The Facts on That 112,000 Jobs in January !

[stewert]

1) The Bush Administration called the tax cut package, which was passed in May 2003
and took effect in July 2003, its Jobs and Growth Plan. The president's economics staff, the
Council of Economic Advisers, projected that the plan would result in the creation of 5.5 million
jobs by the end of 2004 & 306,000 new jobs each month, starting in July 2003.

2) Although jobs increased by 112,000 in the month of January 2004, the Jobs
and Growth Plan still fell 194,000 jobs short of the administration's projection.
(Actually, job gains in the month of January were less than 30,000 once seasonal adjustment
problems for retail hiring and strike effects are removed.)

3) The administration projected that a total of 2,142,000 jobs would be created in the first
seven months after the tax cuts took effect. In fact, only 296,000 jobs were created over
that period for a cumulative shortfall of 1,846,000 jobs.

http://jobwatch.org/

PAUL KRUGMAN, "NEW YORK TIMES" COLUMNIST: The question is, the real benchmark is, the
economy has to create about 150,000 jobs each month, just to keep up with the growth in
the working age population.

http://www.pkarchive.org/economy/MSNBCHardball110703.html

[salin]

1. I was just wondering about these very questions

puts it into bush context. Thanks Stewert :thumbsup:

[karabekian]

2. more jobs is a good thing

regardless of who is in office when they are created.

[JanMichael]

6. Not keeping pace and busting the budget is a bad thing...

...regardless of who holds office.

[Kathy in Cambridge]

7. There is insufficient job growth to meet population growth

and we only gained 1,000 jobs in December. Are you defending the administration's job plan?

[mhr]

9. Wrong - The Economy Is Not Creating Enough Jobs

To Handle:

Recently Unemployed,
New Jobs entrants, and
Long-Term Unemployed.

Have been unemployed for 43 months here.

No job prospects in sight.
Went to job fair two weeks ago, 3000 people for 300 positions.

Between tax cuts that stimulate investment overseas and corporations shipping jobs overseas, new jobs are not being created in sufficient numbers in the US.

Those are the facts.

When the economy is not creating enough jobs to stay even, let alone handle growth of new entrants, we have serious problems.

For those that say retrain, I say for what? I already have two professional degrees and plenty of professional work experience.

This is not an option.

[PROGRESSIVE1]

3. Is it possible for Bush to make up for all of the jobs lost?

If so, then we may be "screwed" in November.

The economy did not create new jobs, but it kept pace will be the spin of :puke: media.

[Doctor_J]

4. Possible? Yes.

if he remains in office until 2026, there is every reason to believe that the lost jobs will be recovered.

[Tears4fear]

5. 2026!?

if he we4re to stay in office till 2026 teh world would end!!!!!

[newyawker99]

10. Hi Tears4fear!!

Welcome to DU!! :toast:

[John BigBootay]

12. You really get around, Newyawker99--

I've rarely seen a new member who was NOT greeted by you.

[treepig]

11. no, not really

since even in months when there is job growth, we're still falling behind the number just needed to account for population growth.

[fizzana]

8. Left out of the numbers is the fact that manufacturing jobs

declined in January despite the gains in other areas. The biggest gainers were jobs in services. We're still losing well paid jobs with good benefits and gaining lower paid jobs with no or few benefits.

I read somewhere that the average pay of jobs lost since Bush took over is $43,000 PA and the average pay of jobs created in that time is $35,000.

[rocktivity]

13. Here's where the job growth is (in New Jersey, at least)

Note that only two of them require college degrees.


rocknation

[theoceansnerves]

14. mcjobs

the reporter announcing the job numbers this morning on cnbc said 105,000 of the 112,000 were jobs created in the service sector. so a lot of people got hired on at mcdonalds, burger king, and wal-mart. i don't know if that number is 100% is accurate, but i doubt anyone will ever mention that again.