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by Jordan Green

Economic outlook: screwed

No matter what your ideological orientation — jobs are created by unshackling the free market or government has a significant role to play in stimulating economic growth — you were bound to be dismayed by the national employment report released by the federal government on June 4. current economic activity gives little indication that a meaningful recovery is on the horizon. By now, you will be familiar with the reasons: Despite some stimulus funding, business owners still lack faith that things will be better in the future, and aren’t doing much hiring. Despite some stimulus funding, consumers lack faith that things will be better in the future and aren’t buying many big-ticket items like houses.

As noted by North carolina economic analyst John Quinterno and others, almost all the job growth in may was a result of the temporary jobs created by the Us census Bureau.

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