Jobs Outlook Discouraging

By Peter Morici - October 4, 2012

RCP Comment Policies

Friday, forecasters expect the Labor Department to report the economy added 113,000 jobs in September—a monthly pace too slow to return the nation to full employment. The economy must add more than 375 thousand jobs each month for three years to lower unemployment to 6 percent and that is not likely with current policies. Most analysts see the unemployment rate steady at 8.1 percent, while...

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Peter Morici

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