It's jobs, stupid.(The Last Word)
American Prospect, The, February, 2004 by Reich, Robert
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It's the most anemic jobs recovery on record. Productivity is soaring, but that's mainly because fewer workers are doing more. At least 150,000 new jobs have to be created each month just to keep up with population growth. We haven't come close.
In December, the private sector produced a paltry 1,000.
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Not to be ghoulish about it, but this could be good news for Democrats seeking to regain the White House and stem the Republican tide in Congress. There can't be a genuine recovery until jobs come back, they aren't likely to roar back within the next nine months and George W. ...
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