Showing posts with label jobs unemployment jobless claims continuing claims unemployment rate U.S. Labor Department Congress U.S. Congress. Show all posts
Showing posts with label jobs unemployment jobless claims continuing claims unemployment rate U.S. Labor Department Congress U.S. Congress. Show all posts

Thursday, October 15, 2009

After health care reform, what's next for Congress? Jobs, jobs, jobs

By Money Matters Editors

After health care reform, what’s next for the U.S. Congress? Jobs, Jobs, Jobs.

Can there be any issue that’s more important than job growth? To cite a phrase often-used by a graduate school mentor of a Money Matters Editor, ‘We don’t think so.’

The nation has lost more than 7.2 million jobs in the recession that started in December 2007, and the unemployment rate has basically doubled to 9.8 percent. In a nutshell, the U.S. economy is operating well below potential – what economists call an ‘output gap.’