114,000 New Jobs Is Not Nearly Enough
Consequently, the U.S. economy is expanding at 2% a year instead of the 5% pace that is possible after emerging from a deep recession and with such high unemployment.
Prompt efforts to produce more domestic oil, redress the trade imbalance with China, relax burdensome business regulations, and curb health care mandates and costs, would create 5 million to 10 million new jobs, and lower unemployment to about 5%.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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