Friday, February 4, 2011

Unemployment Falls to 9% But Growth Remains Sluggish

The nation's unemployment rate fell to 9% last month, but unfortunately the U.S. economy only added 36,000 jobs, which reflects an unwillingness of employers to hire. The news isn't a resounding success as the rate fails to reflect how many have left the labor market, unable to find employment, or believe there's nothing for them in the current economy.

The Labor Department has to seriously revise its calculation of how it reports the state of unemployment in order to gauge a better reading of the U.S. economy.

Policies enacted by the president have failed to jump start the economy, this after spending well over a trillion dollars in stimulus spending, with massive rises in government spending, all have done nothing to spur economic growth.

Washington again is failing to understand where job growth emanates and continues enacting failed polices, which fail to revive the stagnate U.S. economy. To revive the economy you must help small business, which accounts for 80% of all jobs in the country.

Help small business and you help America!

http://militarybriefingbook.com/topic.cfm?topic=U.S.%20Politics

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