Washington, D.C. — Today Center for American Progress Economist Adam Hersh issued the following reaction to the announcement of April’s employment figures:
With 165,000 new jobs added in April, Americans can breathe a momentary sigh of relief. But the unemployment rate remains basically unchanged and—of those we count—nearly 12 million people still can’t find work in the United States. At this pace, we will not reach full employment until June 2021. The labor market seems to be moving ahead slowly but not steadily, while automatic spending cuts mandated by the sequester have barely only begun to bite on jobs and economic growth. If we continue down the path of spending cuts and fiscal contraction demanded by sequestration, next month it will be much more than furloughed FAA workers and snarled air travelers feeling the pinch of unnecessary austerity.
To speak with Adam Hersh about the monthly jobs report, please contact Katie Peters at email@example.com or 202.741.6285.