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

To: DuckTapeSunroof who wrote (640581)	10/8/2004 9:04:52 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

The economy is slowing. The signs are unmistakeable.

To: DuckTapeSunroof who wrote (640581)	10/8/2004 9:08:20 AM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769670

Manufacturing jobs fell for a third time this year. ``The report has to be viewed with disappointment,'' said Chris Rupkey, senior financial economist at Bank of Tokyo- Mitsubishi Ltd. in New York, before the release. ``The economy is not creating the new consumers it needs to power it forward. There is reason to believe the economy isn't completely out of the woods.'' The U.S. Treasury's benchmark 10-year note rose after the report showed job growth slowed amid record oil prices, reinforcing that the Federal Reserve may raise its target interest rate only once more this year. The result falls short of the average 150,000 jobs a month needed to absorb a growing labor force and keep the jobless rate steady. Manufacturing, a category that's critical in many of the so- called swing states in this year's campaign, lost 18,000 jobs, the most since December. The U.S. lost about 2.6 million factory jobs since January 2001.