05/05/12

Permalink Report highlights systemic jobs crisis in US

The report confirmed a bleak employment situation, with millions of people mired in a permanent state of joblessness. The Obama administration responded by insisting that the report showed an economy continuing to “heal,” making clear that it would take no action to address the crisis. - Only 115,000 jobs were added in the US in April, according to Friday’s report from the Bureau of Labor Statistics. This was significantly below expectations, and was the smallest gain in six months. It was well below the revised figure of 154,000 jobs added in March. The official unemployment rate, which bears little resemblance to the actual level of joblessness, fell from 8.2 to 8.1 percent. This was due largely to the fact that more people gave up looking for work, and therefore are not counted as unemployed.

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