Friday, April 07, 2006

France: Eat your heart out!

Well the jobs report for March has come out and once again the U.S. economy is rolling! The U.S. Department of Labor is reporting that the U.S. economy generated 211,000 jobs in March with the unemployment rate coming in at 4.7%.

These statistics show two things. First immigration is not an issue as there is plenty of jobs being created and without immigration we would have a dramatic labor shortage leading to high inflation.

Finally it shows that our system of capitalism works. Free markets, low barriers to entry, low tax rates and flexible labor markets make an economy go. France should take note!

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