In his CNN interview this Sunday, President Obama said that people should expect a weak job market. He claimed that an economy adding 150,000 jobs a month is needed to keep up with the current population growth, but for now people should not expect such job numbers.
This is a little confusing, because less than a month ago, the White House economic team proclaimed that the Stimulus bill “created or saved” 1 million jobs. Considering that only six full monthly job reports were published since the signing of the stimulus, it means that an average of 166,666 jobs were “created or saved” on a monthly basis.
So Mr. President, make up your mind: is our economy getting the needed 150,000 jobs per month, or not?
