...According to the ADP National Employment Report, U.S. businesses created a mere 119,000 non-farm jobs in April, down from an already anemic 158,000 new jobs in March and a continuation of a trend that has seen job creation lag population growth since the purported end of the recession in mid-2009.
Although these numbers suggest that the six-year downturn is once again worsening, Dean Baker, co-founder of the liberal Center for Economic and Policy Research, said they were not unexpected.
[...]
Robert Higgs, the libertarian Independent Institute’s senior fellow in political economy wasn't surprised had this to say:
“There’s no reason it should have changed,” he said. “Investors are subject to so many big questions — particularly on federal debt, which continues to increase — that it doesn’t make a lot of sense to launch new projects. As long as net private investment remains low, you won’t see substantial economic growth or substantial job growth.”
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