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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (7434)	2/9/2004 11:11:36 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

This is a total farce White House: 2.6 Million New Jobs in '04 story.news.yahoo.com Last year, the Bush administration was looking for the creation of about 1.7 million jobs. But the economy actually lost 53,000 jobs, bringing the total number of jobs lost since Bush took office to 2.2 million. "As 2004 begins, America's economy is strong and getting stronger," Bush said in a statement accompanying the report. In part, the administration's expectation of a pick-up in jobs growth reflects a belief that growth in productivity, or worker output per hour, will slow from its recent elevated level. The fast pace of productivity gains has enabled businesses to boost output sharply with little new hiring. I guess non-productivity is now a good thing.