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To: RetiredNow who wrote (65384)	4/3/2004 4:42:15 AM
From: Neil H	Read Replies (1) \| Respond to of 77400

2000wave.com John Mauldin who puts out an outstanding "free" letter dealing with economics/etc addressed this jobs issue in the above url. Worth reading if you want to blow by the smoke of the political campaigns. Worth signing up as this week deals with social security and what must be done to save it (which none of out pols have the moxy to do) Regards Neil

To: RetiredNow who wrote (65384)	4/3/2004 12:04:49 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

Actually I heard we need 150K jobs per month to keep up with population growth, from the economic policy institute on one of the money shows. But we need more than 150K/month now, because we have between 9 and 14 million people who want to find employment in total. This is the unemployed and underemployed workforce. Other economic recoveries had 300K jobs/month growth so that should be a target, why not? That means that in the last 3 months Bush and Greenspan have managed to recapture a net of 741,000 jobs lost in the last 3 years. No mindmeld, that just isn't true. You are playing with statistics. And we all know a manufacturing job or a tech job is not the same as a walmart job, and these areas have been in decline for 3 years and continue to be in decline. For the first time in 44 months, the nation's factories did not shed jobs. But they weren't hiring either. March's figures show zero gains and losses for manufacturers hammered by the economic downturn that began three years ago. The only sector losing jobs last month was information services, where companies cut about 1,000 jobs. The real smoking gun in the jobs situation is income and payroll tax receipts. That tells you what is really happening. The jobs situation, and this administrations total inability to determine what to do about it, is a major reason we have a 550-650 billion dollar deficit from a surplus just three years ago. If people were really striking it out on their own in self employment, as John Snow claims, we wouldn't have steadily declining tax rolls and revisions downward in medicare insolvency.