Friday, July 02, 2004 :::
 

The jobs report this morning was disappointing, which of course has potential political ramifications; while the number of people employed has probably increased since Bush took office, and much of the weakness can't be blamed on him, the payroll number is lower than January '01, and this makes a great soundbite.

The president really has ten weeks for the economy to produce the kind of jobs that show up in the payroll survey; the jobs survey is actually done on the 12th of the month, and the October survey will be released three days after the election. September 12 is a Sunday, so the last report before the election is really going to be based on hiring that takes place by September 10, a week after the Republican convention.

::: posted by dWj at 3:42 PM

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Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.