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What's more, current forecasts of job growth are very close to that 150,000 jobs figure.
What's more, current forecasts of job growth are close to that 150,000 jobs figure.
Private economists' forecasts of job losses because of the plan run much higher, generally between 1 million and 2 million jobs.
A study by Ronald L. Oaxaca and Larry L. Leslie of the University of Arizona, for example, shows that past forecasts of job growth for engineers and scientists turned out to be wildly inaccurate.
Similar(56)
Furthermore, both the forecasts of jobs numbers and the government's initial estimates of it are quite crude.
But in the midst of bleak daily forecasts of jobs lost, homes taken, and arts programs hanging by a thread, these students, their teachers, and stubborn believers like Tim and his colleagues, do give me faith in the stamina of hopeful things.
Yet at the same time, they trimmed their 2004 forecast of job creation to 1.1 million jobs, from 1.25 million.
According to the Modern Language Association's forecast of job listings, released Thursday, faculty positions will decline 37percentthethe biggest drop since the group began tracking its job listings 35 years ago.
The CBO report merely adds to an already large body of research, but its forecast of job loss may make it more advantageous to Republicans than Democrats in the ongoing discussion.
This rapid change is prompting forecasts of widespread job losses.
Forecasts of total jobs including the multiplier effect are less reliable as they model the interaction effects within the economy.
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