All eyes are on Friday’s employment report, with the focus apparently on whether the Obama administration can reach 200,000 a month in April. Our question is why? Why has creating 200,000 jobs become the litmus test of a successful jobs report?
Given the deep jobs deficit in which our economy finds itself, we need a lot more jobs than that. In the first 24 months of the average postwar recovery from recession, the economy created 147,000 payroll jobs on average.
LABOR FORCE DISAPPEARS IN OBAMA’S DEPRESSION: “The big news in Friday’s employment report was not the miserable 115,000 jobs the economy added in April, but the disappearance of 340,000 workers from the labor force. We haven’t seen ... Read Post
From Special Report with Bret Baier | Friday, May 4, 2012 On Friday’s monthly employment report, which showed that the economy created only 115,000 jobs in April: Keep reading this post... Read Post