President-elect Obama set a goal to create 2.5 million jobs in the first two years of his administration, which he revised upward to 3 million in the early months after taking office. When he made his pledge in December 2008 the seasonally adjusted monthly average for jobs was already down 3.6 million from December 2007. By December 2010 jobs were down another 4.1 million to 130.2 million. (1)The loss of 7.7 million jobs underestimates America’s job needs because the adult civilian population keeps growing. At current population growth America...
Thursday, 24 February 2011
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