The news Friday from the Bureau of Labor Statistics is that the U.S. job market is treading water. The number of new jobs created in December (155,000), and percent unemployment (7.8), were the same as the revised numbers for November.
We’re still crawling out of the deep crater we fell into in 2008 and 2009. The percent of the working-age population now working or actively looking for work is higher than it was, but still near a 30-year low. But at least we’re crawling out.
Mitt Romney has a new economic goal, one that ostensibly backtracks from the benchmark he set for himself earlier this month. The presumed GOP presidential nominee told Time magazine’s Mark Halperin on Wednesday that he would get the unemployment rate down to 6 percent in his first term.
Amazon.com proposed to job-strapped California on Thursday that it would hire 7,000 people and build distribution centers in the state if Sacramento would agree to suspend a recently approved online sales tax policy for two years. (more)