24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

Economic Recovery Appears To Be Stalling

NEW YORK – The economic recovery, which looked promising as the year began, appears ready to stall for the third year in a row. And once more, Washington gets much of the blame.

Friday’s disastrous employment report, which showed a gain of just 88,000 jobs, down from 236,000 last month, is a flashing red signal that the economy is again in serious danger.

And it’s just the latest in a string of softening numbers. The jobless rate dropped to 7.6 percent in March, but only because nearly half a million people stopped looking for work. The percentage of people in the workforce dropped to 63.3 percent, the lowest level since 1979.

Source: Politico. 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.