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Show Us The Jobs
The nation’s economy generated only 21,000
net new jobs in February, and unemployment remained unchanged at 5.6
percent, the Bureau of Labor Statistics (BLS) reported March 5. The
official unemployment number does not include 392,000 discouraged
workers who gave up looking for jobs in February.
The economy again lost manufacturing jobs—3,000—for the 43rd
consecutive month for a total of 2.9 million manufacturing jobs lost
since President Bush took office, according to BLS. The economy
remains nearly 2.2 million jobs short of the more than 2.4 million new
jobs the administration projected the economy would create by this
time.
Over the past six months, the economy has added only 364,000 jobs,
which falls nearly two-thirds short of what is needed just to
accommodate new workforce entrants, much less help workers who remain
unemployed. A new report by the nonprofit Economic Policy Institute ()
released March 4 finds that long-term unemployment—when a jobless
worker has looked for work six months or more—rose by 198.2 percent
between 2000 and 2003.
“The statistics clearly show the crisis is not being addressed and our
country’s leaders are oblivious to the suffering of the unemployed,”
AFL-CIO President John Sweeney said. |