Friday, April 02, 2004

How many new jobs is he promising??


The latest ad from Senator Kerry goes on to make quite a big promise:

“John Kerry's proposed a different economic plan that encourages companies to keep jobs here. It's part of a “detailed economic agenda” to create 10 million jobs.”
OK... assuming that's true, how does that stand against what the Senator said just on March 30th when his campaign said:
The first thing John Kerry will do is fight his heart out to bring back the three million jobs that have been lost under George W. Bush. He will fight to restore the jobs lost under Bush in the first 500 days of his administration. Kerry has proposed creating jobs through a new manufacturing jobs credit, by investing in new energy industries, restoring technology, and stopping layoffs in education.
Assuming for a moment the stated figure of '3 million jobs lost' is correct (and assuming that translates directly into 3 million people are currently unemployed), where does the Senator propose finding the additional 7 million bodies to fill the remaining jobs?

Or do we really have 10 million people out of work?

Or, perhaps the Senator hasn't seen the real data on manufacturing jobs, courtesy of The Institute for Supply Management, which goes on to say:
ISM's Employment Index grew for the fifth consecutive month, following a 37-month trend of contraction. The index registered 57 percent in March compared to 56.3 percent in February, an increase of 0.7 percentage point. The last time the Employment Index registered higher than March's index was in December 1987, registering 59.1 percent. An Employment Index above 48 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment.
Perhaps the Senator isn't interested in readign that report; afterall, if he conceeds the economy is getting better, what else does he have to run on?

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