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Sluggish US job growth points to continued mass unemployment
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Sluggish US job growth points to continued mass unemployment
Labor Secretary Hilda L. Solis declared, “The bottom line: the policies and programs of this administration are working.” From the standpoint of big business, which is reporting record profits based largely on downsizing and wage cutting, Solis is correct. From the standpoint of the working class, she and the rest of the administration, as well as most of the media, are lying.
The Obama administration and the ruling class as a whole are seeking to spin the recent jobs figures to create the image of a strongly rebounding economy and an end to the jobs crisis. Under the cover of this phony recovery, both political parties will mount an escalating attack on the already inadequate benefits provided to jobless workers.
http://www.wsws.org/articles/2011/apr2011/econ-a02.shtml
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