Unemployment Down, But Fewer Jobs Being Created
A report says that although the national unemployment rate has dropped, job creation is soft. The reason? The labor-force participation rate.
The nation's unemployment rate may be dropping, but that's little comfort to the many people still looking for work following the worst recession since the Great Depression. A Washington Post article explains that although the unemployment rate has dipped, fewer jobs are actually being created. In April, the U.S. economy added just 115,000 jobs, according to Bureau of Labor Statistics data released Friday, the article states. In a normal month, that would not even be enough to keep up with new entrants into the labor market. But in this economy, it was enough to drive unemployment from 8.2 percent down to 8.1 percent, the lowest point since January 2009, according the the article. The explanation is a little-watched measure known as the…
David Vaccaro
9:39 am on Wednesday, May 9, 2012
Paul, Once again I am in complete agreement with you. I live in an area of New Jersey that doesn't have a large Black population but that is slowly changing and I believe for the better. Skin color doesn't determine someone being a good human being. I think Blacks have gotten the dirty end of the stick historically but everyone has got to push past it for things to improve. But to be somewhat … more ›