The latest unemployment numbers, released Friday, showed that the economy created a net 18,000 jobs in June, far below the roughly 150,000 needed to keep pace with new job market entrants. The unemployment rate ticked up to 9.2 percent. Since President Obama had not yet been asked directly about June’s …
We asked The Heritage Foundation’s William Beach, Director of the Center for Data Analysis, to answer some questions about America’s economy and unemployment following the Department of Labor’s release of the June 2011 payroll report. Here are his responses: Question: How does this job market recovery compare to past recessions? Answer: …
June’s job numbers– 9.2 percent unemployment and the creation of only 18,000 new jobs — has brought a fundamental shift in the White House’s message on the economy. The Heritage Foundation’s Michael Franc sums it up: “Bye-bye, hope and change. Hello, denial and defeatism.” In yesterday’s National Review Online, Franc …
The Environmental Protection Agency announced Thursday that it has finalized a pair of new regulations on power plants expected to produce massive economic damage and unemployment in coming years. The regulations aim to reduce pollution in down-wind states, and replace similar regulations created by George Bush’s EPA in 2005 and …
There’s no good way to spin the news that came out of today’s monthly U.S. jobs report. The economy generated only 18,000 total new jobs, the unemployment rate increased to 9.2 percent, and the number of unemployed Americans has gone up by 445,000. In other words, the recovery appears to have slowed markedly. …
The jobless rate in America hovers at 9.1 percent. The national debt ticks upwards of $14.3 trillion and small businesses collapse daily due to costly bureaucratic regulations. The President has failed to offer a viable plan that will put America’s economy back on a path to prosperity. It is in this …
Today’s Wall Street Journal has some bad news that most Americans are already painfully aware of. President Barack Obama’s recovery is plodding along at a snail’s pace: Two years ago, officials said, the worst recession since the Great Depression ended. The stumbling recovery has also proven to be the worst …
