The highest increase in manufacturing jobs since 1998!
290,000 jobs added! The biggest growth in 4 years!
John Boehner was not happy with the new jobs numbers. He, along with other GOPers, is po'd because Americans are finding jobs, which will make it harder for the Republicans to run against Democrats. It's all about winning elections for them, and screw the working people. Boehner and his compatriots would rather see more Americans out of work than in jobs--that would be much better for them.
Sue covers this story as well over at her blog, Hellooooooo.....Mr. President, Are You Listening?
"In the early 1980s, the national unemployment rate actually rose to 10.8% -- higher than the max of 10.1% this recession hit in October. Yet, during the early-80s recession the percentage of unemployed who remained jobless for at least 27 weeks topped off at just 26% -- far lower than the 46% in April.
The reason for this high duration is likely due to the structural unemployment caused by some industries undergoing significant changes during this recession. Construction and anything else real estate related, in particular, stand out. The unemployment in most recessions is largely cyclical in nature. "
This long duration for the unemployed is a serious problem on many levels. It's obviously a huge problem for those jobless. As Derek noted earlier, it can hurt your job path, skills, and prospects to be unemployed for an extended period. Psychological harm can also result, as people may become more discouraged.
