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The Price of a Do-Nothing Congress

The latest employment data indicate that the U.S. job market is in a holding pattern—the price we pay for a do-nothing Congress focused more on austerity than job creation.

Our economy added 69,000 new jobs in May, for an average of 96,000 over the past three months, with a downward revision of 49,000 for March and April’s data. While this pace of job creation is fast enough to keep unemployment from rising, it remains well below that necessary to bring our economy back to full employment anytime in the near future.

The above excerpt was originally published in MarketWatch. Click here to view the full article.

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Authors

Heather Boushey

Senior Fellow

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