June 1, 2012
Each month, the Department of Labor releases the job report; an analysis of how many jobs the economy created and the current rate of unemployment. Each month analysts are optimistic the job market is improving. And each month for the past few years, the economy disappoints.
May’s report reveals that unemployment rose to 8.2 percent and the economy created only 69,000 jobs. Facing these disappointing numbers, the Obama administration has yet to provide real solutions to improve the economy, while new threats like tax increases loom on the horizon.
The Heritage Foundation’s Mike Brownfield explains,
Even with millions of Americans unemployed, dismal job creation, an increasing unemployment rate and Europe sliding into a deep recession, President Obama is silent on the issue of stopping the United States from heading over a fiscal cliff. Absent any leadership from the White House, House Speaker John Boehner (R-OH) has announced the House will vote in July to prevent tax rates from rising. The Senate should do likewise. There is time for Washington to take action, but that time is growing shorter with each passing day.
What do you think must be done to remedy these disappointing jobs numbers?