Monday, August 6, 2012

Once again, uncertainty stymies the economy

As if new job creation wasn't slow enough, now businesses are going to hold off even longer on hiring new employees until Congress and the President figure out how to avoid this 'financial cliff' that's coming in January of next year. It was bad enough when all these companies had to worry about was Obamacare. Now they are doubly scared to make any kind of risky business decisions.

Don't expect the unemployment rate to get below 8% until well after the first of the new year.

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