When Fed Chairman Ben Bernanke testified in front of the Senate last month on the state of the economy, he pulled out a peculiar phrase to describe the job market. While U.S. employers added 200,000 jobs a month at the end of 2011 and into 2012, he noted that the numbers had since tanked; in the second quarter, only 75,000 jobs were added each month. Looking up from his prepared remarks, Bernanke declared a “loss of momentum in job creation.”
That’s not a loss of momentum, that’s a crisis. And we want your help.