[Biden] negotiators would slash $1 trillion in spending, forecasters are once again downgrading their estimates for second quarter economic growth. All of which means that with 9% unemployment and record-low labor force participation, the jobs deficit should be job number one for both political parties. ~~~ With first-time jobless claims edging back up and first quarter growth lowered to 1.8%, Macroeconomic Advisors dropping their Q2 GDP growth forecast from 3.2% to 2.8%. That prompted Paul Krugman was quick to join Brad Delong in sounding the alarm.
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