Home |
Search |
Today's Posts |
#2
![]() |
|||
|
|||
![]()
On Thu, 08 Jan 2004 21:37:35 -0500, Harry Krause
wrote: An editorial from the Wisconsin State Journal January 8, 2004 The United States Department of Labor announced this week that, over the course of last year, American businesses cut 1,236,426 jobs in 2003, exposing the lie of President Bush's so-called economic "recovery." Far from easing up, the cuts increased as 2003 went on - the final quarter of the year saw 364,346 job cut announcements, making it the worst quarter for such announcements in 2003. "(It) is difficult to get too excited about a year in which more than 1.2 million people fell victim to downsizing," says employment analyst John Challenger. We agree. Indeed, if the Bush "recovery" heats up much more, we wonder whether anyone will have a job. Yes, someone will have a job. However, all those numbers cited above do not agree with the actual numbers from the Dept of Labor, Bureau of Labor Statistics. Of course, it says right at the top that it's an editorial, so it doesn't matter that it's a lie. For the actual figures, see: ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb3.txt Brief summary: For the most recent 12 month period that data is available for, Dec 2002 to Nov 2003, the number of non-farm employees went from 130,198,000 to 130,174,000 for a loss of 24,000 jobs, not 1.2 million. Also, it's a lie that the last quarter saw job cuts. The latest 3 months in the chart (Sept-Nov 2003) jobs went from 129,980,000 to 130,174,000 for a net gain of 194,000 jobs, which is a pretty good quarter. Someone should tell the Wisconsin State Journal to check the figures in their editorials before they publish them. Steve |