Job Disappointment

Everyone knows that the economy has been very bad and that unemployment rates have been up.  Recenty jobs have been increasing, and the problem has been lessening.  Between May 2011 and January of 2012 1,288,000 jobs were added, averaging 143,111 jobs added per month. The trend was promising as more jobs were being added each month but recently that trend has flipped upside down.

After 275,000 jobs were added in January and 259,000 were added in February, March and April have been rather disappointing. Only 154,000 jobs were added in March and it was still worse in April when only 115,000 jobs were added in the month. “April’s job growth was less than economists had been predicting.” This is very bad for America’s population, since there are not enough jobs and not enough are being added. “We should be seeing numbers in the 500,000 jobs created per month...This is way, way, way off from what should happen in a normal recovery,” said Mitt Romney, the presumptive Republican presidential nominee.

Paul Ashworth, chief United States economist for Capital Economics, said that “My guess is the weather made job growth look too strong in the first couple of months, and now it looks too weak as payback for the warm winter weather.” This reveals that the months that seemed to reflect positive job growth were really an inaccurate reflection of the reality of the American job situation. 

The bottom line in the story of U.S. jobs is simple and easy to understand. There are not enough jobs currently in the U.S. for how many people there are that need jobs.  Also not enough more jobs are being created to fix this problem fast enough.  This all adds up to the reality that more jobs need to be added, and they must be added quickly to recover from the economic downfall we have been stuck in for far too long.

Word Count: 329

Citation

http://www.nytimes.com/2012/05/05/business/economy/us-added-only-115000-jobs-in-april-rate-is-8-1.html?pagewanted=1&sq=April%20jobs&st=Search&scp=2

http://thecaucus.blogs.nytimes.com/2012/05/04/romney-calls-jobs-report-very-very-disappointing/