While the unemployment rate for July inched down to 7.4 percent, the underlying weakness of the economy stands in stark contrast to President Obama’s full-court press to boost the middle class
Recovery from the recession is agonizingly slow. Participation in the job market continues to dwindle as more and more job seekers give up and leave the workforce. Economic growth remains below 2 percent for the year.
The economy added only 162,000 jobs in July, a disappointment considering prior predictions. ...