The New York Times > Washington > Campaign 2004 > Trend Still a Friend, the Bush Camp Says: "The work force participation rate dropped to 62.3 percent in Friday's report from 64.7 percent in the spring of 2000. Despite big monthly jumps in employment this spring, the participation rate has barely moved.
Some of that loss may be explained by demographic shifts and an increase in self-employment that does not show up in the official numbers. But the data still suggests that the American job creation machine may not be as vigorous as it once seemed.
Administration officials say that almost all economic indicators point to strong economic growth for the rest of the year. That, they add, proves that Mr. Bush's program of tax cuts and 'putting more money in people's pockets'' was the correct prescription for a recovery.
Administration officials also point out that the monthly jobs data is notoriously jumpy, based on estimates from two often-conflicting surveys. In an economy with 147 million workers, the margin of error in measuring fluctuations of 100,000 or 200,000 jobs is enormous and the numbers themselves are extremely volatile."
No comments:
Post a Comment
Your comment or question here is very welcome! Or to keep it confidential email me at John@JohnWren.com After you post or send it is very helpful if you then call me at (303)861-1447 to make sure I take a look at your comment here or your email. Thanks!