From the HUFF POST:
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
Nonfarm payrolls rose only 18,000, the weakest reading since September, the Labor Department said on Friday, well below economists’ expectations for a 90,000 rise.
Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and they expected gains of anywhere between 125,000 and 175,000…
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EDITOR: We and others warned that prematurely eliminating the stimulus and seeking to balance the budget would choke off recovery and lead to another 1937 scenario. Republican campaign issues trumpted economic know how. (Economics were almost unanimous in agreement for the need for more stimulus.) So we may suffer a double dip.
We can only reduce the deficit by first getting people back to work!
We can only reduce the deficit by first getting people back to work!
We can only reduce the deficit by first getting people back to work!
