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9/2/11

US Economy: Job growth ground to a halt in August - "stimulus programs are not the answer"

Employment growth ground to a halt in August, as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the struggling economy.

Note EU-Digest: a monetary stimulus would be more water down the drain. Job creation programs are what is needed and US corporations must be forced to get involved in these programs instead of hoarding their profits abroad and paying none or hardly any taxes on their profits.

For more: Job growth ground to a halt in August - TODAY News - TODAY.com

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