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Short for America’s Workers Again
March 5, 2004

• The economy gained only 21,000 jobs in February, 285,000 fewer than President Bush promised. That’s one job created for every 380 unemployed workers.
  
• With such anemic job growth, there are 2.2 million fewer jobs today than when President Bush first took office.
  
• At the February rate of job growth, it would take nearly 9 years to recover all the jobs lost under President Bush.
  
• Three thousand more manufacturing jobs were lost last month, continuing the trend of manufacturing job losses in every month of the Bush Presidency. The economy has lost 2.8 million manufacturing jobs since he took office. No amount of cooking the books to count burger flipping as manufacturing will get those jobs back.
  
• The unemployment rate remained 5.6%, but it’s actually 9.6% when you include workers so discouraged about the economy that they’ve given up looking for jobs and those forced to work part-time because full-time jobs are not available.
  
• The rate of unemployed workers out of work for more than 6 months continued to grow, early one in four has been out of work for more than 6 months, twenty year high.
  
• And revisions were made to job creation numbers for prior months, showing that the economy created even fewer jobs in the past few months than the Department of Labor originally reported.
  
  Jim Rogers