24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Ron Paul: Job Figures Conceal Weak Economy

Ron Paul said on Monday that the Obama administration's latest jobs report showing a 7.8 percent unemployment rate vastly underestimates the strength of the economy.

"The situation on the ground looks nothing like a recovery," Paul said, adding that, "23 million people are still out of work or chronically underemployed."

"This number is expected to rise dramatically next year. The situation in Washington should not give anyone cause for optimism."

Source: The Hill. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement