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originally posted by: CB328
Wow, weak job growth in March, less jobs were actually created than thought in February, and they say in the article that this is the new norm. Why the hell did we pass a giant tax cut when the whole purported reason for it was that supposedly it would create more jobs??
Somehow I don't think corporate profits were flat though, only normal people have to deal with stagnation apparently.
finance.yahoo.com...
Jed Kolko, chief economist at Indeed, said Friday that while March’s total job gains are fewer than expected and on the surface appear to be a disappointment, this level of job growth is “more than enough to keep up with the slow-growing working-age population.”
“Eventually, we’ll have to get used to monthly [job] gains of ~100,000 or less,” Kolko added.
Ashworth added that while March’s job gains were weaker than expected, “there is still evidence of an acceleration in the underlying pace of employment growth… looking through the volatility, employment growth is trending higher and wage growth is starting to heat up.”
originally posted by: 3NL1GHT3N3D1
a little unfair.
originally posted by: 3NL1GHT3N3D1
One month? I don't think one month really defines the entire legislation. Don't get me wrong, I don't like that corporations got a permanent tax cut but using one month as a basis for its failure seems a little unfair.