http://www.bbc.co.uk/news/business-18297143Weak US jobs figures for May hit markets
There are five million fewer jobs in the US than there were when the recession began.
However the spend policy would appear to be buying some relief, if all else is equal...The number of people who had been unemployed for more than 27 weeks, who are classified as long-term unemployed, rose to 5.4 million in May from 5.1 million in April.
They account for 42.8% of the unemployed.
The jobless rate increased to 8.2% from 8.1% in April, the Labor Department said.
If my calculations are correct then the figures imply that the spend v slash policy is saving the USA some 4.3 million unemployed.New unemployment figures showed that the jobless rate in eurozone was 11% in April, unchanged from March, but still the highest since records began in 1995
I am not sure what the debt creation difference would be if the USA was following a frugal policy instead of spending. However dividing that by 4.3 million gives the answer as to if the policy is giving 'value for money'...
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