Jobs Creation

Jobs Creation

How Washington Could Create Jobs

About 14.8 million people are unemployed — an increase of more than 7 million since the recession began. And as slow as Congress has been to act while Democrats controlled both chambers, an increasingly divided political landscape after the election is expected to create an even worse logjam in Washington.

 

Spending on infrastructure is one way to help create jobs, and it might enjoy political support, said Mark Zandi, chief economist for Moody’s Analytics, an economic and financial research firm.

Analysts have found that spending on infrastructure has a relatively high payoff in terms of boosting the overall economy. Another major point in favor of additional infrastructure spending: It would help some of the workers who have been most hurt in the recession, such as construction workers.

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