Jobless Recovery?
Not exactly.
Michael Collins at the Agonist wants to know why the US has had negative job growth:
Negative job growth for eleven years is the best evidence concerning our economic troubles. There were 135 million jobs in 2000 for a workforce of 144 million. Today, there are 139 million jobs for a workforce of 154 million. That represents negative job growth when you factor in population growth.
If you look at this graph it shows that US multinationals have been hiring, just not in the US. [Please note that the graphic is on the Wall Street Journal server and based on data from the Commerce Department, not exactly bastions of rampant socialism.]
Corporations are not investing in the US. No matter how much money they get, there is no indication that they have any intention of modernizing or expanding their US facilities. Taxpayers are financing the movement of jobs to other countries.
