[B4Ranch]

Indeed, because jobs lost paid for more hours worked per week than did the newly created jobs, the country ended 2005 with fewer private-sector hours worked than it had in January 2001.

[B4Ranch]

If the free trade/outsourcing propaganda were true, would not at least some US export industries be experiencing a growth in employment? If free trade and outsourcing benefit the US economy, how did America run up $2.85 trillion in trade deficits over the last five years?

This means Americans consumed almost $3 trillion dollars more in goods and services than they produced and turned over $3 trillion of their existing assets to foreigners to pay for their consumption. Consuming accumulated wealth makes a country poorer, not richer.

[trebb]

Slower job generation than anyone had since 1939, yet the unemployment stands at a remarkable 4.7%. Go figure...