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Economic News, Data and Analysis

Oops on Jobs data

I think we can credit Brad DeLong with doing some simple math to shed some light on the, shall we say, “over-optimistic” job projections from the CEA. (Here is DeLong’s first post on the CEA numbers, I think)

White House won’t back job forecast – Feb. 18, 2004
The White House on Wednesday declined to publicly endorse its forecast predicting the average level of new jobs this year would rise by 2.6 million, prompting criticism from Democrats.

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