Sunday, April 4, 2010

Job Growth and the Resilient Recovery

Ok-this article is everywhere and I dropped the ball and didn't post it a couple days ago.

March jobs report shows growth

(I've included snippets)

Growth should have an asterisk because although the Labor Department said the economy gained 162,000 jobs in the month, 48,000 of these were for the Census; meaning that they are TEMPORARY jobs.

The average time those unemployed have been out of a job now stands at just under eight months, a record-long duration.

Almost 1 million more have become so discouraged that they've stopped looking for work altogether and are no longer counted in the unemployment rate.

But the number of discouraged job seekers fell by just over 200,000 since February, an indication that job seekers are also sensing an improving market and are again looking for work.

There are still 9.1 million people working part-time jobs who want to be working full-time, up more than 250,000 since February.

In other news: it took me like 5 minutes to spell "asterisk" correctly.

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