It seems that I begin a post every month by writing, “Another terrible jobs report.” And it seems I end that post each month asking why our leaders are ignoring the problem. Our country is in a jobs emergency, and our government is not doing its part to fill the gap and create jobs. In fact, now they are talking about cuts that will just make it worse. The instructions for treating a wound are: apply pressure to stop the bleeding. That’s the lesson We, the People need to learn from this crisis.
“One of the most negative employment reports since the recovery began.”
Dean Baker on Friday's jobs report [1]:
On the whole, this is one of the most negative employment reports since the recovery began. It indicates that the economy has made no progress whatsoever in re-employing the people who lost their jobs in the downturn. Even more discouraging is the fact that there is no reason to expect anything to change for the better any time soon. The pace of job loss in the public sector is likely to accelerate, with no evidence of an offsetting pickup in the private sector.
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