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Todays Bad News: The underemployment" rate rose to 16.8 percent last month from 16.5 percent"The report today shows a labor market with no momentum," said Larry Mishel, president of the liberal Economic Policy Institute. "Employment is not growing. And even a generous interpretation of the snow's impact suggests that the underlying trend is insufficient to drive down unemployment in the near future."Nearly 14.9 million Americans are unemployed -- nearly twice the total when the recession began. The Labor Department revised its estimate of job losses for January from 20,000 to 26,000.Hiring for the 2010 Census accounted for 15,000 jobs last month, the department said. The government expects to hire 1 million temporary census workers this year.http://finance.yahoo.com/news/Unemployment-rate-unchanged-apf-2244283326.html?x=0&sec=topStories&pos=9&asset=&ccode=
Todays Bad News: The underemployment" rate rose to 16.8 percent last month from 16.5 percent
"The report today shows a labor market with no momentum," said Larry Mishel, president of the liberal Economic Policy Institute. "Employment is not growing. And even a generous interpretation of the snow's impact suggests that the underlying trend is insufficient to drive down unemployment in the near future."
Nearly 14.9 million Americans are unemployed -- nearly twice the total when the recession began. The Labor Department revised its estimate of job losses for January from 20,000 to 26,000.
Hiring for the 2010 Census accounted for 15,000 jobs last month, the department said. The government expects to hire 1 million temporary census workers this year.
http://finance.yahoo.com/news/Unemployment-rate-unchanged-apf-2244283326.html?x=0&sec=topStories&pos=9&asset=&ccode=
