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Friday, July 2, 2010

Economy Loses Jobs

The government discharged the temporary census workers, and the economy lost a net 125,000 jobs last month. The unemployment rate dropped to 9.5 percent — because discouraged people left the work force.

The Keynesian strategy for recovery is a rousing success.

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.