Largest Gain U.S. Wholesale Inventories Since NOV 99, Jobs proj only 4 yrs

[papau]

and $2 triilion in additional National Debt to get back to Clinton's 62% of workforce working.

And that is with 308,000 increase in payrolls every monthe for 48 months.

At the GOP projection of 175,000 to 200,000 new jobs each month next 3 months , and if that rate continues for next decade - it will be closer to 7 or more years.

It will take near forever to recover from the Bush tax cut for the rich disaster.

But at least the inventories gain will get first quarter GDP rate of gain over 4%.

And it is pre-election numbers that really matter - impressions - that our media can sell - not reality.

:grr:

:-)

[mhr]

1. The Missing 9.4 million Jobs - This Says It All

http://www.comstockfunds.com/index.cfm?act=Newsletter.cfm&category=Mar ...

Comstock Funds
Charlie Minter
7 April 2004

Although the 308,000 increase in March payroll employment may seem like a lot compared to what we’ve been getting and what most have been expecting, it actually falls far short of what we should be seeing at this stage of a recovery. Here’s what we found in examining the last seven economic recoveries.

In the first six of these recoveries beginning with May 1954 employment rose by an average of 7.7 percent over the first 28 months with a high of 9.1 percent and a low of 5.5 percent. This includes one cycle that peaked in 24 months with a gain of 7.4 percent. Even in the recovery that started in March 1991, employment climbed 2.2% over the first 28 months. For all of the seven recoveries, employment rose by an average of 6.9 percent over 28 months. So let’s not hear any more about employment being a lagging indicator. It is not, and even if it were, 28 months is surely enough time to catch up.

In the current recovery employment has actually declined 0.2 percent in the first 28 months that includes the March number and the revisions that were released on Friday. If employment had increased by 6.9 percent, the average of the past recoveries, March payrolls would have come to about 139.9 million rather than the 130.5 million actually reported. This means that there are now 9.4 million fewer jobs than there should be at this point in the cycle, and that we needed an average increase of 322,000 jobs for each of the past 28 months to equal the average job growth of the last seven expansions.

Snip ......

[papau]

2. Yep - but the media sells Bush as the optimist - and Bush sells low

expectations!

:-)

[mhr]

3. When The Economy Is Dysfunctional Optimism Is Meaningless

Unemployed 46 Months!

Optimism doesn't put food on the family!