OxBlog

Friday, May 07, 2004

# Posted 5:03 PM by Ariel David Adesnik  

GOOD NEWS ON JOBS: Or not. It depends on your perspective:
"Any step forward in the job market is good news for America's workers, but let's be clear: we still have a long way to go to get America working again," said Democratic presidential candidate Sen. John Kerry (Mass.), in a statement. "America is still in the worst job recovery since the Great Depression, with 2.2 million private-sector jobs lost in the Bush presidency, 8.1 million Americans still looking for work, and long-term unemployment at the highest level in twenty years."
As one might infer from Kerry's statistics (which are not the only ones out there), it will be almost impossible for Bush to head into the elections with less than a 1 million net private-sector job-loss on his hands. But if the economy really does add another 1.2 million jobs before November, I don't think it will matter what Kerry says.
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