Thursday, June 2, 2011

U.S. Economy is Stalling in Job Growth

A report yesterday, sent stocks into a tailspin downward over the ADP's Employment Report, showing that the private sector created only 38,000 jobs is May.

This should not come as a surprise to many as the GDP grew at only 1.8% in the first quarter, well below what most economists had predicted, and after the administration had spent $4 trillion dollars since taking office.


The dismal economic news is not a shock to the American public as they know all too well the pathetic nature of the U.S. economy and its failure to create viable employment, and it is ironic that the report comes two years to the month when the "recovery" officially began.

Whatever Washington is trying to do does not seem to be working.

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

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