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04-11-2011, 08:57 PM #1
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Dejected Workers Stop Fed From Taking Comfort in Jobs Data
Dejected Workers Stop Fed From Taking Comfort in Jobs Data
Monday, 11 Apr 2011 03:03 PM
The sharpest drop in unemployment in more than a quarter century obscures a simple fact: The jobs market still isn’t working for many Americans.
Some 6.3 million people have been out of work and looking for a job for more than six months. The employment-to-population ratio is lower than it was when the recession ended as companies have been slow to add to payrolls. And big sources of hiring in the past — government, health care and retailing — may not be able to reprise that role in the future as lawmakers limit outlays and consumers curb spending.
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