Job growth forecasts...
Calpundit writes:In particular, the White House is projecting that non-farm payrolls will rise from 130.1 million at the end of 2003 to an average of 132.7 million for 2004. To me (and to Reuters) that sounded like an increase of 2.6 million, but Brad notes that to get an average of 132.7 million jobs we need to end the year at about 135.3 million.That post in turn links to: Why Oh Why Are We Ruled by These Idiots? (Special Troika Forecast Edition), Yep. The Administration's Forecasts Are Weird Beyond Belief with this:
To get from our current 130.1 million payroll employment number to an average number for 2004 of 131.9 [...] million requires that payroll employment growth average 470,000 320,000 a month for the rest of this year. That's ridiculously high: nobody is forecasting growth like that.
e.p.c. posted this at 20:17 GMT on 9-Feb-2004 . Archive Link