Fiscal Austerity Will Stunt Economic Recovery
The U.S. job market is in much better shape than it was four years ago, thanks in large part to sound government policies like the $800 billion stimulus launched in 2009, and to various Federal Reserve efforts that have made it cheaper for businesses to borrow and invest money. The economy has added jobs for 30 straight months and unemployment is now down to 8.1 percent, which is still too high, but far lower than in the depths of the Great Recession when unemployment hit into the double-digits.
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This article was originally published in Big Ideas for Jobs.
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