The Economy Is Adding Jobs!
But not fast enough. It's huge news that the latest employment report (pdf) shows that the country has finally started to add jobs. It's the first substantial increase in the number of jobs since 2007. But while the economy added 162,000 jobs in March, that's still just a small fraction of the more than 8 million jobs we've lost since the start of the recession. And 48,000 of the jobs we added are temporary census jobs, which will disappear again when the census is over. It wasn't enough to make a dent in the 9.7% unemployment rate anyway, since we needed to add nearly that many jobs just to keep up with the growth of the working age population. The economy certainly hasn't recovered yet. The best we can say is, as Paul Krugman puts it, that "the patient is in stable condition."
It's certainly an improvement. For the first time in years almost every major industry seems to be hiring. But if the economy is finally beginning to improve for many people things are still getting worse. The unemployment rate for black men rose to a new high of 19%. The underemployment rate—the percent of people who have less work than they'd like—actually increased slightly to 16.9%. And the percent of the unemployed who have been looking for work longer than 6 months rose to a record 44.1% in March. It may be a while before people who have been out of work for a long time do get jobs, since the government predicts that unemployment will remain at this level through 2011 and may not return to pre-recession levels until 2016. Meanwhile, the average hourly wage of people who actually have jobs fell slightly.
There's only so much the government can do to create jobs. But what little we are doing is, as Robert Reich says, nowhere near enough. A sustained recovery depends upon putting Americans back to work. This has already been one of the most painful recessions in American history. It's time to do something to help those who are hurting.
CORRECTION: This post originally said that almost 80% of new jobs have gone to people over 55. That appears to be an artifact of the fact that the data for each age group is seasonally adjusted separately, so that the totals don't add up. While many new jobs have gone to older people, it is nowhere near as dramatic as I originally wrote.
Orangutans join humans and bees in a very exclusive club
- Orangutan mothers wait to sound a danger alarm to avoid tipping off predators to their location
- It took a couple of researchers crawling around the Sumatran jungle to discover the phenomenon
- This ability may come from a common ancestor
In a breakthrough for nuclear fusion research, scientists at China's Experimental Advanced Superconducting Tokamak (EAST) reactor have produced temperatures necessary for nuclear fusion on Earth.
- The EAST reactor was able to heat hydrogen to temperatures exceeding 100 million degrees Celsius.
- Nuclear fusion could someday provide the planet with a virtually limitless supply of clean energy.
- Still, scientists have many other obstacles to pass before fusion technology becomes a viable energy source.
Journaling can help you materialize your ambitions.
- Organizing your thoughts can help you plan and achieve goals that might otherwise seen unobtainable.
- The Bullet Journal method, in particular, can reduce clutter in your life by helping you visualize your future.
- One way to view your journal might be less of a narrative and more of a timeline of decisions.
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