“The American economy continued its long slog upward from the depths of the Great Recession, adding 163,000 nonfarm payroll jobs in July, the Labor Department said on Friday. That compares to a revised 64,000 jobs in June. For context, the economy now produces as many goods and services—more, in fact—than it did before the downturn officially began in December 2007. But it does so with almost five million fewer jobs.” (New York Times)
Government is still holding the economy back.
FEE Timely Classic
“Creating Jobs versus Creating Value” by Steven Horwitz