Fact Sheet: George Bush's Record on Jobs« Thread Started on Oct 9, 2004, 3:32am » --------------------------------------------------------------------------------Fact Sheet: George Bush's Record on Jobs10/8/2004 10:40:00 AM --------------------------------------------------------------------------------To: National Desk, Political Reporter Contact: Chad Clanton or Phil Singer, 202-464-2800, both of Kerry-Edwards 2004ST. LOUIS, Mo., Oct. 8 /U.S. Newswire/ -- The following Fact Sheet was released today by Kerry-Edwards 2004:George Bush's Record on Jobs:"There was a time when adding just under 150,000 jobs a month, three years into an economic recovery, would have been considered a disaster. As recently as last December, President Bush's Council of Economic Advisers forecast that in 2004 employment would grow, on average, by more than 300,000 jobs a month." (New York Times, "In Trying Time, Scaling Down Expectations of Job Growth," 9/6/2004. Text reflects a correction printed on 9/7/2004)George Bush will be the first President in more than 70 years to face re-election with a net job loss in his term-- 1.6 million private-sector jobs lost since January 2001The 1.7 million jobs added in the last year is anemic job growth. Jobs should be growing more quickly to make up for past job losses, instead they're growing slowly. Jobs have grown more slowly than population for four straight months, averaging 103,000 jobs per month.-- 1.8 million jobs needed to keep up with population growth (150,000 jobs per month)-- 2.8 million jobs created in an average year under Clinton (236,000 jobs per month; Clinton's worst year was 1.9 million jobs)-- 3.4 million jobs created in comparable periods in previous recoveries (285,000 jobs per month)-- 3.7 million jobs projected by George Bush's Council of Economic Advisers (306,000 jobs per month) George Bush is 7 million jobs short of the prediction he made in Feb. 2002. In Feb. (after 9-11, the tech bubble, and the recession) George Bush projected that the economy would create 6.5 million jobs. Instead it has lost 821,000 million jobs -- falling seven million jobs short of his projection. (Note: these numbers include government jobs)Ignore George Bush's excuses about these numbers.-- Benchmark revisions are a poor guide to actual revisions. In 2002 the preliminary revision was -284,000 and the actual revision was -565,000. In 2003 the preliminary revision was -145,000 and the actual revision was -6,000-- Hurricanes did not "change materially" the "assessment." According to BLS, "the severe weather appears to have held down employment growth, but not enough to change materially the Bureau's assessment of the employment situation in September."