Wednesday, June 16, 2004

Another reality check

From Ruy Teixeira's excellent Emerging Democratic Majority blog (a/k/a Donkey Rising):

[L]et me add a salient point here: the economy has to add about 140,000 jobs a month simply to keep up with labor force growth and prevent the number of unemployed workers from rising. And 140,000 jobs a month over nine months comes to 1.26 million jobs. Therefore, the seemingly impressive addition of 1.4 million jobs is just barely over the number of jobs the economy needed to add over that period simply to prevent the number of unemployed from increasing.

Doesn't sound so impressive that way, does it?

No, it doesn't. Of course, when anyone points out inconvenient facts like these (or the statistics John Kerry cited in the previous post), the Bushies yell "Pessimist!" Actually, the correct term is "Realist."


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