U.S. Jobs Still Lagging

Liberal and conservative economists can debate the issue until they are blue in the face, but the truth is that U.S. jobs are NOT seeing favorable growth. Here is what one recent article has to say, putting the job growth issue in a Minnesota context.

According to the liberal Economic Policy Institute (EPI), comparing national job growth in the current recovery to past recoveries of equal length (at least 49 months), job growth in the current recovery is the slowest on record. On the other hand, conservative-thinking Heritage Foundation researchers say "job creation was robust. Productivity and GDP growth are robust for the year, but the most important measure for the voting public is jobs."

I am more compelled by the longer term jobs competitiveness picture, and I believe the U.S. continues to have a major problem, especially in gaining an edge globally, as more and more work and jobs are being exported overseas. We are clearly not creating enough "quality" jobs, as I examine our situation. Go back and read my analysis last week.