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		Home Page We're about Mortgage News You Can Use     US Treasury: No specific job growth targets for 2004 Reuters, 01.26.04, 6:15 PM ET WASHINGTON, Jan 26 (Reuters) - A U.S. Treasury spokesman on Monday said the department has no internal or public forecasts for job creation for 2004, even though Secretary John Snow has called some private sector forecasts "reasonable." "We're not in the business of making estimates," Treasury spokesman Rob Nichols told reporters at a weekly briefing for reporters. On Friday, in a radio interview, Snow said private sector forecasts that the U.S. economy could create 1.85 million jobs over the next nine months were "reasonable." Later that day, Nichols sent reporters an e-mail saying "The secretary does not have a personal expectation for job growth this year." Treasury has been careful to attribute any job growth forecasts to non-official sources. Unless job creation picks up at a very strong pace, President George W. Bush runs the risk of being the first president since Herbert Hoover to see a net loss of jobs during his term, even though the Bush administration has implemented three major tax cuts aimed at boosting economic growth. Critics of the Bush administration's economic policies have said they have failed to provide the promised pickup in jobs. Asked by what benchmark the latest economic package should be judged if Treasury had no official job growth estimates, Nichols said: "The benchmark we care about is that we are going to keep doing our best to strengthen the economy so that every American who's looking for a job can find work. That's the benchmark that we're focused on." Copyright 2004, Reuters News Service   Back to Original Article: Mortgage News You Can Use   Continue with: Fed expected to hold interest rates steady Fed panel opens two-day rate policy meeting Fed likely to leave short-term rate alone, economists say Consumer Confidence Rose in January Despite Job Concerns Consumers Upbeat in Jan. But Jobs Scant Can Consumer Spend If Rates Start Rising? What It'll Take to Move the Fed U.S. made clear it has strong dollar policy-Aldonas Greenspan: Trade Protectionism May Hurt Intl Prosperity Fed expected to keep promising `considerable period' of low interest rates Consumer Confidence Index in U.S. Jumps to 96.8, Highest Since July 2002 Gold Coins MBA Releases Long-Term Forecast for U.S. Economy and Housing Finance Market CBO Says '04 Deficit Will Rise to $477 Billion The Jobless Recovery A Cheap Dollar Boom Consumer Confidence Rises in January
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