WHAT'S WASHINGTON DOING TO CREATE JOBS?

June 2011 Unemployment at 9.1%

Washington cannot create jobs other than growing government by hiring more Federal Employees.

1. What it can do is create an environment conducive for job creation by the private sector.

2. What Congress can do is lower the corporate tax rate for businesses...The USA has the second highest rate in the industrialized countries.

3. Stop using the Commerce Clause in the Constitution to hammer intrastate commerce.

4. What all levels of government can do is loosen the red tape for starting a business.

5. Consolidate the myriad of forms that need to filled out for Federal reporting

6. Local governments could make it less of a burden to get permits: Building Permits, Licenses and get the entrepreneur through the process in less than 6 months.

7. Local governments should stop taxing businesses with income taxes and inventory taxes.

8. Change tariff regulations to promote real free trade and not the unfair free trade regulations now in place.

9. End the practice of requiring union based wages for federal contracts. be

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Jobs and the Economy:
2011 College Graduates “The class of 2011 will likely face the highest unemployment rate for college graduates…in history.” – The Economic Policy Institute This spring, over 1.7 million college students[i] will graduate from four-year universities, bright eyed and ready to launch their careers. Has Washington prepared the job market to provide opportunity for so many young professionals to enter the workforce?

Class of 2011 and the Job Market
The Employment Situation
In May, unemployment bounced to its highest level in 2011, at 9.1 percent. Many Americans would argue the unemployment rate does not represent the job market they have encountered. While the Department of Labor reports 9.1 percent unemployment, Gallup rates underemployment, which takes into account people who have given up looking or taken part time work because they couldn’t find a job, at 19.1 percent Most Americans have felt the tight squeeze of a struggling economy, and college students are no exception. To put this into context: College student’s dads who graduated from college in the 1970’s encountered an average 6.1 percent unemployment rate… a stark difference from today’s college graduates.

The Link: Uncertainty
High government spending leaves businesses uncertain of future tax and interest rates, which leaves them more hesitant to invest in long-term projects that create jobs. Uncertainty over the future of the economy is keeping American businesses from recovery. Washington needs to cut spending in order to foster an economy that is creating jobs for the Class of 2011.

Source: National Center for Education Statistics. May 31, 2011. http://nces.ed.gov/fastfacts/display.asp?id=372
Bureau of Labor Statistics. June 3, 2011.
 http://www.bls.gov/news.release/empsit.nr0.htm
Gallup: No Improvement in Gallup’s Underemployment Rate in May. June 3, 2011. http://www.gallup.com/poll/139346/no-improvement-gallup-underemployment-rate-may.aspx
Bureau of Labor Statistics: Data. June 3, 2011. http://www.bls.gov/cps/tables.htm
Bankrupting America http://www.bankruptingamerica.org/