Here's yet another............
The U.S. economy added fewer jobs than expected in November and the unemployment rate rose, dashing hopes that the recovery is gaining momentum.
How is that the feds have made it more expensive to hire employees in this country and everyone's surprised that employment lags despite what many say is a recovery?
I, for one, don't see this data as "unexpected". I believe you'll be more than able to expect bad results for some time..........
More.......
1 comment:
I'm also not surprised that the press is surprised that unemployment is still high. There are no less than 3 generations of ivy league graduates that have been taught the "law" of Keynesian economics as if it is indisputable science. Keynesian pundits routinely say that government stimulus is the "only way" to reduce unemployment.
Their report of unemployment surprise is how I imagine Isaac Newton might have reported his surprise if one day gravity stopped working.
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