Another Lost Year for U.S. Workers

James Pethokoukis, AEI Ideas
While the December jobs report — 155,000 net new payrolls, 7.8% unemployment rate — was more or less in line with official analyst expectations, plenty of Wall Street economists thought it just might surprise to the upside. Maybe 200,000 jobs or more went the “whisper” estimates.It didn’t happen.Instead it was same old, same old. The increase in total nonfarm payroll employment was only a smidgen better than the average 2012 employment growth of 153,000 jobs per month. And that was exactly the same as the average monthly gain for…

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