I weigh in on the recent employment numbers at National Review’s blog “The Corner” (posted at 10:32 am). The recent data from the U.S. Bureau of Labor Statistics show a decline in employment as well as a reduction in the unemployment rate as the Bureau of the Census cut its temporary workforce while private payrolls increased modestly.
The soft employment numbers build the case for those who believe we may be entering a “lost decade” similar to what Japan experienced before the Great Recession.
See other Reason Foundation blog posts on the stimulus here, and Anthony Randazzo’s policy brief on Japan’s lost decade here.