Congress has headed off for its long vacation-and-campaign season, fleeing Washington as the unemployment rate rises. According to the Labor Department’s July jobs report, the unemployment rate ticked up to 8.3 percent, 12.8 million Americans are out of work, and 5.2 million have been out of work for at least a half a year.
According to one survey, the country added a surprising 163,000 jobs in July, while according to a second Labor Department survey, employment fell by 195,000—raising questions about whether the more positive figure is all that reliable, given that the economy slowed significantly to a 1.5 percent annualized growth rate in the second quarter and appears to be slowing further.
The question isn’t what has slowed the economy—it’s really what Obama Administration policy hasn’t slowed the economy? The policies of the last few years has been unequivocal job killers.Continue reading on blog.heritage.org