Thanks to Washington, Job Growth Is Still Falling Short
NEW YORK (TheStreet) -- On Thursday, the Labor Department is expected to report that the economy added 211,000 jobs in June.
The number would be in line with the pace so far this year, which is far short of what is needed to keep up with the population growth and to genuinely reduce unemployment.
The jobless rate is down to 6.3% from the recession peak of 10%, but most of the reduction has been accomplished by adults quitting the labor market -- neither working nor looking for work.
It's no surprise that the average family's real income continues to drop, and that the gap between the wealthiest and the rest of us widens.
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