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<blockquote data-quote="texan" data-source="post: 979498" data-attributes="member: 38206"><p><strong><strong><span style="font-size: 12px">From Time Magazine:</span></strong></strong></p><p><strong><strong><span style="font-size: 12px">Behind the Numbers: Slow Job Growth is a Problem; </span></strong></strong></p><p><strong><strong><span style="font-size: 12px">Long-term Unemployment is a Crisis</span></strong></strong></p><p></p><p><strong>Any way you slice it, Friday’s <a href="http://www.bls.gov/news.release/pdf/empsit.pdf" target="_blank">jobs numbers</a> were a huge disappointment. Forecasters were expecting 150,000 jobs </strong></p><p><strong>added, and even that figure would have represented mediocre job growth. But the actual number of 67,000 new jobs</strong></p><p> <strong>isn’t even enough to keep up with population growth. </strong></p><p><strong></strong></p><p><strong>Combine that with the downward revisions of the March and April numbers, and what we have on our hands </strong></p><p><strong>is a sputtering recovery.</strong></p><p><strong></strong></p><p><strong></strong><strong>But perhaps the most depressing aspect of last week’s <a href="http://www.bls.gov/news.release/pdf/empsit.pdf" target="_blank">report</a> – and the recovery in general – is the huge number</strong></p><p> <strong>of long-term unemployed workers. Defined by the Bureau of Labor Statistics, someone is considered “long-term” </strong></p><p><strong>unemployed if they have been jobless for 27 weeks or longer. According to Friday’s Employment Situation Report, the</strong></p><p> <strong>total number of long-term unemployed is at a staggering 5.4 million Americans, or 42.8% of the total </strong></p><p><strong>unemployed.</strong></p><p></p><p></p><p>Read more: <a href="http://business.time.com/2012/06/04/behind-the-numbers-slow-job-growth-is-a-problem-long-term-unemployment-is-a-crisis/?xid=newsletter-daily#ixzz1wpmEJ9Qy" target="_blank">Behind the Numbers: Slow Job Growth is a Problem; Long-term Unemployment is a Crisis | Business | TIME.com</a></p></blockquote><p></p>
[QUOTE="texan, post: 979498, member: 38206"] [B][B][SIZE=3]From Time Magazine: Behind the Numbers: Slow Job Growth is a Problem; Long-term Unemployment is a Crisis[/SIZE][/B][/B] [B]Any way you slice it, Friday’s [URL="http://www.bls.gov/news.release/pdf/empsit.pdf"]jobs numbers[/URL] were a huge disappointment. Forecasters were expecting 150,000 jobs added, and even that figure would have represented mediocre job growth. But the actual number of 67,000 new jobs isn’t even enough to keep up with population growth. Combine that with the downward revisions of the March and April numbers, and what we have on our hands is a sputtering recovery. [/B][B]But perhaps the most depressing aspect of last week’s [URL="http://www.bls.gov/news.release/pdf/empsit.pdf"]report[/URL] – and the recovery in general – is the huge number of long-term unemployed workers. Defined by the Bureau of Labor Statistics, someone is considered “long-term” unemployed if they have been jobless for 27 weeks or longer. According to Friday’s Employment Situation Report, the total number of long-term unemployed is at a staggering 5.4 million Americans, or 42.8% of the total unemployed.[/B] Read more: [URL="http://business.time.com/2012/06/04/behind-the-numbers-slow-job-growth-is-a-problem-long-term-unemployment-is-a-crisis/?xid=newsletter-daily#ixzz1wpmEJ9Qy"]Behind the Numbers: Slow Job Growth is a Problem; Long-term Unemployment is a Crisis | Business | TIME.com[/URL] [/QUOTE]
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