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In reply to the discussion: U.S. job growth improves, exceeds expectations [View all]pampango
(24,692 posts)11. CAP: There was job growth across a variety of industries and wages rose by 10 cents.
Todays new data show a labor market continuing along a path to recovery. There was job growth across a variety of industries and wages rose by 10 cents. But even as employers add jobs, the share of the U.S. population at work didnt rise above 58.7 percent, continuing to stay within the same small band its been contained in since September 2009. Given this, its hard to believe that our work pushing the economy toward full employment is anywhere close to done.
To spur the kind of job creation our nation needs, Congress needs to change course. While the Federal Reserve has taken important steps in support of economic recovery, Congress has been working against them. The sequesterthe across-the-board cuts of a total of more than $85 billion that began to be implemented in March of this yearcontinues to work its way through the economy, dragging us down day by day. While the economy may be strong enough to withstand those kinds of cuts and not fall back into recession, this certainly is not the right path forward to improve our nations overall employment situation.
http://www.americanprogress.org/press/statement/2013/07/05/68914/statement-cap-economist-heather-boushey-on-june-jobs-report/
To spur the kind of job creation our nation needs, Congress needs to change course. While the Federal Reserve has taken important steps in support of economic recovery, Congress has been working against them. The sequesterthe across-the-board cuts of a total of more than $85 billion that began to be implemented in March of this yearcontinues to work its way through the economy, dragging us down day by day. While the economy may be strong enough to withstand those kinds of cuts and not fall back into recession, this certainly is not the right path forward to improve our nations overall employment situation.
http://www.americanprogress.org/press/statement/2013/07/05/68914/statement-cap-economist-heather-boushey-on-june-jobs-report/
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Disappointed? Teabaggers are. Any improvement in economic performance disappoints the
bluestate10
Jul 2013
#39
You know, i do believe that if the unemployment dropped to 5% by now the anti-Obama crowd
kelliekat44
Jul 2013
#3
I hear the same arguments from the right on blogs. If the improvement is too big, Obama
bluestate10
Jul 2013
#40
Economy is either good or bad. Claiming it's still not good enough has nothing to do with Obama.
Dawgs
Jul 2013
#8
Maddox: ... Given these figures, the three-month stretch -- April through June -- is the best we've
pampango
Jul 2013
#6
CAP: There was job growth across a variety of industries and wages rose by 10 cents.
pampango
Jul 2013
#11
Voters must take control and vote republicans out of office. No party in the history of the
bluestate10
Jul 2013
#42
Wow, nice post. Good news for everyone. And shocked you did not mention Snowden. n-t
Logical
Jul 2013
#16
I hate to be a stickler, but how do you add 195,000 jobs but only increas the workforce by 177,000
1-Old-Man
Jul 2013
#18
Apparently, "expectations" are now capable of winning limbo contests. n/t
winter is coming
Jul 2013
#23
Exactly. At most, these jobs may only add to the battery of part time ones. nt
snappyturtle
Jul 2013
#26
eh, i got a lot of problems but ignorance or dumbassery aint any of em .
galileoreloaded
Jul 2013
#37
offset that against dollar destruction and explain why you hate fixed incomes and the seniors on...
galileoreloaded
Jul 2013
#41
Most of the new jobs are low paying service sector jobs that don't pay a living
totodeinhere
Jul 2013
#47
trying to get excited about these jobs but, then - there is this to consider
Tuesday Afternoon
Jul 2013
#49