Sept. 3—As Labor Day approaches, 10 million unemployed U.S. workers still are struggling to find jobs—or have given up looking for jobs, according to August unemployment figures released today by the federal Bureau of Labor Statistics (BLS).
The 144,000 new jobs created in August fall far short of many economists’ predictions and the White House promise of 306,000 new jobs each month when it pushed through the most recent tax cuts. The Bush administration promised in February 2002 that its tax cuts would create some 6 million new jobs between January 2001 and July 2004. Instead, the economy has lost nearly 1 million jobs since President George W. Bush took office in 2001, making it almost certain Bush will become the first president since Herbert Hoover and the Great Depression to end his term with a net job loss.
BLS Report contained in link.
http://www.aflcio.org/yourjobeconomy...s09032004a.cfm