:: 2.18.2004 ::
Bush backs off jobs-creation predictions
The forecast of 2.6 million new jobs was contained in the annual Economic Report of the President, a 412-page volume of charts, graphs and text that predicted a bright economic future. The forecast came under special scrutiny after Treasury Secretary John Snow and Commerce Secretary Don Evans refused to repeat the optimistic prediction as they toured Washington and Oregon to promote the president's economic programs. On the one hand, 366,000 jobs have been added since August; on the other, the report's prediction that payroll jobs would average 132.7 million per month this year requires "the creation of 460,000 jobs per month over the next 11 months, according to an analysis by two liberal think tanks, the Center on Budget and Policy Priorities and the Economic Policy Institute." From YahooNews.
:: Deb 2:02 PM :: permalink ::
 comments ::
Links to this post: