Good news and bad news in the August jobs report
Some Democratic-leaning groups are e-mailing around this clip of Erin Burnett and Andrew Ross Sorkin hailing August's jobs report as good news indeed.
I'd say this is the soft bigotry of low economic expectations, which isn't the same as saying it's wrong. As Sorkin says, if your measure was "is American entering a double-dip," today's jobs report is pretty good! We're not entering a double dip! At least, we weren't in August. But from the perspective of recovery, we need to be creating 200,000 jobs a month if we're going to get unemployment back to a normal level in the next five years. Even if you ignore the Census jobs -- and I don't think you should, as those are real people out of work -- gaining 60,000 or so jobs isn't going to cut it.
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