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Bush Officials Offer Cautions on White House Jobs Forecast
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| Parent(s) |
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| Contributor | Servo |
| Last Edited | Servo Feb 18, 2004 08:46am |
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| Category | News |
| Media | Newspaper - New York Times |
| News Date | Wednesday, February 18, 2004 06:00:00 AM UTC0:0 |
| Description | Treasury Secretary John W. Snow distanced himself on Tuesday from the Bush administration's official prediction that the nation would add 2.6 million jobs by the end of this year.
That prediction, which is far more optimistic than that of many private sector forecasters, was part of the annual economic report released last week by the White House Council of Economic Advisers and was immediately echoed by Mr. Bush himself.
But on a tour through Washington and Oregon to promote the president's economic agenda, Mr. Snow and Commerce Secretary Donald L. Evans both declined to endorse the White House prediction and cautioned that it was based on economic assumptions that have an inherent margin of error.
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