That's the headline from the land of Duh
Most economists think the recession is over, but they say the jobless rate will keep rising until at least next summer as the economy struggles to mount a sustained recovery....
"Firms are still not hiring, and that reflects deep pessimism about the sustainability of the economic recovery once government stimulus programs wear off," said Sal Guatieri, senior economist at BMO Capital Markets. "The lack of job creation remains a big headwind for cash-starved and credit-constrained consumers."
Gosh, why aren't they hiring? Why would anyone in their right mind hire anyone?
Turn it around: why would you
want to hire someone? Not out of the goodness of your heart. Not to "contribute" to the economy. Not to "give something back" to the "community."
No, I'll bet, if you're like me, that the only reason you'd hire someone is if you had a little business and you were making a little money and you thought that if you hired some help you could make a lot more money. You'd hire someone, in other words, if you thought it would help you to get rich.
But will it help you to get rich? Now we're being told that being rich is bad. Obama has made it very plain that he intends to punish the rich. Cap their pay. Tax them out of existence. Regulate them to death. Being rich will not be fun, not if Obama has anything to do with it.
Who in their right mind would want to hire anyone in this climate?