If you don’t know someone who’s unemployed or under-employed, you’re lucky. And now, the June jobless numbers show the misery continues. Exactly what else has to occur before we acknowledge that the current economic policies are a dismal failure?
The Bureau of Labor Statistics said private payrolls increased 84,000, while the government lost 4,000 jobs. Economists expected job growth of about 100,000 and the unemployment rate to be unchanged, though many had increased their forecasts based on some recent indicators.
With yet another month of weak employment growth, the second quarter marks the weakest three-month period in two years.
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