USA Today surveyed 37 economists whose median forecast for the December jobs number was a gain of 205,000 jobs. Not only did the report’s 74,000 jobs gain fall far short of the 205,000 jobs forecast, it is not the only number that portends a job market about which CNNMoney believes: “suddenly looks a lot weaker than economists had thought.” USA Today points out: “For the year, employers added 2.18 million jobs, slightly fewer than 2012’s total of 2.19 million.” It adds: “Payroll growth was weak across the board, with education and health services, a reliable source of job growth even through the recession, adding no jobs.”
The one apparent bright spot in Friday’s Jobs report a sharp drop in the unemployment rate to 6.7 percent from 7 percent was tarnished because it largely resulted from people exiting the work force rather than because they landed jobs. The work force shrank by 347,000 in December, reversing a big gain from November, and returning the proportion of Americans in the labor force to its October level of 62.8 percent, the lowest in 35 years.”
According to the Associated Press (AP), White House senior advisor Dan Pfeiffer sent out an email Tuesday morning to the White House list of supporters claiming: “The president will use every tool he can to create jobs and opportunities for the middle class.” While I oppose this administration’s fondness for skirting Congress through the use of executive orders, here’s a case where an “executive order or administrative action” could really help “pick up the pace of the jobs message.”
If President Obama truly wanted to “create jobs and opportunities for the middle class,” he could tell the U.S. Forest Service (USFS) to work with—instead of against—people and companies who are ready to risk their capital in the development of our natural resources and create jobs.More
If President Obama truly wanted to “create jobs and opportunities for the middle class,” he could tell the U.S. Forest Service (USFS) to work with—instead of against—people and companies who are ready to risk their capital in the development of our natural resources and create jobs.More