Even Bush Officials Offer Cautions on White House Jobs Forecast: "Treasury Secretary John W. Snow distanced himself on Tuesday from the Bush administration's official prediction that the nation would add 2.6 million jobs by the end of this year.
That prediction, which is far more optimistic than that of many private sector forecasters, was part of the annual economic report released last week by the White House Council of Economic Advisers and was immediately echoed by Mr. Bush himself.
... Unemployment and the nation's surprisingly sluggish pace of job creation has become a significant political weakness for Mr. Bush, who is on track to be the first president since Herbert Hoover to end his first term with fewer jobs than when he started.
The nation has lost about 2.5 million jobs in the last three years..."
- posted by geoff @ #