Saturday, November 5, 2011
Economic Recovery as a "Groundhog Day" Movie Trailer
What Would A Good Jobs Report Have Looked Like? by Mike Konczal. (The National Memo, 11/3/2011)
Excerpt: The same old miserable numbers came out today, nowhere near what we need.
I feel like I’m in the movie Groundhog Day when it comes to the job numbers. I wake up on the first Friday each month to the same story — subpar job growth, no budging in key indicators, the insanity of the “anti-stimulus” of bleeding government jobs – and then wake up to it again next month. This month looks like the past dozen: 80,000 jobs were created, while the government sector shed 24,000 jobs.