Many economists put the number of news jobs closer to 300,000.
The private economists put the figures at 7.1 percent and 7.2 percent.
Some economists put the number in the hundreds of thousands.
But many economists and labor experts put the figure as high as 400,000 - 20 times the level two years ago.
As one economist put it, "Even in a nasty recession, 90 percent of the work force has jobs."
We would get the ride free, as the economists put it.
Right now Morgan's economists are putting a 40 percent probability on a hard landing.
Not surprisingly, however, the economists put most of the blame on Congress.
But most economists today would put the burden of proof on those who support regulation.
Some economists even put it at close to 150 to the dollar.