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Job growth decelerated sharply in May, the Labor Department said Friday. Total nonfarm payrolls increased by 54,000, much lower than the 125,000 gain expected by Wall Street economists. The unemployment rate ticked higher 9.1% in May from 9.0% in the previous month. Economists forecast the unemployment rate to fall to 8.9%.
Private sector up 83,000. Seems to be slowing, even the Repubs are starting to realize we must invest in jobs in areas that do not exist right now. May be time to have a WPA type program to rebuild Infrastructure until innovation can create the future jobs. The Country is in trouble and need the Repubs to engage in trying to resolve some problems, rather than perpetuating them.
Private sector up 83,000. Seems to be slowing, even the Repubs are starting to realize we must invest in jobs in areas that do not exist right now. May be time to have a WPA type program to rebuild Infrastructure until innovation can create the future jobs. The Country is in trouble and need the Repubs to engage in trying to resolve some problems, rather than perpetuating them.
The solution is cutting government spending, not increasing it.
Private sector up 83,000. Seems to be slowing, even the Repubs are starting to realize we must invest in jobs in areas that do not exist right now. May be time to have a WPA type program to rebuild Infrastructure until innovation can create the future jobs. The Country is in trouble and need the Repubs to engage in trying to resolve some problems, rather than perpetuating them.
I think its funny that you sat here and blamed the GOP for perpetuating the problems, especially considering the whole crash took place under a Democratic Congress. It gets even funnier that you want to suggest more government spending, which would then increase unemployment even more.. But hey, you'll always be able to blame the GOP again, even if it does make such claims silly.
The solution is cutting government spending, not increasing it.
How does cutting government spending create jobs? Government spending puts money into private hands who then spend it, creating a multiplier effect. Cutting spending cuts off money to private hands. Contractors layoff workers as government contracts are cancelled; government lays off workers, etc.
What you are proposing -- cutting spending in the wake of a severe recession is the exact opposite of sensible policy.
I don't see how creating more unemployed would help lower the UE rate.
For some reason, this doesn't surprise me.
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