Posts Tagged ‘ Ben Bernanke ’

Don’t believe the hype on US jobless numbers | Dean Baker

Oct 10th, 2011 | By | Category: News

We were softened up with ‘double-dip’ recession stories so that the latest jobs report would seem less dire than it really is The September jobs report showed that the US economy created just 103,000 jobs in the month , 45,000 of which were the jobs of Verizon workers who were returning from a strike in August. The economy has created 99,000 jobs a month over the last three months, about 9,000 more than it needs to keep pace with the growth of labor force. At this pace, it will be around 80 years until the economy gets back to normal levels of unemployment.