In January 2001, Bill Clinton’s final month in office, 132.4 million
Americans were employed. Eleven years and six months later, that number
has grown … all the way to 133 million. A whopping 600,000 more
Americans have jobs today than at the dawn of the 21st Century.
In the meantime, more than 11 million workers have entered the labor force. The number of Americans of working age has grown by 35 million. This is what a Lost Decade looks like in the job market — what a small recession and a massive financial crisis, interrupted by historically meager job growth, has wrought on America’s workers.
Witness the true backdrop for Friday’s jobs report: an epic, decade-long stall in the national Jobs Machine. Even an unimaginably strong upside surprise from the Labor Department won’t come close to setting things right. And let’s be honest — neither will the economic policies that Washington lawmakers, and the two leading candidates for president, are squabbling about right now.
Read more: http://nationaljournal.com/economy/lost-on-the-campaign-trail-a-real-jobs-debate-20120802
In the meantime, more than 11 million workers have entered the labor force. The number of Americans of working age has grown by 35 million. This is what a Lost Decade looks like in the job market — what a small recession and a massive financial crisis, interrupted by historically meager job growth, has wrought on America’s workers.
Witness the true backdrop for Friday’s jobs report: an epic, decade-long stall in the national Jobs Machine. Even an unimaginably strong upside surprise from the Labor Department won’t come close to setting things right. And let’s be honest — neither will the economic policies that Washington lawmakers, and the two leading candidates for president, are squabbling about right now.
Read more: http://nationaljournal.com/economy/lost-on-the-campaign-trail-a-real-jobs-debate-20120802
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