MtnBiker
Senior Member
Today at a rally in San Diego, John Kerry outlined his policies to get gas prices under control by moving the nation toward energy independence and growing the American economy. Two days ago, Kerry introduced his plan to create 10 million new jobs during his first term in office 500,000 of them in renewable energy fields.
http://www.johnkerry.com/pressroom/releases/pr_2004_0330.html
The Department of Labor, Bureau of Labor Statistics Web site says that the current employment/population ratio is 62 percent. According to the U.S. Census Bureau Web site, the total U.S. population is 285 million. So 62 percent of that would be 176 million workers in the U.S.
Also according to the DOL Web site, the February unemployment rate in the U.S. is a surprisingly low 5.6 percent, a number the press apparently has underreported. So 5.6 percent of 176 million workers would be 9.8 million workers out of work. And that percentage appears to be heading lower.
So if we are to believe John Kerry will create 10 million jobs, not only will he have to lower unemployment to zero percent, but he'll have to find 200,000 extra workers that we currently do not have. And that's assuming that unemployment doesn't decrease in the coming months as most economists predict it will. That's one mighty big rabbit to pull out of a hat there, John.
link
0 percent unemployment
http://www.johnkerry.com/pressroom/releases/pr_2004_0330.html
The Department of Labor, Bureau of Labor Statistics Web site says that the current employment/population ratio is 62 percent. According to the U.S. Census Bureau Web site, the total U.S. population is 285 million. So 62 percent of that would be 176 million workers in the U.S.
Also according to the DOL Web site, the February unemployment rate in the U.S. is a surprisingly low 5.6 percent, a number the press apparently has underreported. So 5.6 percent of 176 million workers would be 9.8 million workers out of work. And that percentage appears to be heading lower.
So if we are to believe John Kerry will create 10 million jobs, not only will he have to lower unemployment to zero percent, but he'll have to find 200,000 extra workers that we currently do not have. And that's assuming that unemployment doesn't decrease in the coming months as most economists predict it will. That's one mighty big rabbit to pull out of a hat there, John.
link
0 percent unemployment
