Just curious - Word on street is 150,000 new jobs in March -and Cheney has

[papau]

scheduled an econ speech for 3 hours after the Friday release of the numbers.

Why do the folks in the Bush administration pretend to still be working on the numbers?

[papau]

1. One Wall street source is saying over 200,000 new jobs!

I suspect the usual exaggeration - but the for once the folks I deal with on the Street seem very sure - so my question is why are they so sure?

[Kadie]

2. Numbers don't matter with these guys anyway

The always revise them a few weeks down the road.

Take it all with a grain of salt. Maybe someone should do a story on all the times they have revised the numbers.

[trumad]

4. So... they've got

2 million 800 thousand jobs left to make up ..... er..OK

[Kadie]

6. Yeah, only this administration

would get excited and make a big deal over a drop in the bucket.

[htuttle]

3. Does 150,000 jobs in a month even break even?

Does it even keep up with population growth? It's pretty close it it, I believe.

[mhr]

5. So What, That Still Puts Their Plan Behind By Over 2 Million Jobs

and barely keeps up with new workforce entrants for just one month.

We need to see 300,000 net new jobs per month for like 12 months before we make a dent in the unemployed labor force.

Who are these folks kidding.

Disclosure: Unemployed for 46 months, I have first hand experience.

See www.jobwatch.org for more details.

[Bluzmann57]

7. 150,000 new jobs?

Is Wal Mart building some new stores? Or does that mean the jobs are in China or someplace like that? It is doubtful that even if there are 150,000 new jobs created any of them will pay a livable salary. I mean there are quite a few $7 per hour jobs out there. Thats what needs to be looked into, whether these alleged jobs are actually going to allow people to make a livable wage or just some jobs that a person who has been unemployed for a year may want out of desperation.

[mmm]

9. Exactly. What are these jobs and where are they?

I know a lot of good people who can only find
25 hour a week 7/hr jobs. No one can live on that
(plus they are getting no insurance).
I have never seen the job market as bad it is now.

[Ganja Ninja]

8. Time to break out the old "Jobs and Growth" backdrop.

God I'm sick of those stupid backdrops.

[BiggJawn]

10. Wow! 10,000 new Taco Bells!

Or "Hot n' NOW" or "Rally's"...

150,000 new burger-flipping, toilet scrubbing jobs.
Or are the Bush Pioneers finally flush enough that they all can hire a full-time "boy" to wash the SUV?

Economists cook numbers like Emeril cooks GAHHHHHHH-Lic.

"BAM! New Jobs!"

[Ilsa]

11. My husband's company did some hiring; unfortunately, it was

engineers from India for some software projects. I wonder how many of those jobs are in this 150,000 number?

[dweller]

12. hmm...refresh my memory

what was the outlook for Feb04? 125,000

and the actual #'s again for Feb04? 21,000


?,
dp

"Payrolls outside the farm
sector grew by just
21,000 jobs in February,
the Labor Department
reported, compared with
a downwardly revised
gain of 97,000 in
January. The
unemployment rate held
steady at 5.6 percent.

Economists, on average, had expected 125,000 new jobs and
unemployment at 5.6 percent, according to Briefing.com.

"This is a terrible number," said Sung Won Sohn, chief
economist at Wells Fargo. "The economic recovery is almost
three years old, and the economy should be producing
200,000 to 300,000 jobs per month."
link: http://money.cnn.com/2004/03/05/news/economy/jobs/

[elperromagico]

13. Cool. If they create 2,850,000 new jobs in April,

they might break even!

[PVnRT]

14. Where are these jobs?

Wait, they won't answer that.

[elperromagico]

15. Oh, and about Cheney's economy speech,

maybe Fox News can provide another split screen like they did for Unka Dick's speech on security. I can see it now: Cheney speaking about job creation coupled with shots of unemployment lines around the country! :D

[Screaming Lord Byron]

16. What about that guy a few months back who had a Wall St friend

who was sure they were about to announce 250k new jobs. How often are we going to hear this?

[papau]

17. Good question - I expect about 130000 because of the strikes ending

but that is just back of the envelope with no spin.

It will be interesting to see just how wild it gets with everyone noticing the Cheney econ speech being scheduled for 3 hours after the numbers are released.

Will the spotlight hold them back?

[rucky]

18. A million billion new jobs

which is how much Kerry is going to lose with his plan.

I know this because I watch Bush/Cheney ads on TV.