{"id":11144,"date":"2011-09-02T09:32:29","date_gmt":"2011-09-02T13:32:29","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=11144"},"modified":"2011-09-02T09:34:11","modified_gmt":"2011-09-02T13:34:11","slug":"happy-labor-day-zero-jobs-added-to-economy-last-month","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/11144\/happy-labor-day-zero-jobs-added-to-economy-last-month\/","title":{"rendered":"Happy Labor Day? Zero Jobs Added to Economy Last Month"},"content":{"rendered":"

Zero.\u00a0 That’s the number of net jobs created<\/a> in America last month according to the Labor Department’s monthly update, and the unemployment rate remained at 9.1%.<\/p>\n

We are now more than two years since the recession officially ended in June 2009, and at the stage where the Obama Administration predicted<\/a> that his trillion-dollar deficit spending “stimulus” would reduce unemployment to approximately 6% after topping out at 8% all the way back in the fall of 2009.\u00a0 Instead, we suffered a post-war record number of months over 9%, and it continues to fester there.\u00a0 By way of background, keep in mind that economists generally agree that a minimum of 150,000 to 200,000<\/a> jobs must be added to the American economy each month just to keep pace with natural population growth.\u00a0 Also consider that economists had forecast<\/a> a rise of somewhere near 100,000 jobs for July.<\/p>\n

In contrast, in the same 30-month period following the effective date of President Ronald Reagan’s tax cuts in January 1983, unemployment plummeted<\/a> from 10.4% to 7.4%.\u00a0 We know what economic policies actually work.\u00a0\u00a0 What hath the opposite approach wrought?<\/p>\n","protected":false},"excerpt":{"rendered":"

Zero.\u00a0 That’s the number of net jobs created in America last month according to the Labor Department’s monthly update, and the unemployment rate remained at 9.1%. We are now more than two years since the recession officially ended in June 2009, and at the stage where the Obama Administration predicted that his trillion-dollar deficit spending […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[19,27,24,61,179,18],"class_list":["post-11144","post","type-post","status-publish","format-standard","hentry","category-posts","tag-economy","tag-jobs","tag-obama","tag-spending","tag-stimulus","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/11144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=11144"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/11144\/revisions"}],"predecessor-version":[{"id":11146,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/11144\/revisions\/11146"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=11144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=11144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=11144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}