America’s private sector generated 64,000 jobs in September — just about half the number needed to keep up with the growth in the labor force. (Government, meanwhile, shed jobs.) That means American workers are in worse shape today than they were a year ago. The Great Jobs Recession continues. And we won’t get out of it until we face and deal with the structural problem at its core: A record share of the nation’s income going to the top, leaving the vast middle without enough purchasing power to get the economy moving. (See AFTERSHOCK: The Next Economy and America’s Future.)
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