Robert Reich: The Big Stall

[marmar]

The Big Stall
Friday, April 5, 2013


Bad news on the economy. It added only 88,000 jobs in March – the slowest pace of job growth in nine months.

While the jobless rate fell to 7.6 percent, much of the drop was due to the labor force shrinking by almost a half million people. If you’re not looking for work, you’re not counted as unemployed.

That means the percentage of working-age Americans either with a job or looking for one dropped to 63.3 percent — its lowest level since 1979.

The direction isn’t encouraging. The pace of job growth this year is slower than its pace last year. ...............(more)

The complete piece is at: http://robertreich.org/post/47194731154

[msongs]

1. sorry robert but jobs has been dumped for republican austerity nt