Big businesses have enough extra cash to create 19 million jobs
Big businesses and banks currently have enough extra cash lying around to create 19 million jobs between 2012 and 2014 and thus bring unemployment in this country back down to its normal rate of 5%, according to a new report from economists at the University of Massachusetts' Political Economy Research Institute.
Private employers added 157,000 jobs in June, four times the job growth in May and easing fears of a double-dip recession, according to the ADP National Employment Report released Thursday morning.