New Jobs Numbers: The Great Recession Continues
Today, the U.S. Department of Labor announced that 36,000 more Americans lost their jobs last month – bringing the total number of job losses to 7.5 million since the recession began in December 2007. This is an incredible total. When pundits talk about the “Great Recession,” they really mean it. Take a look at the chart below, comparing job losses in this recession compared to every other recession since World War II. What we are experiencing is the longest and largest collapse in the job market since the Great Depression. While the Administration continues to push a radical health care plan, most Americans are concerned about jobs. So am I. The Administration’s economic policies aren’t working. It’s time to cut taxes, cut spending, and put our fiscal house in order.