Saturday, March 06, 2004

Jobs in Context
{UPDATE: Job report specifics (thanks for the comment Dayvoe!) show this:
"The biggest job gains in February came in temporary help, which added 32,000 jobs. That suggests that companies aren't willing to hire full-time workers. Government payrolls added 21,000 jobs, mainly at the state level.

Construction led the losers, falling by 24,000 jobs. Harsh winter weather may have been partly to blame. America's factories lost jobs for the 43rd straight month, though the small decline of 3,000 jobs signaled that the worst may be over."


More raw numbers on the Bureau of Labor Statistics release.

Memo/good news for Dayvoe: Pirates are still in first place!}

The recurring theme: How dumb do they think we are?
Only one month ago, financial analysts were buzzing about the White House "forecast," that the Bush economy would create at least 300,000 new jobs per month. Let's not forget also that the job-seeking population base is growing not waiting, so we need anywhere from 140,000 to 200,000 a month just to stay even.

So how many did February bring? 21,000. Will they use the "February-is-the-shortest-month" excuse? Really, the report was even worse than 21,000 since they reduced the Dec. and January job creation numbers down by 24,000.

Unemployment sticks at 5.6%

So today in Crawford with Mexican President Fox, Bush said: "We've got a pro-growth, pro-entrepreneur, pro-small business agenda that is making this economy stronger."

Watch how excited they will be the first time (probably right before the election) they manage 150,000 new jobs a month, just keeping up with population growth. Will they remember they were over 100,000 jobs short in February?

It is time for Americans to begin voting their economic interests; for a political alliance to re-emerge that takes economic injustice to be the number one priority we must address. It will take some compromise on some issues, but this is the alternative: an administration that believes tax cuts for the wealthiest Americans create jobs, and that if they don't, it would have been worse if not for the tax cuts (because tax cuts create jobs...).

I've been reading and thinking alot about just such an alliance lately, and I feel another epic post coming. So beware.

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