In order to make up the 2,000,000 new jobs that President Bush promised for his first term, Krugman pointed out some time ago that the economy would have to produce 250,000 new jobs per month until the November Election. So far, that's not happening. Why, just last month in February job growth stalled in February, to only 21,000 new jobs.
Prediction: the Republicans will fulminate that Democrats are purposely turning down jobs and remaining unemployed in order to keep the numbers artificially low. Everybody knows that the unemployed are all Democrats!
Friday, March 05, 2004
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