Letters to the Editor

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JOBS: Recent growth not ‘strong’

Letter by Doug E. Carlson, Tacoma on Nov. 5, 2012 at 11:44 am | No Comments »
November 5, 2012 11:51 am

The Tacoma paper would have us all believe that the 171,000 new jobs was the result of an accelerating economy. You can only have an accelerating economy if the jobs growth is consistent each month and at a level that moves the market place.

According to the Atlanta Federal Reserve Bank, growing jobs by 171,000 will reduce unemployment to 7.32 percent over a year period. That still leaves millions of people unemployed after one more year of pain and suffering. Again according to the Fed, if you wanted to reduce unemployment to six percent, (which still leaves a lot of people out of work), you would have to grow jobs by 332,000 per month. Calling 171,000 “strong” job creation is just wishful thinking. Better than other months, yes; strong, no.

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