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Politics : HOWARD DEAN -THE NEXT PRESIDENT? -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (2839)	2/8/2004 12:38:21 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 3079

Corporate Profits Don't Lead to Hiring Anecdotal evidence like this doesn't just worry the jobless, their families and friends. The lagging job market could become a key tripwire for President Bush in this year's election. An economic recovery without jobs may not sit well with voters, who could side with Democrats suggesting that Bush has favored big business at the expense of workers. Indeed, even companies with quarterly profits soaring are shy about adding workers -- if they're not laying people off. "We listened to over a hundred quarterly earnings conference calls and we have not heard from anybody who says they are picking up the pace of hiring," said Richard Yamarone, director of economic research at Argus Research. "Not one." JOB EXPORT WORRIES U.S. companies continue to look toward India and China for cheaper labor, adding to the worries of some that new jobs are headed to Guangzhou and Bangalore rather than Chicago or Boston. Confirming these fears, factory closures and mass firings made headlines this earnings season. biz.yahoo.com