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

[Fuddnik]

1. You'd think they would spend more time trying to create jobs

Instead of trying to cut Social Security. And everything else that used to make Amerika a great country.

Most worthless bunch of assholes I've ever seen in my life. All of them.

[antigop]

2. no, no...we need to outsource more jobs and increase the h1-b visa limit. nt

[pscot]

3. Great news

The Austerity is working!

[Demeter]

4. Since this is a government of, by, and for the People

starving the government MEANS STARVING THE PEOPLE.

[mother earth]

5. The Big Stall before the big fall? nt

[mbperrin]

6. 10,000 boomers retiring a day for the next 18 years.

Yes, the labor force will shrink.

That said, it would be nice if they would hire for the jobs in this country instead of elsewhere.

Of course, with so many boomers retiring, personal service demand will skyrocket, and that tends to be not outsourceable.