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"Job Market Slowed In March" And "More Americans Stopped Looking For Work" | Missouri Political News Service

“Job Market Slowed In March” And “More Americans Stopped Looking For Work”

April 6th, 2012 by mopns · No Comments

The Bureau of Labor Statistics announced the employment numbers for March today, but news reports suggest they’re disappointing. The Wall Street Journal writes, “U.S. job growth slowed in March, and the labor force shrank, signaling that the economy could be losing momentum. Jobs outside of agriculture grew by 120,000 last month—half the number that the economy added the prior month—the Labor Department said Friday, marking the first time since November that job growth fell below 200,000.” And the AP reports, “The job market slowed in March as companies hit the brakes on hiring amid uncertainty about the economy’s growth prospects. The unemployment rate dipped, but mostly because more Americans stopped looking for work.”

With today’s news, it’s worth recalling what Democrats in Congress and the Obama administration promised when they passed their nearly $1 trillion stimulus bill three years ago. Former White House economists Christina Romer and Jared Bernstein predicted that the unemployment rate with the stimulus bill would not exceed 8%. Yet the unemployment rate has been above 8% for over 36 months now. Shortly after President Obama signed the stimulus, Vice President Joe Biden boasted that the stimulus “literally drop-kicks us out of this recession” by, he claimed, creating “3.5 million jobs” in “18 months.”

President Obama’s expensive regulations, constant calls for tax increases, and his byzantine and unpopular health care law are all making it harder and more expensive to create private sector jobs in the United States. This country can do better.


Rasmussen Reports: 48% Know Someone Who Has Given Up Looking for Work

Video: The McCaskill ObamaClone: “Our Economy Needs Barack Obama as President”



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