary and these deficits.
China Preparing Concessions to Blunt U.S. Economic Pressure
nytimes.com