Monday, April 5, 2010

Jobs Numbers

"To date in this recession, we've lost 8.2 million jobs. the decline as a percentage of the workforce is the worst since the Great Depression...We are not more than 24 months into this decline, and we're still at the bottom...The good news? the line is finally starting to turn up."

Henry Blodget, "The Scariest Jobs Chart Ever," The Business Insider, April 2,2010.

The uptick. "The Labor Department said employers added 162,000 jobs in March, the most since the recession began but below anlysts expectations of 190,000."

Associated Press, "Employers added most jobs in 3 years in March," Yahool News, April 2, 2010.

Of course this number includes the 48,000 temp jobs created by Census -- hurrah for the role of public jobs. Other gains in health care, hospitality, manufacturing, and construction.

Still, unemployment remained at 9.7 percent

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