5 Million Jobs Still Missing Since Recession Ended

[Purveyor]

WASHINGTON (AP) -- U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.

--CLIP
Weaker job creation has caused consumers to pull back on spending.

Europe's debt crisis is also weighing on U.S. exports. And the scheduled expiration of tax cuts at year's end has increased uncertainty for U.S. companies, making many hesitant to hire.

Job creation is the fuel for the nation's economic growth. When more people have jobs, more consumers have money to spend - and consumer spending drives about 70 of the economy.

MORE...

http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-07-06-11-33-28

[phantom power]

1. You have to add 100K jobs a month just to keep up w/ population.

[coalition_unwilling]

2. Dead cat bounce. Good thing the Repigs put up such a mortally weak

candidate or Obama would be in real trouble. As it is, these numbers prevent Obama from getting an early TKO which, all other things being equal, should be a given by now.

80,000 jobs isn't enough to even keep pace with natural growth in the labor force.

[FirstLight]

3. ya, no shit!

and those jobs ain't comin back... so i guess we could create new ones... maybe green energy? maybe refurbishing infrastructure?


ya, and maybe the richies will give some of their money back to the common good...