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Jobs: Solid Growth into the New Year (we heard this all for over two years

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private_ryan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 02:36 PM
Original message
Jobs: Solid Growth into the New Year (we heard this all for over two years
http://story.news.yahoo.com/news?tmpl=story&ncid=&e=5&u...
*** snip ***
PLEASANT SURPRISE? Given this firm rebound, combined with other factory data indicating accelerating order and shipment activity and plummeting inventories relative to sales, it appears the best guess for the future is that the factory sector is poised for a solid run of accelerating activity necessary for output to keep pace with sales.

We at MMS International are more comfortable projecting monthly payroll gains of 50,000 to 100,000 through the remaining months of 2003, with bigger gains of 150,000 to 200,000 in 2004. This translates to a moderation in productivity growth to 4% in the fourth quarter and 3% in 2004 overall, as should be expected as the expansion matures.

The bottom line: Unless GDP (news - web sites) unexpectedly slows sharply, it appears that payroll growth has returned to the positive side of the ledger. A big pop in at least one of the months of final quarter of the year is even possible.
http://story.news.yahoo.com/news?tmpl=story&ncid=&e=5&u...
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bif Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 02:40 PM
Response to Original message
1. We lost what, 3 million jobs?
And we're supposed to get exzcited about 50,000 new jobs? Just doesn't add up.
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lovedems Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 02:44 PM
Response to Reply #1
3. I don't think it will add up.
MMS international might be another company in with Bush. He's got plenty of people willing to distort facts and do his lying for him.
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Noordam Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 02:43 PM
Response to Original message
2. The Clinton era 2400 jobs per day in the
http://www.florida.computerjobs.com / is the normal Bush number of 400 with most of them dupes.

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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 02:45 PM
Response to Original message
4. Same shit, different calendar year
Economic fundamentals are solid blahblahblahblah productivity growth looks good blahblahblahblah we anticipate solid economic growth in late 2001/early 2002/summer 2002/late 2002/early 2003/late 2003 early 2004 blahblahblahblah.

Christ, what a bunch of one-trick ponies!
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mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 02:47 PM
Response to Original message
5. This Part Throws Cold Water On the Hype
"Some economists held out hope that an upward revision in payroll statistics for the past several months would help close the gap between extraordinary output growth and the sluggish labor market data from the establishment survey. But the BLS's announcement that the next payroll benchmark will likely leave a net downward revision of approximately 145,000 in the March, 2003, level of payrolls, rather than the 600,000 upward revisions expected by many, means those annoying New Economy theories will remain in play for now. In fact, the gap is not likely to be meaningfully closed by revisions in the foreseeable future."

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Maine-i-acs Donating Member (989 posts) Send PM | Profile | Ignore Tue Oct-07-03 03:07 PM
Response to Original message
6. "Welcome to Wal-Mart".
Job training for the 21st century.

Crapola statistics. Get some meaningful jobs in here pronto.
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Voltaire99 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 05:16 PM
Response to Reply #6
7. Nice post
That greeting is the death knell for the hopes of millions and millions of Americans - a sentence to low wages and a dim future. (But not entirely without benefits: the store pumps in Dubya's speeches over the PA free of charge.)
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