Austerity is gnawing away at jobs growth

[pscot]

like a giant vampire squid.


the same pace of job growth we have seen since March 2010 when the streak of private-sector employment gains began. Payrolls in the public sector, driven by a sizeable drop in federal employment, fell 3,000 in May. In the 39 months of private-sector job gains, federal, state, and local government payrolls have shrunk a total of 622,000—about 16,000 a month—offsetting 9% of the job gains in the private sector.

The fraction of adults who hold jobs held steady in May. Among Americans age 16 and older 58.6% were employed, roughly the same employment-to-population ratio we have seen since December 2011. This indicator seems to suggest the nation has made scant progress in recovering from the recession.

http://www.brookings.edu/blogs/jobs/posts/2013/06/07-jobs-burtless

If this is a plan, it's working.

[msongs]

1. it's what happens when democrats appease republicans nt

[pscot]

3. They've set a worm at the root of the economy

The game is rigged. When the vig is 10%, unemployment is forever. Manufacturing job growth isn't happening. The happy talk about reshoring or whatever they call it is just hot air sloganeering. The Chinese make friendly noises while they continue to kill us with cheap, shoddy goods. The latest trade deficit is terrible news for an economy trying to punch its way back. I really don't think Obama understands the economy, and he surely does not understand the Chinese.

[quadrature]

2. the private sector is doing fine.

or at least,
that is what some people think.

[pscot]

4. Define Fine; 58% of the workforce is gainfully employed

How fine is that?

[quadrature]

5. ask President Obama, not me.

his words, not mine.

[Warpy]

6. The wealthy don't give a shit about job growth

In fact, they've applauded all the nitwit Republicans for opposing it since growth in jobs and wages will likely lead to a resurgence of inflation.

This is the best deal the 0.01% has ever had: all the money being shoved their way with no inflation to decrease its purchasing power year to year.

Republicans will never give anything but lip service to jobs programs. They will always fight increases in the minimum wage. They know who their masters are and they stay bought.