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Tag: weak economy

Obama’s Economy Is Creating Too Many Low-Paying Jobs – Real Danger for a Consumer Based Economy

By Peter Morici Despite another seemingly good jobs report, President Obama's approval rating is lower than a snake's belly, and Republicans could retake the Senate in November. Missteps in the Ukraine, Iraq and elsewhere weigh on voters' minds, but the economy — especially the jobs picture — is not what Obama cracks them up to be. The 5.9 percent unemployment rate is a fraud. The[...]

Yellen: Economy Still Needs Fed Stimulus – Wages Rising Too Slowly, Fed Chair Says

NEW YORK (CNNMoney) - Although the job market is improving, it's still not strong enough to fully satisfy Federal Reserve Chair Janet Yellen. Wages are rising too slowly, and too few Americans are participating in the job market, she told senators on Tuesday. "Although the economy continues to improve, the recovery is not yet complete," Yellen said in testimony before the Senate Banking, Housing [...]