Jobs Data Expose Wall St.-Main St. Gap

[True_Blue]

NEW YORK (Reuters) - The latest batch of disappointing U.S. employment data highlights a gap between Wall Street's economic forecasts and the tough labor market facing nearly eight million unemployed Americans.

The disparity between economic models and real life also casts doubt on the reliability of predictions for strong economic growth in 2005, some analysts worry.

For over a year now, economists at leading investment firms have been saying that blockbuster job creation was just around the corner. But the economy has not delivered.

The January employment report released on Friday was no different. Median estimates converged around 190,000 new positions. In fact, only 146,000 turned up.

more....
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=7546742

[yella_dawg]

1. As the economy builds up a head of steam

the pressure to create jobs gets bled of to offshoring.

Possibly??