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Politics : John EDWARDS for President -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (624)	2/24/2004 8:08:52 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 1381

As I hope you are aware, new UI claims are down only because permanent unemployment is at its highest levels ever, and most importantly engineering unemployment is at a 30 year high, surpassed only by the space/aero bust of the 70s. This in the middle of a brisk, tech led recovery. Bush Team's Fuzzy Math When asked about the figure, Mr. Bush said he was encouraged by the 366,000 jobs created over the past five months. But that recent job creation averages to a mere 73,000 jobs a month; the number predicted in the economic report requires better than 216,000 new jobs a month. The Bush White House has been wrong on this number before: Its estimates of the total number of jobs by year's end overshot the eventual figure by 2.4 million last year and 1.8 million the year before. In 2001, President Clinton overshot by 1.5 million jobs. The Clinton administration under-predicted the jobs number by an average of 1.4 million jobs every year from 1996-2000 The 2.6 million-job figure reflects "the amount of job growth that has usually occurred during recoveries," Shapiro said. The problem is that despite two years of recovery, no such job growth is in sight. "It's that contrast that finally began to make them nervous," he said. cbsnews.com