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February 06, 2004
Numbers
Non farm payrolls are up 112,000 this month. Somehow this news isn't that encouraging when a) you know someone personally who has recently lost a job and b) it will take 275,000 jobs added each month from now until the election just to cut in half the number of people who became unemployed in the last 3 years.
It would take 400,000 jobs per month to get employment up to the "status quo" of the Clinton years. Since most of January's new jobs (76K) were added in retail we're most likely talking about people who, though employed, can barely afford health care for their families and most likely will be going without it.
Posted by Chris at February 6, 2004 10:57 AM
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