The economy and gains in employment are still struggling to take hold. For the month of May, jobless rose to 9.1% and job creation fell off the cliff (200,000+ created in April, 54,000 created in May).
The trendy thing is to blame the weather, the earthquake in Japan, higher energy prices, and ingrown toenails. But nary a shout out to current administration policy or uncertainty from business owners about the direction of government intrusion. When you have an administration that feels the government in the answer to all your problems and has a history or being hostile towards business (“working behind enemy lines”), policy is going to be implemented that keeps unemployment stagnant.
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