Saturday, April 6, 2013

Austerity Is Not to Blame for Tepid Job Growth

Politics: Democrats were quick to blame the anemic March jobs number on the "sequester" spending cuts. If that were the case, what explains the previous four years of lousy job growth under Obama?

At 88,000, the jobs growth in March was well below expectations. And while the unemployment rate dropped, that was the result of hundreds of thousands dropping out of the labor force who as a result aren't counted as unemployed.

Democrats, of course, tried to pin the blame for this on Republicans for allegedly pushing austerity measures.

Read more at Real Clear Markets

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