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

To: Kenneth E. Phillipps who wrote (491371)	11/12/2003 9:54:23 AM
From: JakeStraw	Respond to of 769670

I'm still waiting for YOU to answer my question Kenneth Message 19493280

To: Kenneth E. Phillipps who wrote (491371)	11/12/2003 9:57:51 AM
From: JakeStraw	Read Replies (2) \| Respond to of 769670

More good national economic news Wednesday, Nov 12, 2003 By David Sanders Last week, I wrote the following, referring to future expansion in the economy: "Even if gains in output level off in coming quarters, the increases in productivity and real increases in profits will set the stage for increased employment." Well, the table was set and the main entrée was served last Friday in the form of a jobs report delivered by the U.S. Labor Department. The U.S. economy not only added 126,000 jobs in October, which was widely reported, but the department's revised number showed that the country also added 125,000 jobs in September. It has been said that economic growth and productivity are the sparks that light the economic fire, while jobs are the logs that set the fire ablaze. Some observers believe the rolling four-week average for jobless claims indicate future job growth for November as well. In addition to the good news about job creation, the unemployment rate dropped to 6 percent in October, which was down from 6.1 percent in September. Wages and earnings of Americans have grown by 2.4 percent. Employment has always been a lagging indicator of economic activity. Those of us who were patient knew that time would deal with employment - that prediction has come true. Economic recovery is well under way. When one considers the growth in GDP, coupled with the increases in productivity and profits and now the new addition of jobs over the past few months, arguments against a sustained recovery will be hard to take seriously. Needless to say, critics - mainly the Democratic candidates for president - will try to explain this recovery away. arkansasnews.com