White House forecasts the creation of 2.6 million jobs in 2004
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Manufacturing News, Source : TheManufacturer.com
Published : 09 Feb 2004 19:19
According to the annual Economic Report of the President, prepared by the US Council of Economic Advisers and released today, the White House expects the creation of some 2.6 million jobs in the United States during 2004.
The White House predicted the number of workers on US non-farm payrolls would reach an average to 132.7 million this year, up from a 2003 average of 130.1 million it had expected based on December 2003 data. Payroll employment in 2003 actually averaged 129.9 million, according to figures released on February 6 by the US Department of Labor.
The Bush administration had been aiming for the creation of about 1.7 million jobs in 2003, but instead 53,000 jobs were lost.
The report went on to predict that some 14.3 million jobs would be created between now and the end of 2009.
Some 2.6 million jobs in the manufacturing sector alone have been lost since President George W. Bush took office in January 2001.
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