Tuesday, September 28, 2004
Throw Workers a Bone
The Bush jobs record is the worst since Herbert Hoover. The numbers speak for themselves:
- More than 1.5 million private-sector jobs have been lost under President Bush, compared to nearly 21 million private-sector jobs created under President Clinton.
- Manufacturing jobs have been lost in 37 out of 43 months under George Bush. In all, 2.7 million manufacturing jobs have been lost.
- 8 million Americans are unemployed, 34% more than when President Bush took office. And that number does not include discouraged workers and the underemployed.
- Although the economy is finally starting to recover some of the job losses suffered between 2000 and 2003, George Bush is still on track to have the worst job-creation record since Herbert Hoover during the Great Depression.
- George Bush would need to create over 700,000 jobs every month for the remainder of his term just to match the job record under his father, who himself had the worst job creation rate since the Great Depression.
More about the middle-class squeeze
