U.S. New unemployment applications climb to 428,000


http://www.northjersey.com/news/business/Unemployment_benefit_requests_jumped_to_428K.html

“More jobs are desperately needed to fuel faster economic growth. Higher employment leads to more income. That boosts consumer spending, which accounts for about 70 percent of economic growth.”

But more hiring is unlikely unless demand increases. Which means that we are in a vicious cycle which can only be broken by implementing the reforms I have proposed here in New Jersey.

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