The Labor Department on Friday is expected to report the economy added 120,000 jobs in October, below the 148,000 recorded in September and the trend for months prior. …
Adding discouraged adults, who have quit looking for work altogether, and part-timers who want full-time employment, the unemployment rate is 13.6 percent. Even with more full-time positions, the pace of jobs creation is well short of the estimated 360,000 needed each month to lower unemployment to 6 percent over three years. That pace would require GDP growth in the range of 4 percent to 5 percent. …
The increased cost and slow pace of regulatory reviews curb investment spending. Robust assessments necessary to protect consumers and the environment must be at minimum cost and timely to add genuine value. Otherwise, excessive compliance costs send jobs to Asia and impose great social costs. …
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