Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups





















Tom Brokaw Helpfully Corrects Prime Minister Alawi | Main | Another Moore Rip
June 30, 2004

Jobs, Jobs, Jobs... "Nearly a Million Jobs in 100 Days"

Consensus estimate: 250,000 in June, slightly beating May's 248,000.

There's the possibility of upward re-adjustments of previous months, which is something we've seen again and again during this boom. And of course we could get another pleasant surprise, and see even more jobs than this created.

But I actually think that the period of positive surprises is passing us; I think that economists have adjusted their thinking, and that therefore the estimates won't necessarily be lower than the real numbers anymore. We'll start seeing estimates that are high about half of the time and low about half of the time.

On to the cowbell:

WASHINGTON, June 30 (Reuters) - U.S. employment likely surged again in June, taking gains this year to some 1.4 million jobs and bolstering President George W. Bush's economic record ahead of the November election, analysts said onWednesday.

Economists believe 250,000 jobs were created this month, virtually matching May's jump of 248,000, though the unemployment rate probably will not budge from 5.6 percent because newly hopeful job-seekers are returning to the job market.

"I think the gains will be quite widespread again, and as we saw in April and May, we are likely to create slightly more higher-paying than lower-paying positions," said Lynn Reaser, chief economist at Banc of America Securities.

Even if the unemployment rate does not decline, analysts expect the Labor Department's closely watched payrolls report, due on Friday, to confirm broad strength in what months ago was still only a tepid economic recovery.

The creation of nearly a million jobs in the last three months ended years of worry about the slow recovery from the 2001 recession and cemented expectations the Federal Reserve will begin raising interest rates to head off inflation.

While 1.2 million jobs have been lost since Bush took office, that deficit could easily be erased if hiring continues at its recent pace, and talk of Bush being the president with the worst job record since Herbert Hoover has faded.

And how! As others have pointed out, we knew the economy was booming when the liberal media stopped asking Bush about it.

For three years they wanted to talk about nothing but the economy. Veritable economic Chatty Kathy dolls, they were.

And then, suddenly-- thin-lipped silence. No more talk of "the Bush economy."

There's your leading economic indicator, right there.

"The economy has turned very sharply in Bush's direction, so his biggest weakness is becoming a strength," said Cary Leahey, senior U.S. economist at Deutsche Bank Securities.

The shift in political rhetoric from the "jobless recovery" lament of the Democrats to "nearly a million jobs in 100 days" of the Bush administration appears to have reached consumers, whose confidence levels hit the highest level in two years in June, according to a Conference Board report this week.

Finally.

And yet no credit to Ace of Spades HQ.

Screwed again. I blame Instapundit for this slight.

...

Longer hours and fatter paychecks are seen by experts as evidence the economy is on the threshold of even stronger job gains in the months ahead.

Even stronger job gains in the "months ahead," which, I'm sure you all realize, are also the "months ahead" of the November election.

Three words:

Cow. Frickin'. Bell.


digg this
posted by Ace at 03:13 PM

| Access Comments




Recent Comments
Oscar Mayer: "i SUPPORT IT 1000% wHEN tRUMP IS pRESDENT AGAIN CO ..."

mpfs: "They are back. I was waiting for a Frank Drebbi ..."

Brazil[/i][/b][/s][/u]: "[i]That's a normal healthy ass, like the ones we u ..."

Maj. Healey: "We are a dumb country. Thanks public 'educators.' ..."

bonhomme[/i][/i][/i][/b][/b][/b][/s][/s][/s][/u][/u][/u]: "LOL. LAPD academy graduating class includes D ..."

@time (morons): " I thought the @ sign meant she worked at "Time". ..."

[/i][/s][/b][/u]blaster: "[i]He's up for re-election in next couple of month ..."

TheJamesMadison, raging against the bourgeois with Pasolini: "And here's that promised video of Fake Jake rantin ..."

Lithiated gp For Refreshment: ""This calipygian blonde cowgirl in jeans knows tha ..."

steevy: "But why would solo female athletes be afraid since ..."

[/i][/b]andycanuck (2yu8s)[/s][/u]: "To Kill A Sweetdick Bird. Posted by: ShainS -- La ..."

Lost in Space: "It's still Black History Month people. I am wai ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64