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December Jobs Numbers

Why Jobs Must Be Our Goal Now, Not Deficit Reduction

Robert Reich | Posted 03.06.2013 | Politics
Robert Reich

The typical American worker's paycheck will drop this week because his or her Social Security tax will rise, from 4.2 percent to 6.2 percent. That's nonsensical. We need to put more money into the pockets of average workers, not less.

Today's Jobs Report: Steady as She Goes, but She Needs to Go Faster

Jared Bernstein | Posted 03.06.2013 | Business
Jared Bernstein

Today's employment report shows steady employment growth, fast enough to keep the jobless rate from rising, but not fast enough to knock it down much. The main, first-take point here is that this is a glass-half-full, glass-half-empty jobs report, and more broadly speaking, job market. In the near term, market and political volatility over the recent fiscal craziness is not particularly evident in the job market, which has been moving along at about a trend growth rate. Uninspiring -- and not fast enough to provide the opportunities we need, but steady and pretty resilient to everything from Congressional wound-infliction to hurricanes. Still, we're growing at a steady pace and the last thing we'd want to do is screw around with the debt ceiling... right?