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Mitt Romney's jobs goal attainable, says economists

1:42 PM, Sep 7, 2012   |    comments
Mitt Romney. (Photo credit JEWEL SAMAD/AFP/GettyImages)
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By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON (AP) - Mitt Romney says he could create 12 million jobs in four years - an average of 250,000 a month.

Right now, that may seem wildly unrealistic, considering monthly gains this year have averaged 139,000.

But David Wyss, an economics professor at Brown University, says it's possible. And forecasting firm Moody's.com foresees 12 million more jobs from 2012 through 2016, regardless of who's president. Moody's assumes the economy will return to stronger growth.

In fact, 23 million jobs were created during President Bill Clinton's eight years.

Still, another recession would chill anyone's job estimates.

Ask President George W. Bush. In his first term, the economy lost 13,000 jobs. Over his full eight years - which began with one recession and ended with another - the gain was just 1.1 million jobs.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

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