Job growth slowed again in April; rate ticks down

CHRISTOPHER S. RUGABER and PAUL WISEMAN are mistaken on two points. First, the Great Recession is not over. It never ended. Thanks to the federal government and the Federal Reserve Wall Street recovered, but Main Street waits. Second, the jobs are not trickling back, indeed the jobs are not being created other than in in the service sector at low wage levels that require public assistance: Wall Mart Nation.

The global workforce doubled since 1990 w/o a corresponding increase in the need for labor. This created economic imbalances that redounded to the benefit of capital and the detriment of workers in developed economies and the economies themselves. Europe has an economic crisis because of this. The political will to reform the imbalances does not exist in developing countries.

Tom Shillock of OR 2:47PM May 04, 2012