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Only 2,571,000 To Go...

by Blake Cook / March 5, 2004 5:14 AM PST

Jobs that is. For GW's employment predictions of 2.6 million new jobs created this year to come true, 257,100 new jobs must now be added every month for the rest of the year. Since only 8,000 jobs were added in January and 21,000 in February, the outlook doesn't look good for those who are simply giving up...

I wonder when trickle down economics will begin trickling down? It has never worked before, so I'm amazed that there are those who still think the trickle down economic theory is viable...

Job Growth Weak With 21,000 Feb. Hires...

"WASHINGTON (AP) - The nation's payrolls grew by just 21,000 in February and left the unemployment rate stuck at 5.6 percent, just as President Bush revved up a re-election campaign that is counting heavily on a revived economy.

The frustrating news for out-of-work Americans, contained in a jobs snapshot released Friday by the Labor Department, showed a continuation of the slow employment growth the country has been enduring. The net gain in "nonfarm" payrolls - government and private employers - fell well short of the 125,000 jobs that economists had been forecasting.

The little growth there was came from the government. Private-sector employment was flat.

"This remains a jobless recovery, pure and simple," said David Rosenberg, chief economist at Merrill Lynch. "Meaningful job creation remains alarmingly elusive.""

More...

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Collapse -
Another Bush called trickle down "voodoo"
by gearup / March 5, 2004 5:42 AM PST

and he was, of course, right. Even if you believe in it it it doesnt work. Never has and never will!

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"Meaningful job creation remains alarmingly elusive.""
by SteveGargini / March 5, 2004 6:02 AM PST

I wonder how many hi-tech jobs have gone to people overseas, where they are prepared to work for a pittance?

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