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Economy Produces 100,000 Fewer New Jobs Than Projected

HeadlineMar 08, 2004

In economic news, new labor statistics show that the U.S. economy added 100,000 fewer jobs than projected in February. According to the Labor Department, the entire gain of 21,000 jobs was the result of government hiring. There was no increase of jobs in the private sector. Sen. Kerry responded to the news by saying QUOTE “At this rate the Bush administration won’t create its first job for another 10 years.” Since he took office the U.S. economy has lost about 2.2 million jobs.

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