Stop The Madness That’s Killing Jobs
467,000 jobs lost in June, with unemployment hitting a 26-year high of 9.5%
The stock market's reaction on Thursday said it all — with the major indexes plunging 2.4% to 2.9% on the news of a continued job hemorrhage. Despite some economic green shoots here and there, no one's sure when jobs will start growing again.
At this point in a normal downturn lasting 11 months, the economy should be booming — with big jumps in GDP and 300,000 new jobs each month coming mostly from the private sector. But 18 months into this downturn, we're still losing jobs — with 2.7 million gone in the private sector just since January, when the Democrats took full control of the government. More...
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