UPDATE 1-White House expects upward revision to jobs data
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The Bush administration expects revised data due on Friday to show the pace of job creation in the year leading up to March was much swifter than had been believed
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The Bush campaign is blowing on the dice and praying for good jobs data Friday. Recruitment firm Challenger, Gray &amp; Christmas tracks hiring and layoff announcements around the country.
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I Na report that the incumbent President, Mr George W Bush, is expected to go to town with, the Labour department said that the economy picked up in August adding 1,44,000 jobs only slightly less than the 1,50,000 figure forecast by economists.
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Labor Department staff, analyzing statistics from private economists, report in an internal memo that President Bush is likely to do "much better" in Tuesday's election than the polls are predicting.
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The White House expects revised data due on Friday to show job creation from March 2003 to March 2004 was much more robust than thought, economists who received
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President George W. Bush believes a short-term boost is needed to deal with the softening in the U.S. economy, the White House said on Thursday amid what it described as "mixed" economic data.
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If the unemployment rate stays at current levels until the election, President Bush stands a much better chance at winning another four years in the White House, a job placement firm reported Monday.
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Many of the nation&#39;s employers expect to begin the new year by hiring, according to a study released yesterday. That positive outlook continues the swelling of payrolls that has characterized the last three financial quarters.
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Hiring is picking up and President Bush is on track to preside over job growth in his second term, shedding the Herbert Hoover label of being the first president since the Great Depression to lose jobs under his watch. But don't expect a revival of the booming 1990s.
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The White House played down talk that the United States might be headed for a recession and said a report on fourth-quarter gross domestic product released earlier on Wednesday did not change its outlook.
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Labor market data was mixed on Thursday ahead of the closely watched U.S. jobs report for February, due on Friday morning.
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U.S. employment likely bounced back in August after disappointing gains in June and July, analysts said on Wednesday, offering some consolation to President Bush ahead of the November election.
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U.S. employers probably increased their hiring slightly in September, economists said in advance of jobs figures being released Friday, the last politically charged employment report before Election Day.
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US jobless claims unexpectedly rose again last week in more worrying news for the labor market, government data showed on Thursday, while other data offered more positive signals for America&#39;s economy.
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According to economists and employment analysts, the job picture will be brighter next year.
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The figure is expected to sharpen a presidential debate later today. The unemployment rate remained unchanged at 5.4 percent.
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WASHINGTON -- The White House on Wednesday lowered its forecast for economic growth this year even as it slightly upgraded its outlook for unemployment.