Yesterday, We Needed a Bold New Jobs Plan
Today’s jobs report was just as mediocre as I thought I was going to be. The Verizon worker strike sucked out 45,000 jobs from this report. The private sector added 17,000 jobs. The combination of this would’ve meant 62,000 jobs were created in August. (The Verizon strike is over.) These jobs will be added back into the September labor report. The bottom line is that the unemployment rate of 9.1% is unchanged. We have to do better. We must do better. We can’t have chronic long-term unemployment in a large section of our population. Prolonged unemployment sucks the life out of