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


To: Neocon who wrote (535353)2/4/2004 1:00:30 PM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 769670
 
Not just more unemployed but low wage employed are making less.

"From 2000 to 2002, the number of U.S. families claiming the earned income tax credit rose 8 percent, according to the Brookings study. In Washington, the number of families rose 8.6 percent."

seattlepi.nwsource.com



To: Neocon who wrote (535353)2/4/2004 2:23:01 PM
From: Kenneth V. McNutt  Read Replies (2) | Respond to of 769670
 
Neo

I read similar figures not long ago. Between 5 and 5.5% is average, and considered normal, for the reasons you mentioned. Unemployment below that average is considered inflationary.
Average un-employment under Clinton was 5.7%. Under Bush it is 5.6%. In 1993 under Clinton un-employment was 7.3%, a figure not reached under President Bush. Of course, if it had not been for the anomaly of Y2k and the extraordinary acceptance of the Internet, Clinton's average un-employment would have been much higher. Source BLS. How's your memory? Do you recall the media screaming of lost jobs, and of what Clinton has done to the country. I like to think positively. 94.3 % of American are employed, plus many unreported employed whom have always worked in the underground economy. Onward and upward, President Bush, a man of integrity.

KM