Why Job Growth Tanked In March
Jobs growth tankedin March 2013 as more adults quit looking for work than found jobs. The fact that we aren’t training people with the skills that job openings today require just makes the situation worse.
Jobs growth tankedin March 2013 as more adults quit looking for work than found jobs. The fact that we aren’t training people with the skills that job openings today require just makes the situation worse.
The unemployment numbers we hear in the media are U3 unemployment, and simply disregard the fact that most of the reduction in unemployment from its 10.0 percent peak in October 2009 has been accomplished through a significant drop in the percentage of adults working or looking for work. Discouraging employment- not finding jobs- is the real story behind the decline in the official unemployment rate.
The economy is growing too slowly for it to be considered robust-adverse developments in four areas could derail the recovery.
1.China
2.Dodd Frank Regulations
3.EU
4.U.S. Student Loans
Even if every tax and fee the government collected were raised by fifty percent-something that is not possible because some activities would leave the country and some services would have many fewer customers-the deficit would still exceed $600 billion.
Impotence in Washington leads to continued American losses of jobs and international stature. Chinese mercantilism, not Fed Policy is the real issue.
Its the lack of attention to the china currency issue, stupid.
The current administration is not protecting America’s interests.
Free trade is not fair trade.
Beggar thy neighbor is China’s mercantile policy.