We Won't Climb Out of the Great Recession Until the Middle Class Has Money Again

We need a new New Deal that will bolster America’s floundering middle class.

June 4, 2010 | We’re falling into a double-dip recession.

The Labor Department reports this morning that the private sector added a measly 41,000 net new jobs in May. (The vast bulk of new jobs in May were temporary government Census workers.) But at least 100,000 new jobs are needed every month just to keep up with population growth.

In other words, the labor market continues to deteriorate.