Bush Administration - Job Creation the Bush Term Paper

Open, View, and/or
Download this Document

Total Length: 513 words ( 2 double-spaced pages)

Total Sources: 1

Page 1 of 2

Bush Administration - Job Creation

The Bush Administration is doing a great job of hyping a recent report published by BBC News and other media showing that the economy had added an extra 308,000 jobs in March, 2004, almost three times more than had been forecasted. However, a closer examination of the underlying numbers shows several reasons for skepticism in this supposedly rosy economic data. The old adage, "All that glitters is not gold," appears to more accurately describe the job creation figures.

In the positive BBC report, there are several signs that lead one to believe that the job additions are a woefully inadequate measure of the complete job situation. According to BBC, the U.S. professional and business services sector added 42,000 jobs, education and health 39,000, leisure and hospitality 28,000, and government 31,000.

Stuck Writing Your "Bush Administration - Job Creation the Bush" Term Paper?

View All Our Example Bush Administration - Job Creation the Bush Term Paper

Have A Custom Example Essay Written

The services and leisure and hospitality sector or noted for lower wages vs. other sectors such as high technology and manufacturing. The report does not reveal the increase or decrease in hourly wages over prior periods. And, the growth in government jobs reflects government fiscal policy rather than an upswing in private sector business conditions and hiring practices.

More disturbingly, the report admits that U.S. unemployment actually increased to 5.7% from 5.6% in February. The report makes the assertion that this "often happens initially as better economic news adds to the potential labour force, increasing the number of people now actively seeking work." But, one must consider that official government unemployment rates fail to include the decline in labor force participation….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Bush Administration - Job Creation The Bush" (2004, April 08) Retrieved May 21, 2025, from
https://www.aceyourpaper.com/essays/bush-administration-job-creation-bush-168123

Latest MLA Format (8th edition)

Copy Reference
"Bush Administration - Job Creation The Bush" 08 April 2004. Web.21 May. 2025. <
https://www.aceyourpaper.com/essays/bush-administration-job-creation-bush-168123>

Latest Chicago Format (16th edition)

Copy Reference
"Bush Administration - Job Creation The Bush", 08 April 2004, Accessed.21 May. 2025,
https://www.aceyourpaper.com/essays/bush-administration-job-creation-bush-168123
   

Open, View, and/or
Download this Document
order custom essay example