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FTAs to the rescue in boosting American jobs?

Business Times - 07 Dec 2010


FTAs to the rescue in boosting American jobs?

By LEON HADAR
WASHINGTON CORRESPONDENT

THE bad economic news hit Washington at the end of a very depressing week dominated by bipartisan bickering over whether to extend tax cuts and unemployment benefits and how to cut the swelling federal deficit - not to mention the never-ending flow of WikiLeaks.

The report released last Friday indicating that the unemployment rate jumped last month from 9.6 per cent to 9.8 per cent - the highest unemployment number this year - and that the economy created only 39,000 jobs in November, compared to 172,000 in October, did come as a shocker to officials and lawmakers in Washington.

The jobs report made it clear that most of the sectors of the economy (with the exception of temporary help and healthcare) were not hiring. And some sectors were even cutting jobs.

Even more shocking to economists, many of whom had predicted better results earlier in the week, were the disappointi…

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