As Unemployment Falls, ‘Biggest Risk’ To Job Growth Is ‘Self-Inflicted Damage From Bad Policy Decisions’

Despite steady job growth in November, policies like those being debated as part of the so-called “fiscal cliff” negotiations in Washington could damage further employment gains, progressive economists and analysts say. The U.S. economy added 146,000 jobs last month, and the national unemployment rate fell to 7.7 percent, its lowest level since December 2008, the time of the financial crash, according to data released Friday by the federal government. “Despite the devastation from Hurricane Sandy, the U.S. economy showed remarkable resilience adding 146,000 jobs in November. The economy continues heading in the right direction, though still not fast enough. The biggest risk to a stronger labor market remains the potential for self-inflicted damage from bad policy decisions,” says Adam Hersh, … Continue reading