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June 17, 2003

Where's the Jobs?

The wondrous effects of the Bush tax cuts seem not to have impressed employers.

According to a Manpower survey, hiring in the coming quarter looks even bleaker than the last few years:

Across industries, a net 11 percent of the 16,000 employers Manpower surveyed said they expect to increase their hiring activity in the third quarter. That's down from 13 percent in the second quarter, and well below the 19 percent in the third quarter last year.

Simply put, this time last year "it was easier to find a job," said Manpower CEO Jeff Joerres.

In fact, when seasonal variations are stripped out of the data, this is the weakest job forecast in 12 years, according to Manpower.

What is needed is not money pissed down the hole of Bush's wealthy buddies, but real spending on real jobs. Between new affordable housing, public infrastructure, and investments in renewable energy resources, there are plenty of places for public investment to create those jobs.

'cause these tax cuts sure are not doing the trick.

Posted by Nathan at June 17, 2003 10:06 AM