Categorized | General Interest

Jobs Tighten

   This was predictable:

This year is shaping up to be even worse than last for the millions of high school and college students looking for summer jobs.

State and local governments, traditionally among the biggest seasonal employers, are knee-deep in budget woes, and the stimulus money that helped cushion some government job programs last summer is running out. Private employers are also reluctant to hire until the economy shows more solid signs of recovery.

   That is why we needed a much bigger stimulus program back in 2009 and why the Congress should inject more money into the economy and not be thinking at all about deficits. Incredible, I’m on the same side as Larry Summers on this point.

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