New Jobs Numbers Show Little Growth

Friday, July 08, 2011

New economic data from the federal government show the economy added a paltry 18,000 jobs in June, pushing the unemployment rate back to 9.2 percent. Dan Gross, columnist and finance editor for Yahoo! Finance, gives his analysis of the numbers.

Guests:

Daniel Gross

Comments [1]

Joe from Fort Lauderdale, Florida

People are confused about employment in this country. The President doesn't hire people, the White House doesn't "create" jobs. Companies hire people. Right now, most companies are holding their chips, so to speak, because of shakey economic data. Its not about the President or even consumer spending, its about businesses unwilling to take any level of risk due to a poor financial climate created by banks which were "too big to fail". The most the government can do is enact incentives for businesses to hire people, in the hopes that they will finally start moving capitol again and stimulate the economy. But whether or not business do hire people is up to the people running those businesses, not the President.

Jul. 10 2011 09:23 AM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.