Today’s Jobs Report in Pictures
December 7, 2012 at 10:05 am
http://www.offthechartsblog.org/todays-jobs-report-in-pictures-20/
Posted by: Chad Stone
Posted in: Congressional Action, Economic Recovery Watch, Federal Budget, Recession and Recovery, Unemployment
http://www.offthechartsblog.org/todays-jobs-report-in-pictures-20/
Posted by: Chad Stone
Posted in: Congressional Action, Economic Recovery Watch, Federal Budget, Recession and Recovery, Unemployment
Beyond the surprising news that Hurricane Sandy had little effect on overall job creation and unemployment, today’s report paints a familiar picture of moderate job creation and stubbornly high unemployment. Though unemployment fell, that’s because the labor force shrank, not because employment opportunities expanded.
Below are some charts to show how the new figures look in historical context. Read my full statement for further analysis.
More About Chad Stone
Chad Stone is Chief Economist at the Center on Budget and Policy Priorities, where he specializes in the economic analysis of budget and policy issues. You can follow him on Twitter @ChadCBPP.
Full bio | Blog Archive | Research archive at CBPP.org
Why is no one talking about the cynically subversive policy Bernanke embraces which uses high rates of unemployment to constrain inflation? He should be among the cheerleaders supporting suspension of Payroll taxes, which by the way do not fund SS/Medicare, and could generate hundreds of billions in economic activity in the short term.
Why is no one talking about initiating an Employer of Last Resort Program that reduces unemployment for those willing and able to work and serves to stabilize prices? Bernanke should also support this because it’s his duty under the Fed Charter.
Why doesn’t Geithner tell the President that capitalism survives on sales, and when folks don’t have incomes they can’t spend? This is not brain surgery.